Where to buy Bitcoin. For now, though, if you are looking to buy bitcoins, it is still the number one cryptocurrency on the market. And it has never been easier or more convenient to purchase them. You don’t have to spend months mining and sending your electric bill skyrocketing to own bitcoins anymore – unless you want to mine bitcoins, of course.
Bitcoin has progressed enough as an industry that in a matter of minutes, you can own bitcoins that can be used as currency or an investment.
Read Also: A Step-by-Step Guide on How to Buy Crypto.
Step 1 – Finding the Best Bitcoin Wallet for You
A bitcoin is not actually a tangible “coin,” and they’re not something that can technically be stored. So, fittingly, a bitcoin wallet is not an actual wallet, something you can keep your bitcoins in and then attach to your jeans with a bitcoin wallet chain.
Read also this FintechZoom Article: How to Invest in Bitcoins: A Guide.
What is a bitcoin wallet? Essentially, it is a public key and a private key, each of which makes buying and selling bitcoins possible. Because it is basically just a series of keys, there are a wide variety of bitcoin wallet types with varying levels of security. All of them have their pros and cons.
Step 2 – Where to Buy Bitcoin?
The best way to buy Bitcoins is by using a Bitcoin Exchange. These are websites that allow you to purchase Bitcoin using your bank card.
All these sites are compatible using your desktop and mobile.
It’s easy to sign up and they make the beginning of your Bitcoin journey much easier than other options.
When you find a crypto exchange that meets the requirements you want, go ahead and sign up!
Attention – Are Bitcoin Exchanges and Bitcoin Wallet the Same thing?
No. Remember that the bitcoin exchange and the bitcoin wallet are not the same things. Bitcoin exchanges are similar to foreign exchange markets. The exchanges are digital platforms where Bitcoin is exchanged for fiat currency—for example, bitcoin (BTC) for U.S. dollars (USD). While exchanges offer wallet capabilities to users, it is not their primary business. Since wallets must be secure, exchanges do not encourage storing large amounts of bitcoin or for long periods. Therefore, it is advisable to transfer your bitcoins to a secure wallet. Because security must be your top priority when choosing a bitcoin wallet, opt for one with a multi-signature facility.
Step 3 – How to Buy Bitcoin?
Buy Bitcoins with a Credit/Debit Card – Where to buy Bitcoin?
Once you have your wallet, you have someplace for your bitcoins to actually go to. Being able to connect your credit or debit card to your wallet is a convenient way to get it done quickly. But it may well depend on what bank and card you use to determine if you can do it. Visit this guide on how to buy bitcoin using ANZ bank account.
Read Here: Buy Bitcoin With Credit Card
How to Buy Bitcoins with PayPal – Where to buy Bitcoin?
Whereas a lot of banks have always been wary of bitcoin, PayPal worked on integrating it into its payment system Braintree as early as 2014. The company isn’t as high on the cryptocurrency as it was back then, but there are still ways to buy bitcoins with PayPal. Not as many as there used to be, though, as Coinbase recently stopped accepting PayPal as it attempts to create its own e-commerce platform.
Read Here: Buy Bitcoin with Paypal
How to Buy Bitcoins with Cash – Where to buy Bitcoin?
Those in search of a secure way to purchase bitcoins will be glad to know you can get them with nothing but cold hard cash. You may need to go out of your way to do it, but sometimes we do complicated things to ensure security.
How to Buy Bitcoins Anonymously – Where to buy Bitcoin?
When you first think about buying Bitcoin, you might wonder how to do it anonymously.
Read Here: Buy Bitcoins Anonymously