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I avoid apps and exchanges that DO NOT allow withdrawal of your Bitcoin and assets to a private address.
It’s never too late to buy yourself a piece of Bitcoin! It's FREE to buy with Strike. Unlike Coinbase, Strike has no fees to buy Bitcoin. You just sign up, attach a debit card or bank account then buy bitcoin. Setting up an account on an exchange is similar to setting up a bank account, except where it comes to buying crypto. I started with Coinbase in 2017 and the fact I’ve been able to withdraw my Bitcoin with relative ease is what I find valuable. However, more exchanges have opened, such as Strike. When it comes to buying Bitcoin, Strike is what you want to use because of NO FEEs. Coinbase has fees for each purchase but they have other cryptos such as Cardano.
It can't be stressed enough to take your time and read over each step. No matter the exchange, you need to read the purchasing steps they require. If KYC is an issue you’ll need to search for a different way to buy Bitcoin. Good thing Bitcoin is P2P.
This is an example of how you can start accumulating Bitcoin effectively over time.
Start with $100
Monday buy $15
Tuesday buy $15
Wednesday buy $10
Thursday buy $20
Friday buy $30
Saturday skip
Sunday buy $10
Notice the Fees?
No Fees on Strike makes it easy to stack sats
Don’t panic sell or fear prices falling x percent, with Bitcoin this volatility is normal. This is why spreading out your buys can work. This is known as dollar-cost averaging. As you gain experience buying Bitcoin you’ll adjust your strategy. If you bought at $17k in 2018 and kept your Bitcoin, you’re in profit.
The simple truth on Bitcoin wealth is to buy Bitcoin, buy the dips, and hodl effectively.
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