How To Buy Bitcoin | A Guide With List Of Exchanges

Bitcoin is a form of digital currency that can be exchanged for goods and services with vendors that accept it as payment. Buying bitcoins is much easier than the other digital currencies in existence because you can purchase them on an online exchange and store them on your smartphone or laptop; no lengthy account setup or verification process is required. The following article explains how to buy Bitcoin. With the advancement of BTC exchanges, it’s now fairly easy to buy bitcoin anywhere in the world. Let’s have a look at some of the most trusted marketplaces to buy BTC.

Paxful:

Paxful is a peer-to-peer (P2P) market place that allows users to buy and sell with each other. A P2P marketplace is one where users can buy and sell their cryptocurrencies online without the involvement of a third person. Here, the P2P exchanges act as a bridge between the buyer and the seller to prevent any kind of spam. Paxful is the world’s largest, user-friendly crypto marketplace and offers a wide variety of payment methods. Users can trade in crypto using literally any payment options available around the world. E.g you want to buy $600 worth of BTC, and another person wants to sell their BTC. Paxful will connect you two for the deal and during the process, the BTC worth $600 will be locked in the escrow of Paxful. After you make the payment and the seller verify it, BTC is released instantly to your wallet. It doesn’t charge any fees from the buyers but sellers have to pay a very small fee. So, if you’re going to buy BTC, there is no fee for you. You can hold that or sell at a higher price to some other buyer. It’s up to you. Paxful is an open platform for people who want to exchange their bitcoin for cash without any geographical restrictions.

Binance:

It is one of the fastest-growing crypto exchanges and now serves more than 180 countries. The Binance platform supports many coins, trades often, has an intuitive user interface, and offers its users a variety of features to deal with or manage their cryptocurrencies. Binance offers a lot of payment options such as P2P, Credit card deposit, Direct Bank Deposit, or deposit by crypto. You can buy easily buy sell cryptocurrencies using Binance. If you’re not sure about creating an account or using Binance, you can watch our video for that.

OKEX

OKEX is a crypto exchange that is famous for its trustworthiness and easy trading options. It is headquartered in Malta. The exchange offers a wide range of payment options, P2P is the most popular. You can easily buy USDT via P2P, which you can later convert to other coins such as BTC, OKT, ETH, or any other coins available. Hundreds of trading pairs and hundreds of cryptocurrencies are available for trading.

Local Bitcoins:

Like Paxful, Local Bitcoins is also a peer-to-peer online exchange that connects people in the United States to buy or sell bitcoins. This site has one of the largest numbers of bitcoins tradeable as compared to other cryptocurrency exchanges. To try and facilitate transactions, Local Bitcoins charges a 0% fee for buyers and minimal fees to sellers. It also provides an escrow service that ensures hassle-free transactions for both parties. LocalBitcoins has more than 2 million users from over 200 countries. It was founded in 2012 by Jeremias Kangas, Alexander Jentzsch, and Virgilijus Šmogaitis. The company operates out of Helsinki, Finland, and has been very successful in helping people find reliable means to buy and sell bitcoins. 

MXC Exchange

MXC Exchange is a new, innovative, and invigorating cryptocurrency exchange that seeks to provide traders and investors with stable, high-volume trading pairs and the tools they need to succeed. To get started, all you need to do is sign up for an account on MXC Exchange. Create your account with your email address, username, and password of your choice. Once this is complete, you can immediately start trading on the platform.

CoinBase

Coinbase is an international digital wallet for storing Bitcoin, Ethereum, and Litecoin. It allows users to buy and sell cryptocurrencies with either US dollars or euros at the current exchange rate. Coinbase is one of the most popular cryptocurrency exchanges in the world due to its simplicity. You can create a wallet and start purchasing cryptocurrency in minutes. You can also get $10 on your first deposit of $100 or more. To get $10, please click on the button below.

BitMart

BitMart is a cryptocurrency and digital asset exchange with global coverage. It aims to offer a safe, credible, smart, and efficient trading platform for users around the world. The BitMart team has decades of experience in the industry including running their own previous successful exchanges.

HotBit

HOTbit is a new cryptocurrency exchange that will allow the trading of crypto with major fiat currencies.

KuCoin

KuCoin is a digital currency exchange based in Singapore. The exchange was launched in 2017 but has already grown a lot. The exchange has been steadily gaining popularity among traders due to its low trading fees and an extensive collection of high-quality projects. KuCoin currently provides trading pairs with Bitcoin, Ethereum, Litecoin, EOS, KCS, and many other high-demand coins.

How To Buy Bitcoin Online?

The value of Bitcoin has been steadily rising, and it seems that no matter what day it is, the price of this cryptocurrency rises. Some have been lucky enough to buy Bitcoin while others have had to rely on more traditional methods such as buying from a broker. For those who are wanting to invest in Bitcoin, purchasing from a broker can be a cumbersome process. One way one can buy Bitcoin is with ease online through an exchange such as Binance, OKEX, and Paxful.

Where To Buy Bitcoin?

You can buy Bitcoin from the exchanges mentioned earlier. If you want to hold that for the very long term, then it’s recommended to use it in a separate wallet where you can secure your public and private keys. It’s very easy to transfer BTC from your exchange account to your wallet.

How To Buy Bitcoin For Free?

There are some faucets online where you can earn very little quantity of BTC by signing up and downing little tasks. But you must be careful that most of them are time wasters. OKEX also offers some daily BTC bonuses once you signup and perform the tasks they mention.

How Do I Start To Buy Bitcoin?

Simply follow our videos and articles and create an account on any exchange that you find suitable.

How To Buy Bitcoin With PayPal?

You can keep BTC inside your PayPal for free. However, there is no option to withdraw at the moment. So, you don’t actually have full control over your asset. It’s better to buy from Paxful using your Paypal. This way you can easily transfer away from Paxful to some wallet if you want to keep it for the long term.