How to Buy Bitcoin (BTC) Guide 2018

How to Buy Bitcoin

How to Buy Bitcoin (BTC)

A Step by Step Guide

This guide will teach you how to buy Bitcoin. We know that so many methods are available, so we made your life a little easier. Keep on reading! 

Step 1. Choosing the Best Bitcoin wallet

*If you already have a Bitcoin wallet, you may skip to: Choosing an Exchange.

Also, you don’t really need a wallet because the exchange you’re using to buy Bitcoins already has one. It’s just safer to get one.

Choosing a wallet is pretty easy. Either go for a digital (online) wallet, or a Hardware (physical wallet). Keep in mind, hardware wallets cost money. They are the safest type of wallets though.

The most popular online wallet is: Blockchain.info (I’ll teach you how to set this up now)

Hardware Wallet: Ledger Nano S (Full Review and Guide Here)

Blockchain.info Wallet Setup

First, go to Blockchain.info and click “Get a Free Wallet”.

Next, Create an account. It’s very simple, just need to type your e-mail and set a password. 

Congrats! Now you have a Bitcoin wallet. Make sure to verify your e-mail and write down your backup phrase. This can be used to recover your wallet in case you forget your password.

Finally, click “Request” on the top left of your screen. A window will pop up with your “wallet address”. This is what you give when you want to receive Bitcoins.

Now lets choose a Bitcoin exchange!

Step. 2 Choosing the Best Bitcoin Exchange

Choose Bitcoin Exchange

For paying with Paypal, Moneygram, Western Union, Cash, Bank Deposits, Skrill, Gift Cards, and More.

                   For paying with Credit / Debit Cards.

LocalBitcoins: Buy Bitcoin

1) First, go to Localbitcoins and sign up.

2) Next, you should verify your account. You don’t need to, but sellers may require you to do so. It will only take a few minutes, don’t worry.

3) Now you’re ready to buy Bitcoins! Go to the home page and you’ll see a “Quick Buy” form.

Select how much you want to buy, what country you’re in, and what payment method you’d like to use.

4) Choose a Trader with good reputation. Remember, you’re trading with other people so you need to start a trade and wait for a response.

6) Start the Trade. Make sure you read the sellers terms very carefully. 

Type how much you want to spend for Bitcoin, and click “Submit Trade Request”. Your Bitcoins are now in an escrow(middleman) system.

Make sure you’re ready to pay as soon as you start it.

7) Make Payment. For whatever payment method you chose, make the payment as soon as possible and click the “I have paid” button. Keep your receipt as well.

Congratulations! But, how about when you’re ready to sell your Bitcoins? It’s simple, you just reverse the steps.

*I always sell my Bitcoin on LocalBitcoins. It’s easy and you sometimes you can make a profit! 

*Feel free to ask us any question at our digital help desk!

Coinmama: Buy Bitcoin

1) Go to Coinmama and register. 

2) Verification. You will need a valid ID to get verified but the verification is pretty self-explanatory. 

2) Start Purchase. Choose your currency, how much you want to spend, and click “Buy Bitcoins”.

The interface is very beginner-friendly. *As shown below

3) Now you need to choose which payment method (visa or mastercard). After, input your Bitcoin address in the required field. 

Now, you are ready to make your payment. You will receive your Bitcoins within 30-45 minutes after payment is made.

Congratulations! But, how about when you’re ready to sell your Bitcoins? It’s simple, you just reverse the steps.

*I always sell my Bitcoin on LocalBitcoins. It’s easy and you sometimes you can make a profit! 

*Feel free to ask us any question at our digital help desk!

 

Remember, Be Smart & Invest

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