Over the last couple of years, we have seen an increase in the interest of cryptocurrencies. In particular Bitcoin, Litecoin and Ethereum. Late 2017 it all went viral and the prices on the coins increased rapidly and it becomes familiar to almost every household. It was a huge thing and people made a lot of money of that hype. Since early 2018 we have seen the prices decline and also the hype is gone, many people think at least. Even though the hype is over the market cap of the crypto market is still over 120 billion dollars and is steady.
To get started with cryptocurrencies there are some requirements that need to be met:
- You have to be at least 18 years old.
- You will need to be able to identify yourself with any type of ID
- You will need a credit card
If the requirements above are met then you can continue the guide on how to obtain your first bitcoins.
We will today use coinbase, the biggest marketplace to buy bitcoins and some other coins. First of head over to https://coinbase.com/ and register for an account. After the initial registration you will be able to login to your account and then you have to identify yourself with ID, passport, drivers license or any other option they have. When you have done that it will take some time to get approved by the approval team. Once you have verified your identity with an ID card or one of the other options and got approved you are ready to buy your first crypto coin. Preferably bitcoins, but you could also choose from several other coins like Ethereum, Litecoins and bitcoin cash. We recommend bitcoin as the first coin to buy since it is the biggest and is currently holding around 50-52% of the total market cap of cryptos.
Note: We do not take any responsibility for possible losses. The article above is just a guide to help you get started, we always encourage you to make your own researches before you start buying coins and trade with them.