How to buy Bitcoin (BTC) and Ethereum (ETH) in 4 Steps | Financial Education

In this video I BUY and also explain the 4 simple step-by-step of how you can buy Bitcoin (BTC) and Ethereum (ETH) or any other crypto currency.
No need to be afraid of your first time as long as you know what you are doing, so I'm adding some very important safety tips and security concerns.

*BY THE WAY, DON'T FALL PRAY TO SCAMMERS ON THE COMMENT SECTION, I WILL NEVER GIVE OR ASK BITCOINS OR ANY OTHER CRYPTO*

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4 STEPS:
1. Decide where to buy bitcoin
Cryptocurrency exchanges
Many charge a percentage of the purchase price, so do your due diligence.

a) Some popular exchanges include:
Coinbase: (www.coinbase.com) This is a popular choice for U.S. bitcoin buyers, in part because you can easily link your bank account. Charges a spread of about 0.5%, plus a fee. The fee is the greater of a variable percentage based on region and payment type (1.49% for a purchase funded by a U.S. bank account — or a flat fee $0.99 to $2.99)

Binance: (www.binance.com) The world’s largest exchange by volume, charges a 0.1% fee for all crypto trades, plus a withdrawal fee. Generally, you can only make purchases using cryptocurrency, cab also pay by credit card for an additional fee.

Gemini: (www.gemini.com) U.S.-based crypto exchange with transaction fees from $0.99 to 1.49% of your order, depending on the size of the purchase or sale, plus a fee of about 0.5%.

Coinmama: (www.coinmama.com) Coinmama requires a minimum $60 purchase and charges a transaction fee of 5.9% (plus an additional 5% fee for credit card purchases).

b) Traditional stockbrokers
The choices among traditional brokers that give customers a way to buy and sell bitcoin are few right now, other brokers have announced plans to offer cryptocurrency trading in the near future.
You can use Robinhood or Webull, here's a referral link for Robinhood, you get a free stock, I get a free stock: https://join.robinhood.com/filipeg4

c) Other ways to buy or invest in bitcoin
Bitcoin ATMs - These work like normal ATMs, only you can use them to buy and sell bitcoin.
Peer-to-peer bitcoin owners - much like Craigslist, through peer-to-peer tools like Bisq, Bitquick and LocalBitcoins.com
Bitcoin futures - TradeStation offers a way for investors to trade on bitcoin futures, but this is pro-level stuff, not for amateurs.
Grayscale funds - a digital currency asset manager. Two of its investment trusts — Grayscale Bitcoin Trust (ticker symbol is GBTC) and Grayscale Ethereum Classic Trust (ETCG) — publicly traded over the counter, some investors are willing to pay extra to buy bitcoin, without needing to worry about wallets and storage.

+ What to know before you buy
Have information you may need handy
Don’t use a credit card
Bitcoin and other cryptocurrency investments are not insured by FDIC/SIPC
Using a secure, private internet connection is important any time you make financial decisions online.

2. Decide how to store bitcoin
Hot wallet
There are many hot wallet providers, offering a range of wallet types. Here are a few: Coinbase, Electrum, Blockchain, Mycelium
Although some hot wallet providers offer insurance for large-scale hack attacks, that insurance may not cover one-off cases of unauthorized access to your account.

Cold wallet
A cold wallet is a small, encrypted portable device that allows you to download and carry your bitcoin. Cold wallets can cost as much as $100 but are considered much more secure than hot wallets.
Examples: Trezor and Ledger Nano

When creating accounts for your digital wallets and currency exchange, use a strong password and two-factor authentication.

3. Make your purchase
You can buy fraction of coins, BTC for bitcoin and ETH for Ethereum, but there are several other Cryptocurrencies available.

4. Manage your investment
If you like the idea of day trading, one option is to buy bitcoin now and then sell it if and when its value moves higher. But if you see a future for bitcoin as a digital currency, perhaps your investment plan is to buy and hold for the long haul.

Whatever your plan, know that owning bitcoin creates a complex tax situation, so do more research and know what you are buying.

Other keywords: ICO, Crypto, BCH, Litecoin (LTC), Binance Coin (BNB) , Tron (TRX), Chainlink (LINK), XRP, Tether, Stellar, Cardano, Polkadot, EOS, Synthetix, Monero, VeChain, Ripple
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DISCLAIMER: This video is for education purposes only and does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or any digital asset.