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How do I buy Bitcoin?
Manage episode 479317051 series 3512732
Get Your First Bitcoins
How to buy bitcoin online. Best way to buy bitcoin.
Bitcoin is primarily a medium of exchange — money you own and control directly. To hold it, you’ll need a wallet. Unlike banks, Bitcoin puts you fully in charge of your money. That’s powerful, but it comes with responsibility. There’s no helpline, no CEO, no financial ombudsman — just you. History shows why this matters: in 1930s Germany, Jews fleeing the country were only allowed to leave with $4 — about $90 today. In more recent times, governments in countries like Venezuela, Zimbabwe, and Iran have frozen or devalued citizens' savings overnight. With Bitcoin, no one can take your funds — but you must learn how to store them properly.
To get started, try the Wallet of Satoshi, one of the easiest ways to receive your first Bitcoin. Ask a friend who uses Bitcoin to send you $100 and pay them back with a bank transfer, cash, or dinner. As you go deeper, explore more secure options like hardware wallets — devices that keep your Bitcoin offline and safe. A popular choice is Trezor, which offers simple, secure cold storage for long-term holding. Later, you can look into multi-signature storage for even greater protection.
Get intouch with Myles at [email protected]
77 episodes
Manage episode 479317051 series 3512732
Get Your First Bitcoins
How to buy bitcoin online. Best way to buy bitcoin.
Bitcoin is primarily a medium of exchange — money you own and control directly. To hold it, you’ll need a wallet. Unlike banks, Bitcoin puts you fully in charge of your money. That’s powerful, but it comes with responsibility. There’s no helpline, no CEO, no financial ombudsman — just you. History shows why this matters: in 1930s Germany, Jews fleeing the country were only allowed to leave with $4 — about $90 today. In more recent times, governments in countries like Venezuela, Zimbabwe, and Iran have frozen or devalued citizens' savings overnight. With Bitcoin, no one can take your funds — but you must learn how to store them properly.
To get started, try the Wallet of Satoshi, one of the easiest ways to receive your first Bitcoin. Ask a friend who uses Bitcoin to send you $100 and pay them back with a bank transfer, cash, or dinner. As you go deeper, explore more secure options like hardware wallets — devices that keep your Bitcoin offline and safe. A popular choice is Trezor, which offers simple, secure cold storage for long-term holding. Later, you can look into multi-signature storage for even greater protection.
Get intouch with Myles at [email protected]
77 episodes
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