Bitcoin's third halving on May 11 means that miners will reap fewer rewards with each block they solve. The pace of new BTC creation is cut in half, which happens about every four years.
This "halving" refers to an event in Bitcoin's code; it reduces the reward to control inflation.
Now, the coins in your wallet or exchange aren't affected by this. Their value in dollar terms won't change overnight; this simply affects the reward miners get when they discover new bitcoins.
What has been true, however, is that BTC has seen unprecedented gains in the twelve to fifteen months following previous halvings. Remember, you can own a "part" of a BTC; you don't need to buy a whole coin.
Ready to jump in? There's no time better than the present.
Your first step, register a Binance account here.
After you've registered, you'll have to verify your basic information at this Binance link. You can read more about Binance's privacy policy here. This is required of all reputable exchanges.
Once your verification is complete, you can buy BTC using your credit card at this link.
You’re Not Done Yet!
The next aspect of owning BTC is that of safeguarding it. Don’t leave your coins lying on exchanges. There’s the good old saying: “Not your keys, not your coins.” - the key speaks to the private key that is used to secure the wallet in which the coins are stored.
Buy a hardware wallet to which you can transfer your assets from Binance.
I’ve been using the Ledger Nano S for a few years, and it’s been a rock solid device.
If you buy a Nano S and need a hand, don’t hesitate to leave a comment below, I’ll gladly offer advice where I can!