How To Buy Bitcoin Online Securely: Step-By-Step Guide

1. Buy Bitcoin Online: Full Guide According to our research, there are a lot of investors who are already trading Bitcoin and there are many more who are thinking to become a part of the Bitcoin world. However, as a beginner in the crypto world, they are not sure about “How to buy Bitcoin Online?”. If you’re one of them then don’t worry this blog will provide a step-to-step guide for buying Bitcoin:

2. Choose A Platform To Buy – Step 1 If you google “How to buy Bitcoin?” or “Where to buy Bitcoin?”, you will find a long list of exchanges with pros & cons supporting Bitcoin. This is because Bitcoin is the most famous cryptocurrency that is currently ranking in the first position. Basically, there are 3 ways through which you can buy Bitcoin:-

3. Cryptocurrency Exchanges There are a lot of exchanges that allow you to buy Bitcoin. Almost all of the reputable exchanges support Bitcoin like Coinbase, Binance, Kraken, Gemini, eToro, etc. However, every exchange has its own features. It totally depends upon you which exchange fits best with your requirements.

4. Peer to Peer Platforms Peer to peer platforms is those marketplaces that allow you to buy Bitcoins with no central body involvement. This means they support direct dealing between buyer and seller, no intermediary or third party is involved. These platforms generally do not demand transaction/brokerage fees or it may charge very less.

5. Documentation And Payment Method: Step-2 • Once you have chosen the buying platform the net thing you’ve to do is go on with the verification process. For this verification process, you may have to submit your personal documents such as your driver’s license, social security number, and information about your employer and your sources for funds.  • Once the verification process is complete (which may take some hours, even several days sometimes), you can connect to a payment option. Different exchanges support different payment modes to buy Bitcoin. So, you have to find what payment method your chosen exchange is providing and connect accordingly.

6. Place An Order: Step-3 Done with choosing a platform and connecting it with a payment option? Good, finally you can place your order to buy Bitcoin. Nowadays crypto exchanges offer a number of order types and ways to invest such as market order, Fill or Kill order, Limit order, Stop orders, etc. You may choose accordingly. Also read, How to sell Bitcoin From PayPal

7. Move To Your Wallet: Step-4 • After acquiring your Bitcoin, do not leave it on exchange. Move your coins to your own Bitcoin wallet. If you don’t have your own Bitcoin wallet, download the one, and if you’re confused about which wallet to download then refer to our other article (Best multi-cryptocurrency wallet to choose in 2021). • Completed the process? Congratulations! Now you have the world’s topmost cryptocurrency with yourself,i.e, Bitcoin. Spend it wherever you want to do or lend them and earn more Bitcoins without investing more money through Bitcoin Lending.

8. Conclusion It can be concluded that as a beginner in the crypto world buying Bitcoin Online can seem somewhat tricky. However, it is not difficult at all. It is just there are some essential things that every Bitcoin investor needs. These things are a cryptocurrency exchange account, personal identification documents (if you are using a KYC platform), a secure internet connection, a method of payment. If you have all these things then you don’t have to think much about how to buy Bitcoin. Just follow the steps and get your Bitcoins. Also read, How to sell Bitcoin In Canada

9. Thank You