Get Started with Bitcoin in 2 minutes
By: Ofir Beigel | 12/17/20
So you’ve heard about Bitcoin and cryptocurrencies but don’t really know where to start?
Here are three simple steps that will get you on track – even if you’re just starting out:
Don’t like to read? Watch the video version of this guide:
Before doing anything else, you should start by educating yourself about what Bitcoin is: why was it created, what gives it value, and what separates Bitcoin from every other cryptocurrency?
Understanding the answers to these questions is crucial to helping you make better investment decisions. Now, we may be a little biased, but we think a good place to start would be our own free, seven day Bitcoin crash course. If you watch just one video each day, within a week you’ll know more about the topic of Bitcoin than most people you know.
Once you’ve gotten your basic education, it’s time to get some hands-on experience by conducting your first Bitcoin transaction. For first timers we suggest downloading a free software wallet like Exodus and buying just a small amount of Bitcoin for the experience. Some reputable places that will sell you small amounts of Bitcoin are Coinbase, CEX and Coinmama.
Going through your first Bitcoin transaction will put into practice what you’ve learned in our course and will give you a better sense of how to make your first purchase, how to find your Bitcoin address, how long it takes for a transaction to be confirmed and more.
Now that you’ve finished your crypto bootcamp it’s time to stay up to date with the latest news and updates so you can understand and anticipate market movements. Along with our own YouTube channel, there are several other good resources you should bookmark and subscribe to.
One example is Altcoin Daily, which is a great channel supplying super informative videos on a daily basis. Additionally, the Bitcoin subreddit is the place to go to connect with the vibrant Bitcoin community.
So there’s your “getting started” blueprint. Once you’ve finished these three steps you should feel pretty confident about what your next steps should be.
We hope you’ll take us along as you embark on your new Bitcoin adventure.