₿💰How I personally make money with cryptocurrencies
Hello Steemers,
Let me tell you a quick story that you might relate to.
The other day a marketing client of mine asked me about Cryptocurrencies and Bitcoin. He specifically asked me if I invest in Bitcoin and told me that he's afraid to buy Cryptos because he might do something wrong.
I totally understand his fears because I too wasn't familiar with cryptocurrencies before I started reading and of course I didn't know how to use electronic wallets and trading platforms before I actually signed up and tried them.
So, I wanted to write this to tell people how easy it is to buy Bitcoin and altcoins without the risk of doing something wrong.
It's true that trading platforms like Bitfinex and Poloniex are quite complicated even to me and anyone that doesn't want to devote hours of their time to understand how to trade coins. I have signed up for both platforms but I haven't actually used the, yet.
Having said that, I also want to mention that I chose not to trade but to buy and hold instead.
I was a bit late to jump on the wagon of Bitcoin and cryptocurrencies. I bought my first Bitcoin on November 22, 2017 and then after acouple of days I added some Ethereum and Litecoin. To be honest, I don't want to be online all the time checking prices and trading. I believe that most people cannot do that and make a profit because you cannot easily forsee a trend and buy/sell at the right time.
So, as I said I chose to buy and hold in a very simple-to-use electronic wallet. That is Coinbase.
Coinbase in an electronic wallet like Paypal. The main difference is that you hold fiat currency on Coinbase and you also have Bitcoin, Bitcoin Cash (since yesterday), Ethereum and Litecoin.
You can use a credit card or a bank account to add Euro or Dollars to your wallet, and then use it to buy Bitcoin or any of the altcoins. It's that simple -you cannot go wrong.
Coinbase can keep a big fee if you deposit via Credit Card. That what I did both times I added money to my Euro wallet but I gues if you make a bank deposit it's cheaper.
Since I bought, and before week 2 ended, my wallet valued had doubled. I was crazy happy and talked to my friends about it with enthusiasm! Today, nearly one month after my first Bitcoin purchase, my wallet value is more than double.
So, that's it! I know it wasn't a story of me becoming a millionaire over night! LOL Still, I definitely recommend Coinbase for beginners who want a fast and easy way to buy their first Bitcoins.
I don't want to post affiliate links here because some (I hope only few) people will think I'm not honest in what I'm saying. Yes, there still is that taboo with affiliate marketing. If you want, ask me for my affiliate link. If you buy through my link we both get $10 in our Coinbase wallet at no cost to you.
Also, if you need any more details about my experience with Coinbase (yeah, there have been a couple of problems), just comment here.
~Stella