Are you planning to invest in Bitcoin? This is one of the most fascinating investment assets of our generation.
It was launched a bit more than ten years ago. And since then it has grown and mature. It has survived several big drops to always recover and gain even more. It has fought off slander and harsh speculations. It is still standing, tall.
For me, that is a sign of the strength of Bitcoin. And the belief that current generations have in it. It has always been hard to define because it doesn’t fit in our traditional boxes.
Bitcoin is more than just a store of value, a digital p2p coin, a technological advancement, it is more than that. And people are slowing learning about it. People beside the early adopters and tech-savvy few.
That means there is a new interest in Bitcoin. And with this new fold interest in Bitcoin, a lot of beginners will try to find out how to buy Bitcoin easily.
That’s why I wanted to write this helpful guide on how you can buy Bitcoin easily using any of these 5 sites.
Buy Bitcoin easily at these 3 sites
Here is my personal recommendation for five easy to use sites that I recommend to beginners that wants to buy Bitcoin.
These sites are perfect for you even if you have no previous trading or investing experience.
All you need is a computer, internet and funds to buy with.
1 ) Coinbase
My first option is Coinbase. This is one of the biggest sites and most popular cryptocurrency brokers. It mainly targets beginners and people that want to buy and sell cryptocurrencies with little, or no past trading experience.
Here you can buy Bitcoin using a credit or debit card or via a bank transfer.
Here is how you buy Bitcoin at Coinbase.
Step 1 – Register an account
Sign up for a new account with Coinbase.
Step 2 – Add your card or bank account
The next step is to decide if you want to use your card or make a bank transaction. Card payment is faster but with higher fees. A bank transaction can take anything from 1-5 days to complete.
With both options, you need to add either your card or bank account via your Coinbase settings page.
Step 3 – Pay / make deposit
If you decided to pay with your card then you can simply select Bitcoin, the amount and purchase it.
If however, you wanted to make a bank transaction then you need to go complete the deposit steps. And then wait for the bank transaction to complete.
After that, you can buy Bitcoin with the fiat money you deposited (USD, EUR, GBP)
2 ) Changelly
The other option that I would recommend to beginners is Changelly. It became popular as an alternative to ShapeShift where you could easily swap one crypto for another with just a few clicks.
But you can not only do that but also pay with your card or bank transfer.
Here is how you buy Bitcoin at Changelly
Step 1 – Select Bitcoin to buy
Select Bitcoin, to buy, the amount and the proceed to the next step
Step 2 – Select bank transfer, card payment or Apple Pay
Based on what you select Changelly will list some different options for you. Select the option with the cheapest rate.
Step 3 – Create a Bitcoin wallet
Step 4 – Copy your BTC address
With the wallet, you just created, copy your Bitcoin address. It is the long alphanumerical address of 20-35 characters.
Step 5 – Complete the purchase
Head back to Changelly. Depending on what you selected you will have different steps to go through.
If it’s a bank transfer then you need to make this transfer and it might take a few days.
If you pay with a card the purchase is immediate.
After that enter your BTC address that you copied and complete the purchase.
3 ) LocalBitcoins
The last option is to purchase Bitcoin from the peer to peer marketplace LocalBitcoins. This is a site where you meet up with sellers and then you agree on a price and what payment method to use.
I recommend LocalBitcoins because it adds options like cash payments, PayPal, Skrill, Neteller, Swish, etc.
Here is how you buy Bitcoin at LocalBitcoins
Step 1 – Register an account
You need to sign up for a new account before you can purchase Bitcoin so do that first.
Step 2 – Find a seller
Either you find a seller via the ads that the sellers have put up on LocalBitcoins marketplace, or you put up your bid offer and wait for a seller to contact you.
Step 3 – Agree on price and payment method
When you’ve found a seller the last bit of business is to agree on the price and how you want to pay. Remember that LocalBitcoins have lots of payment options.
From those, I mentioned above to many more, including bank transfer, vouchers, etc.
Step 4- Make the deposit
If you agreed on a PayPal transfer or bank transfer, for example, you would need to make the deposit to LocalBitcoins escrow service. And then the seller will release the Bitcoins to LocalBitcoins escrow service.
After that LocalBitcoins will release the Bitcoins to you and the funds to the seller.
I hope this guide was helpful, and that it gave you some clear ideas on how to buy Bitcoin easily using any of these three options.
You do of course need to check if these sites are available to you where you live.
But in general, they are very popular and trustworthy sites to use.
If you want to find more options to buy Bitcoin with a card then check out this guide, if you want to find exchanges that trade Bitcoin then you can use a site like Coinmarketcap to help you.
Otherwise good luck!
I’m a long-term fan and investor of Bitcoin and other cryptocurrencies. I’ve been around the space for a good few years, learning how it all works and to be a part of this engaging community.Now it’s time for me to share my experience with others. I am also a business and product developer so I know first-hand what it takes to create a successful product, brand and customer experience. And I am bringing this vision to my writing and how Go CryptoWise work. Connect with me on LinkedIn. Ask me anything on here.Get in touch with me to find out more about Go CryptoWise and what we care about.