How to Get Bitcoin… You may be wondering how to obtain the electronic currency “Bitcoin” which has already captured the minds of investors and topped the headlines of various economic electronic newspapers, and whose popularity is constantly increasing around the world, allowing the spread of its applications on the Internet, so everyone wanted to acquire it, as it has a great price, so everyone wanted to acquire it.
Bitcoin has also become a rare currency and a good investment due to many analysts’ expectations that its price will rise further in the coming years. Today, we’ll show you how to buy bitcoin and provide you with all of the information you’ll need to complete the transaction successfully, as well as how to exchange your electronic currency for cash. Before buying bitcoin, there are a few things you should know.
The first is that you want to buy, and everything else will be simple after that. To have a successful process, simply follow the steps in order, so you, dear reader, must follow the next steps.
Table of Contents
Step 1: Find a Bitcoin Wallet
Electronic wallets, desktop wallets, phone wallets, paper wallets, and even cold wallets are all options. Greetings, reader You have a variety of electronic wallets to choose from, and the Bitcoin wallet is one of them.
It is a wallet that is used to store what you own of electronic currencies so that you can control and spend them as you wish, or even exchange them for other currencies, and we recommend that you go to the Bitcoin wallet lesson to learn more about the best wallets to use in various situations.
We recommend that you begin with a wallet that is simple and easy to use so that you can get used to it. You can find one easily on the Internet, which can be downloaded for free and where your money can be saved for free. as well as theft.
Step 2: Choose Your Bitcoin Trader Carefully
It is one of the methods for obtaining bitcoin; however, you should be aware that while there are many merchants you can trust to purchase bitcoin, there are also some scammers. You must consider the fees for purchasing that currency and the payment methods available if you do not use an intermediary.
The main site where these transactions and rates are negotiated is LocalBitcoins. As an added layer of protection for both parties, the website provides a warranty service.
Ways to get bitcoin
Purchasing bitcoins from one of the companies that offer them. “Coinbase” is the most obvious recommendation when purchasing your first bitcoin. It is a simple and easy-to-use site in case you are unsure about one merchant versus another, it does not require you to pay exorbitant fees, and it appears to be of high quality when it comes to customer service. It caters to customers, has a user-friendly interface, and is accessible via desktop and mobile devices.
Step 3: Choose the appropriate payment method
Exchanges provide a wide range of payment options, including bank transfers and credit cards. However, some methods are not available in the payment process, such as PayPal transfers and wire transfers. BTC ATMs allow you to exchange currencies in compatible wallets for cash, but they’re only in a few places, and they’re not available everywhere.
You put your money in the machine, then scan the QR code of your wallet with your smartphone, or you get a paper receipt with the necessary code to load BTC into your wallet, And you should know, dear reader, that the exchange rate ranges between 3% to 8% in excess of the original exchange rate.
Step 4: Buy Bitcoin and store it in your wallet
When the price of bitcoin rises above $ 8000, you will be able to buy a fraction of it; for example, if you want to buy bitcoin for $ 500, you can buy 0.0534 BTC ; the value of this fraction varies depending on the price of bitcoin at the time you want to buy it, but don’t let that worry you.
As long as you pay close attention to the numbers you’ll pay and what you’ll get, as well as the price of BTC at the time you’ll buy, you’ll be fine. We advise you, dear reader, to begin by purchasing a small amount and gradually increase your investment until you achieve a larger profit, rather than risking a large sum at the outset.