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How to Buy Bitcoin and Transfer to Ledger Nano S using GDAX

2,502 views · Published 6 February 2018 · 6:46 · Indexed 8 November 2026

Channel: The CryptoDad · 2018 · Science & Technology

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The Crypto Dad shows you how to buy Bitcoin on Coinbase and move it to your Ledger Nano S using GDAX to save on fees!

New social Media links!
Twitter: https://twitter.com/The_CryptoDad
Facebook: https://www.facebook.com/TheCryptoDad

Donate Bitcoin:
39VAcEXw9NvcwwsoM1yb9wL1PeCXbMr9Gy
Donate Ethereum:
0xA827CEc6B789B73790724A27E854370EB6661d92
Donate Litecoin:
LcCbeFDtQ66GF9rD2QSz8Rus7Xmz1PnmmG

Find out more about Bitcoin here: https://bitcoin.org/

You can find the Ledger Nano S here: https://www.ledgerwallet.com/products/ledger-nano-s

If you would like to get started buying Bitcoin, one of the easiest ways is opening a Coinbase account.

You can set up Coinbase Account here (This is my affiliate link):
https://www.coinbase.com/join/5930320a2ae354526ebf4fe1

You should also set up a GDAX account so you can save on fees!
It's quick and easy: 
https://www.gdax.com/

Related videos on my YouTube Channel
How to set up a Coinbase account: https://youtu.be/odV2XE0B6fo
How to enable 2-factor authentication on a Coinbase account: https://youtu.be/EAnM3hOiZCg

You can also download the Coinbase App:
For IOS: https://itunes.apple.com/us/app/coinbase-buy-bitcoin-more/id886427730?mt=8
For Android: https://play.google.com/store/apps/details?id=com.coinbase.android&hl=en
I highly recommend the Google Authenticator app for extra security on your Coinbase account:
For IOS: https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8
For Android: https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2&hl=en

What is Bitcoin?
Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain.
Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others.
Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins.
Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.

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