Now you’ve got money and want to buy Bitcoin, But HOW ?.
Now let’s dig in to this wonderful piece, there are various numerous ways to buy or acquire bitcoin and other Altcoins, it’s very easy to buy bitcoins, though there are many scammers out there waiting to Rip you off your hard earned money, that’s why we are only going to list secure ways to buy bitcoins which has been tried, tested and trusted. 😄
- Buying On Online MarketPlaces.
- Buying on Brokers/exchanges.
- Peer-to-Peer Trading.
1. Buying On Online MarketPlaces.
This is always the most populous option to buy bitcoins in the internet, buying bitcoins on online marketplaces has always been the easiest for instant trades, though it’s full of risk but online marketplace platforms also has some good security in check to Protect you from falling prey to scammers.
Some of the most popular online marketplaces are Localbitcoins, Paxful and Remitano.
The oldest and most popular bitcoin marketplace in the Crypto Sphere today, LocalBitcoins is a P2P Bitcoin exchange. Buyers and sellers agree on trade terms, and LocalBitcoins is used as escrow.
When buying bitcoins from LocalBitcoins, always check sellers with high star ratings/reviews and number of successful completed trades, LocalBitcoins has an easy to use platform so you will have no problem navigating around the website as almost every pages in the website are very much self explanatory.
2. Buying On Brokers/Exchanges
This seems to be also one of the most popular ways to acquire bitcoins, you can buy bitcoins from Brokers and exchanges, One of the most popular Brokers is Coinbase, though not every country can buy bitcoins from Coinbase for now, that’s why we are also going to list others which allows purchase of bitcoins globally.
You can easily buy bitcoin from coinbase with your Credit/Debit card and byconnecting your bank account to your coinbase account or by bank transfer, Not every country can buy bitcoins from coinbase, for now Coinbase offers its brokerage services mainly in the United States, United Kingdom, Canada, Singapore and some few other European countries.
Not from any of the country listed above ?, No worries, we’ve got you covered, *winks*
Another big guy in the industry is Coinmama, they have been in the game for so long and have gathered much trust from the Crypto community, you can buy Bitcoin with your Credit/Debit card, paypal and bank transfer on coinmama.
Unlike Coinbase, All countries globally can make a bitcoin purchase on the website, no country is restricted which makes it a major turn on for any one in any part of the world.
It’s very easy to get bitcoins from coinmama, head over to the website, create your account, choose the amount of Bitcoin you want to buy and click on “Buy Now.”
Add your Credit/Debit card details and then follow the instructions to complete the payment and confirm your receiving bitcoin wallet address, immediately your payment is confirmed, your coins will be sent to your wallet instantly.
Offering one of the most competitive rates, you can easily buy bitcoins with your Debit/Credit Card in any country in the world, CEX.IO accepts MasterCard, Visa, Paypal Debit MasterCard.
You won’t be able to purchase more than $400 worth of bitcoins per day and $2000 per month with the normal basic account, if you want to buy more than the limit then you will have to verify your account, verified accounts on Cex.io can purchase up to $10,000 worth of bitcoins per day and up to $100,000 per month Verified users can also make bank transfers with no charge fee from Cex.io
Purchasing Bitcoins is pretty much easy and safe at CEX.IO.
3. Peer to peer Trading
In this type of trade you meet up physically or online with the seller and have a deal with him or her directly without intermediation by a third-party, This can be risky at times if done online but more easier if done physically, if you are meeting physically with the seller, you’re advised to meet up in a public area.
If you are meeting online, maybe you posted an Ad on telegram, whatsapp, instagram, twitter, e.t.c , stating you want to buy bitcoin and someone offers to sell, you’re also advised to use a trusted escrow.
sometimes you might be in a bitcoin merchants group on Social Media groups, Admin of such groups are mostly trusted but you shouldn’t start a trade if you just joined such group newly, stay for a while in the group, analyze the total number of successful trades in the group and how the escrow system in such groups works.
Normally if the group is Tried, Tested and Trusted, you send Cash to the escrow and the seller sends bitcoin to you why the escrow forwards the cash to the bank account of the seller, and the trade is completed successfully.