How to Buy Bitcoin: A Step-by-Step Guide for Beginners

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Whether you're a beginner or an expert cryptocurrency entrepreneur, understanding how to buy various assets can boost your prosperity significantly. One who knows how to buy Bitcoin understands the best time to purchase the coins. Additionally, you'll know where to buy Satoshis conveniently and how to keep them safe against theft. As you venture into crypto trading, remember that some virtual currencies, including Bitcoin, have variants. So, ensure you've adequately studied and understood the asset you intend to buy before you begin. 

Why People Purchase Bitcoin

Well, this is one of the primary questions bothering most crypto startups. People buy cryptocurrency for various purposes. For example, some billionaires accept Bitcoin to attain status. All they want is to participate in this beautiful technological transformation. 

The other possible reason people buy cryptocurrencies such as Bitcoin is to use them to pay their bills. And this makes sense, especially now that hundreds of merchants have started to accept Bitcoin payments. Not to mention, cryptocurrency transactions are highly efficient, flexible, and cheap. So, you can't blame anyone for wanting to buy Bitcoin.

However, you'd want to purchase Bitcoin to trade it on robust Bitcoin exchanges like Bitcoin Era. This cryptocurrency trading site is one of the best, boasting fantastic trade enhancement features. Today, many people across the globe earn a living from Bitcoin investments, and you can also join the team and make a difference. Follow the steps below to purchase Bitcoin seamlessly.

Choose the Best Marketplace

Succeeding with your Bitcoin purchase as a beginner depends on the site where you buy it. It's better first to research the available cryptocurrency exchanges to identify the perfect one for your case. Consider buying BTC from an authentic and secure site. Also, the Bitcoin exchange should be affordable in terms of transaction charges. 

Some cryptocurrency trading sites accept only one payment method. And this could be direct bank deposits, BTMs, or PayPal. So, before selecting a cryptocurrency exchange for your BTC purchase, you must ensure it supports your preferred payment mechanism. Alternatively, you can buy Bitcoin from a Bitcoin ATM directly to your digital wallet.

Buying Bitcoin from an Exchange

This is one of the simplest and quickest ways to purchase cryptocurrency. There are many active Bitcoin trading platforms today, and you can access them anytime and from anywhere. Register an account by providing all the relevant information. Deposit the amount you'd like to spend into your bank account, and then use the money to recharge your exchange account. Now place a Bitcoin purchase order or readily buy from sellers on the platform.

Buying Bitcoin from an ATM 

Bitcoin ATMs are also efficient and fast. Unfortunately, they are only available in some places because it's still an upcoming technology in the cryptocurrency sector. To buy BTC from an ATM, you need fiat money (in US Dollars or Euros) equivalent to the amount of BTC you'd like to purchase. Deposit the cash at the ATM by selecting the BUY option from the menu. You can transfer the Bitcoins you've bought to your digital wallet by scanning the QR code on the ATM display using your wallet's app. 

Implement a Suitable Bitcoin Storage Strategy

Remember, you can't carry your Bitcoins in your pocket. You require an appropriate cryptocurrency wallet to store them. Most experts encourage users to keep their BTC in cold wallets for extended storage. However, they encourage using hot wallets for short-lived storage.

Parting Shot!

Beginners are lucky because purchasing Bitcoin is more straightforward than five years ago. The process begins by identifying a suitable marketplace. Next, the buyer must deposit conventional money to their bank account and use it to recharge their exchange account. You can buy Bitcoin from a reputable cryptocurrency exchange or an ATM if there's one in your area. Finally, cold wallets are the most appropriate option for prolonged Bitcoin storage. However, hot ones are ideal for short-lived storage.