Bitcoin is a type of cryptocurrency that uses blockchain technology to enable peer-to-peer financial transactions without the need for a central authority like a bank or government.
Bitcoin was introduced in the year 2008 by a developer called Satoshi Nakamoto. Since its inception, Bitcoin has become the world’s largest and most popular cryptocurrency . This has led to the development of many other cryptocurrencies.
Satoshi Nakamoto and Martti Malmi
Bitcoin.org was originally registered and owned by Bitcoin’s first two developers, Satoshi Nakamoto and Martti Malmi. When Nakamoto left the project, he gave ownership of the domain to additional people, separate from the Bitcoin developers, to spread responsibility and prevent any one person or group from easily gaining control over the Bitcoin project.
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Bitcoin Core
From 2011 to 2013, the site was primarily used for releasing new versions of the software now called Bitcoin Core. In 2013, the site was redesigned, adding numerous pages, listing additional Bitcoin software, and creating the translation system.
A Guide to investing in Bitcoin
Investing in Bitcoin: The 6 Essential Steps
A beginner’s guide to navigating the world’s most popular cryptocurrency.
Educate & Plan Your Approach
Bitcoin is highly volatile. Never invest more than you can afford to lose. Define your goals (long-term ‘Hodl’ vs. trading) and consider using **Dollar-Cost Averaging (DCA)**—buying small amounts regularly—to reduce risk.
Select a Reputable Exchange
Choose a well-established, regulated cryptocurrency exchange (like Coinbase or Kraken) or a brokerage offering Bitcoin ETFs. Look for platforms with low fees, strong security, and a user-friendly interface.
Complete ID Verification (KYC)
Sign up using your email and set a strong, unique password. You will need to verify your identity by providing government-issued ID and proof of address. This process is required by law (Know Your Customer).
Deposit Funds
Link your bank account via ACH transfer or use a debit/credit card to deposit your local currency (fiat). Bank transfers usually have lower fees but can take a few days to clear.
Execute the Bitcoin Purchase
Navigate to the trading section (BTC/USD, BTC/EUR). You can buy a fraction of a Bitcoin. Use a **Market Order** to buy instantly at the current price, or a **Limit Order** to set a specific price you wish to pay.
Secure Your Investment (Self-Custody)
If you hold a significant amount of Bitcoin, withdraw it from the exchange and store it in a personal wallet. For maximum security, use a **Cold Wallet** (hardware device) to keep your private keys offline.
🔑 Critical Security Best Practices
Enable 2FA Everywhere
Use Two-Factor Authentication (2FA) for your exchange and email accounts. Prefer authenticator apps (like Google or Duo) over SMS codes.
Guard Your Seed Phrase
Your 12/24-word recovery (seed) phrase grants full access to your funds. Write it down, store it offline in a safe, and **never** save it digitally.
Strong Passwords & Malware
Use strong, unique passwords for every account. Be extremely cautious of phishing emails, fake websites, and public Wi-Fi networks when accessing funds.
Diversify Storage
Do not keep 100% of your holdings on one exchange or in one wallet. Distribute your assets across multiple secure wallets to minimize the risk of total loss.
Source: glusea
