How to buy Bitcoins

Everyone is curious about what bitcoin is and how it can be earned and spent. Bitcoin is the most popular and largest digital currency in the world in terms of market capitalization and market share where there are no intermediaries to handle transactions. The co-founder of Microsoft, Bill Gates has a lot of confidence in Bitcoin to the point of saying: “Bitcoin is a technological tour de force.”

According to Leon Louw, a candidate for the Nobel Peace Prize, every informed person needs to know at least bitcoin, as it has the potential to become one of the most significant developments in the world.

One can buy bitcoins directly from other bitcoin users via marketplaces or through exchanges, and one pays for them with hard cash, credit or debit cards, electronic transfers, other cryptocurrencies, PayPal, et al.

So, how can you buy Bitcoins?

Get a Bitcoin Wallet

This is the first step to buying bitcoins, since you need a place to store, receive and send your bitcoins. Different bitcoin wallets provide varying levels of security, and you can choose the level of security that works best for your transactions. The most popular wallet options are

• A wallet program stored on your computer’s hard drive

• A web-based service that is an online wallet

• A multisig wallet that incorporates the use of several different keys to protect the account and keep your bitcoins safe and offline

The next step is to fund your Bitcoin wallet and start placing orders.

Where to buy Bitcoins

• Localbitcoins:- This is the primary site for arranging face-to-face transactions and negotiated prices. Its escrow service has made the site popular since it adds a layer of protection for the buyer and seller with a trust score of A. you can pay for bitcoins via PayPal, cash, or bank transfers.

• Coinbase:- This is another of the popular bitcoin wallets with one of the simplest ways to buy bitcoin. When you sign up, you get a $5 bonus. It has a trust score of A+. Use your card or bank transfers to buy bitcoins.

• Wesellcrypto: – This site is high, and it is beginner friendly. It has a trust rating of B+, and you can buy bitcoins via your PayPal account.

• Bitquick:- This site is also beginner friendly which allows users to buy and accept payments for bitcoins via hard currency and bank transfers. It has a trust rating of B.

With bitcoins, you can anonymously buy goods; make international payments cheaper since Bitcoins are not subject to regulation by any country. The bitcoin market is very volatile and more people buy them hoping to make a profit when the price rises.