Are you planning to invest in Bitcoin? This is one of the most fascinating investment assets of our generation.
Bitcoin was launched over ten years ago and since then has grown and matured. It has survived several big drops to recover and gain even more. Bitcoin has fought off slander and harsh speculations and is still standing tall.
Personally, that is a sign of Bitcoin’s strength and the belief that current generations have in it. Since Bitcoin doesn’t fit in our traditional boxes, it has always been hard to define it.
Bitcoin is more than just a store of value, a digital p2p coin, a technological advancement and people are slowing learning about it. These people are the early adopters and those who are tech-savvy.
That means there is a new interest in Bitcoin and with this interest, a lot of beginners will try to find out how to buy Bitcoin easily.
This helpful guide will show you how to buy Bitcoin easily using three websites.
Buy Bitcoin Easily at These Three Sites
Here are my personal recommendations for three easy to use sites for beginners that want to buy Bitcoin.
Even if you have no previous trading or investing experience, these sites are perfect for you.
All you need is a computer, internet and funds to purchase with.
1 ) Coinbase
The first site is Coinbase, one of the biggest sites and most popular Cryptocurrency brokers. It mainly targets beginners or people who want to buy and sell cryptocurrencies with little, or no 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 a card or make a bank transaction. Card payment is faster, but has higher fees. A bank transaction can take anywhere 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 pay with card, you can simply select Bitcoin, the amount you want to purchase, then buy it.
If however, you want to make a bank transaction, you must 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 second website I recommend is Changelly, which became popular as an alternative to ShapeShift, where you could easily swap one crypto for another with just a few clicks.
Not only can you do that, you can also pay with card or a bank transfer.
Here is how you buy Bitcoin at Changelly:
Step 1 – Select Bitcoin to buy
Select Bitcoin to buy, the amount to purchase and then 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 your selection, you will have different steps to go through.
If you selected bank transfer, it might take a few days.
If you pay with 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. On this site, you can meet with sellers, agree on a price and the payment method of your choice.
I recommend LocalBitcoins because it adds options like cash payments, such as PayPal, Skrill, Neteller, Swish, etc.
Here is how you buy Bitcoin at LocalBitcoins:
Step 1 – Register an account
You must sign up for a new account before you can purchase Bitcoin.
Step 2 – Find a seller
Either you find a seller via the ads that they have posted 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. Note that LocalBitcoins has various 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, then the seller will release the Bitcoins to the service.
After that, LocalBitcoins will release the Bitcoins to you and the funds to the seller.
I hope this guide was helpful and gave you some clear ideas on how to buy Bitcoin easily using any of these three options.
Make sure to check if these sites are available 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, 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.