Welcome to the How To Get Started Using Bitcoin The Ultimate Guide.
It’s me Justin, aka BitcoinVegan.
It’s been a while since I’ve done a blog. However, in contrast to the current bitcoin price, there’s no better time than now to educate the world on bitcoin.
Especially during this bitcoin bear market aka The Crypto Winter lol.
Bear Markets are the best time in the world for bitcoin, yet that’s another blog for another day.
In this quick and easy-to-understand guide, I address the top three concerns I’m hearing that are constantly keeping bitcoin beginners from investing.
After reading this guide, you will know enough to dive right into bitcoin.
LET’S DIG INTO HOW TO GET STARTED USING BITCOIN
1. Is It Too late to get started?
No, bitcoin is an asset that, appreciates over time, with dips here and there.
And because it is scarce and decentralized, it will always be attractive to people to buy lots of bitcoin.
As a result, bitcoin goes up in price due to supply and demand.
Yes, I’m saying this even in the current bear market bitcoin is in. This bear market is the perfect sign that you are still early to bitcoin.
During, the next few months you may hear lots of people say, “IT’S TIME TO SELL BITCOIN”,
or, “BITCOIN IS DEAD, TIME TO MOVE ON”, but I want you to remember that Mass consensus is not an indicator of reality or truth.
Similarly, these statements usually come from people who bought into the “hype train” of bitcoin.
They have no real education on bitcoin and now they’ve over-leveraged themselves and have to sell.
Yes, that can happen, however it doesn’t mean Bitcoin is the problem. Hearing these types of sentiments can discourage beginners from buying bitcoin.
Therefore, my advice will be to seek someone who has proven knowledge and credibility you can learn from.
2. Do I need a whole bitcoin to start?
The media talks a lot about, Elon Musk and Michael Saylor, spending billions of dollars on Bitcoin.
But that’s to fuel the media hype train.
The truth is you don’t need to buy a whole bitcoin or need billions of dollars to buy a bitcoin.
You don’t need $1,000 or even $100 to buy bitcoin.
You can start with as little as $5 or $10 by using CashApp.
And now you’re thinking, “Ok cool, but how?
Following these seven steps below to get the most out of this guide:
You can start using CashApp TODAY, to buy bitcoin follow the examples below.
- Step One, open CashApp, and in the bottom right corner press the bitcoin symbol.
- Step Two This step can be a bit tricky, but it’s not impossible.
So if you’re completely new to this on this page you will scroll down and see a “Verify Identity” button.
To buy bitcoin on CashApp you must complete this step.
Next, submit a photo ID, and wait for verification.
- Step Three:
Upon approval return to the previous screen, and press the buy button.
- Step Four:
After completing step three you now have the option to buy in increments or create custom buys, by choosing the three dots on the bottom right.
- Step Five:
Enter the desired amount you wish to buy, then press next.
- Step Six:
Click “Next”, to go to the confirmation page to confirm the amount you wish to buy.
- Step Seven:
Once you’ve confirmed your buy you will go to the final page where your buy of bitcoin is complete.
This takes us to number three which is…
3. What’s the best bitcoin wallet for beginners?
Again I will have to go with CashApp.
Most people in America are familiar with CashApp so it being the easiest to use for beginners is no brainer.
However, if you’re looking for ownership of your bitcoin, CashApp can not provide you that.
Because you don’t own your private keys.
In the words of Isaiah Jackson (BitcoinZay), No Keys 🔑, No Cheese🧀 .
Above all having, ownership of your private keys is what we call sovereignty in bitcoin.
Everyone has their particular favorites when it comes to wallets.
But if the wallet doesn’t give you access to your private keys, its only real use is to buy bitcoin with it.
Thank you for reading, I hope it served you well.
Just to sum up what you learned today:
- You’re not late to bitcoin, even with the price of bitcoin at 21,000 USD, this is as a good time as ever to give it a shot.
- You don’t need to buy a whole bitcoin or have a lot of money to get started using bitcoin, you can do so with as little as $1 on CashApp.
- The best wallet for beginners to get started using buy bitcoin would be CashApp, but, Cashapp doesn’t provide ownership.
For further information bitcoin wallets watch my latest video on, What Is a Bitcoin Wallet?
Bitcoin wallet tutorial video.