Getting started with bitcoin

Discussion in 'Getting Started' started by The CC Forums, Nov 21, 2017.

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  1. The CC Forums

    Staff Member

    We just posted a quick summary on ways to buy bitcoin. It's an overview of 5 methods to get started, from buying on exchanges to using the Grayscale Bitcoin Investment Trust. Read the article here and then be sure to come to this forum with any questions, comments or suggestions for future topics.

    Register for a free account to post. Just visit our registration page:


    The Cryptocurrency Forums. We're here to help.
    Mary Lucy and Zab Technologies like this.
  2. CoinsClone

    CoinsClone Contributor

    Business Analyst
    #2 CoinsClone, Feb 28, 2018
    Last edited by a moderator: Jul 21, 2019
    Superb. Because most of the people are start to invest in Bitcoin. Because it is decentralized currency. You can purchase the product , buy the house using bitcoin. But you need more details while start journey with bitcoin refer bitcoin exchange script .
    The CC Forums likes this.
  3. The CC Forums

    Staff Member

    #3 The CC Forums, Feb 28, 2018
    Last edited: Jul 21, 2019
    Thanks. I plan on updating that article with some of newer ways to get started. So many new exchanges and investment trusts popping that info is outdated 2 weeks after publication. :)
    Zab Technologies and CoinsClone like this.
  4. lubosold

    lubosold Contributor

    Great article with some good info in it. When are you planning to update it?
  5. Environmental

    Environmental Contributor

    Thank you for the article! It was a great read! It's awesome that you are offering support here!
    As far as I understood it, the best way out there to maximize your profit is through a bitcoin exchange account?
  6. Mario Thomas

    Mario Thomas Contributor

    Great read! I prefer creating an account at an exchange will be the easiest and more profitable way to buy bitcoin.
    CryptoTC likes this.
  7. CryptoTC

    CryptoTC Crypto Fat Cat
    Staff Member

    Grooming myself between naps
    Sleeping on a couch, chair, bed, or under a table
    Exchanges are the easiest on boarding route to bitcoin purchase, but not necessarily the cheapest depending on how you buy. Using the trading exchanges like Coinbase Pro, Gemini, Bittrex and Kraken is much cheaper than Coinbase. The investment trusts trade at premiums to the underlying owned coins, and there’s a fee to buy as well as an annual fee quietly charged as an “operating expense ratio.”

    You can avoid all of those fees buying bitcoin directly on one of the trading platforms. Still Coinbase fees are much lower than localbitcoins or ATM’s as noted in that article. With crypto trading in more narrow ranges these days, those fees are a more important consideration than they were when bitcoin was soaring to the moon.

    As the article notes, Grayscale is a good way to have bitcoin in a retirement account. Be careful doing that, though, given the extreme risk and volatility of bitcoin.

    ETF’s will give those interested in bitcoin but concerned about crypto exchanges and the hassles of storing and securing bitcoin an easier way to buy. IF they ever get approved.
    The CC Forums likes this.
  8. CryptoMate

    CryptoMate Contributor

    Investing in Bitcoin now depends on money, we have to accept it :)
  9. CryptoNow

    CryptoNow Contributor

    Thanks for the useful info, it is still relevant for the newbies. I prefer to buy on trustworthy exchanges.
    The CC Forums likes this.
  10. Mary Lucy

    Mary Lucy Contributor

    thank you for help!
    The CC Forums likes this.

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