Buying Bitcoin is difficult for some people who might be new to cryptocurrency. As such, this space should solve that problem.
There are simple ways to buy Bitcoin or any other cryptocurrency. These methods requires you have an idea of what the coin or token is about and what you can use it for.
Bitcoin can be used outside its original use which it was designed for; It can be traded for or as an investment (Bitcoin trading) or can be held (hodl) until the value goes up.
How To Buy Bitcoin (BTC)
Step 1: Register on a Fiat-to-Crypto Exchange
On this tutorial, we will use Coinbase. Coinbase is one of the largest crypto exchanges that accept fiat deposits. You can use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.
Note: Coinbase have their fee policies, you are advised to go through the Terms and Policies to aid you decide what is best for you.
Fill in your name, email and choose a simple password only you can remember. Go through the verification processes and confirm your identity. Also verify your email.
Step 2: Buy BTC with fiat money
After registration and going through the KYC processes, you’ll be required to input or choose payment method. (Don’t worry, your details are safe). You can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards for the transaction but you will also make an instant purchase. While a bank transfer will be cheaper but slower. This depends on the country of your residence. Some countries offers instant cash deposit with low fees.
After confirming your details, press the “Confirm Buy”. All is set. In some minutes, the coin should be in your wallet.
Do you have any good and easy method that have worked for you?
Share it on the comment section below.