Ledger Nano X
Trezor Model T
First let me clarify, there are basically two ways to acquire BTC: Bitcoin trading and Bitcoin mining. Same rule applies to other coins.
How to get Bitcoin?
Here are two major ways to get bitcoins:
Bitcoin Trading
Bitcoin trading is very easy. All you have to do is pick one of the top cryptocurrency exchanges, create a Bitcoin wallet address, choose a Bitcoin exchange, complete KYC process, fund your account and buy Bitcoin.
There are numerous cryptocurrency exchanges out there that let you buy, sell and store Bitcoin safely. Beware of fraud Bitcoin exchanges, always choose a genuine cryptocurrency trading platform.
There are two types of exchanges: international exchanges and country based exchanges. You can buy Bitcoin from any of them. To stay safe always buy from a reputed cryptocurrency exchange.
Bitcoin Mining
Bitcoin mining is somewhat difficult because you'll need to buy a Bitcoin miner machine that can help you mine Bitcoin. In mining, you don't buy bitcoins instead you earn them. Earlier normal computers could be used to mine BTC but now time has changed, latest mining machines have come.
Today, if you would like to start Bitcoin mining, you will need to buy special Bitcoin miner machines like ASIC Miner or high end computer with strong graphic cards.
This method requires initial investment and ready to pay huge electricity bills.
Bitcoin Mining is somewhat tricky than buying Bitcoin. Therefore, it's advisable that if you're not a techie and just want to invest your money to get higher returns then choose a Bitcoin trading platform.
Top cryptocurrency exchanges take small fees say 1-2% and these help you buy, sell, and store cryptocurrencies.
There are also some other ways of acquiring BTC for example referral marketing in which you have to refer clients to cryptocurrencies exchanges and in return they offer you sharing in trading fees.
Comments
Post a Comment
Have a question? Just ask in comment box, we're always here to help you.