How to Buy Crypto 2020 | Beginners and Students Investing in Bitcoin & Crypto Philippines
Take cybersecurity very seriously. In the world of crypto, you are your own bank. There are a lot of people out there who are trying to steal your funds, so take extra precautions in securing your accounts and your funds.
?WHAT TO KNOW AND PREPARE BEFORE BUYING CRYPTO
1️⃣Create a separate email for crypto-related transactions
Keep this email separate from the emails that you give out to people. Only you should know about this email account. While you can create a new Gmail account, you have the option of taking security one step further with Protonmail. It’s an email service that prioritizes privacy and security above everything else.
➜ Create a Protonmail: https://protonmail.com/
2️⃣ Use strong passwords
Create strong passwords that consists of letters (upper case & lower case), numbers, and symbols. Aim for a minimum of 12-16 characters and don’t reuse your passwords! If you’re having trouble memorizing passwords, you can use a password manager app like Dashlane, LastPass, 1Password, etc.
➜ I use Bitwarden: https://bitwarden.com/
3️⃣ Cryptocurrency wallets 101
Cryptocurrency wallets give users an interface so that they’re able to interact with their funds on the Blockchain network. Coins never leave the network. They’re only transferred from one address to another. There are three types of Crypto wallets: Software, Hardware, and Paper Wallets. If you’re planning to invest a large amount in crypto, consider purchasing a hardware wallet to level up your crypto security.
➜ Ledger Hardware Wallet: https://bit.ly/3eRyMpC
➜ Trezor Hardware Wallet: https://bit.ly/3g33rSB
?WHERE TO BUY CRYPTOCURRENCIES?
1️⃣ Coins.ph E-Wallet + Coins.pro Exchange
Similar to GCash or PayMaya, Coins.ph is an e-wallet. One of its special features is that you’re able to buy Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) through the app.
2️⃣ PDAX Philippines
PDAX is a local cryptocurrency exchange that’s working on a number of initiatives to educate Filipinos about cryptocurrencies. As of the filming of this video, they support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP).
➜ Use the code “nicole” on https://pdax.ph/ to get PHP 30 when you cash in a minimum of PHP 1,000 into your account! Limited for the first 500 people ?
Paxful is a peer-to-peer crypto trading platform. You can only buy and sell Bitcoin on this platform, and I buy most of my Bitcoin here because the prices are competitive.
➜ Sign-up to Paxful: https://bit.ly/3fIhsF6
Crypto.com offers a lot of services to its users, including an exchange, and a crypto debit card. Besides being a place to conveniently buy crypto from, they also have a service called Crypto Earn, through which you can earn interest on your crypto assets.
➜ Sign up to Crypto.com: https://bit.ly/2B5hUhm or use code “4zmvwsjxtb” and we’ll both get $50 USD ?
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00:00 Intro + Featured Comment
01:00 Overview & Disclaimer
03:14 Things to know and prepare before buying crypto
08:42 Where to buy cryptocurrencies
11:57 Step by step: How to buy Bitcoin on Paxful
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Where and How to Buy Cryptocurrencies 2020 | Beginners and Students Investing in Bitcoin and Crypto / Investing in Bitcoin Philippines / Buy Bitcoin on Paxful / Step by Step Guide on How to Buy Bitcoin