How to purchase BTC?
Bitcoin definition
Bitcoin “BTC” is released in 2009. It is the very first type of asset named cryptocurrency. Bitcoin is a decentralized type of digital cash that removes the demand for standard middlemen like governments, banks, and financial institutions to create financial transactions.
Hereunder some of the most trusted sources on how to buy Bitcoin “BTC”.
Get a Bitcoin wallet
At first, you’ll need to get a Bitcoin wallet. There are two types of Bitcoin wallets, Software wallets and Hardware wallets.
- Ledger Nano X and Trezor Model T are one of the most secure hardware wallets in the market.
- Atomic Wallet and GreenAddress are popular for software wallets.
- Blockchain.com is also a well-known web-based and mobile wallet.
Open an account on an exchange
After getting your wallet, you can choose between a Centralized exchange or Decentralized exchange to buy, sell, or trade Bitcoin.
- Binance, Coinbase, and Huobi are one of the biggest centralized exchanges around the world.
- Nash and Switcheo are one of the top and most popular decentralized exchanges in the market.
Choose a payment method
Besides using a cryptocurrency exchange, you can choose between any of the following payment methods available to purchase Bitcoin.
Buy Bitcoin with Credit or Debit Card
Changelly and CEX.IO are one of the most trusted options to trade fiat currencies for Bitcoin and other cryptocurrencies.
Buy Bitcoin with PayPal
LocalBitcoins and Paxful are one of the popular sites for PayPal purchases.
Buy Bitcoin with Wire transfer
CEX.IO, Coinbase, and LocalBitcoins are one of the most reputable exchanges that have wire transfer as an option to purchase Bitcoin and other cryptocurrencies.
Buy Bitcoin with Cash
LocalBitcoins is one of the very few sites which allow users to buy Bitcoin using cash as a payment method. It gives you the ability to buy, sell, and trade Bitcoin person-to-person in an easy, fast, and secure way.
Buy Bitcoin with ATM near me
Bitcoin ATMs don’t need much information and they are one the fastest methods to purchase Bitcoin, but they charge a bit high fees.
Coinatmradar helps you to know if you have a Bitcoin ATM in your area.
Withdraw Bitcoin to your wallet
Once you finish buying Bitcoin, it’s always better to move your coins to your personal wallet. This way you are the only one in control of your funds, and consider using a Hardware wallet like Ledger Nano X or Trezor Model T to store Bitcoin is definitely a great choice for maximum security.