How to Buy Bitcoin
The Beginner's Guide with Easy Step-By-Step Instructions
How do you buy Bitcoin? We will help you answer that question and buy Bitcoin in this guide. Below we have simple step-by-step instructions to buy Bitcoin directly with your credit/debit card!
Bitcoin has become very popular lately and not only among individuals. Even the big financial market has opened an eye and started investing in Bitcoin. The high demand for Bitcoin causes the price to continue to rise.
Did you know that the big interest has led to unexpected delays in the Bitcoin network? The reason is that people are flocking from all parts of life because the cryptocurrency offers many advantages over traditional currencies.
There is a limited supply of Bitcoins and there is no indication that demand will decrease, but the opposite. Have you been thinking of buying Bitcoin but hasn’t because the price is too high? You’re not alone. However, keep in mind that the price was also high at $10, $100 and 1000 dollars.
Bitcoin is here to stay, it’s proven that the technology works and is safe. At the same time, past performance is no guarantee of future results. Bitcoin offers more freedom but also more responsibility. It’s important to understand what you’re buying. We have many beginner guides about Bitcoin to help you get started. If you continue to read this guide, you will learn how to use and protect your Bitcoin.
NOTE! It is important that you read the security and wallet sections at the end of the guide to avoid losing your Bitcoin.
This is just the beginning, Bitcoin and blockchain technology are developed and improved every year. You have not missed the train. Below you will find Bitcoin buying tutorials for the most popular exchanges on the crypto market. Follow the easy guide and buy Bitcoin instantly!
CEX.IO Bitcoin Buying Tutorial
CEX.io is a trustworthy exchange where you can buy Bitcoin (BTC), Ethereum (ETH) and more cryptocurrencies. It’s one of the oldest Bitcoin exchanges on the crypto market with over 1 million active traders. It only takes a few minutes to buy Bitcoin and other cryptocurrencies with your credit/debit card. You can buy Bitcoin with a bank transfer, SEPA transfer, Skrill, CryptoCapital or directly with VISA/MasterCard. Follow our simple step-by-step instructions below to buy Bitcoin directly at CEX.io!
1. Create Account
Here you can open an account at the CEX.io Exchange. Enter your email address and password or sign in with Facebook, Google Plus or other platforms. It can’t be easier, and it only takes a few seconds to open an account at CEX.io. Once you have created an account, you will be logged in immediately, and you will receive an email that you need to verify.
2. Add Credit / Debit Card
When you are logged in, click on “Cards” in the navigation menu to add your credit/debit card. There you fill in the details of your Visa/MasterCard (which is the card number, cardholder’s name, and expiry date). You can add how many debit cards you want as long as your name is on the card.
3. Upload Photos That Prove Ownership
In the next step, you need to upload three photos to prove your ownership. You will take a selfie holding your ID and photos on your identification (passport, driving license or ID card) together with your credit/debit card. As you can see in the image below, take a picture of the front and back of your ID card and credit/debit card side by side.
(Their payment card department may want you to write down today’s date on a piece of paper and take a self-portrait. You may find it annoying, but because the exchange complies with KYC rules, this can be required. This type of verification is used on all popular exchanges to provide a safe service).
4. Enter CVV / CVC Code
Next, you need to enter the CVV/CVC number on the back of your credit/debit card to verify that you have your payment card.
5. Verification of Small Amount
Finally, CEX.io will check your payment card with a small amount (less than $1.00) to complete verification with your payment card issuer. If you log into your bank, you’ll see the small amount that automatically will be refunded when your credit/debit card is verified. Fill in the exact amount of the verification charge, and you’re done. (This is usually done directly, but it may take up to 48 hours to link a payment card to your account).
6. Buy Bitcoin!
When your credit/debit card is linked to your account, you can immediately buy Bitcoin. Log in and click on “Buy/Sell” or “Trade” in the navigation menu to buy Bitcoin, Ethereum, Dash and other cryptocurrencies.
Read our CEX.io Review to learn more about the exchange. We list all pros and cons with the exchange and shows how to use their platform. You will learn about the company’s background, user experience, security and protection, fees and limits, verification and restrictions, different account types, and everything you need to know.
Coinbase Bitcoin Buying Tutorial
You can buy Bitcoin with a linked bank account, SEPA transfer or directly with credit/debit card. Below we have made a buying tutorial on how to buy Bitcoin and cryptocurrency direct with your credit/debit card. Follow our easy step-by-step instructions and buy Bitcoin now!
1. Create Account
It’s very easy to open a Coinbase account. A simple process that takes no more than a few minutes. Open an account here and buy or sell for $100 or more to get $10 free bitcoin!
2. Navigate to Settings
Once you have verified your account and logged in, click on “Settings” in the navigation menu. Under Settings, click on “Payment Methods” to select the payment method.
3. Add Credit/Debit Card
If you did not add your credit/debit card when registering, click on “Add Payment Method” and select “Credit/Debit Card”. There you fill in the details for your credit/debit card.
If your credit/debit card was accepted, you will see a confirmation as below. That means we’re ready to buy bitcoin. If you click on “Buy digital currency” you will come to the buying page.
5. Buy Bitcoin!
If you visit the “Buy/Sell” page, you should see a widget where you can buy Bitcoin. Enter the amount you want to buy and click on “Buy Bitcoin Instantly”. Now you have bought Bitcoin!
Read our Coinbase Review to learn more about the exchange.We list all pros and cons with the exchange and shows how to use their platform. You will learn about the company’s background, online wallet, user experience, security and protection, fees and limits, privacy policies for user accounts, customer service and everything you need to know.
Coinmama Bitcoin Buying Tutorial
Coinmama is a popular exchange where you can buy Bitcoin easily and quickly. The company has integrated Simplex, which makes it possible to buy Bitcoin and Ethereum directly with your VISA/MasterCard. There are also other payment methods available in selected regions. Coinmama offers the safest way to buy Bitcoin because it’s transferred directly to your private Bitcoin wallet. Follow our easy step-by-step instructions below to buy Bitcoin directly with your bank card!
1. Create account
The first step is to open an account at Coinmama. Fill in your email, first and last name, password, and country of residence. That’s all that’s needed! You will then receive an e-mail to confirm your information. Click here to open an account.
2. Verify your account
When you log in, you need to verify your account before you can buy Bitcoin. First you have to fill in some personal information and then upload a picture of yourself and your ID card. We have attached an image below with clear instructions along with different account levels. The more information you verify, the higher your buying limit will be. Log in and navigate to “My Account” -> “Verify your account” and follow the steps to verify your account.
3. Enter amount to buy
Coinmama will check your personal information and then notify you when you can buy Bitcoin. This is usually done fast but may take longer if there are many new users. Once your account is verified, click “Buy Bitcoin” in the navigation menu and specify the amount you want to buy.
4. Select payment method
The next step is to choose the payment method. The most common and easiest is to use your credit/debit card. In some regions, other payment methods are available. In this guide, we select “Credit/Debit card via Simplex”.
5. Enter your Bitcoin address
Then you can enter the address to which wallet Coinmama will transfer your Bitcoin. Don’t you have a Bitcoin address? In that case, we recommend that you buy a hardware wallet to store your Bitcoin securely. Read more about Bitcoin Hardware Wallets. Once you have entered your Bitcoin address, you may need to confirm it with an email from Coinmama.
6. Enter card details and buy Bitcoin!
The last step is to enter payment information and card details. Your information will be verified automatically, and Bitcoin will be sent to your wallet. Now you have bought Bitcoin!
Protect Your Bitcoin with a Wallet
Have you bought Bitcoin? If the answer is no, scroll up! If the answer is yes, congratulations! Welcome to the future financial world where you can be your own bank.
The next step is to secure your Bitcoin by taking control of your private keys. You need a private Bitcoin wallet to protect your Bitcoin and cryptocurrencies.
When you buy Bitcoin on an exchange, the money (private key) is kept in your account at the exchange. This is risky as the company stores and controls your Bitcoin.
The whole purpose of Bitcoin is to control and protect your own money. If you keep your Bitcoin on an exchange, your account may be restricted or blocked. In the worst case, you lose your Bitcoin if the company goes bankrupt.
For your Bitcoin to be secure, you need to transfer them from the exchange to a secure Bitcoin wallet. Once you have bought Bitcoin on a marketplace, we strongly recommend that you transfer them to a secure hardware wallet.
A Bitcoin hardware wallet is the safest way to store your digital money. Greater freedom also means more responsibility. Learn more and buy a hardware wallet here.
Important Security Information!
There are a variety of Bitcoin exchanges and services on the market. You should carefully evaluate products and services before using them. Beginners who are not aware of the security can lose their money.
However, it’s important to point out that Bitcoin is secure because it is based on mathematics. You can’t trick math. Likewise, you can’t trick Bitcoin. You only risk your Bitcoin if you use non-trusted exchanges and services.
Below we have listed important information to protect your Bitcoin. If you are aware of this and follow the guidelines, there is nothing to worry about.
- First of all, you need to know that Bitcoin transactions cannot be refunded. In that way, it works like digital cash. Bitcoin offers more freedom but at the same time more responsibility.
- Secondly, a Bitcoin transaction is only valid if it has been confirmed on the network. To complete a large transaction, we recommend that you wait for 6 confirmations to be on the safe side. The number of confirmations is usually displayed in the wallet or exchange.
- Bitcoin is pseudo-anonymous. This means that you can send and receive money without having to identify yourself. However, if your identity is linked to a wallet, you can map all transactions to it. All transactions are stored in a shared ledger and users can either be public or anonymous.
- There are many different types of Bitcoin wallets to choose from. But if you are serious about Bitcoin and want to protect your money properly, you should buy a hardware wallet. This is the safest way to protect and store Bitcoin. Read more about Bitcoin Hardware Wallets.
- There are hundreds of different cryptocurrencies and even more exchanges. Firstly, there are many unreliable exchanges that are not secure. Second, never store Bitcoin at an exchange, but instead transfer them to a private and secure wallet. At the end of the guide, we have listed popular exchanges where you can easily and safely buy Bitcoin. Read more about Bitcoin Exchanges.
Explore and Learn More
We invite you to explore and learn more about Bitcoin. It’s a big and exciting world that is being developed and improved every year. The crypto market is not only growing fast but because it’s new technology the growth is accelerating.
To avoid mistakes, you need to stay up to date. For example, more cryptocurrencies are created, and some use Bitcoin in its name. This can be confusing for new users and lead to mistakes.
A good website for keeping track of all cryptocurrencies and their prices is CoinMarketCap. If you’re interested in statistics and data, we can recommend Coin Dance. We mention more good websites and sources in our guides.
Bitcoin is here to stay. You can transfer money easily, quickly and cheaply. There are no geographical restrictions or closing times. Everyone on earth can transfer money 24/7 for extremely low fees.
We have many guides and reviews to help you navigate the crypto space. You can also subscribe to our newsletter below to stay up to date and get exclusive offers.
Below we list three of the most popular places where you can easily buy Bitcoin.