Buying Bitcoin is very easy these days. If you want, you can use cash, card – even PayPal! However, you still need to follow a few steps to do it – that’s why we made this easy tutorial for you! It is separated into parts – just follow the one that matches your purchase method.
- Buy Bitcoin with Credit Card or Debit Card
- Keep your Bitcoin secure with hardware wallet
- Frequently Asked Questions about Bitcoin
How to Buy Bitcoin with Credit Card or Debit Card?
No matter what people say, it’s easy to buy Bitcoin with a credit card.
Your first step will always be buying Bitcoins or Ethereum with your credit card. They can then be converted to Bitcoin.
Follow these steps:
- Buy Bitcoin or Etherium at an exchange you like.
- Transfer Bitcoin or Etherium to an exchange that supports Bitcoin currency.
- Finally, exchange Bitcoin or Etherium to Bitcoin.
Please follow our step by step guide bellow to buy Bitcoin.
1. Create an Account on Coinbase
To buy Bitcoin from Coinbase – you have to create an account at Coinbase. Click this link here to create an account .
Click ‘sign up‘ button and fill out the form. Enter your name (it has to be exactly the same as it’s written on your photo ID), email, password and location.
Coinbase is regulated by the US government and follows strict financial rules. As such, they have to verify your identity. It takes some time and effort, however, this makes Coinbase the reputation of the must trustworthy way to convert regular currency into cryptocurrency.
Verify The Coinbase Account
Since Coinbase needs to verify your account, you have to give them your phone number, upload an image of your photo ID and verify your card (credit or debit) or back account. Only then will you be able to buy cryptocurency.
If you use a card on Coinbase, your fees will be higher, but your purchases will be instant. It is cheaper to use bank transfers, but it is slow – it can take up to a week to get your coins.
When your payment details are verified, click ‘buy/sell’ button on the top menu.
Select Bitcoin, and enter how much money you want to spend/how many coins you want to buy in the windows on the bottom of the page.
Once you have done that, click the ‘Buy‘ button.
You will now have to confirm you purchase.
Do this by pressing the ‘Confirm Buy‘ button.
You now own some Bitcoin BTC.
Secure Bitcoin (BTC) Hardware Wallet:
Cryptocurrency Exchanges are always on hackers radar, so it’s always safer to keep your cryptocurrency in a wallet.
Ledger Nano S
- Supports Multi-Currency
- Built-in Display
- Multi Apps
- Backup & Restoration
Frequently Asked Questions
Can I Buy Bitcoin With PayPal?
You cannot directly buy Bitcoin with PayPal at this time. If you wish to use PayPal, you will have to buy bitcoin first and then exchange bitcoins for BTC by using a service like Binance.
Can I Buy BTC With Cash?
You cannot directly buy Bitcoin with cash. Even if some ATMs support Bitcoin, they are less than 1% of all cryptocurrency ATMs.
If you want to buy with cash, you will have to buy bitcoin first and then exchange bitcoins for BTC using a service like Binance.
Can I Buy Bitcoin With Bitcoin?
Yes, you can do that easily by using Binance to exchange bitcoins for Bitcoin.
Can I Buy BTC With Skrill
Europeans can use BitPanda to buy bitcoins or ethereum with Skrill. Ethereum or BTC can then be converted into Bitcoin on Binance.
Can I Buy Bitcoin With Ethereum
Yes, you can do that easily by using Binance to exchange Ethereum for Bitcoin.
Which is the best payment method to use?
The cheapest way to do it is to buy bitcoins with bank account (or Bitcoin directly with bank account) and exchange the BTC for Bitcoin.
The fastest way is to buy Bitcoin with a credit card, but you will be charged higher fees.
How Can I Protect BTC Once I Purchase It?
You should store your Bitcoin in a secure wallet. Leaving Bitcoin on an exchange just puts you at risk of losing money if the exchange gets hacked. Your account could also get hacked, which is why it’s important to use 2FA.
How Can I Sell Bitcoin (BTC)?
Binance and Changelly are good places to exchange your BTC to any other cryptocurrency. If you want to exchange it to regular currency, trader BTC for bitcoin and exchange BTC into dollars, euro, or other currencies.
Can I Mine Bitcoin Instead Of Buying It?
You cannot mine Bitcoin as it has a different network structure than Bitcoin. You can only purchase Bitcoin from an exchange.