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

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.   Check out my YouTube channel here. Follow me on Twitter and Instagram.