A listener sent in an Ask Kim question asking how and where to buy cryptocurrency. He mentioned he is new to cryptoassets. What platform do I recommend and how is the purchase actually made?
“Kim, Great podcast. I have listened to about 80% so far and I am new to the space. My question is: What are the steps to actually placing the order and buying bitcoin, what platform would you recommend and any other details to cover. Thanks."In response to Dean's question, we talk about:
✓ The difference between an exchange and brokerage firm
✓ Where to open your account if you are brand new and only investing a small amount
✓ The criteria for choosing an exchange to trade on
✓ The pros and cons of the top four exchanges for active investors or bigger dollar amounts
✓ The steps to opening an account
✓ Why I think you should open accounts at multiple exchanges
✓ Common questions and concerns about the information you provide when opening an account
✓ How to place buy and sell orders
⟺RECOMMENDED READING AND RESOURCES LIST: Get my full, hand-curated, Recommended Reading and Resources List at https://sanecrypto.com/reading
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DISCLAIMER: Nothing said on this show should be considered investment advice. Past performance is no guarantee of future results. All investments involve risk and may result in a loss. Investors should consider their investment objectives, risks, charges, and expenses of any and all financial instruments carefully before investing.
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