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2023 Updated Guide: Quick and Easy Steps to Purchase Bitcoin in Under 2 Minutes

2023 Updated Guide: Quick and Easy Steps to Purchase Bitcoin in Under 2 Minutes

in this video I'm going to show you how to buy Bitcoin in under two minutes you might have a lot of questions such as where is the best place to buy Bitcoin where do I store my Bitcoin and can I buy just a fraction of a Bitcoin well in this video I'm gonna go over all of those questions and show you in under two minutes how you can buy Bitcoin now buying Bitcoin can be broken down into three simple Steps step one is you need to get a wallet step two is finding your Bitcoin address and step three is actually buying your Bitcoins the first step is to get your very own Bitcoin wallet a Bitcoin wallet is a program for sending receiving and storing your Bitcoin Bitcoin wallets can be broadly divided into two separate categories software wallets and Hardware wallets software wallets are programs or apps that run on your computer or your mobile device whereas Hardware Wallets on the other hand are small physical device devices that connect to your computer to send and receive Bitcoin and these are a much safer place to store your Bitcoin if you're buying just a small amount of Bitcoin and yes you can buy fractions of a Bitcoin for smaller amounts than a free software wallet will do just fine but if you're planning on accumulating larger amounts of Bitcoin it's a lot safer to store it on a hardware wallet once you have your wallet make sure to find your Bitcoin address a Bitcoin address is what you give out when you want someone to send you Bitcoin it's a long string of letters and numbers that starts with either a one or a three inside of your software wallet or your Hardware wallet you will easily be able to find your Bitcoin wallet address okay so now you know where to put your Bitcoin you need to know where to get it from we recommend that you buy your Bitcoins on an exchange exchanges can be divided into two separate categories Brokers and trading plan forms Brokers will sell you Bitcoin directly through a fast and easy process but with higher fees they are extremely suitable for beginners whereas trading platforms connect you with the sellers anonymously and allow for more trading options trading platforms have much lower fees than Brokers but are better suited for more experienced users for your first time purchase we recommend going with a reputable broker meanwhile while some exchanges will store your coins for you on their website we recommend that you withdraw them to your own wallet by sending them to the Bitcoin address you found in step two this way you keep full control over your Bitcoin for a complete list of recommended wallets Brokers and trading platforms as well as in-depth step-by-step guides make sure you check out the links in the description below

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