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Frequently asked questions How do Bitcoin and other cryptocurrencies. Someone might pay you in a hundred millionth of one users on a decentralized network. If you're looking to buy started, a first step would.

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Set up your wallet. Set up an account with a reputable cryptocurrency exchange. Focus on the total amount of money you want to invest, rather than the number of coins you want to buy. And always remember, don't invest more.

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Reviewed by Andy Proper. Bitcoin is the dominant force in the market for cryptocurrencies, but there are thousands of other cryptocurrencies � some reputable, some not. Before you carry out a transaction, make sure you look at the fees you'll be charged, and have a plan for where to send the Bitcoin once you buy it. Selling a losing position hurts, but doing so can help you avoid worse losses later. Whether or not Bitcoin is a good investment for you depends on your individual circumstances, but here are a few pros and cons of Bitcoin to consider.