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Bitcoin is undoubtedly the most prominent of all crypto currencies with investors small and large wanting to be part of the action. Our Buy Bitcoin Guide pulls together research from the most trusted and reliable platforms to give you confidence to buy bitcoin without having to trudge through countless websites. Simply choose the provider that best suits your individual needs and you will be up and running within a few clicks and swipes.
Bitcoin is the pioneer of crypto currencies with a promising future predicted by many. Mainstream investors are getting in on the Bitcoin act, the excitement is trickling into the masses and the number of products and services you can buy with Bitcoin is increasing.
Headlines like, buy a car with Bitcoin or buy a house with Bitcoin, once considered rhetoric, are now becoming reality. Bitcoin is a volatile currency and is known for its price fluctuating, something that makes it both enticing to investors and a caution to others. The main places to buy Bitcoin online are through a broker or via an exchange.
These are exchanges that allow you to both buy and sell bitcoin while brokers act as an intermediary. There is a huge variety of platforms to purchase crypto currencies and the list is growing. You can buy Bitcoin with paypal and you can even buy bitcoin with your Android and other smartphones. We will explore the options and provide step-by-step details of how to begin to buy with Bitcoin on some of the most reputable platforms. The number of ways to buy bitcoins is growing.
We have detailed some of the most popular and emerging methods to buy Bitcoin below. Brokers can often access Bitcoin more easily as exchanges can experience delays, e. Although there is a premium to pay for brokers, they can buy and sell at a fixed price which can result in a fast way to buy bitcoins.
Also, brokers are often more open to different payment options and are considered the best way to buy bitcoins with a credit card or debit card by some. Your investment follows the same trajectory as Bitcoin itself but you are invested in a contract that offers flexibility and fast trading.
It also means you can buy bitcoin instantly with credit card if that is your preferred payment method. Step one — sign up as below and pick your country from the dropdown menu. It is worthwhile practicing on the on this so you can get used to the functionality. Step 2 — Complete your profile providing personal ID documentation e. You then need to make a deposit choosing one of the many payment options available. Another window will appear outlining your trade parameters.
If you want to see how much you have been charged for this, go to your portfolio page. So, if the value of Bitcoin goes down, you will still make a profit. CryptoGo is a unique platform that acts as a medium between exchanges and users. Made up of experienced brokers and investment specialists, the platform is designed for new investors. Many users who are trading for the first time can find exchanges baffling.
With CryptoGo you still have access to the best exchanges but are given guidance from your own personal account manager to help you through the processes. On CryptoGo you can buy Bitcoin with credit card or you can buy Bitcoin with paypal or through bank transfer. Step 2 — The below screen will appear prompting you to put in the payment method of your choice and how much you want to invest. Step 3 — You will receive details of where to send your bank transfer to in an email, if this is your chosen payment method.
From here, the coins will be sent to your wallet of choice. Alternatively, you will be prompted to enter your credit or debit card details on a different page. When you have submitted your payment, the verification process will begin.
All reputable exchanges and brokers, however they operate, need to verify your personal identity and address details. This means supplying your personal identification and proof of address documents to prevent money laundering and other illegal practices. The very nature of blockchain technology, the system on which Bitcoin operates, means that transactions are always traceable.
If you wish to keep your financial matters private or prefer not to put your trust in big financial organizations then below are the two best ways to buy Bitcoin anonymously:. The machine, connected to the internet, allows users to change BTC and cash. Be aware that some machines may ask you to confirm your identity. On some exchange sites you can use this method of payment without having to verify your details. Similarly, you can buy Bitcoin with a Visa gift card to serve the same purpose.
Bitpanda , Coinbase and Coinmama accept prepaid visa card payments. In days of old, there were fewer ways to make a deposit to buy crypto currencies, to buy Bitcoin using paypal was simply unheard of. But now you can buy Bitcoin direct using bank transfers, cash, debit or credit card and ATM machines. If you want to buy Bitcoin from Paypal you can use a site called Virwox. Here, you can put money from your Paypal directly into your account and continue to buy and sell on the exchange.
You can buy bitcoin with cash if you prefer a traditional approach or if you want to buy bitcoin fast. Firstly, find a seller locally who wants to sell coins. Make sure they are legitimate by checking their feedback history on the exchange you will be using. Deposit the cash into their account, take a copy of the receipt and upload this into your wallet.
Money transfer companies like MoneyGram and Western Union are also used to buy bitcoin with cash. But, you can buy and sell bitcoin through Walmart Walmart, a money transfer service. You will need to acquire a wallet, join an exchange and find a seller to buy bitcoins from using WalmartWalmart. You can add these to your wallet straight from eBay when you have purchased. Exchanges like Paxful where you buy bitcoin from other people, also allows you to redeem the value of your Amazon gift card by purchasing bitcoins.
This allows for a fast purchase in small denominations. Backpage is a similar market place that lets user buy bitcoin with skrill and Google wallet. If you want to buy and sell Bitcoins from the country you are in, this is not an issue if that country has not banned trading or deemed it illegal.
Different countries have different legal rules when it comes to buying Bitcoin, these rules are changing all the time. So, whether you want to buy bitcoin in Canada or if you want to buy Bitcoin from India this should not be a problem. It is worth noting that if you buy bitcoin in the UK it is a quicker process to put down a deposit than other countries because restrictions do apply depending on where you are from.
From some corners of the globe the process can take a few days. If you are buying bitcoin with Euro, or another currency then you will be charged a conversion fee. The popularity of Bitcoin means that some retailers accept Bitcoin as a means of payment.
For example, you can Buy Bitcoins with a credit card on reddit and you can also use it to buy services from:. Bitcoin is built on the blockchain, a computer network that administers every transaction on it. If you want to become a miner you will need to buy bitcoin mining hardware and buy a bitcoin mining rig the system mining runs on. Note that set up costs, including electricity usage can be extensive. If you would like to know more about investing in bitcoin or the latest bitcoin news click here.
If you want to start trading straight away, register on eToro or CryptoGo today. The Complete 'How to Buy Bitcoin' Guide Bitcoin is undoubtedly the most prominent of all crypto currencies with investors small and large wanting to be part of the action. Bitcoin Brokers Filter by:. Open filter Close filter. No results to be displayed. Should I Buy Bitcoin? Where to buy Bitcoin? How do I buy Bitcoins? Below are the platforms we recommend: CryptoGo is an intermediary service aimed at new investors.
Users have a personal account manager who buy bitcoins on the same day as they deposit it into your wallet. Margin trading, a large variety of order types and currency pairs all feature on this all-singing platform Binance is a large exchange with low fees and a high range of different trading pairs, Binance keeps on top of its game and is an established site where you can buy bitcoin securely Paxful offers a great variety of payment methods, ideal for newcomers who want to buy bitcoin with credit cards, visa or other familiar payment methods Coinbase is one of the largest, if not, the largest Bitcoin exchange.
At this time, you cannot buy bitcoin with paypal on coinbase. How to Buy Bitcoin on eToro Step one — sign up as below and pick your country from the dropdown menu. If you want to see just how easy it is to buy with eToro then click here to set up your account. Step 1 — Sign up by in putting your name and email address details.
Bitcoin Buying - Verification Process All reputable exchanges and brokers, however they operate, need to verify your personal identity and address details. So, can you buy Bitcoins anonymously? If you wish to keep your financial matters private or prefer not to put your trust in big financial organizations then below are the two best ways to buy Bitcoin anonymously: Which Payment Methods can you use to Deposit? How to buy Bitcoins with cash at Walmart? Is it possible to buy Bitcoin on eBay?
Can I buy bitcoin with Amazon gift card? Which Places Accept Bitcoin Payments? For example, you can Buy Bitcoins with a credit card on reddit and you can also use it to buy services from: Buy Bitcoin today and see how much ROI you can make. Read More Buy Now.