Buying Bitcoin can be simple and straightforward. Before buying your first Bitcoin and proceeding with the transaction, get yourself a Bitcoin wallet. Without Bitcoin wallet, you won’t be able to buy Bitcoins.
Follow this guide and learn how to buy Bitcoins instantly and hassle-free.
Warning: Please take care of your money and your financial privacy. Do your due diligence before sending money to an exchange or seller. If you want to buy Bitcoins, use reputable exchanges and marketplaces only.
Bitcoin newbies can be overwhelmed with the number of Bitcoin exchanges, sellers and wallet serves. However, not all of them are reliable. You should always look for exchanges and wallets, that have positive reputation among users. Majority of Bitcoin exchanges require identity verification to prevent theft. Nevertheless, you won’t get total anonymity and security as you will have to provide a copy of your ID to the system. Once your account is activated and verified, you will be able to buy bitcoin instantly.
Many people are asking me: how to buy bitcoins with Paypal? The truth is that PayPal banned its merchants from accepting PayPal payments for Bitcoins. So direct Paypal to Bitcoin exchange is not possible.
Luckily, I found a great solution for Paypal Bitcoin transactions. It’s called LocalBitcoins. Its service facilitates over-the-counter trading of local currency for Bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling Bitcoins. Other users reply to these advertisements by sending trade requests. The payment methods include Paypal, bank transfers, cash and even gift cards! LocalBitcoins is the easiest and most secure way of buying Bitcoins with Paypal. It offers escrow and conflict-resolution service, so you are safe when buying Bitcoins with Paypal. You can see exchange rates at LocalBitcoins here.
Buying Bitcoin with a credit card or debit card is easy and fast. However, transaction fees can be high due to complex verification process.
While there are hundreds of companies accepting credit/debit cards payments for Bitcoins, only few of them are trustworthy. Below you will find a list of the most reputable companies, where you can buy Bitcoin with a debit card or credit card.
Coinbase is the largest Bitcoin broker in the world, and it’s available in over 30 countries as of 2016. In order to buy Bitcoins instantly, you will need to add your bank card and identity proof. As fully verified users, you will be able to buy up to $1,000 worth of bitcoin per week. Level 2 users can instantly buy up to $100 worth of bitcoin per week.
Furthermore, Coinbase offers really low transaction fees of 3.99% compare to other exchanges.
Use this link to get $10 or €10 worth of free bitcoin when you buy more than $100 or €100 on Coinbase.
CoinMama is specialized in helping users to buy Bitcoin with a Debit card or Credit card instantly. The transaction fee is 5%, which is slightly higher than on Coinbase. However, if you want to buy a lot of Bitcoins using Debit or Credit card, CoinMama is the best choice.
Verified users can buy up to $5,000 worth of bitcoin per day, and up to $20,000 per month and even more!
BitPanda, Austrian Bitcoin broker, is an extremely popular exchange in Europe. It accepts credit/debit card as payment methods and allows instant Bitcoins purchases using your bank card. The fees are around 3-4%, which are rather low. They have a strict identity verification process to protect community from fraud. Unfortunately exact fees are not displayed publicly. So you have to register in order to check the exact fees.
If you want to buy Bitcoin for cache or local bank transfer, go for LocalBitcoins. Exchange rates are good, payments are fast; and you can even find new friends in your area. If you decide to buy Bitcoins for cache, always meet the seller in public place. Never go to private apartments nor do trading with people that have no reviews.
If you want to use bank transfer as a payment method for Bitcoin, you can choose any reputable Bitcoin exchange.
Do you want to learn how to become rich with Bitcoin? Join our Bitcoin business challenge!