How do I Get Bitcoin?
There are several ways to get Bitcoin, but the most common is to buy Bitcoin from a Bitcoin Exchange…
Buying Bitcoin via an Exchange
The first step in your Bitcoin journey is to acquire Bitcoin through regulated Bitcoin Exchanges like Strike or CoinCorner . This can be done by using bank transfers or debit/credit cards to buy Bitcoin on these exchanges.
Buying Bitcoin on exchanges is a straightforward process. Simply create an account, verify your identity, and then you can start purchasing Bitcoin using the payment method of your choice. This is a great way for beginners to get started with Bitcoin, as these platforms provide a user-friendly interface and robust security measures.
YBJ001 - How To Get Your First Bitcoin via Strike
In the first video, Don takes your through the process of setting up a Strike Account, Navigating the FCA questions, Funding your Strike account and buying your first Bitcoin. Whilst it's always best to keep hold of your Bitcoin, the video also demonstrates how easy it is to transfer your Bitcoin back to GBP if you really want to!
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YBJ002 - Accumulating Bitcoin
In this comprehensive guide, Don breaks down two essential saving strategies for building your Bitcoin holdings: Smash Buying and Dollar Cost Averaging (DCA).
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YBJ003 - Moving Bitcoin To Cold Storage
Once you have purchased Bitcoin, it will be held by the Exchange on your behalf. You may be comfortable with this for small amounts, but if your Bitcoin holdings increase in value, best practice is to take self custody of your Bitcoin. It's a simple process to transfer your bitcoin to a device that you can control to securely hold and manage your Bitcoin, and prepare you for the next steps in your Bitcoin journey.
Video in preparation