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:
- Choose a Bitcoin wallet
- Find a retailer / website to buy Bitcoin (listed below)
- Choose your payment method
- Buy bitcoin and save in your wallet
- 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:
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.