How To Get Started On This Crypto Journey
I hope that you have been doing some research on what I have been posting.
I have had a few people ask about How to get started on this journey, you will have to sign up for a digital wallet(bitcoin exchange), there are many out there to choose from.
Luno
Luno
https://www.luno.com/invite/E3GA7 (Malaysia, Europe, South Africa, Nigeria, Indonesia )
Coinjar
https://www.coinjar.com/_ref/@AmozChai here is my link to Coin Jar
Above are a few links to a digital wallet that I use quite often, in Australia there is also BTC markets, coin tree.. have a go click the link and read up on the T&Cs and Fees.
If those platforms link above does not support your country's currency seek your best friend Google search"bitcoin exchange for..insert your country.." verification (KYC) know your customer, this is a requirement in most countries when signing up for this platforms. Word of warning, it can be a bit frustrating sometimes getting verified.
whats this verification process? you will need prove your ID
and prove that your place of residence(where you stay), you will need to produce your ID card or Drivers license or passport, then a official letter (bank, tax, bills, invoice ..) with your name and address on it to prove where you live.
and prove that your place of residence(where you stay), you will need to produce your ID card or Drivers license or passport, then a official letter (bank, tax, bills, invoice ..) with your name and address on it to prove where you live.
frequent questions and answers...
"I dont have funds now", "how much is bitcoin? AUD 10k (at the time of writing this).. oh,I dont have that kind of money". Right lets try to make this easy to understand, you dont have to buy the whole coin, just like $1 you can buy the cents and work your way to $1..
"I dont have funds now", "how much is bitcoin? AUD 10k (at the time of writing this).. oh,I dont have that kind of money". Right lets try to make this easy to understand, you dont have to buy the whole coin, just like $1 you can buy the cents and work your way to $1..
"How much money do I need to put in to get started?" as much as you like or as little as you like I think the smallest is about $5 (please dont quote me on this), again this comes down to please read the T&Cs
Once you have been verified, you can ether link your bank account to it or put your CC details in, depends on which platform you choose as they all work differently but does the same function.
How do I transfer money in? There is an option for the platforms in Aust, using Bpay or Poli.
"When is the right time to buy bitcoin?" my answer.... Yesterday, right I dont know. As the BTC market is a very volatile, when you first start you would not know where is the top and where is the bottom, Just buy in to the market $20-50 or what ever you think you are comfortable with, this is so you can gauge the market for the next few days and weeks to get the feel for the market.
Is there other ways to get bitcoin? yes, if you are doing any types of business start accepting Bitcoin for transaction, You will have to read up on Tax of your own country to comply with the law. (I would love to chat about this more and we can explore this method together.)
Hope this information has been of value, do comment or emoji if it has. All questions are welcomed in the comment section, if I have missed something or a bitcoin exchange do add in the comment section too. there is an option of PM/DM me your questions too.. Much appreciated, till the next post..
Cheers.
Cheers.
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