Bitcoin is available from a multitude of centralized cryptocurrency exchanges. The safest exchanges are U.S. based, which also means you’ll need to comply with the SEC’s know your customer (KYC) guidelines. For tax purposes, making an exchange account will require inputting your personal information including your address and social security number. Once you’ve got this handy, you’re ready to get started.
Here are the steps to invest in bitcoin:
Open an account with Coinbase or another exchange from the list below.
Connect a bank account and deposit funds into your exchange wallet.
Buy Bitcoin (BTC).
Buy a wallet (optional).
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Can you tell us more about this in more detail? And preferably in simpler language. Thanks!
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