So you’ve heard of a friend or maybe a news article from Bitcoin. You may even have read some of our articles on how to use Bitcoin. Now you want to buy some Bitcoin, but you are not sure how to really do it?
Once you’ve downloaded a Bitcoin Wallet, all you have to do is buy your first Bitcoins. Read on to see how easy it is to buy Bitcoin directly from your bank account, either with a credit card or with credit.
Two different ways to buy Bitcoin on Bitcoin.com
Basically, there are two ways to buy Bitcoin online: the fast track and the cheaper way. The quickest way to buy Bitcoin is with a credit card. This process only takes a few minutes, but there are fees. A cheaper, but much more expensive method is the purchase of Bitcoin on a stock exchange. Continue reading for a step-by-step guide to these two methods.
How to buy Bitcoin with a credit card
Bitcoin.com has partnered with Simplex to make it easy to buy Bitcoin with a credit card. Follow these steps to safely complete your purchase:
Step 1: Enter your Bitcoin address and select a desired purchase amount
Visit the Bitcoin buy page. Enter the BTC quantity you want to buy. Then specify to which Bitcoin address your purchased bitcoins will be sent. Open your Bitcoin Wallet, copy your Bitcoin address and paste the address in the field “Bitcoin address”. The Bitcoin you have purchased will be sent to this address. Remember, you can always download a Bitcoin Wallet for free.
Step 2: Enter billing information
Once you have entered your Bitcoin address and selected a purchase amount, click the button to continue. From here you will be redirected to the Simplex checkout form. Just follow the steps, enter your information and voila! Your purchased Bitcoins will be sent to your Bitcoin Wallet address. This can take between ten minutes and more than an hour.
It’s incredibly easy to buy Bitcoin online with a credit card. It is also fast and safe! Next, how to buy Bitcoin on a stock exchange.
How to buy Bitcoin at an Exchange
A Bitcoin Exchange is an online marketplace where users can buy and sell Bitcoins after they have established an account on the Exchange. You must choose an exchange based on your country of residence and the desired shopping currency. Also, read how to choose the right Bitcoin exchange based on your specific needs. Here is a basic overview of buying Bitcoin on a stock exchange:
Step 1: Select Exchange
Choose an exchange by entering your home country and then selecting from our list of approved exchanges.
Step 2: Set up an account
Set up an account on the Exchange. Depending on the exchange, different forms of identification may be required.
Step 3: Connect bank
Connect one or more bank accounts to your Exchange account. Any purchases or sales you make will be deducted or paid from the selected bank account.
Step 4: Select the amount to buy
Once you have created an account on your selected stock exchange and added a bank account. Navigate to the buy feature on the Exchange: Choose a BTC amount to buy, enter your Bitcoin address, confirm the purchase, and wait for the purchased Bitcoin to reach your wallet.
Buying Bitcoin is a breeze!
The decision to buy Bitcoin with a credit card or on a stock exchange depends on how quickly you want to complete the transaction, what fees you are willing to pay and how willing you want to register with a stock exchange (which is not strictly necessary). Verification of bank account or identity before purchase). Regardless, Bitcoin.com has the tools you need to make your dreams of Bitcoin a reality. Once you’ve acquired some Bitcoin, you should follow the price or use some of our cool Bitcoin tools.