I hope you know the basics of Bitcoin. If you don’t know then let me explain in short. The Bitcoin is like the currency but it is only present in Digital form we did not get the Bitcoin in the form of papers like dollars and euros.
Now, you have familiar with the Bitcoin. After knowing about Bitcoin you might be thinking to buy the Bitcoin now.
You can buy the Bitcoin from some exchanges or directly from any people or marketplace.
You can pay to them in many ways by credit or debit card or through cash also depends on the person who is buying Bitcoin from you.
Now, let’s know the process of how you can buy the Bitcoin.
1. Setup up the wallet
First of all, we have to find a place where we can store our Bitcoin. For storing that important Bitcoin the place name by the wallet is there. You can use any Desktop wallet or mobile wallet to store your Bitcoins. You can also store them as hardware also.
Before choosing any Bitcoin wallet please do some proper research because there are too many Bitcoin wallets available on the internet and most of the wallet is fake also. So search some top and best Bitcoin wallets that are trusted and secure also.
The most important use of the Bitcoin wallet is storing keys. If you lost those keys then you will also lose your access to Bitcoin.
Buying Bitcoin Online
2. Open your account in Exchange
There are too many Bitcoin wallet exchanges are available on the Internet. The Cryptocurrency exchanges do the buying and selling of Bitcoin in front of you. If we talk about some of the best and top Cryptocurrency exchange is Bitfinex. For using these Online Cryptocurrency exchanges you have to complete your Mini KYC with those Cryptocurrency Exchanges.
Most of the Cryptocurrency exchanges accept the payment through credit card or bank transfer. If the company is of a foreign country then you can also use PayPal for transferring the required amount to them.
Buying Bitcoin through Cash
3. Choose the purchase method
There are some platforms on the Internet that show the list of places where they exchange the Bitcoin in cash. The LocalBitcoins is the platform where you can find the nearby shop or a person who gives Bitcoin by taking cash.
There are some platforms also available like, WallofCoins, Paxful who shows the list of banks near you those who accept the cash and after few hours transfers the Bitcoin.
There are some ATM’s also there who can give Bitcoins in exchange for cash.
Final Words
I hope this article on buying the Bitcoin process is helpful to you. If you have any doubts regarding the Bitcoin then just comment down below we will try to help you as soon as possible.
