How To Buy Your First Bitcoin Or Ethereum

  • Not a day goes by that someone isn’t emailing me or DMing me on Twitter, desperately asking how to buy Bitcoin.
  • When you buy your first Bitcoin, you join this strange club.
  • Millions of people already use digital currencies including Bitcoin and Ether.
  • When friends ask me how to buy Bitcoin, I usually just direct them to my friend invite page on Coinbase so they get some free Bitcoin as a bonus.
  • The snappy Jaxx mobile wallet also works with Bitcoin.

What a difference a couple years can make! As I

@lenholehouse: How To Buy Your First Bitcoin Or Ethereum #howtouseyouriphone

What a difference a couple years can make! As I wrote here recently, some of my media colleagues in 2014 wanted to hear nothing about Bitcoin or cryptocurrency and I was effectively shunned from some of the shows I’d gotten used to guesting on.

Man, it really got me down for a while – being told I was promoting something bad and trivial, when I knew in my heart (and the math clearly corroborated) that cryptocurrency is not bad, is not trivial, is not a fad – it’s a very big emerging idea. One of those big ideas that could change everything in the years ahead. Bitcoin is a big deal.

When friends ask me how to buy Bitcoin, I usually just direct them to my friend invite page on Coinbase so they get some free Bitcoin as a bonus. Coinbase has more than 4.1 million customers in 32 supported countries. They’re US-based, backed by some tech heavyweights including Marc Andreessen’s VC fund, and in the couple of instances where I’ve had trouble, their support was always fast and cleared things up.

The currency used within Ethereum, Ether (ETH), is mined and traded much like bitcoins are. Ether can be bought on Coinbase by going to exchange.coinbase.com after you’re logged into your account: that page lets you trade Bitcoin in your Coinbase account for Ether (you can also deposit fiat currencies there), or trade your Ether back into Bitcoin. If that’s too confusing, it has been reported that Coinbase will be adding an Ether direct buy feature to their platform later this month, making it easier for non-pro cryptocurrency users to get hold of the currency.

What about for Ether? At the moment, the official wallet / browser Mist is a popular option for the desktop, while the Jaxx.io smartphone wallet app for Android and iPhone is becoming popular among Ethereum casual users as well. The snappy Jaxx mobile wallet also works with Bitcoin.

Millions of people already use digital currencies including Bitcoin and Ether. Although it’s a brave new world, many of us are taking the leap and building this new economy out – not only because it benefits us more than the fiat economies we have no control over, but because it is truly fun.

When you buy your first Bitcoin, you join this strange club. Where this all goes in the end, no one can tell with certainty yet. But in the meantime, you can follow my musings over on Twitter and watch my weekly interviews with leading cryptocurrency experts over on the YouTube channel.

How To Buy Your First Bitcoin Or Ethereum