{"id":118967,"date":"2020-11-24T11:34:46","date_gmt":"2020-11-24T08:34:46","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/simple-steps-to-get-started-trading-bitcoin\/"},"modified":"2020-11-24T11:34:46","modified_gmt":"2020-11-24T08:34:46","slug":"simple-steps-to-get-started-trading-bitcoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/","title":{"rendered":"# Simple steps to get started trading Bitcoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d87b9b860c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d87b9b860c\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#1_Pick_a_reputable_crypto_exchange\" >1. Pick a reputable crypto exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#2_Sign_up_on_a_platform_and_complete_security_checks\" >2. Sign up on a platform and complete security checks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#3_Dont_forget_to_enable_2FA\" >3. Don\u2019t forget to enable 2FA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#4_Consider_your_preferred_payment_option\" >4. Consider your preferred payment option<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#5_Start_buying_Bitcoin\" >5. Start buying Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/simple-steps-to-get-started-trading-bitcoin\/#6_Dont_keep_a_lot_of_crypto_directly_on_an_exchange\" >6. Don\u2019t keep a lot of crypto directly on an exchange<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Simple steps to get started trading Bitcoin  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvYTUzM2M5OWUtMTBjNi00NDg3LThiZDMtZGM2NDk4NWE4NWJkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>As Bitcoin (BTC) keeps gaining momentum, the fear of missing out on investing in the world\u2019s largest cryptocurrency is growing each day.<\/p>\n<p>On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its all-time high price of $20,000.<\/p>\n<p>As some analysts believe that an upcoming $20,000 threshold is not the end but the start of Bitcoin\u2019s upcoming explosion to a $1 trillion asset, it may still not be too late to get into Bitcoin.<\/p>\n<p>Bitcoin\u2019s supply is c<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed at 21 million coins, but you don\u2019t need to have thousands of dollars to own some. You can get started buying Bitcoin with as little as $15, getting about 0.0008 BTC in return, according to the BTC price at publishing time.<\/p>\n<p>Getting started investing in Bitcoin is not as difficult as you might think. Here are some simple tips to buy Bitcoin easily.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1_Pick_a_reputable_crypto_exchange\"><\/span>1. Pick a reputable crypto exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The first step for buying Bitcoin easily is choosing the right crypto exchange.<\/p>\n<p>You might have heard of the world\u2019s largest crypto exchanges like Binance and Coinbase, but there are about 400 crypto exchanges globally, according to major crypto data website <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/rankings\/exchanges\/\">CoinMarketCap<\/a>.<\/p>\n<p>When choosing a digital asset exchange to buy Bitcoin, check whether the company is reputable and provides services to customers in your country. Using tools like CoinMarketCap or CoinGecko, also check trading volumes on a certain platform. Do some research, read some <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> and updates on a company\u2019s website or <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to get more info like the platform\u2019s transaction fees, deposit methods and security protocols.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Sign_up_on_a_platform_and_complete_security_checks\"><\/span>2. Sign up on a platform and complete security checks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you&#8217;ve picked a crypto exchange, prepare to create an account and proceed with the required verification processes. Opening an account on most crypto exchanges like Binance is free, requiring just an email and a phone number.<\/p>\n<p>Some cryptocurrency exchanges like BitMEX and Coinbase require Know Your Customer checks for certain crypto operations, so you will want to have your passport or another form of official identification ready.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Dont_forget_to_enable_2FA\"><\/span>3. Don\u2019t forget to enable 2FA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Use a strong password for your account on a crypto exchange and don\u2019t forget to turn on two-factor authentication, or 2FA. Enabled 2FA reduces the risk of a security breach or a hack by putting an additional layer of security on your account. Google Authenticator is one of the most popular 2FA applications providing users with two-step verification on a phone.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Consider_your_preferred_payment_option\"><\/span>4. Consider your preferred payment option<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There are a number of ways to buy Bitcoin for fiat currencies like the U.S. dollar or euro. Some crypto exchanges allow people to buy Bitcoin using a debit or credit card as well as a bank account. Using one of these methods will require linking an account or a card to your account on the platform.<\/p>\n<p>Some global exchanges also allow users to buy Bitcoin directly from users through a peer-to-peer service, wherein customers browse offers posted by other users.<\/p>\n<p>Other crypto exchanges allow users to buy Bitcoin via third-party payment solutions like Simplex and a few major payment companies like PayPal also allow crypto purchases.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5_Start_buying_Bitcoin\"><\/span>5. Start buying Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Now you are ready to buy some Bitcoin, but first, you should decide how much you want to invest. Remember that it is a high-risk investment and it&#8217;s better to start with significant research and an honest calculation of how much one is willing to risk. Major investors and entrepreneurs like Mark Cuban have previously recommended investing up to 10% of one&#8217;s savings in Bitcoin.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"6_Dont_keep_a_lot_of_crypto_directly_on_an_exchange\"><\/span>6. Don\u2019t keep a lot of crypto directly on an exchange<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Once you own some Bitcoin, take care of your crypto. By keeping holdings on a cryptocurrency exchange, users risk losing access to them due to a number of reasons like a possible hack or security breach, which can result in frozen withdrawals or other issues.<\/p>\n<p>To keep your Bitcoin safe, consider using a cold wallet or paper wallet. Read Cointelegraph\u2019s piece on how to keep your crypto safe for more tips about crypto security.<\/p>\n<p><em>Disclaimer: Bitcoin investment is associated with a high level of risk, and may not be suitable for all investors due to high volatility of BTC prices. Prior to investing in crypto, you should carefully consider your investment objectives and risks to lose money.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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On Nov. 18, Bitcoin (BTC) broke a $18,000 price mark for the first time since December 2017, less than a 10% away from its&#8230;<\/p>\n","protected":false},"author":1,"featured_media":118968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/a533c99e-10c6-4487-8bd3-dc64985a85bd.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74863,74860,74355],"class_list":["post-118967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=118967"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/118967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/118968"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=118967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=118967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=118967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}