I’m really interested in diving into the world of Cryptocurrency and have decided to start with Bitcoin. As a beginner, I’m a bit unsure about the process of acquiring Bitcoin. I have heard various ways from buying online to even visiting a Bitcoin ATM but I’m confused about which way is best, especially considering factors such as security, speed of transaction, and ease of use.
One of my biggest concerns is safety. I’m worried about potential cyber threats associated with Bitcoin purchase. I heard about scams and fraudulent activities on some platforms, and that’s something I certainly want to avoid. Any advice on how to ensure the platform is secure would be greatly appreciated. Also, are there additional steps I should take to protect myself apart from choosing a secure platform?
In addition, I wonder what payment methods are usually accepted on such platforms. Does it come down to credit/debit cards only or can I also use services such as PayPal for instance? How about the fees involved? More so, I would like to understand the process once the purchase is made. Do Bitcoins get sent to a digital wallet and is it something that has to be set up separately? Could you guide me through the process? I look forward to learning from your answers.