How to buy Bitcoin with USD
Have you been watching the value of Bitcoin lately? If you have, then you’ve probably noticed that it’s had a steep drop in the last month. That’s bad news for people who are holding a lot of the cryptocoin. For me, it’s not so bad; hardly any of my portfolio is personally in Bitcoin.
But even if you haven’t been watching it, well, now you know. And it doesn’t take an investing genius to know what should be done once the price of something has a steep fall: Buy!
You not sure how to by Bitcoin with USD? Not to worry, we’ll help walk you through it!
How to buy Bitcoin with USD made easy
Do you have a Coinbase account? If not, then I highly recommend you make one.Coinbase is quite possibly one of the most popular cryptocurrency trading sites to date. A big reason for this is because you can trade USD for Bitcoins here. So, you were wondering how to buy Bitcoin with USD? Well, right here!
If you don’t have a Coinbase account, then creating one is a pretty simple, straightforward process. Just click here and follow the instructions that the website provides for you. Once your profile is all set up, just link your bank info to the site. Use your USD to buy some Bitcoin, and there you go; you have it!
Wasn’t that easy? You’ve taken your first step to becoming a cryptocurrency investor. Whether you plan to use your Bitcoin to buy things, or just watch the value of it grow, is your own business.
However, Bitcoin is just the tip of the cryptocurrency iceberg. There are literally hundreds of other different cryptocurrencies out there; if your plan is to invest, then you should do what all wise investors do: Diversify!
Taking advantage of other cryptocurrencies
Now that you know how to buy Bitcoin with USD, you can expand upon that. To get other cryptocurrencies, you will need a profile on Binance. While Coinbase is great, it also only lists four different cryptocurrencies. Binance, on the other hand, has around one hundred.
If you don’t already have a Binance profile, then click here to set one up. Bitcoin will be the main way that you buy other cryptocurrencies on Binance. So what you’ll then need to do, is transfer some (or all) of your Bitcoin over to Binance. This is pretty easy, and doesn’t take too long. Once you’ve got some Bitcoin in there, then you can use it to take part in many other cryptocurrencies.
Yes, actually. The final thing I would advise you to do, is to sign up on Robin Hood. They’re a stock trading site, but they’ve recently announced their plans to add cryptocurrency trading capability. So to be in on the ground floor when it goes live, sign up now.
Also, check out some of our other blogs to find great information on anything and everything cryptocurrency-related.