Author: Chris Hoffman / Source: howtogeek.com
Rise or fall, people just can’t stop talking about Bitcoin. Let’s be clear: We’re not recommending you purchase Bitcoin. But, if you have your heart set on it, here’s how to do it easily—without getting scammed.
Warning: Be Responsible
RELATED: Bitcoin Is Not a Currency, It’s an (Unsafe) Investment
In our opinion, speculating on Bitcoin (also known as BTC) is basically the same thing as gambling.
It’s not a currency people are using in the real world. It’s an unsafe investment that may go up or down. Even if a cryptocurrency ends up taking over the world in the future, there’s no guarantee that the cryptocurrency of choice will be Bitcoin.Of course, what you do with your money is your own decision. And, if you do want to buy Bitcoin, we’re here to show you the best, easiest way to get started.
If you do want to invest in Bitcoin or another cryptocurrency, be sure to do it with money you can afford to lose. Go in knowing that your investment may never pay off and you may lose all your money. It’s a risky asset.
Just take a look at Bitcoin’s historical value. Will it go back up, or will it continue sliding? Anyone who says they know for sure is lying to you, because no one can see the future.
How to Buy Bitcoin Without Getting Ripped Off
RELATED: What Is Bitcoin, and How Does it Work?
We recommend you use Coinbase if you want to get started buying Bitcoin or another digital currency. Coinbase is a digital currency exchange website headquartered in San Francisco. It’s user-friendly and is a US-based company. It’s a more trustworthy company than some of the fly-by-night Bitcoin sellers you sometimes see advertised on the web.
While it’s based in the USA, Coinbase allows people from many different countries to buy and sell Bitcoin.Coinbase lets you buy and sell Bitcoin, and it also provides a digital wallet that holds the Bitcoin you purchase. You can transfer any Bitcoin you purchase from Coinbase to your own private wallet at any time, if you like. However, by default, the Bitcoin you buy at Coinbase is stored in a wallet tied to your Coinbase account, which you can view on the Coinbase website or in the Coinbase app—simple.
To get started, head to the Coinbase website on your computer or download the Coinbase app for iPhone or Android. You’ll need to click the “Sign Up” button and create an account. During the account creation process, you’ll be asked for your name, date of birth, address, occupation,…
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