Quick step by step guide on how to get into Cryptocurrency
What is Bitcoin & Cryptocurrency?
Bitcoin is a form of digital currency, created and held electronically.
Crytocurrencies most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
On the other hand, it puts the responsibility with the owner.
How can I buy Bitcoin & Cryptocurrencies?
The easiest way to get started is to set up an account at Coinbase - Here you can buy the 3 most popular Cryptocurrencies: Bitcoin, Ethereum & Litecoin. By using this link you will get an additional 10$ when you transfer a 100$.
You can wire money to your Coinbase account and see your funds added within days. When your funds arrive you can start buying/selling cryptocurrencies.
Make sure you enable 2FA on your Coinbase account to add another level of security.
What is 2FA?
2FA stands for 2 Factor Authentication. This means you use a password to login and afterwards verify by using a 6-digit code on your phone generated by for instance Google Authenticator. You can find the Google Authenticator in the AppStore or Google store.
Where do I store my coins longterm?
You have several possible means to store your private keys, and the best way is to use a (cold) hardware wallet. Meaning you are the only one who has access to it, and it cannot be hacked.
The most popular examples can be bought in our store and are:
Trezor Hardware Wallet
Nano Ledger S
Let us know if you have any specific questions about Cryptocurrency, we are here to help.