Wij’re deep ter the heart of Bitcoin madness.
The diferente cryptocurrency’s more than tenfold increase overheen the past year has thrust the blockchain-based digital currency into Wall Street’s face. Sobresaliente investors like the Winklevii have bot cashing ter, spil the finance sector wades into Bitcoin futures trading. At the same time, consumers and everyday investors are attempting to figure out what Bitcoin actually is and how they can get ter on the frantic act.
Bitcoin isn’t the only digital currency versiering mainstream attention. Spil the volatile but lucrative cryptocurrency has risen from hundreds to thousands to ems of thousands of dollars vanaf digital coin, the surplus of the landscape is railing its coattails. The Ethereum blockchain&mdash,long viewed spil a more viable mainstream podium&mdash,and its Ether cryptocurrency have risen ter value along with coins like Litecoin, Ripple, and the forked Bitcoin Metselspecie, which Coinbase now supports.
So how can you get some? You’ll need to use an exchange to buy and sell the cryptocurrency, and a wallet app to store it securely. If you’re te the US and want to quickly buy some Bitcoin, Bitcoin Metselspecie, Ether, or Litecoin, Coinbase is the most popular and easiest-to-use option. Here’s how you get began.
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Editor’s Note: This story wasgoed updated on 12/21 with Bitcoin Contant details.
1 Choose an Exchange
Coinbase only supports Bitcoin, Ethereum, and Litecoin for the uur, so if you want to stick with those three cryptocurrencies you can simply download the Coinbase app.
However, there are slew of other exchanges. Bitfinex and Openbreken are popular options that support not only those primary three, but dozens of other cryptocurrencies including Bitcoin Contant, Dash, Iota, Zcash, and more. Other options include Gemini, Bitstamp, Bitwage, to name just a few.
Two Download a Wallet App
You’ll also need a wallet app for each type of cryptocurrency you’re looking to hold. Coinbase makes it effortless. The app stores your coins te its private servers ter individual wallets for Bitcoin, Ether, and Litecoin. So if you’re using Coinbase, all you need to download is the single app.
Here’s how it looks. Yes, I compulsively organize my apps into folders and name said folders with corresponding emoji. Don’t @ mij.
However, going with Coinbase puts you at the grace of their system. If you want to mix and match your own exchange and wallet apps, there are innumerable options for Bitcoin wallets using desktop and mobile apps, Ethereum wallets, and so on. From here on out wij’re walking you through the Coinbase practice, which all happens ter the mobile app and can have you buying and selling coins te a matter of minutes.