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How to Send and Receive Bitcoin? Step by Step Tutorial 2021 (Buying, Selling, Sending, Receiving)

In this video I will show you exactly how to buy, sell, send, receive, and store all kinds of cryptocurrencies. I will show you examples with major crypto wallets and exchanges, such as Binance, Coinbase, Bitbuy, Newton, Shakepay, Exodus, and BlockFi. ► My 212 Companies Watchlist: https://bit.ly/3cbWL3f ► Get $10 for Opening an Account with Wealthsimple: https://bit.ly/3kzztaD ► Get $25 from Newton (Canada): https://web.newton.co/r/BP8LC6 ► Get $10 in Bitcoin from BlockFi: https://blockfi.com/?ref=ebccda0d ► Get $30 from Shakepay (Canada): https://shakepay.me/r/WZKPBC3 ► Get $20 from Bitbuy: https://bitbuy.ca/sign-up?c=BSLU3WEQE ► Get $10 from Coinbase: https://www.coinbase.com/join/dikare_1 ► Open Binance Account: https://www.binance.com/en/register?r... ► Download my FREE eBook about Investments: https://bit.ly/2FL2UHI ► Follow Me On Instagram:   / artemdkrv   So, the first thing that is VERY important is to understand is the storage for your cryptocurrencies. And there are three kinds of them. Crypto wallets, crypto exchanges, and brokerages. The reason why you need them is because you simply need to store your crypto somewhere. If you buy bitcoin for example, it needs to go somewhere, right? Hot wallets are easy. You can simply download pc software or smartphone app and there you have it. The ones that I am using are called exodus and Blockfi. And the reason I chose them is because they generate additional interest on currencies that are stored inside them. If you are interested, you can create your own wallet by using the link in the description. You’ll get $10 in bitcoin for doing so. The second place where you can store your coins is on crypto exchanges, such as Binance or Coinbase. Crypto exchanges are places where you buy and sell different cryptocurrencies. And they are an essential part, because this is where you withdraw your actual money into your bank account. And the third place, which is not to be considered seriously, but I still decided to mention it. These are different brokerages, such as Wealthsimple in Canada, or Robinhood in the US. So, as a result we have 3 different places to store your cryptocurrencies. The best place is your wallet. It provides the best security, and some of them even allow you to get some interest. Consider them as high yield savings accounts. The second place are crypto exchanges. They give you the highest liquidity, but are not as safe as actual wallets. And the third place, is your brokerage. Assuming it allows you to trade cryptocurrencies. This method is the most convenient, but you do not own actual crypto at any given time. You just buy and sell its derivatives. How do you receive crypto? And the answer is very simple. You’d need to either create your crypto wallet or an account with any of the crypto exchanges. Both these methods provide you with the storage for your coins. When you are getting money from another person traditional way, you’d need to give them your card number, or bank details, or PayPal address, correct? Same with crypto transactions. You need to have an address where people will be sending your digital currencies. And for crypto wallets these are QR codes or these long and random addresses. You’d simply need to share them with another person and he will be able to transfer crypto by either scanning your QR code or typing in the address. Keep in mind that for every variety of cryptocurrencies there are different wallet addresses. Bitcoin wallet is different from Ethereum wallet. But don’t worry, once you create an account, you will have access to all kinds of wallets at the same time and switching between them is really easy. The best way to share your address is to simply send a screenshot of QR code to a person. Or you can copy paste this long name. But be very careful, if you decide to manually type your wallet address. Even one wrong letter and your digital currencies are gone forever. The whole process of receiving crypto from someone else and selling it can be summarized as following. You share your wallet address, receive cryptocurrency, convert it into currency of your choice, and withdraw money to your bank. Works the same with any kinds of crypto and all kinds of platforms. But what if you received crypto into your hot wallet? Which only allows to store it and not to sell it? Then you’d need to do JUST one extra step. Which is transferring your digital assets from your wallet into crypto exchange. If you have an option to choose where to buy and store your digital assets, my recommendation would be hot storages. Such as Exodus that I am using for my Cardano’s ADA coins and BlockFi for my Bitcoins. Doing so allows you to get interest on them in addition to their value slowly appreciating over time.