Ep. 130 - How to Buy Bitcoin For the 1st Time (Ask a CFP®) - a podcast by Jeff Rose

You are finally ready to take the plunge.  You’ve seen everyone else doing and you have serious FOMO.

 

Today I am going to answer a reader question.  He is a serious investor but he has never purchased any cryptocurrency.

 

I get it - I was a financial advisor with my own wealth management firm and I had no clue where to buy cryptocurrency when I was ready to dive in.

 

I started investing with crypto in 2017 and there were so many options to choose from

 

05:05 His question:

 

‘I am completely new to crypto with no brokerage account other than traditional Fidelity and Merrill accounts.  I have $50k in traditional savings accounts.  What is the quickest and safest way to purchase stable coins and transfer to Celsius?’

 

In the traditional channels for trading - it is a simple process to transfer from Fidelity to Merrill or other traditional institution - to and from like accounts.

 

In the Crypto space this type of transfer does not exist.

 

09:37 Let’s address a traditional savings account as a tool for transferring funds for trading crypto.

 

17:45 Other ways to transfer funds into a platform like Celsius.

 

 Be sure to tune in for all the details.

 

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