- May 23, 2020
- Posted by: icoblock
- Category: Crypto News
Planning to Buy Bitcoin today?
And why not?
This one of the less known secrets of modern finance has made a lot of people millionaire. In its more than 10 years of existence, it has raised eyebrows from banks, politicians and even the smartest financial advisor that we know of.
However, due to its store of value and demand rising, the price of Bitcoin keeps increasing. In case if you don’t know, there will be only 21 million Bitcoins and 18 million Bitcoins are mined already.
Here are the steps to buy Bitcoin:
- Choose a Bitcoin wallet
- Find a trader/website to buy Bitcoin (Listed below)
- Select your payment method
- Buy bitcoin and store 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 $10000.
The detailed steps are outlined below which 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 made an excuse saying, it is too costly and it is not supported by all the governments, and the missed buying it.
A lot of them also miss out on the fact that there will only by 21 million Bitcoins and they will be really fortunate to even hold 1Bitcoin. So, if you are thinking to be one of the men who think differently and believes in maths and cryptography, and understands why Bitcoin is already the next big thing.
Imagine, even for a second
Being in 2011 when Bitcoin was priced at $10, there will be someone telling you not to buy Bitcoin, because:
- They don’t understand Bitcoin
- They don’t understand the financial system
- They believe life is all about living paycheck to paycheck
- They never read about Satoshi Nakamoto
We all have such friends, and if you have been reading yourself or you have a guiding force who explained to you about Bitcoin, and you have done your research, you are on the right path to buying Bitcoin.
This guide to buying Bitcoin or think of this as your life-changing step will help you understand every aspect of holding the most scarce investment of your lifetime. It is no joke that Bitcoin is compared to Gold, because of it’s inherent nature of store of value.
We will look into this in the upcoming section. However, like every financial expert I have to warn you, Buying bitcoin is risky and it contains the similar risk you take when you invest in mutual funds, buy Gold or even take a loan.
The upside is, investing in Bitcoin could free you from this life long woes and you should be practical and smart right now, especially when you are just 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 upon which country you are from and which payment methods you wish to use to purchase Bitcoin.
Another important factor to keep in mind is, where do you want to store your Bitcoin. The best way to do it is, by using a Bitcoin hardware wallet which ensures maximum security for your Bitcoin. If you are planning to use Bitcoin for payments on a regular
This is a complete Beginners’ guide for anyone from any part of the world to learn how to buy Bitcoin. We have shared some of the most used and trusted ways you can buy Bitcoin a.k.a digital gold.
What does this mean for you?
Before you spent your hard-earned money, lets just spent the next one hour (literally 60 minutes) to learn everything you need to know to buy Bitcoin.
This article will be your guiding principle and I have linked to the selected resource that would help you master the buying and holding Bitcoin.
I have linked to our best resources that will help you to dig deeper and learn more about the method that you wish to use to buy Bitcoin. None the less, I promise you, within the next 60 minutes, you will be able to buy bitcoin and you would be one of those lucky individuals who would be holding a portion of Bitcoin.
Let’s kick things off with step #1
Buy Bitcoin Instantly with Credit card:
The fastest way to purchase Bitcoin using your Debit/Credit card. Using this method, you can own Bitcoin within minutes. Moreover, you can buy using a small amount one time or on a regular basis. There are many financial regulated companies that ensure you get the best Bitcoin price when you purchase Bitcoin.
Here are websites to buy Bitcoin with a Credit card.
Using these above two websites is straight forward and even if you have never purchased Bitcoin before, it will be easy.
How do you Buy a Bitcoin:
- Head over to 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 instant process.
After the fund is added, click on Buy Bitcoin and enter the amount for which you wish to Buy Bitcoin:
Within seconds you will become a proud owner of Bitcoin.
Buy Bitcoin from exchanges:
Bitcoin exchanges are another best way to Purchase Bitcoin. They offer high liquidity which is idle in case if you want to sell your coin.
However, using an exchange is not as straight forward as websites that sell Bitcoin.
Here are the top 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 purchase Bitcoin in your local currency. This is idle when you want to buy Bitcoin using a bank account.
If you want me to add more countries, just drop a comment I will add your country-specific website to buy Bitcoin.
Alternate ways to Buy Bitcoin:
Now, you may be from a country where it is not easy to purchase Bitcoin. In that case, here are many alternate ways (Payment methods) that could be used to Buy Bitcoin:
Yes, Bitcoin is worth investing even in 2020.
Bitcoin has been a high-risk high reward investment until now. Started at mere few cents and now Bitcoin is worth more than $10000. Bitcoin should be part of everyone’s portfolio under high-risk, high reward investment. As suggested by many professionals, you should invest only that amount in Bitcoin, that you are ok losing.
Short answer: Yes, it is a smart choice to Buy Bitcoin.
Bitcoin is a new age currency, and it has been around for the last 10+ years. A lot of people who 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 like where do you buy Bitcoin from, how do you store it is a piece of important information before you purchase bitcoins.
You should use the dollar-cost average technique to accumulate Bitcoin. Rather than buying one-off (There is an exception when Bitcoin price) is ultra-low, you should buy on regular interval just as an SIP to ensure you average your purchase cost.
Conclusion: Buy Bitcoin
You can bookmark this resource for future reference or share it with others to help them in Buying Bitcoin.
You should also read the following guides to learn more about Bitcoin:
If you have an additional question regarding Buying Bitcoin, feel free to ask in the comment section below.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technolgy.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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