Get now your copy of Bite-Size Bitcoin

  • how to get started with bitcoin
  • avoid scams and get to know the biggest hacks
  • find out regulatory requirements
  • 169 pages of packed information
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First Time

Buying Bitcoin?

First Time Image

Research: There are a staggering number of exchanges, so it’s important to choose one that has the features you’re looking for – whether that’s a big selection of altcoins or top-notch security

Things to identify before you choose an exchange:

  • The amount you plan to trade
  • What coin you want to trade
  • What perks you’re looking for (rewards program, visa card, etc)
  • How focused you are on security
  • What country you’re in

Once you have a good idea of what you’re looking for, choosing an exchange will be much easier.

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Sign up: Buying crypto is slowly but surely becoming a highly regulated process. Due to Know Your Customer (KYC) and Anti-Money Laundering (AML) legislation, it’s a safe bet to say you’ll usually need to provide proof of residence and some form of government ID. The verification process can be frustrating, but you’ll get through it eventually (keyword eventually). Verification can take anywhere from 30 minutes to 12 days, so don’t go in expecting to start trading immediately.

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Security: Once you’re verified and fully set up, make sure your security is in order: if you don’t already have one, get a password manager. Always set up two-factor authentication and read the exchange security recommendations. The crypto ecosystem is famous for scams and hacks. No matter how safe the exchange you use is, if you’re not following best practices your hard earned money can disappear. Remember, crypto exchanges aren’t like banks, and transactions aren’t reversible; if your funds are stolen, it’s likely you won’t get them back.

If you’re very worried about this, it might be worth it to prioritize exchanges that have insurance and look into using cold wallets.

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Funding: You made it! You’ve signed up, verified your account, locked it down and made it difficult to hack. You’re now ready to purchase crypto. Most exchanges allow you to purchase crypto via card or bank transfer, though with differing fees. Select the coins you want to purchase, and start buying.

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What’s next: You’ve gotten an account and funded it – now you can really start trading and tending to your investments. Different exchanges offer different financial services. If you’re feeling adventurous, you can look into margin trading or futures. You can also diversify your portfolio by spreading your investment over several coins. Many exchanges offer perks and rewards programs, so now is a great time to look into those.

Have fun, keep informed, and invest carefully.

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FAQ

New to crypto? Here’s our guide!

FAQ Image #1 01 Why Bitcoin? It seems like the buzz around Bitcoin just keeps growing. Bitcoin is a constantly evolving technology with a passionate community. What is it about the digital asset that makes it such a controversial topic and attractive investment?
FAQ Image #2 02 How to Get Started with Bitcoin It can be difficult to get past the technical jargon surrounding bitcoin (BTC) and other cryptocurrencies in order to figure out how you can buy and store them. Beginners can purchase Bitcoin, for example, on many exchanges using fiat currency like U.S. Dollar, Euro or British Pound.
FAQ Image #3 03 Blockchains 101 Blockchains are a type of database where data is stored in blocks that are chained together. As new data comes in, it is entered into a block, which is then chained to the previous block. The Bitcoin blockchain serves as a ledger that records every Bitcoin transaction in history.
FAQ Image #4 04 Bitcoin in the Real World Ok - you’ve found an exchange, bought your Bitcoin, and stored it safely. What’s next? By now you can buy just about anything with Bitcoin if you try hard enough, from Amazon gift cards to an old master painting. You can also convert your BTC to fiat with ATMs, an exchange, and more.

What people say about us

Aayush Bhatnagar JIO - Senior Vice President

Coincub is a novel crypto exchange aggregator that helps investors to compare different exchanges before taking their decision.

James Gillingham Co-Founder and CEO at FINXFLO

The most comprehensive analysis I found. Have a look, you might be surprised.

Jonathan Knegtel CEO Blockdata

Coincub looks dope! Nice one!