In my last post, I wrote about how to buy bitcoins for a complete beginner. Since then, I’ve wanted to buy other cryptocurrencies to diversify my exposure to cryptocurrencies. I want a basket of cryptocurrencies. Next on the list is Ethereum. How to buy Ethereum Now this wasn’t as straightforward as buying Bitcoins, possibly because it’s a much younger coin. First up, like with Bitcoin, you need a wallet. Googling ‘best ethereum wallet’ doesn’t yield good results. Instead, go to the source again (as we did with Bitcoin). Go to Ethereum.org. Here, download the Wallet: Next, install it. This isn’t that straightforward, so here are two great videos showing you how to do so for Mac: Once you’ve installed and backed-up your wallet, it’s time to load it with Ethereum. Where to get Ethereum? Google will take you to Coinbase. Unfortunately, I had the same problems with Coinbase as I did …[Read More]
Bittylicious
How I bought my very first bitcoins (for complete beginners)
The recent cyberhacks got me thinking about bitcoin. I also saw an old article on the brilliant Sprezzaturian website by Mikael Syding where he outlines becoming expert in a hot topic and consulting on that newfound knowledge (in this example, Bitcoin and Blockchain). I watched a few videos on what Bitcoin and Blockchain are: I looked at the price and historic prices were for Bitcoin: My usual self would have ploughed into this kind of hockey stick action. Luckily for me, it’s not that easy to buy the underlying assets. Let’s look at how to buy bitcoins. Bitcoin Wallet You need a Bitcoin wallet in which to store your Bitcoins. I looked on Google for best Bitcoin wallet and came to articles by 99 Bitcoin. This is a good website which recommended Coinbase. I checked out Coinbase and Xapo and leant towards Coinbase because it was an exchange (where I …[Read More]