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HOW TO BUY BITCOIN 2019 - Easy Ways to Invest In Cryptocurrency For Beginners! - YouTube
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so you want to buy some bitcoins or
cryptocurrency but you just don't know
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how to do it you don't want to mine for
it you just want to spend some of your
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hard-earned money on Bitcoin and in this
video I'm gonna show you exactly how to
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do that the easiest and the most simple
way to do it
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my name is Bruce Wayne I usually make
videos about personal finance my real
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estate investments and my some of my
stock investments but in this video is
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gonna be more specific about
cryptocurrency I started investing into
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cryptocurrency and specifically Bitcoin
in 2017 late 2017 and I have some
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experience when it comes to it I know
how to buy Bitcoin and all the other all
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coins is very simple and I even also
know how to mine Bitcoin itself but in
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this video I'm just gonna teach you how
to buy some bitcoins the easiest and
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most simplest way to do so so the first
thing you're gonna need is either a cell
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phone or a computer with internet
connection and you want to download the
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app called coinbase
and the first thing you're gonna do is
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you're gonna want to download coinbase
this is exactly what coinbase looks like
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it's just like a little blue square with
a c' on it and there we go let's open
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this coin base and see what we got here
so coin base has to be the most easiest
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most simplest way non scammy way you
guys can get into Bitcoin yet one thing
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about cryptocurrency in general is that
it is full of scams it is full of people
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trying to take your money but for
whatever reason you want to buy some
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Bitcoin Bitcoin is the most well known
cryptocurrency out there it is the
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original cryptocurrency Bitcoin BTC also
known as the BTC and right now the
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current price of Bitcoin is five
thousand four hundred forty five dollars
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and 32 cents in march Bitcoin was around
just under four thousand dollars and now
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bitcoin is touching five thousand almost
five thousand five hundred dollars that
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is a gigantic leap in the price forty
percent gain in the price on the month
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that is ridiculous and that's something
that you can find very commonly when it
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comes to Bitcoin and cryptocurrency and
when it comes to cryptocurrency in
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general Bitcoin is probably the safest
bet when it comes to your investments so
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when it comes to coin base and buying
your big
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points what you want to do is go into
your accounts and you want to go into
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your BTC wallet and in your BTC wallet
or Bitcoin wallet you'll see a Buy
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button and that is as simple as it gets
there after you obviously register for
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your accounts so as you can see here in
my history I'm gonna be scrolling down
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just a little bit I do buy Bitcoin here
and there a little bit and also back in
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the day I used to mine for Bitcoin with
this bad boy right here
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but there are only a few ways to make
money when it comes to pick coin the
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number one way is to buy Bitcoin hold it
and then when it raises in its value you
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can sell it the second way is to mine
Bitcoin mining it it's a lot harder
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mining it does come with a lot of
disadvantages as well I think the
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easiest way to do it is just a bite but
mining it you need to buy hardware you
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need to hook it up to the internet and
you also need to spend a lot of time and
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a lot of energy and a lot of money when
it comes to mining but it is a fun hobby
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and the third way to do it is to trade
and you can trade Bitcoin on coinbase
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Pro just look it up is is connected with
coinbase so whenever you sign up with
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your account on coinbase you have only
bait you'll have an account on coin
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based pearl if that makes sense to you
so just looking through my history you
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know I don't do too much trading I don't
do too much buying recently because
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we've been in a bear market for a very
long time and it's very difficult to do
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all that type of stuff in a bear market
but when it comes to Bitcoin and
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cryptocurrency in general we can see
that there has been some life given to
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Bitcoin and it is raised over 40 percent
in the last month when it comes to
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anything in green that means my wallet
is getting filled with Bitcoin and when
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it comes to anything in like gray or I
mean and when it comes to anything in
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like this gray text this means that I
sent Bitcoin to another wallet address
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or I either sold it so yeah hopefully
this proves that I do have some
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experience when it comes to
cryptocurrency and like I said coin base
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is probably recommended like eight out
of ten nine out of ten by most people
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but you will find some cryptocurrency
investors hating on coin base because of
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for various reasons so when it comes to
buying Bitcoin you can buy as much as
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you want but coinbase does limit you to
a certain amount per day per week and
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and that all depends on what level of
identification that you give coinbase
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and for myself I'm able to buy $5,000 a
Bitcoin and I don't recommend anyone
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buying Bitcoin this $5,000 all at one
time if you are going to jump into
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cryptocurrency investing start small and
only invest what you can afford to lose
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that is the that is those are the golden
rules when it comes to cryptocurrency
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investing and selling Bitcoin is
obviously the opposite you can sell as
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much as you as much Bitcoin as you have
I don't think they give you any limits
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when it comes to selling bitcoins so on
the next tab here you can create price
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alerts for whatever bitcoin price that
you want I don't have any notifications
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for any Bitcoin alerts here but in
general I don't have any notifications
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on my phone just because I hate seeing
notifications on my phone and on the
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invite tab you can invite your friends
or people that you want to start
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investing in cryptocurrency and here in
these settings this is what I'm talking
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about when it comes to account levels
I'm at at level 3 which enables me to
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have like all these perks here I'm able
to wire transfer $250,000 into a coin
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base but I don't eat but I don't
recommend anyone doing that that is a
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crazy amount and that is something that
not many people can do in general and
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these are what you have to do to get
these different types of level to get to
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level 1 just verify your phone number to
get to level 2 most likely just need to
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verify some personal information to get
to level 3 you probably need to upload a
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photo ID your license I think I either
updated by either uploaded my license or
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my passport I completely forgot which
one I did this such such a long time ago
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yeah when it comes to cryptocurrency in
general most cryptocurrency investors
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they like to keep their personal
information private and they don't like
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to give it out to all of these companies
so that is also dependent on your level
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of privacy native currency
Suffolk's
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taury country is self-explanatory phone
numbers notifications and when it comes
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to security when it when it comes to
Bitcoin security cryptocurrency curity
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you want to have everything as secure as
possible so you want to you would want
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to have Google Authenticator this
application links up with a lot of your
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other programs as well when it comes to
security so you can link this up with
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even your Gmail account and your your
coin based account and it gives you a
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secret code and it's time-sensitive so I
think each code lasts for like one or
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two minutes so going back to the main
screen on coinbase you guys can see here
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that they have a lot of different coins
now these are called alt coins they're
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an alternative to Bitcoin a theorem is
very well known in the community if
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they're in classic litecoin icon
oh my see go all these coins they
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weren't here two years ago coinbase just
recently listed them on their exchange
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and when it comes to all coins it is
even more speculative and risky to
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invest in those so just be well aware
when it comes to investing in
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cryptocurrency so before I end this
video fair warning to anybody that's
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going to invest in Bitcoin first off I
know that there's going to be a lot of
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comments a lot of spam comments a lot of
scammy comments in the section below I
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can't I can't filter them all out but
there are going to be there don't read
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the comment section it is gonna be
completely crazy everyone that's gonna
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comment on this video is most likely a
scam of some sort so just be well aware
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of that and on the other hand I do not
know that if we're in a bull market I
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haven't been following too closely when
it comes to cryptocurrency because I'm
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just been caught up in other in my other
investments I've more I've been really
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more interested investing in real estate
something long-term something that I can
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do forever and real estate is a lot less
risky than cryptocurrency or Bitcoin and
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even this even stocks are probably a lot
less risky than um
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cryptocurrency just because the stock
market is a lot more mature the last
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thing I want to say is that Bitcoin
jumps up and jumps down in price a lot
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it is very volatile super volatile so
there is an opportunity to make money
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there but I'm not able to do it because
I can't stay on top of it and there are
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a lot of professional traders out there
doing it and I just cannot compete with
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them but if you believe that you can do
it then be my guest
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go ahead just just don't invest more
than you can afford to lose and do your
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own research those are probably the two
best golden rules when it comes to
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investing in general and good luck if
you're interested in more cryptocurrency
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videos you guys can check out this video
here this is a video of my
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cryptocurrency portfolio in general the
last of the last time that I updated it
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and if you're brand new to the channel
don't forget to subscribe I make a lot
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of new content about investing personal
finance and real estate and also leave a
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like why don't you leave a like for me
on the video down below it will mean a
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lot to me and also and also check out
some of the other links in the
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description if you want to support the
channel because I'm doing all this for
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free and the only other way that I can
monetize it is with some of the links in
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the description so thanks for watching
I'll catch you guys in the next video
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bye
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