Getting started with Bitcoin

Lots of people have been looking into bitcoin and other crypto currencies and keep asking how to actually get started if they don’t want to invest thousands of dollars but just want to get their toes wet. In this very basic introduction I will give you the most simple way to invest a few dollars into cryptos without going into the nuts and bolts of trading, evaluating coins, or going heavily into the benefots of various exchanges – this is just the easiest and quickets way for someone to get into bitcoin with a small amount of cash. There is plenty of information on the more elaborate methods elsewhere on this website, but this is how to just get yourself underway.

Basically all you need to do is visit one of the big exchanges such as Coinbase, create an account and enter your credit card details, and buy $100 of the three major coins, i.e. Bitcoin, Litecoin and Ethereum. I know there are hundreds of coins you could choose, and lots of people will tell you to look at some of the smaller alt coins that might have huge jumps in the future, but we are talking about establishing the foundation of your portfolio here, so a lower risk and more secure long term plan is best. Stick to the big three as I have indicated and you will do fine.

That’s basically it. You should already have a wallet either on your pc or a hardware wallet – hardware is much safer, so look for a Trezor or Ledger Nano, and your coins will be as safe as possible.