If you’ve been thinking about buying Bitcoins but are still not sure where to start, you’ve come to the right place! If you’re looking to buy Bitcoins and wondering how to do it, this detailed, informative article will be of helpful use to you!
For those who aren’t aware, Bitcoin is the leading cryptocurrency with its price reaching an all-time high of nearly $20,000 in December 2017. With that being said, it might be best to learn how to buy Bitcoins before their value soars even higher. For more details, you can click here.
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5 Ways to Buy Bitcoins: A Helpful Guide
If you’re new to the world of cryptocurrencies, you might not know exactly how to go about purchasing Bitcoin for the first time. This section of the article guides you through the process of buying Bitcoin to help you have an overall better understanding, making the overall process easier.
If you are looking for top ways to buy Bitcoins, this detailed article will walk you through the most popular methods to help you get started. With these tips in mind, you’ll be able to get started using cryptocurrency easily and safely in no time! Read on to know more in detail!
1) PayPal
First comes on the list is PayPal, one of the most popular platforms on the Internet. If you are a PayPal user, you can easily buy bitcoins with the platform. To get started, you simply need to log in first, then enter your card credential details and you are good to go. You’ll need to have either a US bank account or a US credit card to do so. With an existing PayPal account, buying bitcoins is one of many payment options that are now available for merchants. After clicking Pay Now you will be redirected through PayPal where you can confirm payment for your transaction using your debit/credit card, bank account, or Paypal balance.
2) Debit Card
After Paypal comes the option to purchase cryptocurrencies through a debit card allows you to buy crypto instantly. Since most exchanges accept debit cards, it’s one of the easiest and quickest ways for newbies to purchase Bitcoin, Ethereum, or Litecoin. Once you link your bank account with Coinbase, a popular exchange, buying cryptocurrency is as easy as 1-2-3 (or click-and-go).
You’ll need a debit card linked with your bank account. From there, select how much money you want to spend on cryptocurrencies and enter that into your bank account. At that point, any assets purchased are sent directly from Coinbase onto your card, meaning instant access to digital assets when purchasing them in person.
Related: Several Benefits of Paying With Bitcoin!
3) Bitcoin Exchange
To buy bitcoins, first, you need a reliable exchange. You can use sites like Coinbase and Coinmama, but these services often have low buying limits and processing fees. One way around these limitations is to find an exchange in your country that has partnered with a local payment provider.
4) Gift Card Exchange
Gift cards can be a great option to sell in exchange for Bitcoins. It’s also a good way to find discounted gift cards and make sure that you’re getting a fair deal on every purchase you make. You can set up an account in seconds with very little information, so you’re only a few clicks away from earning some extra digital dough.
5) Cash in Person
Some of the world’s biggest bitcoin exchanges don’t accept cash at all. This means that you need to either own or borrow a credit card or bank account to buy bitcoins. For example, if you live in a part of China where most people don’t use credit cards, it can be nearly impossible to buy bitcoins by direct cash exchange. In South Korea and Japan, on the other hand, you can use cash for purchases up to about USD 3,000 each day. Make sure you know what your daily purchase limit is!
Conclusion
At the end of the day, the sheer number of methods can make buying Bitcoins quite overwhelming for you. In this helpful guide, we walked you through some of the best ways to buy Bitcoins, along with some good tips on keeping your money safe from fraudsters.
