Do I need a Bitcoin Wallet Address? How to Get One? A DIY ...

Beginners guide to buying Bitcoin and other Cryptocurrencies

A super quick guide to getting started with bitcoin and other cryptocurrencies.
1) Coin Research
There are lots of coins you can buy, trade, or mine not just Bitcoin. You can see them and start research on coins using https://coinmarketcap.com/
2) Getting Money In
You first need to get your money on the exchanges. There are a few decent options for this.
3) Sign up and get verified
Pretty much any site you want to trade on or send money to is going to ask you to also get verified which means you'll need to send them a picture of government issued ID and utility bills in some cases. After you sign up for an exchange site you'll usually need to log in and go looking in the settings for how to get verified.
4) Exchange Security
When you signup for any site you'll also want setup 2-factor authentication with Google Auth. You can usually find instructions in the settings section of the site you just signed up for. IMPORTANT: Make sure to save your recovery keys because you can get locked out for good and lose your money if you don't.
5) First Coin Purchase
Once you have some money in play you typically purchase Bitcoin or Ethereum first. You can hold those and pray for profit or you can start trading them for other coins.
6) Second Coin Purchase
Do you want to buy more than just Bitcoin and Ethereum? Most other coins you want will be on a couple of different websites
7) Sample Workflow
Assuming you have your accounts setup, a general workflow would go something like this.
8) Wallets Intro
You don't want to leave your money or coins on exchanges since they are prone to hacking. So you'll want to research wallets.
9) More on Wallets
Wallets can be a pain and take some research but taking the time to keep your funds secure is vital.
Some quick wallet points
10) Crypto really does require constant research
11) Successful trading and investing
Coin prices fluctuate wildly because there is not a ton of volume. This makes it difficult if not impossible to predict price changes using any sort of technical analysis. Doing slightly longer-term investments will likely serve you better. To be successful you need to research good quality coins that are undervalued and then feel the buzz in the community and anticipate undervalued coins rising up. This requires constant research of coins and ICOs plus being on reddit/twitteyoutube multiple times a day.
12) More trading and investing tips
Get in early with undervalued coins. Don't follow the masses chasing the green when a coin is on the run going up. The majority of the time you'll end up buying at a high price just to watch the coin fall back almost as quickly as it went up. You'll often hear the term pump-and-dump to describe this. Avoid it. Look for quality investments that you can hold through the ups and downs.
That's sort of the quick starter guide
A good link for more detailed info https://mycrypto.guide/
If you're looking to get into ICOs https://apifini.com
submitted by emanualjade to BitcoinCA [link] [comments]

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Coinbase Exchange Tutorial - How To Buy Bitcoin On ...

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