3 Ways To Purchase Bitcoin
Basically, there are 3 different ways to purchase bitcoin(the most popular cryptocurrency nowadays)- Bitcoin is decentralized and widely accepted and therefore it will be better to use it.
***Read this article if you don’t have a digital wallet***
Buy Bitcoin Online
Online– Fast and easy way to purchase cryptocurrencies online with a credit card, the popular website Coinmama.com allows purchasing of cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin cash, Cardano, Qtum, Ethereum classic.
Coinmama.com is secure and trusted broker, available in 188 different countries.
After opening an account with Coinmama.com, you will need to verify the account by uploading a copy of your passport, national ID or driving license based on your preferred level of verification.
And a selfie of yourself(the account owner) holding the same ID and a note with “Coinmama” and the same day date written on it.
There are 3 levels of verification:
- LEVEL 1
CAN BUY UP TO $15,000 - LEVEL 2
REQUIRES $10,000 SPENT
CAN BUY UP TO $50,000 - LEVEL 3
REQUIRES LEVEL 2
CAN BUY UP TO $1,000,000
After the account will be verified, you will be under Level 1 verification, so you can buy Bitcoins for up to 15,000 USD with your credit/debit card.
Buy Bitcoin Using ATM
2. ATM- Cryptocurrencies ATM became very popular among investors. Buy Bitcoin(or any other supported currency) instantly with the BTC ATM:
-Set the amount to buy.
-Deposit cash into the ATM.
-Submit your wallet address(scan QR code from the smartphone screen) and confirm.
-Get the bitcoin directly to your wallet.
Locate near ATM’s – https://coinatmradar.com/
*Check local exchanges near your house, some of them may sell bitcoin and you didn’t even know.
Buy Bitcoin From Other Investors
Other investors- Just ask your friends, family, colleagues or any other people you can trust, you can find many people around you that bought Bitcoin and sell it.
By choosing that way, you can save some money because there is no additional fee applied, and the Bitcoin price is negotiable.
In case that you couldn’t find any sellers, localbitcoins.com offers a person-to-person bitcoin trading site.
*How To: Buy Bitcoins on LocalBitcoins.com
Localbitcoins users post advertisements where they state exchange rate and payment methods for buying or selling bitcoins, by reply and agree to this advertisement you can meet the person and make the transaction with cash, or trade directly by using online banking.
Those are 3 ways to purchase bitcoins, choose the one in your convenient.
Please, feel free to comment below if you have any kind of questions regarding cryptocurrencies or how to buy/sell it.
Wow, I’ve seen Bitcoin all over my newsfeeds but never really understood what it was until I read this article. Thank you for this very informative post.
It’s got me really curious. Thanks for sharing.
I was searching on a way on how to purchase bitcoin and I’m glad I came to this sit. I heard from social media that bitcoin made some people millionaires and I want to become one too.
The three ways to purchase bitcoin above are easy and convenient. I’m looking forwards to see a bitcoin ATM coming in our region.
I was amazed that there’s a way to purchase a bitcoin using locally or in person.
What do you think is the best way or the best company to invest bitcoin with?
In my opinion, for day trading- CFD’s broker could be a good way to trade.
For those who want to invest and wait for long-term, it could be better to buy from an ATM and use the exchange.
You can read more on: https://tradeproperly.com/how-to-trade-cryptocurrency