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In this article, we are going to look at how to buy Bitcoin along with simple and easy instructions to get you started.
So, you have done your research and now you are ready to jump into the world of Bitcoin and Cryptocurrency.
When it comes to buying Bitcoin the process is really simple and you can get your piece of digital gold in the next hour.
Where is the best place to buy Bitcoin?
For the purpose of making this simple, we are going to use a site called Coinbase.
Some stats about Coinbase.
Founded in 2012 it is a digital currency wallet and platform where you can transact with Bitcoin and other digital currencies.
Over 20 Million registered users.
$150 Billion+ traded on the website.
There are many different sites you can use but Coinbase is very beginner friendly and it has a really simple 3 step process.
Step 1 – Sign up for a Coinbase account. This will give you a secure place to store your bitcoin, and also purchase your Bitcoin.
Step 2 – Connect your bank account or credit card.
Step 3 – Buy your Bitcoin.
I will break down these steps further and show you examples inside Coinbase.
Buy Bitcoin Instantly.
The first thing is creating your account. Click here and you will go through to the Coinbase website and be met with the following page.
Now before you wonder who the hell is Ashley Davidson and why is he referring me to Coinbase let me explain.
Ash is one of the founding members of Low Cap Crypto. Anyone who joins Coinbase via our recommendation will receive $10 and so will we.
So you get some free Bitcoin and so do we at LCC.
All you need to do on this page is fill out your information including your first name, last name, email address and choose a password. (Make sure it is a very strong one)
After that click, I’m not a robot and certify that you’re over 18 and then you’ll be well on your way.
Once you have your account set up I would highly recommend to set up 2-factor authentication before you do anything else.
This can be done using your phone where you will receive a text message or via an authenticator app such as Google Authenticator.
By setting this up you will prevent anyone getting access to your account and keep your crypto safe.
To do this just go to the settings tab and then security.
Once set up, every time you log into your account you will go through the process.
Buy Bitcoin With Credit Card Or Bank Account.
Now we have security out the way lets move on to connecting your Coinbase account to your bank or Credit card.
When you open an account with a credit card and you make purchases of Bitcoin those purchases of Bitcoin will be available immediately.
If you use a bank account it’s generally going to take longer before the transaction is complete, I have had transactions take up to 3 days in the past but it is getting better.
To add a card do this –
Link a new account.
From here you can choose what type of card you would like to add.
Once you have your bank account or a credit card linked the final step is to buy your Bitcoin.
Again this process is very simple.
Along the top you have 5 tabs, click on the one that says Buy/Sell.
From here select Bitcoin, then the payment method you set up earlier. The last step is to confirm how much money you would like to spend.
Once you have done this hit Buy Bitcoin.
It will always show the currency from whatever country you are registered with.
After you have done this on the right-hand side you will see a confirmation of your order and the amount of Bitcoin you will receive.
And that is pretty much it. You will now have your Bitcoin.
The next question is what are you going to do with that Bitcoin? Trade it? HODL?
Whatever you decide to do please keep it safe. Always make sure you are using 2-factor security as a minimum and never share your passwords with anyone.
There are plenty of underhand shits who would love to get there hands on your crypto.
Follow this guide to keep your Bitcoin secure.
Overall Coinbase is the best place to start when looking to purchase Bitcoin when you are first starting out.
It also has a handy mobile app so you can purchase Bitcoin on the go and store your Bitcoin at the same time.
And that concludes this article – How To Buy Bitcoin.
If you have any questions please leave a comment below and we will get back to you as soon as we can.
For more information on Bitcoin, the basics and how it works check out or Crypto Basics Category.
Thanks for reading and take care.