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How Do I Get Started?


Most Common Questions

Are CryptoCurrencies A Stock?
They are all technically currencies, although some are more geared towards purchasing like Bitcoin, or Litecoin. While there are others like Ethereum or Ripple that aim to solve enterprise problems.
There are even coins that aim to save the planet like Earth Coin or change the way we interact like Steem It
Where Do I Buy Bitcoin and Other CryptoCurrencies?

We Suggest Using:

Coin Base

Bonus: Not only by using coinbase can you buy coins AND use their wallet but If you use the link above, they give you $10 for free when signing up and funding your account with $100 or more.

There is also Coinmama who allows credit card purchase and fast verification after uploading ID

Coin Mama

You Could Also Try CEX.IO,Paxful, or BitPanda

Is There A Brokerage To Trade Cryptocurrencies?

We Love Binance

Binance

Bonus: This is one of the only places you can buy IOTA and they have a ton of different alt coins to diversify your assets. Use our link above for a discount

What is the safest way to store your cryptocurrencies?
The safest way to store them is on a Ledger. The ledger supports many cryptocurrencies as well as all ERC-20 tokens. Ledger Nano S - The secure hardware wallet
Is Buying Bitcoin Safe?
Of Course! Buying Bitcoin is extremely safe. Online, if you want fast and trouble free purchasing, try out like:

Coin Mama

the only exception is buying bitcoins locally at an in person meet up. We would advise using a safe service like:

Local Bitcoins

CEX.IO is also a good option for a digital purchase Buy Bitcoins with Credit Card

CEX.IO

Why should I use Bitcoin or other cryptocurrencies? I already have a bank account/credit card/Paypal account.
Currencies are a non-fiat currency which means they are much harder to inflate by any one nation in the world. Many believe bitcoin and other crypto currencies to be the "money of the future" as it eludes that typical manipulation.
Are bitcoin and other cryptocurrencies legal?
Yes, cryptocurrencies are 100% legal to purchase and own.
Is Bitcoin anonymous?
Some coins do track who is using their coins and wallets and some do not. We would suggest checking with the individual coin to verify.
Won’t governments try to kill Bitcoin?
Government's are mixed about cryptocurrencies. Some love them, some hate them. Countries like Japan, Germany, Russia, India, and China have already stated they will accept them on a national level as currency starting this year.
Do people have to pay taxes on Bitcoin?
Around the world, tax authorities have tried to bring forth regulations on bitcoins. The US Internal Revenue Service (IRS) and its counterparts from other countries are mostly on the same page when it comes to treatment of bitcoins. The IRS said that the bitcoin should be treated as an asset or an intangible property and not a currency, as it is not issued by central bank of a country. Bitcoin's treatment as an asset makes the tax implication clear. The IRS has made it mandatory to report bitcoin transactions of all kinds, no matter how small in value. Thus, every US taxpayer is required to keep a record of all buying, selling of, investing in, or using bitcoins to pay for goods or services (which the IRS considers bartering). Because bitcoins are being treated as assets, if you use bitcoins for simple transactions such as buying groceries at a supermarket you will incur a capital gains tax (either long-term or short-term depending on how long you have been holding the bitcoins). When it comes to bitcoins the following are different transactions that will lead to taxes:
  • Selling bitcoins, mined personally, to a third party.
  • Selling bitcoins, bought from someone, to a third party.
  • Using bitcoins, which one may have mined, to buy goods or services.
  • Using bitcoins, bought from someone, to buy goods or services.
What is mining?
With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine. Bitcoin mining is the process of adding transaction records to Bitcoin's public ledger of past transactions or blockchain. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

We Suggest Using:

Genesis Mining

Bonus: Get a discount with our link provided.

What can I use cryptocurrency for?
You can use cryptocurrencies to shop on many sites including overstock.com, TigerDirect, and soon Amazon. Some brick and mortar stores also now accept cryptocurrencies with that rate expected to double in the next year.
How guaranteed is the money invested for a return?
As guaranteed as an investment ever can be. But seriously, this isn't a guarantee but it is far from gambling on a stock. This is the future of currency on a global level. The time is now.
Can I make lots of money mining Bitcoins?
The days of mining for profit on most coins are gone. However if you are willing to take a risk on mining altcoins yet to develop value, the impact can be huge.

We Suggest Using:

Genesis Mining

Bonus: Get a discount with our link provided.

Have more questions?
Email us at [email protected] OR

Comment Below And We May Make It A Post

First things first...

  1. You will need a wallet


    • Should Be Secure
    • Should allow fast transfers
    • Should be easy to use

    • we suggest using:

      Coin Base

      Bonus: Not only by using coinbase can you buy coins AND ise their wallet but If you use the link above, they give you $10 for free when signing up and funding your account with $100 or more.

  2. You Will Need A Trading Account...


    • Should Be Secure
    • Should allow fast transfers and trades
    • Should be easy to use and preferably have a look close to modern day investing sites like Etrade

    • We Love Binance

      Binance

      Bonus: This is one of the only places you can buy IOTA and they have a ton of different alt coins to diversify your assets. Use our link above for a discount

      We Also Suggest Using:

      HitBTC

      Bonus: If you use the link above, you get discounted trades for the first 30 days. This can be huge if you want to make profit fast

      Alternative Options For Purchasing

      You Could Also Try CEX.IOPaxfulBitPanda

      Alternative Options For Markets

      You Could Also Try BITTREX POLONIEXGDAX

      Extra Security Steps

      We suggest either a 2FA secured online wallet utilizing something like Google Authentication or a physical wallet like The Ledger Wallet which is one of the most secure wallets in the world.

Why Invest In CryptoCurrencies?

 

Bitcoin and other cryptocurrencies are a volatile investment and certainly isn't fit for some people. However, if you can stomach the daily, weekly, and sometimes spontaneous fluctuations in the market, it is a reasonable risk to reward ratio if you are willing to do all of your homework. There are people who spend $200 and become millionaires and people who spend $10,000 and lose it all. The one similar thing we would draw comparison to the stock market with cryptocurrency on is that nothing is certainly ever guaranteed.

 

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