This is not a beginner article, but it should make sense to those who sort of know how Bitcoin invest works.Get a wallet Verify your identity at a trading platform Have proof of residence (max 6 month old) Get a copy of a valid ID Set aside some money you don’t need Install Google Authenticator on your smartphone Your wallet will hold your coins. For desktop computers I recommend Electrum. It does not download the blockchain, making it faster than the ‘standard’ Bitcoin client. Mycelium is my mobile wallet of choice.In order to buy Bitcoins at an exchange you need to verify your identity. For US citizens I suggest Coinbase, for EU residents Bitstamp is a good choice. Stay away from MtGox in the coming months, they had a lot of issues and are slow and unreliable. If you want to buy coins faster or without verification try localbitcoins, which you can use to buy coins off of people who own them locally in your region.As in with investing, never invest money you need in order to live. View investments as money you lost (or at least can’t access). Your life should not be influenced by the ups and downs of your escapades. At the same time don’t be afraid to start investing. EVen if you have only 5,- lying around, in Bitcoin investment world that is enough!
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