You want to buy Bitcoin but have no idea where to start? How? How to verify? AND how much?

Chapters:
00:00 - Intro
00:17 - Minimum amount
00:45 - How much should I invest in Bitcoin?
01:39 - Setting up the account

#Bitcoin #Crypto #Bitpanda

▬ Minimum amount ▬▬▬▬▬▬▬▬▬▬▬▬
The first thing everyone want’s to know is, do you need a lot of money to start investing…. The answer is no!
There is no minimum amount of Bitcoin you have to buy! You don’t need to buy a whole Bitcoin, but you can buy tiny fractions of it. At Bitpanda, the minimum amount for deposits, is €25. And the minimum amount to buy and sell Bitcoin is €1. So we can get rid of the myth that you need a lot of money to start investing!

▬ How much should I invest in Bitcoin? ▬▬▬▬▬▬▬▬▬▬▬▬
This is entirely dependent on you and your financial circumstances. Some investors like to deposit a one off lump sum amount when they believe it’s a good time to invest, and some choose to create a savings plan and deposit smaller amounts every month in the hope that they will benefit from something called the “cost averaging effect.”
Many traders consider Bitcoin is an investment, so you should have a look at your personal finances and add Bitcoin purchases to your budget. You can always start small with a minimum investment of €25 per month and go up from there once you’ve gained confidence (this is obviously not financial advice and depends a lot on your personal situation and risk preference). Either way, you should always only invest what you can afford to possibly lose.

▬ Setting up the account ▬▬▬▬▬▬▬▬▬▬▬▬
Before you can start investing, you must register and verify yourself in order to comply with our legal requirements. It only takes a couple of minutes of your time, but is absolutely necessary and, unfortunately, cannot be skipped.
Bitpanda requires a form of identification, such as a passport or drivers licence, you can check which document we accept for each country we operate in advance on our Helpdesk.
Note that you’ll have to undergo a video identification process with one of our providers. Do this procedure actually helps make Bitpanda a safe space to trade.
Once you’ve created and verified your account you’re almost halfway there.

The money to buy Bitcoin has to come from somewhere, right? That’s why you need to deposit money from your bank account into your Bitpanda account so you can buy cryptocurrencies at any time. To do that, we offer a variety of payment options, like SEPA bank transfers which comes at no additional charge, or various payment service providers like Neteller. With the latter options, you can have euro or any other available currency you choose in your Bitpanda account instantly, but you have to pay a small payment fee. The bitpanda website has an overview of all payment options.
Imagine if you realise that Bitcoin is entering a bull run and you want to buy some Bitcoin before the price skyrockets. If you have no money in your Bitpanda fiat wallet, you have to make a bank transfer and possibly wait two to three days before the fiat money finally hits your Bitpanda account. By then, you may think the price to be too high and it could be too late to buy! That’s why it’s always a good idea to have funds in your wallet, simply click “Deposit now” to do so and transfer a minimum of €25.

Step Three: Buy Bitcoin (or any other asset you like)
So we’ve arrived at our destination: Buying Bitcoin. Here’s how you do it.
You’ve logged into your Bitpanda account in your browser and at the top of your dashboard you’ll see a slide of all the assets you can choose from, it will look something like this:
Click on the asset you want to buy, in this case, Bitcoin. This will take you to the Bitcoin price page that tells you the current value of Bitcoin. If you look to the bottom right, you’ll see three buttons: Buy, Swap and Savings. Click “Buy” and choose the wallet you would like to pay from and select the amount or the value of Bitcoin you would like to buy. For example, we are going to buy €1 of Bitcoin.
Once you’ve entered the amount, click “Go to summary”. This is where you’ll see the confirmation of the amount you’d like to spend, take a good look and make sure there are no mistakes (such as accidentally putting €100 instead of €1.00!) The summary will look like this:
Click “Buy now”. And then guess what? You are now the proud owner of some Bitcoin!

▬ More Videos ▬▬▬▬▬▬▬▬▬▬▬▬
► All videos:    / bitpandaofficial  

▬ Subscribe ▬▬▬▬▬▬▬▬▬▬▬▬
Subscribe @Bitpanda: https://www.youtube.com/c/BitpandaOff...

▬ Social Media & Website ▬▬▬▬▬▬▬▬▬▬▬▬
► Facebook:   / bitpanda  
► Twitter:   / bitpanda  
► Instagram: https://www.instagram.com/bitpanda/?h...
► Tiktok:   / bitpanda  
► Reddit:   / bitpanda  
► LinkedIn:   / bitpanda  
► Website: https://www.bitpanda.com/en