Finance Uncategorized

Everything you need to know before investing in Bitcoin

How to start using Bitcoin

  1. Inform yourself

Bitcoin is different from what you know and use every day. Before you start using Bitcoin, there are some guidelines with which you need to familiarize yourself to use it safely, in addition to avoiding common mistakes. One of the important tips is information, keep abreast of major updates.

 

  1. Choose your portfolio

You can use a Bitcoin wallet in your daily life with your mobile device or you can have a wallet only for online payments from your computer, or the most recommended is a physical wallet, In any case, you can choose your wallet in a minute. But nevertheless do not keep all your money in a purse on a cell phone without having the proper support, as a personal recommendation if you are going to have more than $ 40 thousand pesos, I recommend you buy a physical purse that costs between $ 3 thousand and $ 5 thousand pesos, there are currently two brands of wallet hardware wallets that I highly recommend which are Ledger and Trezor you can find other bitcoin portfolios for your computer, cell phone or web here.

  1. Get your bitcoins

You can get bitcoins by accepting them as payment for goods and services or by buying them from a friend or someone close to you. You can also buy them directly from an exchange house with your bank account.

In Mexico there are 2 known exchange sites which I will describe below:

https://bitso.com/ (my favorite)

Easy to make deposits, withdrawals through instant SPEI and without commission, you also have the option to make payments through the Oxxo or 7Eleven with a time between 1-4 hours and a 2.9% commission. Bitcoin price cheaper and you can do trading.

volabit.com

A bit more complicated to use, and has a fixed purchase and sale price only, you can not place a purchase order at a different price than the current one.

 

If you live in the United States and want to buy Bitcoin with a credit card or from your bank, you can do so through Coinbase.