With the increased adoption of cryptocurrencies, bitcoin and other cryptocurrencies
are gaining global recognition and those who rejected it in the past referring to it as
a bubble are now looking for how to get into bitcoin and other cryptocurrencies for
profits. They have now come to embrace the fact that cryptocurrencies are assets
just like gold and other commodities but unique in their own as they are stable even
in times when most assets and fiat currencies suffered due to economic meltdown.
However, to get in bitcoin or any other cryptocurrency one would require a wallet
where crypto assets are stored for safety and to ease transaction process, but each
crypto asset requires it own wallet, hence you would need more than one wallet if
you wish to own several crypto asset. Huh! I know the next question that comes to
mind is how do I get a crypto wallet?
How to set up a crypto wallet
There are two types of wallet hosted and non-custodial wallets, but in this write up I will be making reference to the hosted wallet as I strongly recommend this for a beginner looking for how to get into bitcoin because it is easy to set up and a third party (exchange platform) helps keeps your crypto asset, similar to how a bank keeps your money in a savings account.
The first step in setting up a crypto wallet is choosing an exchange platform. In
choosing an exchange platform you consider the safety of your assets, how easy it is to navigate on the platform and compliance with government regulations. Next is to create your account using a secured password, a combination of alphabets, numbers and special characters will be a wise choice, however it should be something that you won’t forget. You can also proceed to enable 2-Factor verification for an added layer of security.
Once you have set up your account and have your wallet address, you have options of either mining for bitcoin ethereum or any other crypto asset you wish to own, performing tasks and being rewarded in cryptocurrency or proceed to any of these platforms Nairaload, Coinbase, Exchangeindeed to buy bitcoin ethereum USDT or any other cryptocurrency you wish to own
Bitcoin is the most popular cryptocurrency and if you are on the look on how to get into bitcoin i recommend you use Exchangeindeed because they are a reliable exchange platform with a user friendly interface that you can navigate easily. Wishing you the best of luck on this journey and always remember that not everyone knew how to get into bitcoin when they started out at first, you can join crypto forums to learn more about the world of cryptocurrency.