How To Buy Bitcoin SAFELY | Step By Step Guide

My guide on how to safely invest in Bitcoin step by step.

My PO Box:
Andrei Jikh
4132 S. Rainbow Blvd # 270
Las Vegas, NV 89103

Many people want to invest and buy Bitcoin, and now is as good a time as ever before in the year 2021. First, as an investor in cryptocurrency, I want you to know that I am biased. I invested in Bitcoin and Ethereum as early as 2014, recently I made a video of me buying another $100,000’s worth, and since then, the balance has grown to over $300,000 at the time of making this video and I think there’s a lot more room for growth.

Step 1. The best place to buy Bitcoin. I’ll start it off with my two favorite brokerages that I invest with, which is Gemini and Coinbase - I have accounts with both - you really can’t go wrong with either one but the signup process is almost identical with each. Safety, simplicity, and value are my priorities. I want my coins to be safe and I want to invest in a trust worthy source, and I want an interface that looks simple.

All brokerages require KYC (Know Your Customer) and AML (Anti Money Laundering) laws to be followed. This means no matter where you invest your money, companies will ask you for your personal credentials like your social security, your phone number, your address, just like any other legitimate brokerage you would use - that is standard.

Step 2. Make your accounts secure by downloading an app called Authy from the app store. This will help with 2 factor authentication in making sure your bitcoins are safe and secure. You can also add a secondary layer of security by adding a biometric key if you have a laptop that allows for it.

Step 3. Once you've secured your account, you have to fund it. Avoid funding or buying Bitcoin with debit and credit cards. They charge a 3.49% interest which is half of what the stock market returns in a year - don't do it. Instead, connect your bank accounts and use either ACH Transfers or Wires. ACH transfers have smaller limits ($15,000 daily).

Step 4. Buying bitcoin. Once you fund your account, you can invest either once, daily, weekly, etc, if you want to average into it over time. Personally, I buy it all at once but averaging in can be a great idea. Once you bought some and you've invested your money, HODL for dear life!

Step 5. Once the Bitcoin settles into your account, which can take some time depending on how you funded your account, you have two main options. A cold wallet, or a hot wallet. The hot wallet is keeping your Bitcoin online, the benefit is that you have nearly instant liquidity, meaning instant access to either buy more, trade more, sell it, or put your money to work and make interest off of it. The downside is you’re taking on a risk and trusting that the exchange or the website you keep your coins on is secure enough to not lose your money.

Step 6. The cold wallet method is storing your coins offline. The benefit? Security. The downside? You're potentially losing money to inflation because your money is just sitting there (luckily it still appreciates but why not earn some passive income on the side?) The Nano ledger is $59 and I would recommend storing your money here once you reach at least $1,000 of a balance. Just remember, only you can set it up, no one else must ever see your secret key phrases.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[estherroman]

Its never too late to start from somewhere, I am lucky to have found this source, it’s the future

[goshenkahde]

There are opportunities to trade Bitcoin unlike other assets. I speak from experience

[fettahbabayev]

Finally someone who is willing to teach us younger guys instead of pushing some bs course on us. Appreciate it

[stevenmark]

I've been searching for a good broker to trade with!!!
Please 🙏 sir how can i find one??

[Wellingtonluzia]

We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.

[preflexregion]

Success is about focusing Your energy on what creates results and using what you already know

[aliciaisabella]

Big thanks to this great investment and passive income team below for your consistent work in assisting my family out off debt and I believe they will keep on doing so

[reecenichols]

The market is gonna follow the early 2021 rally and end in Crypto winter after may...just a guess tho'. Not a fan of rise and fall anymore! People think investing in Crypto is all about buying coin and leaving it to rise...come on! It takes much analysis to be a successful crypto investor. My Crypto portfolio is managed by a pro whose strategy is exceptional! A portfolio I got into with 0.25btc has grown to over 1.5btc in just few months.

[charlesandrew]

I'm honored to have this team around in this hard time Thank you for always supporting and helping me with your investment plans to the fullest!

[maxwelljude]

WHEN YOU INVEST YOU'RE BUYING A DAY YOU DON'T HAVE TO WORK.

[rodneygregory]

Every family has a person who breaks the chain of poverty, I hope you will be that person.

[hyhhhjughhj]

I used to be a complete newbie, I knew nothing about all of this but was always very intrigued by it, that was years ago, today I consider myself a pro and my future is looking brighter every day

[thabileyalezo]

I have been watching some videos and I was thinking about investing, but still don't know where to start from.

[edgy]

When you invest, you’re buying a day that you don’t have to work. I pray everyone reading this becomes successful

[my-nfrj]

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don’t get tempted

[christinelewis]

Hello, what is the best way to get started with crypto trading? I've been making my personal research for a while now.

[robertmyers]

Wow well explained.
Now I see how helpful this platform is gonna be to my situation little relief..

[ucheomenkaelijah]

Hi there, have you had about the updated crypto market, I really tried to buy some days back but I got a big loss 😢

[jango]

You probably won't read this but I just wanted to thank you for including info for european viewers! Please keep doing that :)

[legochecks]

Great stuff and nice video. I watch several youtube videos on how to trade in the stock market but haven't made any headstart because they are either talking some gibberish or sharing their story of how they made it and I do not want to make mistakes by taking risks in my own hands