How to buy Bitcoins? Buying Bitcoin: a simple guide

How to buy Bitcoins

How to buy Bitcoins?

The Bitcoin is cryptocurrency more popular around the world and about 24 hours ago the price of BTC arrived. How to buy Bitcoins Guide

Its value began to skyrocket in 2013 and since the beginning of the year we are witnessing a recovery in the cryptocurrency market: today Bitcoin remains the digital currency par excellence, the most widespread (some speak of a safe haven ) Unlike traditional currencies, cryptocurrencies are not regulated by governments, large banks or investment funds, but by private investors.

It can be accessed from anywhere in the world with an Internet connection, through the Exchange. Buying Bitcoin is a very simple task that can be done in a few minutes on one of the Internet Trading Platforms. We find out in this how to buy Bitcoins and which Exchange to choose to buy cryptocurrencies.

Where to buy Bitcoins?

To buy Bitcoin we have to contact someone (buy from a seller) or on a web portal called Exchange. Here is an “overview” of Exchange where you can buy Bitcoin.

Coinbase (recommended)

Coinbase allows you to buy Bitcoin by bank transfer or credit card. It offers a 3.5% commission and is one of the most popular and safest cryptocurrency sites.

Binance (Recommended)

It is one of the Top 3 Exchange in the world for volumes, many coins inserted, constantly offers promotions and interesting airdrops. It is possible to buy Bitcoin with a credit card or exchange it for other coins.

Crypto.com (it’s my favorite)

What attracts me a lot about this portal is their app, very simple to use, you can buy by bank transfer or credit card, 2 clicks and we can buy what we want.

LocalBitcoins (private individuals, be careful)

Thanks to LocalBitcoins , people from all over the world can exchange their local currencies for bitcoins. Site users post exchange rate ads and payment methods for buying or selling. Bitcoins are kept secure in LocalBitcoin.com web wallets from which you can pay for your purchases directly.

Bit2Me

Bit2Me is one of the most popular exchanges that allow you to buy and sell Bitcoins more securely and from a large number of countries. It has a long history on the cryptocurrency market and accepts many payment methods.

How to buy Bitcoin?

First you need to register online on the site you have chosen to exchange dollars or euros for Bitcoin. In general, some documents are required to confirm registration and allow you to start operating , such as an identity card or a driving license.

Buy Bitcoin by bank transfer

Make a SEPA bank transfer to the account number indicated by the exchange, remember that not all offer this service, for the moment among the most famous we have Coinbase, Crypto.com, Spectrocoin, Bitstamp. The transfer is preferable because we have no extra commissions, in addition to the cost of the transfer itself (1 or 2 euros).

Buy Bitcoin with Paypal

Buying Bitcoin with Paypal is not possible even if it would be the best way to do it, because Paypal payments are reversible and offer a protection system against scams and disputes, it is a service that is not currently available, on the contrary it is It is possible on Coinbase to move Bitcoins in Euros to Paypal.

What to do with Bitcoins?

There are also physical stores all over the world that accept payments with Bitcoin, so just scan the merchant’s qr and send Bitcoin via the app on your Exchange.

Currently, the CoinMap website, an open collaboration map, has registered 10,805 businesses.

Another alternative is to use a credit card for cryptocurrencies (usually it is a visa) that converts its cryptocurrencies, even Bitcoins directly into Euro or Fiat Locale, in this way you can pay in any business that accepts Visa.

At the moment the cards that convert cryptocurrencies are:

  • Wirex
  • Crypto.com
  • Coinbase Card

Bitcoin wallet

Exchanges offer a purse where Bitcoins can be deposited and kept, once purchased. If you intend to operate in the short term, you can safely keep them on the Wallet where you bought it; in addition, you can verify that the transfer was successful on a blockchain browser.

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