There are 3 ways to buy Bitcoin. You can buy it on an exchange, you can buy it from someone you know that has some to sell, or you can accept Bitcoin from someone as a payment for goods or services instead of dollars.

What if you don’t know anyone who has Bitcoin to sell you or pay you with? No problem.  Our Training session walks you through signing up on an exchange and making your first Bitcoin purchase on the exchange. Plus, we show you how to add extra security to your exchange account to protect against hackers.

Now that you know where to get Bitcoin, how do you take possession of the Bitcoin?

Protecting your Trezor Wallet, pins, passwords, and/or private keys are very important. If a hacker or thief gets a hold of one or more of these, it is possible to steal your Bitcoin.

We teach you what these things are and why they are important. We also give you tips on safe ways to store these items as well as some of the worst ways to store these so you do not put your Bitcoin at risk.

Now that you have control of your Bitcoin and know how to protect it, you can sell it or spend it when ready.

The IRS is really cracking down on Bitcoin and imposing criminal penalties for failing to disclose Bitcoin transactions. But, this does not have to be a problem. As long as you report all your transactions and you are honest with your gains and losses, you should not have anything to worry about.

It can be very confusing to know what transactions you need to report, so we go over several of the actions or things you may do with your Bitcoin that create tax reporting requirements and the information you need to keep track of to correctly file your taxes at the end of the year.