Bitcoin is without any doubt the most popular and dominant cryptocurrency in the world. Because of rise in the price of Bitcoin and other cryptocurrencies in recent years more people are looking to invest in it. The great thing about Bitcoin, Ethereum and other cryptocurrencies is that you don’t have to spend a large sum of money to acquire bitcoin and other cryptocurrencies.
You can start on a small scale just with $50-100 or whatever you can easily afford to invest.
Before we proceed I would like to give you an overview of things which you’ll need in order to obtain bitcoin.
First of all, you’ll be needing a Bitcoin Wallet Address. You can either download a mobile or desktop application and generate a bitcoin wallet address where you can easily store your bitcoin or any other cryptocurrencies.
Exodus is one of the most popular software wallets which you can easily install on your laptop or desktop PC.
There are many popular mobile wallet application which you can download for free on your Android and iOS mobile or tablet. Bread (BRD) wallet or Abra is one of the best mobile wallets and both of them are free to download and use.
Abra wallet also allows you to purchase cryptocurrency using Bank Transfer and also using eligible American Express card.
You can also download these software wallets on your desktop or laptop.
However, I would recommend that if you’re serious about investing in cryptocurrencies and making a long-term investment then you should purchase a Hardware wallet such as Trezor or Ledger Nano S for storing your cryptocurrency such as Bitcoin, Ethereum, Litecoin, NEO and 1000s of others securely, these hardware wallets are encrypted and it is impossible to hack them. A good hardware costs anywhere between $80-100!
If you’re not sure whether to invest in a hardware wallet yet you can generate a Paper Wallet address instead. Which is 100% free but make sure to keep your paper wallet safe and store it offline.
How To Purchase Cryptocurrency Instantly Online?
There are some sites such as Coinbase and Changelly which allow you to purchase cryptocurrencies online instantly using a Credit or Debit Card. Coinbase is one of the best and most popular websites when it comes to purchasing Bitcoin and other cryptocurrencies online. Their fees are significantly lower than all the other service providers.
We’ll be reviewing all the popular cryptocurrency exchanges and marketplaces. To help you find a suitable solution!
