If you want to buy cryptocurrencies, the chances are you will also want BTC, for which you will need a Bitcoin wallet.
While there are countless places you can download a wallet, you must take care that you are visiting only reputable websites.
If you fail to follow this guidance, you could end up with your private keys not being so private and you will lose your funds.
Bitcoin has its own blockchain, it does not live on the Ethereum network.
You will therefore need a wallet that is compatible with the BTC blockchain.
If you are new to cryptocurrency investing, it can seem a bit of a chore getting your head around the various wallets and their corresponding blockchains.
To save time, headache and energy, the Exodus bitcoin wallet is by far the easiest way to buy bitcoin and store it safely. In addition to storing your BTC, the Exodus wallet is a multi-cryptocurrency storage system so you could accommodate most if not all of the cryptos you might want to buy.
For example, as well as your BTC, Exodus can house an Ethereum wallet along with ERC20 tokens, Bitcoin Cash (BCH), Chainlink (LINK), Ripple (XRP), Litecoin (LTC), Cardano (ADA), Stellar (XLM) and so many more.
For the above reasons and more, Exodus is an excellent Bitcoin wallet, especially for those times when you want to switch out of BTC once it has had a good run
and into another cryptocurrency that is yet to experience a move up.
A further important consideration is that when BTC moves, it can do so very suddenly and at a surprising speed. Having the benefit of a multi-storage wallet such as Exodus enables you to quickly swap from one asset to another, saving you time and money.
If you imagine that a digital asset is dropping fast, by the time you log into your crypto exchange and transfer your BTC from your Bitcoin wallet to the exchange, how much time has elapsed. This is of course assuming that you can even access the exchange at a time when everyone else is attempting to do the same thing.
It is not surprising to find that many cryptocurrency investors experience issues accessing their exchange accounts to buy or sell Bitcoin, especially during a parabolic move. Some will miss out on a trade completely if they have not set a prior 'sell order'.
To set a sell order, however, means leaving your BTC on the exchange; which is
something CryptoNutCracker considers ill-advised. You should never store/keep your cryptos on an exchange for any longer than you need to.
Once you have your Bitcoin wallet, the next step is to fund it. Newbie crypto investors are finding it increasingly difficult to fund their crypto purchases via their bank or debit card. There is a service that can help with this.
They are BC Bitcoin UK and they offer BTC purchases, along with numerous other cryptocurrencies, which can be purchased by way of a bank transfer or debit card.
BC Bitcoin UK also offers a coin switching service, making it easier to swap out of one coin into another without having to sell your crypto.
You can contact them via their website if you experience any issues, however, they are extremely easy to use, - moreso than a crypto exchange and the process is very quick and user-friendly to register. You can learn more about them here: https://www.bcbitcoin.co.uk?ref=56840.
Buy, Store And Exchange From Within Your Bitcoin Wallet
By buying and storing your BTC in your Exodus wallet, you can increase your holdings whenever you want. You can exchange it directly within your Exodus wallet, you can swap some or all of it and you can even sell it, here is how:
While Exodus allows you to swap in and out of all the currencies stored in your wallet, their fees are a little higher than other switching/swapping services. If performing this function within Exodus gives you peace of mind, that's fine.
If however, you want to spend less on fees there are a number of other crypto switching/swapping services that allow you to do just that and transfer your swapped tokens back to your Exodus wallet.
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