How to Buy Bitcoin Safely and Securely - Step By Step Guide - How to Store Bitcoin Safely
There are many on ramps to buy Bitcoin nowadays. In the origin days of Bitcoin, one would have to sometimes take unusual measure to meet IRL with cash or use obscure websites. Nowadays it has gotten a lot easier and safer to buy Bitcoin.
Here are a few easy steps to follow and then below you can find some trustworthy websites to use to use.
Step 1:
Create an account on an exchange
Step 2:
Transfer fiat to the exchange
Step 3:
Once fiat has transferred (some exchanges allow you to make crypto purchases instantly), then make a purchase at the Market price or a desired price using a Limit Order.
Step 4:
Once the order has gone through, the Bitcoin will be held in your account, but still on the exchange.
Step 5:
Transfer the Bitcoin to your private wallet
Done.
Here is a list of safe and secure exchanges:
Coinbase.com
FTX.com
Crypto.com
Kraken.com
Binance.com
Binance.us
Here is a list of Hardware wallets:
Ledger Nano S
Ledger Nano X
Trezor
(note: never buy a used Hardware wallet. Only buy brand new from the manufacturer.)
List of hot wallets:
Trust Wallet
Metamask
MEW (My Ether Wallet)