Bitcoin is becoming more and more popular. Slowly but steadily, Bitcoin is becoming mainstream. In the following article, we will explain step by step how to buy bitcoin and where to buy.
Bitcoin Trading: Which platform to buy from?
How do you trade bitcoins? Unlike the “normal” stock market, where stocks, funds or bonds are traded, buying bitcoins is not that obvious. Generally you get direct support from your bank when trading stocks, funds, etc., or you have friends and acquaintances who have been with you for some time and can help you. For bitcoin, this is usually a bit more difficult.
Banks do not offer cryptocurrency trading. Friends and acquaintances who have experience with cryptocurrencies are often not present due to the still relatively unknown market, which is still moving in a niche. So you are usually on your own. In the following section we would like to give you recommendations based on our experience on how to buy bitcoin:
Step 1: Find a Trustworthy Exchange
From our experience, Coinbase is a reliable, reputable and established Bitcoin exchange. Coinbase offers the possibility to buy Bitcoin in a fast and uncomplicated way. You can start right away with the purchase of the digital currency.
Step 2: registration
Visit coinbase.com and click on the “Sign up” button. With this you get to the following overview:
After entering your full name (first and last name), e-mail address, password and country, just click the “Create account” button. Coinbase will be send a confirmation link to your email address. After clicking the link in the e-mail sent by Coinbase, you can start buying Bitcoin.
But before, you will have to enter your phone number and provide additional information about yourself like employment situation, anual income etc.
Step 3: Buy Bitcoins
After logging in, you will see a overview of the current Bitcoin Price. You can also choose Bitcoin Cash, Ethereum or Litecoin in the overview section.
Under the menu item “Buy/Sell” you select Bitcoin and enter how much bitcoin you want to buy. You can choose between the following Payment Methods:
- Banc Account Link (US Users)
- Debit Card (US + European + Australian Users)
- Wire Transfer (US + European Users)
Bitcoin Wallet
Coinbase offers a wallet for all the currencies you can buy and sell on coinbase.com. Once you bought Bitcoin on Coinbase, you will see the corresponding units automatically in your Bitcoin wallet.
If you want to sell Bitcoin, you just have to generate your Bitcoin address and send your funds from your Desktop wallet, hardware wallet like Ledger or another Exchange to you the Coinbase address and you will see your funds in the overview.
If you have any questions about the process let us know and we’ll do the best to help you.
