If you think Bitcoin is complicated, think again. You can buy Bitcoin more easily than you’d imagine, and in well under an hour, too! The first thing you’ll need is a wallet to put your Bitcoin in until you want to use them. There are several options around, but many can be downloaded onto your smartphone or tablet. You only need to download your chosen wallet once, and after that it will always be there for you to use.
Next, you’ll need to buy some Bitcoin. The easiest way to do this is via an exchange. Coinbase is a good option, as is Kraken. It can take a short while to create an account with a Bitcoin exchange, and you’ll need to get your account verified before you can use it. But remember, this helps your account stay secure, and it prevents fraud. If you’ve heard of Bitcoin mining, you may know this is a way to earn Bitcoin if you’re good at solving problems. Mining for Bitcoin means you’ll need to complete tasks to earn them. Another method is to buy Bitcoin with your credit card, which means you can go past the required ID step. It takes longer to get your Bitcoin though – up to 24 hours.
Sometimes, Bitcoin can be purchased and sent straight into the wallet you downloaded earlier. However, if this doesn’t happen, you need only add your Bitcoin wallet address to make the successful transfer. And that’s it – using Bitcoin really is as easy as that!
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