There are Several Ways to Invest in Crypto Currency

• You can Trade like a Day Trader
• You can Buy and Hold
• You can Lend
• You can Mine for it

You can do all of the above. But the most asked question is:

How do I buy Bitcoin?

 

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Unfortunately, there is not a one stop shop to buy with Fiat – Trade – or Sell for Fiat.

You will have to register with two or even more “exchanges:. Coinbase or Ge

The first step is to acquire Bitcoin with US dollars or FIAT Currency

Register with Coinbase and open an account

Coinbase  can link to your credit card or bank.

Even though Bitcoin is trading above 14000 per coin. you can by as little  as a $100 dollars worth or even less.

Now your Dollars have been converted to Bitcoin. Your coins are in a virtual wallet at Coinbase. Also refereed to as your bag.

You can Buy and sell based on price fluctuations as in Day Trading. Very risky!

Buy and sell other alt Coins

You can buy other coins using your Bitcoin on Other Exchanges  Bittrex. com or Binance.com are the one I use. I have also signed up with Coinigy

 

Become a Bitcoin Miner

Miners are the actual computers in the Block chain. Miners can  buy the equipment, plug it in and keep it from overheating and receive fractoins of the coin they are mining.

Cloud Mining

Just what it says. You rent hashes and as your hashes build up you receive bitcoin just like the miner but not as much.

It  may sound confusing and restrictive, Basically you will need several accounts to get into the game.  I would suggest Coinbase and Binance or Gemini.  All three are “exchanges” like stock exchanges where you can buy and sell the coins.

Coinbase – Only lists Bitcoin – Litecoin – Entherioum – and Bitcoin Cash You can buy and hodl (Hold) or use the coins you buy to trade for other coins.

Bittrex – An exchange to buy and sell alt coins with Bitcoin. US Based Limit and Market orders.

 

BInance – An exchange to buy and sell alt coins with Bitcoin. non US Based Limit, Stop Limit and Market orders.

Visit each site and set up an account at one or all of them.  You will need to be registered to start investing.

Note – A smart phone is critical.  You can’t log in without two party verification. Either by SMS or the Google Authentication APP.   A new key is generated every minute or so and you have to type in that key.

NOTE:  In a Nutshell

It is just like opening an account at a Bank except not as easy.

Register at Coinbase  Think of them as the Bank

You can purchase bitcoin there with a credit card or link your bank account.

You can buy $20.00 to thousands at a time.

So if you put in $100, after fees of 3 to 4 dollars you would be purchasing 0.00752576 Bitcoin using the price of $13,287.70

IF the price of Bitcoin goes up then your 0.00752576 is worth more than your $100. If it goes down, well you get the picture.

You can use Bitcoin to hold long term or buy other coins with it on exchanges.
Here is a more detailed explanation by Cici who is not a professional broadcaster but sure sounds like one.

 

Think of the other Coins as Startup Internet Companies back in the 90’s. Some will win and some will fail. Each Coin is like a company that is working on some part of developing Blockchain for businesses.

The very best explanation  of the Crypto world to date is form this guy.

Bottom line – Only play with as much as you can afford to lose.