One of the challenges most people still face is the guide on how to buy bitcoin online. Most persons are really interested in trading on Bitcoin but few really know how to go about it. We want to show you how you can buy bitcoin online. A lot of people have lost huge amounts of money trying to buy bitcoins from untrusted sources. Certainly, you can protect yourself.
Yes, there are scams online. But also, there are the genuine ones you can meet online and they will out you through. However, we will show you all that for free. What else is our job if not to help out? Once you have downloaded a bitcoin wallet, all that remains is to actually purchase your first Bitcoins. Read on to see just how easy it is to buy Bitcoin with either a credit card or with funds directly from your bank account.
How To Buy Bitcoin Online
Basically, there are two ways to buy Bitcoin Core online: the fast way and the cheaper way. The fastest way to buy BTC is with a credit card. This process takes only a few minutes but there are fees. A cheaper, though considerably more involved method is to purchase Bitcoin on an exchange. Keep reading for a step-by-step guide to both of these methods.
How to Buy Bitcoin Using a Credit Card
Bitcoin.com has partnered with Simplex to make it easy to buy Bitcoin Core using a credit card. Follow these steps to securely complete your purchase:
Step 1: Input your Bitcoin address and select a desired purchase amount
- Visit the buy Bitcoin page.
- Enter the amount of BTC you wish to purchase.
- Then, specify to which Bitcoin address your purchased Bitcoins will be sent. To do this, open your Bitcoin Wallet, copy your Bitcoin address and paste the address into the “Bitcoin address” field.
- The Bitcoin you purchase will be sent to this address. Remember, you can always download a Bitcoin wallet for free.
Step 2: Input Billing Info
Once you have inputted your Bitcoin Core address and chosen a purchase amount, click the button to continue. From here you will be directed to Simplex’s checkout form. Simply follow the steps, input your information, and voila! Your purchased Bitcoins will be sent to your Bitcoin Wallet address. This may take anywhere from ten minutes to more than one hour.
How to Buy Bitcoin on an Exchange
A bitcoin exchange is an online marketplace where users can buy and sell Bitcoins after setting up an account on the exchange. You will need to choose an exchange based on your country of residence and desired purchase currency. Here’s a basic run-down of how to buy Bitcoin on an exchange:
Also See: Best Sites For Creating A Bitcoin Wallet
Step 1: Choose Exchange
Choose an exchange by entering your country of residence and then selecting from our list of approved exchanges.
Step 2: Setup Account
Setup an account on the exchange. Depending on the exchange, various forms of identification may be needed.
Step 3: Connect Bank
Connect one or more bank accounts to your exchange account. Any buys or sells you make will be deducted from or deposited to the chosen bank account.
Step 4: Select Amount to Purchase
Once you have created an account on your chosen exchange and added a bank account. Navigate to the exchange’s Buy feature: select an amount of BTC to purchase, enter your bitcoin address, confirm purchase, and wait for the purchased Bitcoin to reach your wallet.
We just showed you two easy ways on How To Buy Bitcoin Online. Which of them do you prefer? Let’s hear from you below.