The price of Bitcoin has risen in 2021, and while
the number of people interested in investing in cryptocurrency is increasing,
there are some people who want to start cryptocurrency and bitcoin but do not
know how to get started. Lots here.
Thus, this time we will explain how to start a
virtual currency (bitcoin), how to buy it, and recommend the necessary
exchanges to buy a virtual currency.
start virtual currency transactions | Thorough explanation of purchasing
Open an account on a cryptocurrency exchange
First, let's open an exchange account. There are
some differences depending on the exchange, but the steps to open an account
are basically as follows.
exchange account opening procedure
Register your email address on the
new registration screen
A registration email will be sent
to your email address
Enter personal information and
submit identity verification documents on the running screen
A postcard will arrive at your
home, so enter the required code
This way you will open an account. The e-mail
address you created is a free address, such as Gmail, and has no problem.
Besides, the following documents can generally be
used as identity verification documents.
Individual number card
All you have to do is submit one of these
verification documents, however, the exchange of available identity
verification documents varies from exchange to exchange. Visit each exchange to
check the correct information.
After entering your personal information and
submitting your identity verification documents, an account opening test will
be conducted. After passing the test, you will receive the documents delivered
to your home. Enter the confirmation number in the document to complete the
After opening the account, we will make the next
deposit. In general, the following methods can be used as a deposit method.
The most recommended is an online banking
deposit. Depending on the exchange, "instant deposit" and "quick
deposit" have different names, but in many cases, it is possible to
deposit 24 hours a day in real-time.
After depositing, buy virtual currency. Two types
of formats can be purchased.
The sales office buys and sells a virtual
currency with sellers, but also transacts between users.
The sales office has the advantage of being easy
to operate and easy to use. On the other hand, there are the disadvantages of
high transaction costs due to spreads.
On the other hand, exchanges do not have spreads,
so they have the advantage of reducing transaction costs. On the downside, the
transaction screen is a bit complicated and can be difficult for beginners to use.
cryptocurrency and bitcoin can you start with?
When you hear about investing, many people
hesitate to start because they think they need a lot of money. In fact, you can
start investing in $1 to $100 and more cryptocurrencies.
When investing in virtual currencies, deposit and
transaction fees will be charged separately, but you can further reduce costs
if you use the exchange without any fees.
If you are interested but scared and can't afford
it, you should invest around $10 and see what it looks like.
Bitcoin, the representative of virtual currency? Explain the features!
Bitcoin is a brand representing virtual
currencies, and its market capitalization is at the top of all brands. In this
chapter, we will explain the characteristics of Bitcoin, a representative of
such virtual currencies.
world's first virtual currency
Currently, there are more than 7,000 types of
virtual currencies in the world, but Bitcoin was the first to be created.
In 2008, Satoshi Nakamoto published a research
paper. It describes "blockchain payment systems without a central
administrator". The paper, produced by Satoshi Nakamoto, caught the eye of
other developers. This marks the beginning of the birth of Bitcoin in this world.
Then, in 2009, Bitcoin was officially announced
to operate in the world and the world's first virtual currency was born.
There is a
maximum number of issues
Bitcoin has a clear maximum issue limit. The
upper limit is 21 million, and the number will not increase.
As a result, Bitcoin is less prone to inflation
and maintains its deficit values.
But, as of 2021, all 21 million copies have not
yet been issued. It is published little by little every year and is expected to
reach 21 million copies by 2040.
The lack of a central administrator is also a
major feature of Bitcoin. Currencies are usually issued by the central bank and
the government. Thus, it may be affected by the issuer and the price may go up
In that case, Bitcoin has no central
administrator, so it is not affected by the issuing agency. The price chart
moves and the price is determined only by the relationship between supply and
study method for beginners of virtual currency and bitcoin
When you start investing in cryptocurrencies, you
need to have some knowledge. However, many may be wondering how to study.
In this chapter, we will explain the proposed
study methods for cryptocurrency novices. Try the following learning methods.
while actually trading
This is a very effective way to learn what a
cryptocurrency transaction actually looks like when trading. By actually making
a transaction, you can get a feeling for what is written in the book and on the
Especially for those who have difficulty reading
books and feel uncomfortable, taking an immersion and trying it for the first
time may be a good idea.
Books are a great way for beginners to learn
about cryptocurrency. In recent years, the publication of commentary books on
cryptocurrency has increased in proportion to the growing attention to
Learning from books can be frustrating if it is
too difficult, so buying a book is a good idea that is easy for you to
The easiest way for beginners to understand
cryptocurrency is to learn from YouTube videos.
Many explanatory videos related to virtual
currency have been uploaded to YouTube, and some of them explain the basics for
Yet, please note that many videos uploaded to
YouTube lack credibility.
newcomers interested in using virtual currency?
Many newcomers may be wondering, "What can
cryptocurrency be used for?" In this chapter, we will explain how to use
virtual currency that newcomers are interested in. The use of virtual currency
is as follows.
Cryptocurrencies can be used to make real money
purchases. You can easily make payments through the Wallet app.
Some famous stores can pay with virtual currency.
There are still some stores in the United Kingdom and the United States that
support virtual currency payments, but it will continue to grow.
Cryptocurrency is also very good as a medium of
remittance. Before the birth of virtual currency, it was common to use a bank
when sending money abroad. But, there are many difficulties in sending money
from banks abroad, such as very high fees and a long time to deposit.
If you send money in virtual currency, it will be
credited immediately and the fee will be significantly reduced, which is very
Cryptocurrency also has an aspect as an effective
way to donate. There are several issues with donating to Fiat currency that is
less well known.
with donations in legal tender
I don't know how to use donations.
I don't know if it's safe in the
hands of those who need it.
In that case, if you donate using virtual
currency, you can solve all these problems at once. In fact, it is expected to
be fully operational. In some cases, NPOs and the Red Cross have already
accepted grants using Bitcoin.
Cryptocurrency is also a very convenient way to
raise funds. It was common practice for corporations to sell stocks and raise
But, with the advent of cryptocurrency, companies
issue their own tokens and investors use cryptocurrency to buy tokens.
If you own such a token, you can use the services
and products of the issuing company, or you can make a profit by selling it.
for app development, etc.
Cryptocurrencies can be used not only as a
transaction but also as a platform for application development. Since virtual
currency is created using new technology, it is possible to create apps and
systems using that technology.
There are other virtual currencies that can be
used as a platform and they are expected to be used for business and