How do I invest in bitcoin?
How do I invest in bitcoin?
user
That’s a good question! There are a couple different ways to buy bitcoin:
assistant
So if I use Coinbase I can transfer money from my bank account to buy bitcoin on the exchange?
user
Right! In fact, if you do this the first time, Coinbase will give you some free bitcoin. That’s how they make their money! Here’s a video to show you how to buy bitcoin on Coinbase:
assistant
What do I do after I purchase bitcoin? Can I move it from Coinbase?
user
That’s a good question. One thing you can do with bitcoin is “sell it” to buy other cryptocurrencies or other goods and services. You can also buy other cryptocurrencies and trade them for bitcoin. Here’s an article with more information about that:
assistant
What is cold storage? I heard this is how you can keep your bitcoins safe after your purchase them.
user