posted ago by T_Hage ago by T_Hage +3 / -0

Can anyone teach us how to get bitcoin for us newbs?

Comments (21)
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4
ThrolyHD 4 points ago +5 / -1

easy way is to get a broker and buy it online.... Dont use robinhood though they can stop you from buying and selling when ever they want.

2
fegeline 2 points ago +2 / -0

Important is to also transfer all coins to a local wallet, not your keys, not your coins.

3
fegeline 3 points ago +3 / -0
  • Find an exchange that trades with real actual crypto. e.g: Binance, Kraken, Coinbase Pro or similar
  • Make the purchase, bank transfer can take a few days but is typically cheaper than card purchases which is instant.
  • Transfer your coins to your local wallet

Additionally, if you're unfamiliar with local wallets do some practice first to learn the basics:

  • Install the software, move some funds to it,
  • Try send some funds to another wallet
  • Try installing the wallet software on another device, see that your backup works
  • Store your backup safely, in multiple places, not just inside your own house

Some wallet software:

  • Exodus: beginner friendly but high fees
  • Electrum: lightweight and simple, many features, adjustable fees
  • Core: If you have plenty of storage space and a device that's often turned on, relatively user friendly after you've gotten used to it, many features, and the most secure choice.
2
ThrolyHD 2 points ago +2 / -0

dont use Coinbase

2
RiffFantastic 2 points ago +3 / -1

I use coinbase, but watchout for their fees. There are ways to trade yourself without paying coinbase for the transaction. Watch some videos.

2
KPeteTheBeast 2 points ago +2 / -0

Kraken is also another means to purchase bitcoin and many other coins as well. Tis what I use.

2
ThrolyHD 2 points ago +2 / -0

Coinbase requires you to send photo copies of your drivers license and linking your bank account and in some cases takes days to get approved.... oh and they ALSO take commissions on your transactions.... Use TD Ameritrade, Webull or SOFI. I use TD Ameritrade because it has the ThinkorSwim with paper money so you can practice trading with fake money to learn.

1
smart_bitcoin 1 point ago +1 / -0

I recommend swanbitcoin.com

use a promo code to sign up swanbitcoin.com/orangepill

1
smart_bitcoin 1 point ago +1 / -0

imagine if 75 million Trump supporters each owned bitcoin... I don't mean one full BTC... I mean 10 bucks or 100 bucks worth

75 million x $10 = $750 million = MAGA hedge fund

What would scare Democrats and Davos insufferables most? 75 million Trump voters having bitcoin wallets and disrupting the global financial and monetary system

1
smart_bitcoin 1 point ago +1 / -0

other options are Gemini, Crypto.com, Voyager, BlockFi, BitStamp

My favorite is Swan Bitcoin

1
smart_bitcoin 1 point ago +1 / -0

you can buy bitcoin via PayPal but you don't own the private key

similar with Robinhood

1
smart_bitcoin 1 point ago +1 / -0

Check out Voyager app to buy bitcoin and other crypto

1
smart_bitcoin 1 point ago +1 / -0

https://www.lopp.net/bitcoin-information/buying-earning.html

Jameson Lopp is the most credible expert on bitcoin, privacy and cybersecurity imo

1
smart_bitcoin 1 point ago +1 / -0

1% of your portfolio should contain bitcoin

this is investment advice!

1
smart_bitcoin 1 point ago +1 / -0

I also recommend Orange Pill Podcast (also on YouTube)

Max Keiser and Stacy Herbert

Max has been pushing bitcoin since 2011

0
highenergywinning 0 points ago +2 / -2

I believe thru Coinbase

1
smart_bitcoin 1 point ago +1 / -0

coinbase is one of many options

2
highenergywinning 2 points ago +2 / -0

Tell me more

1
smart_bitcoin 1 point ago +1 / -0

swan bitcoin has the lowest fees and has cold storage and well insured

voyager

cash app

coinbase

gemini

crypto.com

you can trade but now own bitcoin using paypal and robinhood

1
smart_bitcoin 1 point ago +1 / -0

all of these except Swan has ios apps

0
petebuttigieg 0 points ago +2 / -2

coinbase.com , or cashapp.