Alright everyone, so this is my first blog post. I want to start at the very BASICS. A lot of people who try and explain how to make money with Bitcoin explain it in a way that a lot of people don't understand. I am here to explain it from the beginning in a way that is easy to understand! If I can figure it out you can too!
The first thing you are probably wonder is what is Bitcoin/Bitconnect and how do I get them?!
Well that is a easy question and I am going to show you in this post how to buy bitcoin! But before I do that, I want to explain what Bitcoin is for those who do not already know. BitCoin is a online worldwide cryptocurrency. The Wikipedia definition of Cryptocurrency "is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency." I do not want to go into great detail about Cryptocurrency as I want to keep this tutorial simple as possible. To learn more about Cryptocurrency simply look it up on a search engine to read tons of things about it. Follow the steps below to learn how to start buying Bitcoin that we are later going to turn into Bitconnect Coins, another type of Cryptocurrency.
Step One: Make a CoinBase Account!
Click the following link to get started wit Coinbase; https://www.coinbase.com/join/59a6f1c0ed725d028732c37a
Signing up with the above link will get you a free $10 dollars when you successfully sign up and make your first $100 transfer!
It is super easy to get started on Coinbase, just follow the steps on the site to get set up!
Step Two: Once you have an account go to the "dashboard" and it should look like this:
Step Three: Go to settings and add payment method. Honestly what I recommend doing is adding your credit/debit card as I find that is the easiest and fastest way to buy bitcoins. In order to add on your debit/credit card to Coinbase it will make two different small charges onto your card and you have to verify the charge amounts with Coinbase,depending on the time of day and your bank the charges usually come out in minutes. Once you verify the charges you can freely buy bitcoins with your card, although there is a cap of $200 usually for debit/credit cards.
Step Four: BUY BITCOINS! To buy bitcoins you go to the Buy/Sell tab and click the Bitcoin option, select your Payment Method and then select the amount of Bitcoin you would like to buy. In order to invest in Bitconnect later you need to have at least $100 USD which after fees and the exchange rate of going from currency to currency the amount of money of Bitcoin you originally bought will change depending on the price of Bitcoin.
For example if you are trying to buy $6.00 in bitcoin there is a $0.99 fee, so really you are only getting about $5.00 in bitcoin, and the overall amount of bitcoins you have will change throughout the day because of how quickly the value of Bitcoin changes.
And that is all you have to do to buy Bitcoin! Keep tuned for how to make money transferring these Bitcoins into Bitconnect Coins!