Cryptocurrency & Blockchain Business

2 – How to Buy Bitcoin

How can I buy Cryptocurrency?

The easiest way to buy & Storage your Cryptocurrency is through an Exchange in witch you can convert your Fiat Currency (USD/EUR…) directly into Cryptocurrency and store your newly acquired crypto in there.

For beginners this should always be the first step, we will explore later on this “How To’s” section other more advance ways you should practice and implement in the future as you become more acquainted to the themes involved, like offline Wallets and Exchange operations, but for now let’s keep it simple.

Coinbase is by far the easiest way for everyone to start their journey on the 3 top Crypto Currencies (Bitcoin, Ethereum and Litecoin).

First you need to setup an account with Coinbase.

OK I'm ready, whats next?

Setting up an account with Coinbase is simple, you just have to follow their guide step by step, you will need to send them proof of Identity, after your account is validated you can start buying crypto, but first you need to send regular currency to your Coinbase account in order to do that.

You can use your credit card to do things faster, but we do not recommend that option simply because you will be charged a fee of 3.99%, you really want to do a SEPA wired transaction from your bank, there are no fees to transfer your money to Coinbase this way, but you will have to wait 2 or 3 business days for the transfer to go throw.

All done, how to buy and from where I can do it?

Assuming that your first buy is gonna be Bitcoin:

Using a Web Browser

  1. Go to the Buys page.
  2. Enter the amount in BTC or your local currency that you wish to buy.
  3. Select the wallet you wish to have your funds deposited into. 
  4. Select your desired payment method.  
  5. Confirm the order is correct and click Buy Bitcoin.

Using the iOS & Android Apps

  1. Tap the menu icon near the top left of the screen to open the Navbar.
  2. Select Buy from the Navbar.
  3. Enter the amount in BTC or your local currency that you wish to buy.
  4. Select the wallet you wish to deposit into. 
  5. Select your desired Payment Method.  
  6. After reviewing your order, tap Buy bitcoin.

What other ways are there to buy cryptocurrency?

There are other ways to buy cryptocurrency, but we do not advise newcomers to it, simply because you need to be a little more at ease with several topics.

We will discuss other alternatives later on this “How to” guide series. 

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