How can i buy Bitcoin?

How can i buy Bitcoin

So you've leaned Basic about Bitcoin, and now your interested in buying bitcoins.
But you don't know how? 

Don't worry we are here to provide you all information about bitcoin.

Note -- Please, never contribute more than you can afford to lose – crypto currencies are capricious and the price could go down and also up.) 

(1) Create a bitcoin wallet

First step you have to do is create a Bitcoin wallet to store your bitcoin. This could be an online wallet, desktop wallet, mobile wallet or offline wallet.

Do some research about this wallets and choose best wallet suits your need.

The most important part of any wallet is keeping your keys (a string of characters) and also passwords safe. In case you lose them, you lose access to the bitcoin stored there.

(2) Create an account on an Exchange 

Create your account on any exchange like poloniex,binance,wazirx etc. before choosing any exchange do some study about that exchange.

There are many exchanges are available on Internet but the big bitcoin exchange by volume in the world is bitfinex,coinbase,bitstamp,poloniex,binance etc.

How can i buy Bitcoin

After creating account on exchange now do KYC and deposit money via bank transfer or credit card. once exchange received payment that amount will show in exchange you can buy any crypto currency with that amount and also you can take it back in your bank account (exchange will charge fees for transaction)

Buy bitcoin with that amount and store on exchange or transfer it on your wallet.
For transferring bitcoin from exchange to wallet --

  • Click on withdraw option
  • Choose bitcoin currency
  • Fill bitcoin receive address which is in your bitcoin wallet
  • Click on proceed. 

you will receive your bitcoin in your wallet within 5-10 minutes.

You Might Also Like