How to Buy Bitcoin (BTC) – 5 Easy Ways (Updated to 2022)

Are you planning to buy Bitcoin today?

And why not?

This one of the lesser known secrets of modern finance has made many people millionaires. In its more than 10 years of existence, it has raised eyebrows from banks, politicians and even the wisest financial adviser we know of.

But because of its stock of value and demand, the price of Bitcoin continues to rise. If you do not know, there will only be 21 million Bitcoins and 18 million Bitcoins have already been mined.

Here are the steps to buying Bitcoin:

  1. Choose a Bitcoin wallet
  2. Find a retailer / website to buy Bitcoin (listed below)
  3. Choose your payment method
  4. Buy bitcoin and save in your wallet

Note:

  • You can buy a fraction of Bitcoin. For example, 0.1 BTC or 0.0023 BTC.
  • You can buy Bitcoin worth $ 100 or $ 10,000.

The detailed steps are outlined below that you can use right away to learn how to buy Bitcoin.

But before that

I know a lot of people who thought of buying Bitcoin when it was $ 300 and then when it went to $ 3000. Every time they came up with an excuse to say it is too expensive and it is not supported by all the governments and they missed buying it.

Many of them also miss the fact that there will only be 21 million Bitcoins and they will be really lucky to have 1Bitcoin themselves. So if you’re thinking of being one of those men who think differently and believe in math and cryptography, and understand why Bitcoin is already the next big thing.

Imagine, even for a second

In 2011, when Bitcoin was priced at $ 10, someone will tell you not to buy Bitcoin because:

  • They do not understand Bitcoin
  • They do not understand the financial system
  • They believe that life is about living paycheck to paycheck
  • They never read about Satoshi Nakamoto

We all have such friends, and if you’ve read yourself, or you have a guiding force that explained you about Bitcoin, and you’ve done your research, you’re on your way to buying Bitcoin.

This guide to buying Bitcoin or think of this as your life-changing step will help you understand all aspects of having the most scarce investment in your life. It’s no joke that Bitcoin is compared to gold, due to its inherent nature of value stocks.

We will take a closer look at this in the next section. However, like any financial expert, I must warn you that buying bitcoin is risky and it involves the same risk you take when investing in mutual funds, buying gold or even taking out a loan.

The benefit is that investing in Bitcoin can free you from this lifelong problems and you should be practical and smart right now, especially when you are only one step away from your financial freedom.

Let’s dive right in

There are several ways you can buy Bitcoin. The best method to buy Bitcoin depends on which country you come from and which payment methods you want to use to buy Bitcoin.

Another important factor to keep in mind is where you want to store your Bitcoin. The best way to do this is by using a Bitcoin hardware wallet, which ensures maximum security for your Bitcoin. If you plan to use Bitcoin for payments regularly

This is a complete beginner’s guide that anyone from any part of the world can learn how to buy bitcoin. We have shared some of the most used and reliable ways you can buy Bitcoin aka digital gold.

What does it mean to you?

Before you spend your hard earned money, let’s just spend the next hour (literally 60 minutes) learning everything you need to know to buy Bitcoin.

This article will be your guiding principle and I have linked to the chosen resource that will help you master the purchase and possession of Bitcoin.

I have linked to our best resources that will help you dig deeper and learn more about the method you want to use to buy Bitcoin. Nevertheless, I promise you, within the next 60 minutes, you will be able to buy bitcoin and you would be one of the lucky individuals who would be in possession of a portion of Bitcoin.

Let’s get things started with step # 1

Buy Bitcoin instantly with credit card:

The fastest way to buy Bitcoin using your debit / credit card. By using this method you can own Bitcoin within minutes. In addition, you can buy with a small quantity once or regularly. There are many financially regulated companies that ensure that you get the best Bitcoin price when you buy Bitcoin.

Here are sites to buy Bitcoin with a credit card.

It’s straightforward to use these two websites above, and even if you’ve never bought Bitcoin before, it’s going to be easy.

How to buy a Bitcoin:

  • Go to the CEX website
  • Create an account
  • Complete KYC and account verification (takes about 2-5 minutes)
  • Use your card or bank account to fund your CEX account

International or domestic bank transfer is commission free. You can use a card to fund your account, which is an instant process.

Once the fund is added, click Buy Bitcoin and enter the amount you want to buy Bitcoin for:

How to buy Bitcoin

Within seconds, you will be a proud owner of Bitcoin.

Buy Bitcoin from exchanges:

Bitcoin exchange is another best way to buy Bitcoin. They offer high liquidity, which is ideal if you want to sell your coin.

However, using a stock exchange is not as straightforward as sites selling Bitcoin.

Here are the best Bitcoin exchanges:

Use Bitcoin ATM:

There are many countries where you can use an ATM to buy Bitcoin.

Here are guides that you should refer to:

Buy Bitcoin based on your country:

There are many country specific websites that let you buy Bitcoin in your local currency. This is inactive when you want to buy Bitcoin using a bank account.

If you want me to add more countries, just write a comment, I will add your country specific website to buy Bitcoin.

Alternative ways to buy Bitcoin:

Now you may be from a country where buying Bitcoin is not easy. If so, here are many alternative ways (payment methods) that can be used to buy Bitcoin:

Buy Bitcoin using PayPal

Buy Bitcoin anonymously and without ID

Buy Bitcoin with cash

Is Bitcoin a good investment?

Yes, Bitcoin is worth investing even in 2022.
Bitcoin has so far been a high-risk investment with high rewards. Started at just a few cents and now Bitcoin is worth more than $ 48000. Bitcoin should be part of everyone’s portfolio during high-risk, high-reward investments. As suggested by many professionals, you should only invest the amount in Bitcoin that you are ok to lose.

Is it smart to buy Bitcoin?

Short answer: Yes, buying Bitcoin is a smart choice.
Bitcoin is a new age currency and it has been around for the last 10+ years. Many people who have bought Bitcoin have made significant money. However, it is important that you understand how Bitcoin works and other details before you buy Bitcoin. The information such as where you buy Bitcoin from, how you store it is important information before you buy bitcoins.

How much Bitcoin should I buy?

You should use dollar cost average technique to accumulate Bitcoin. Instead of buying one-time (There is an exception when the Bitcoin price) is ultra-low, you should buy on a regular basis just as a SIP to ensure that you cost your purchases on average.

Can you buy less than 1 Bitcoin?

Yes, you can buy less than 1 Bitcoin. You can buy any amount from $ 5 to any higher amount.

Is It Legal To Buy Bitcoin?

Bitcoin is legal to buy in many countries, including the United States, Japan, the United Kingdom, Canada, and most other developed countries. In many countries (as long as it is not advertised illegally), you can buy Bitcoin.

Hhow long does it take to buy bitcoin?

You can buy Bitcoin right away from many exchanges like CEX, Coinmama. However, the verification process may take a few minutes to hours. Once you have a verified account, you can always buy or sell Bitcoin right away.

Cand you buy a fraction of a Bitcoin?

Yes, you can buy Bitcoin up to 8 (0.000 000 01) decimals. Almost all Bitcoin sites allow you to purchase partial bitcoins that you can store in a wallet.

Hhow old do you have to be to buy bitcoin?

18
Although you could buy Bitcoin if you are 18 years old, most exchanges require you to do KYC, which is available for 18+. If you are under 18, you can do KYC in your parents’ name and then buy Bitcoin.

Can you buy Bitcoin with Google Wallet?

Paxful has a large number of sellers who will let you buy Bitcoin with Google Pay Wallet.

Conclusion: Buy Bitcoin

You can bookmark this resource for future reference or share it with others to help them buy Bitcoin.

You should also read the following guides to learn more about Bitcoin:

If you have any further questions regarding the purchase of Bitcoin, feel free to ask them in the comments section below.

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