How To Buy Bitcoin

buy bitcoin

Want to buy Bitcoin?

No problem. You need to get a Bitcoin wallet first. Don’t worry if you don’t have one yet. Many platforms include a wallet when you create an account on them.

You can get a Bitcoin wallet in several ways:

You can buy Bitcoin instantly

There are many ways you can buy Bitcoin in the blink of an eye. These include:

buy bitcoin

You can easily buy Bitcoin with a credit card.

How to buy Bitcoins with credit card

You can buy Bitcoins with a credit card via one of the many cryptocurrency exchanges. Some of the most famous exchanges are:

However, there are also some Bitcoin debit card companies that let you buy Bitcoin with a credit card. CryptoPay is one of them:

Finally, you can head over to Bitcoin.com and buy Bitcoin Core (BTC) and Bitcoin Cash (BCH) from their site:

How to buy Bitcoin PayPal

PayPal has been very open-minded when it comes to Bitcoin and has not imposed any regulations on it.

Some websites, brokers, and exchanges allow you to buy Bitcoin with PayPal.

Check out some of them here:

buy bitcoin

It’s still possible to buy Bitcoin with cash and anonymously.

How to buy Bitcoins with cash

It is always more risky to buy anything with fiat money. However, you may prefer this method for privacy purposes.

Fortunately, there are some ways you can trade cash for some Bitcoin. Peer-to-peer exchanges allow you to purchase directly from other Bitcoin users. Some of the most popular P2P exchanges are:

Another way to buy Bitcoin with cash is to use Bitcoin ATMs. These will be stationed around metropolitan areas. There will likely be a lot of ATMs if you’re in a big city like New York or London. Suburban and countryside areas are unfortunately sparsely populated with them.

One of the best tools for finding a Bitcoin ATM is Coin ATM Radar:

How to buy Bitcoins anonymously

Anonymity is one of the significant advantages. Bitcoin users have over others. However, as the market has developed and matured, more companies have ramped up their security. Stronger security measures mean a stronger focus on verification of user identities. As a result, the majority of cryptocurrency exchanges will require you to provide them with official ID. Proof of address will also sometimes be needed. The best ways to buy Bitcoins anonymously are these two methods described earlier:

  • Bitcoin ATMs
  • P2P Bitcoin exchanges

What is the best place to buy Bitcoin?

There is no best place to buy Bitcoin. Many places will claim to be the best place. And there is a list of the worst places to buy Bitcoin, so it can pay off to shop around for reasonable rates.

The buy and sell rate for Bitcoin will differ from one exchange to another. Some platforms will also charge you additional fees for transferring, exchanging, and withdrawing Bitcoins.

The best place to buy Bitcoins depends on what is most convenient for you.

Previous «
Next »