Buying Bitcoin:
- Create a Bitcoin wallet
Before you can purchase Bitcoin, you need to create a Bitcoin wallet. This is where your Bitcoin will be stored, and it will also generate your Bitcoin address. There are a variety of wallets available, including mobile, desktop, and web-based wallets.
- Choose an exchange
Once you have a wallet, you will need to choose an exchange to purchase Bitcoin. Exchanges are websites where you can buy, sell, or trade Bitcoin for other cryptocurrencies or fiat currencies like US dollars.
- Deposit funds
Once you’ve chosen an exchange, you will need to deposit funds into your account. This can be done via bank transfer, credit card, or other payment methods.
- Buy Bitcoin
Once you have deposited funds, you can then use them to buy Bitcoin. This is usually done through a “buy” order, which will specify the amount of Bitcoin you want to purchase and the price you are willing to pay for it.
Selling Bitcoin:
- Create a Bitcoin wallet
Before you can sell Bitcoin, you need to create a Bitcoin wallet. This is where your Bitcoin will be stored, and it will also generate your Bitcoin address. There are a variety of wallets available, including mobile, desktop, and web-based wallets.
- Choose an exchange
Once you have a wallet, you will need to choose an exchange to sell Bitcoin. Exchanges are websites where you can buy, sell, or trade Bitcoin for other cryptocurrencies or fiat currencies like US dollars.
- Deposit Bitcoin
Once you’ve chosen an exchange, you will need to deposit Bitcoin into your account. This can be done by sending Bitcoin from your wallet to the exchange’s address.
- Sell Bitcoin
Once you have deposited Bitcoin, you can then use them to sell Bitcoin. This is usually done through a “sell” order, which will specify the amount of Bitcoin you want to sell and the price you are willing to accept for it.
