How to Buy Cryptocurrency for Beginners

How to Buy Cryptocurrency for Beginners

This is the ultimate guide on how to buy cryptocurrency like Bitcoin, Ethereum, and other cryptocurrency for beginners.

======== TABLE OF CONTENTS ========

Three Important Things to Know About Investing in Cryptocurrency

01:36 – Important things to understand about cryptocurrency
02:27 – The Golden Rule of investing
03:13 – Accessing links to cryptocurrency websites safely

Part One: 9 Steps to Take BEFORE Buying Bitcoin

04:20 – The importance of paper notebooks in cryptocurrency
04:54 – Using paper notebooks for storing sensitive information
06:15 – How to create secure passwords for cryptocurrency accounts
08:26 – Securing your computer before buying cryptocurrency
10:56 – Securing your smartphone before buying cryptocurrency
12:34 – Creating an encrypted email account
14:15 – Two-factor authentication applications
20:47 – Hardware wallets for storing cryptocurrency
22:16 – Instructions on managing cryptocurrency

Part Two: How to Buy Bitcoin and Other Cryptocurrency in 7 Easy Steps

23:29 – Creating a Coinbase account
25:04 – Connecting a funding account to Coinbase
26:15 – Configuring security settings of Coinbase account
27:26 – Verifying your identity
28:22 – Buying Bitcoin, Ethereum, and other cryptocurrency
29:38 – Transferring Bitcoin to hard wallet for offline storage
31:43 – How to transfer Bitcoin back to Coinbase to sell or buy other cryptocurrency

======== VIDEO SUMMARY ========

Part one of this guide is all about the nine steps you need to take BEFORE investing in cryptocurrency.

In the first section, we discuss important concepts you need to understand about bitcoin and cryptocurrency. Then we walk through steps to secure your computer, cell phone, and online accounts with strong passwords and two-factor authentication applications..

In part two of this guide, we walk through the process of actually buying cryptocurrency using one of the easiest, and safest exchanges available: Coinbase.

In the final step, we walk through transferring bitcoin back to the Coinbase exchange to sell for fiat or other cryptocurrencies like ethereum, XRP, EOS, and more.

If you have any additional questions about how to buy bitcoin or other cryptocurrency, feel free to contact me through one of the social media links provided in the Social Media Links section below.

Thank you for taking the time to check out my ultimate guide on how to buy bitcoin and other cryptocurrency for beginners.

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Shawn Murphy says:

Thank you so much for this, and, all your videos, Casey!

Jordan says:

Bout to get on my teejayx6 shit

Micegift says:

Hi! 🙂

I am in the UK and I was looking and brand new to this but obviously with following your advice on only using money that I can afford to lose, I am on a very small budget to start with. I am medically retired and initially looking to short term make some extra money to help pay my bills etc… How easy is it to withdraw money back into my bank account? I am with a mainstream UK bank.

Chrisk335 says:

Great info, thank you!! Maybe an odd question, but can you do all of this withOUT using a cell phone? I'd prefer to use just my landline (VOIP) for 2-factor auth and I do all of my traditional trading on a desktop computer, anyway. No need to involve my cell phone, if not necessary, and one less thing to worry about. Thanks again!

Scott Kurosad says:

Thanks for this very helpful video Casey. This really helped understand. Keep up the great work!

Charles Maou says:

Hi Casey, amazing video but a lot to take on board. What i use is a new SSD hard drive which is only used for crypto, therefore I only plug in the SSD hard drive whenever I want to access my Crypto, the idea here is if the SSD is not plugged in then hackers cant access it, I also have installed windows on this SSD so it's completely independent. My question is, is it possible to use this SSD hard drive to store all my crypto as cold storage or do I actually need to buy a cold storage wallet. Thanks

Nora Huss says:

Casey this is an awesome video and we really appreciate you sharing your knowledge!! We are considering buying a dedicated Chromebook and a prepaid cell for these transactions . Any comments on this plan. It seemed like the safest thing to do. Our current computer and cell phones aren't secure enough.

Sophia Heide says:

the most reliable hackers I have seen in recent years is kloviactools net

J Duke says:

Why authy over Google?

E says:

Hello! Thanks for the video! I'm still wondering how to use Bitcoin, like when on the deep web and you're wanting to purchase something, do I use my coinbase account and link it there?

Edward Dijkstra says:

how many sponsors

Adam Coulson says:

Is there any sort of scams with bitcoin to be on the look out for, eg. Buy 100 dollars and we will give u 350 dollar profit?

Dillon Piotrowski says:

Wow your adorable

murat coskun says:

Hi Casey thanks for this. I saw Coinebase website do not support in transactions(buying & selling BTC) in Germany . can you please let me know then how can I use my account in Germany? thanks .

gautam vidyarthi says:

This was so helpful, thanks Casey 🙏🏽

adrian eland says:

Great video. Can coinbase be used in other countries. I.e australia?

Jay Way says:

Damn… all these steps are overwhelming, 😪 I’m just gonna join the hackers✌🏽

7lllll says:

the urls in the description are not working, what's going on?

Aldebaran 369 says:

Yes very good I plan to free myself from economic hardship using crypto currency.

Free Syria From Rubbish says:

for buying stellar, which wallet should I get ? Thanks

J BULLIONAIRE says:

Very informative and detailed. Love the emphasis on security as well. Thanks

Alex Ayala says:

Are you sponsor by the websites you mention on this video???

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