— 𝐌𝐲 𝐭𝐫𝐮𝐞 𝐟𝐞𝐞𝐥𝐢𝐧𝐠𝐬 𝐨𝐧 𝐚 𝐭𝐨𝐫𝐧 𝐩𝐚𝐩𝐞𝐫 𝐚𝐫𝐞 𝐠𝐞𝐭𝐭𝐢𝐧𝐠 𝐜𝐥𝐞𝐚𝐫 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧’ 𝐛𝐨𝐮𝐭 𝐲𝐨𝐮 .•
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How to Buy Bitcoin?
Most people buy Bitcoin via exchanges, such as Coinbase. Exchanges allow you to buy, sell and hold cryptocurrency, and setting up an account is similar to opening a brokerage account—you’ll need to verify your identity and provide some kind of funding source, such as a bank account or debit card. Major exchanges include Coinbase, Kraken, and Gemini. You can also buy Bitcoin at a broker like Robinhood. Regardless of where you buy your Bitcoin, you’ll need a digital wallet in which to store it. This might be what’s called a hot wallet or a cold wallet. A hot wallet (also called an online wallet) is stored by an exchange or a provider in the cloud. Providers of online wallets include Exodus, Electrum and Mycelium. A cold wallet (or mobile wallet) is an offline device used to store Bitcoin and is not connected to the Internet. Some mobile wallet options include Trezor and Ledger.
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