Investigating Methods for Purchasing Bitcoins the Easy Way

No Comments

The cryptocurrency especially the bitcoins have taken the financial world by storm.

This is why most of you out there are keen to get your hands on bitcoins right away.

However, the real issue is the appropriate medium of purchase.

We will discuss the best possible methods here so that a novice Bitcoin user will not have any apprehensions.

Buying The Bitcoins from an Exchange

how to buy bitcoins with PayPalIf you are looking for an answer to how to buy bitcoins safely, then the exchanges may be your best option.

Step 1:

The first thing that you should remember is that you should make your purchase from larger exchanges since they are comparatively more secure. Some of them even bother to replace the funds of the customer in case of theft.

To buy the bitcoins from an exchange, you will have to register and provide a proof of your identity. This may sound like an intimidating process initially because you might need to present several personal documents.

These documents include your phone number, driving license, etc. However, these protective measures are meant to secure you.

Step 2:

When you are confirmed, then the next step is that you will need to setup a payment method along with the details that have been provided in the exchange. Most exchanges give you several payment options. If you want, then you can directly pay to their bank account as well. Some allow you to make the payments through your credit card.

If you are opting in for an online transaction, then this will require different verification documents depending on the requirement of the exchange.

Buying Bitcoins from Coinbase

Now if you are looking for a secure platform to make your purchase, then the best option that can come your way is Coinbase.

Step 1:

First, you will need to sign up with Coinbase. This will help you in creating a digital currency wallet where you can store the digital currency with ease.

Step 2:

You will need to connect your credit card, debit card or bank account with Coinbase. This will help you in exchanging the digital currency into and out of the local currency.

Step 3:

Once your credit card is verified, you can go ahead with Bitcoin purchase. This answers how to buy bitcoins with a credit card.

We will look at a few more options that are comparatively safe for purchasing digital currency.

Purchase Bitcoins from Paxful

When you want to buy the Bitcoins with Paxful, then:

  1. First, you will have to create an account.
  2. Next, you need to find a good deal.
  3. You have to find out the best vendor from whom you can make your purchase without any doubts.
  4. You can have a look at his price and score to figure out if you are making the right choice.
  5. When you have figured out the vendor, then you should click buy and enter the amount that you are willing to spend.
  6. Click the buy now button.
  7. When you have followed all the specific instructions, then simply click I have paid.
  8. Next, you should wait for the bitcoins to be released in your wallet. The best part is that you can easily make the payments using the credit card.

Decide to buy Bitcoins from CoinMama

This platform is termed as a Bitcoin broker, and they sell bitcoins to everyone from any part of the world.

They accept credit card payments.

If a customer is making a purchase of less than $150, then the buyer does not need to upload his pictures. However, if you decide to make a purchase of more than $150, then you will have to undergo a complete identity verification process.

Coinbase, CoinMama, and Paxful all these exchanges work well for the USA customers.

Getting Hold of the Bitcoins Using PayPal

Now you do have the answer to how to buy bitcoins with PayPal.

If you want to go for a reliable purchase, then buy Bitcoins from Virwox.

This method has been around for quite some time, so it is the most dependable option for you. You will have to open up a free account on Virwox. You can deposit money using Virwox, and now you can buy the Bitcoins on the SLL/BTC exchange. This answers how to buy bitcoins instantly.

Purchasing The Bitcoins Anonymously

There are many people who prefer to stay anonymous when they make a purchase online.

When you want to remain anonymous buying Bitcoins, then the best approach is to buy the Bitcoins in cash. You can make use of Local Bitcoins for this purpose. This platform helps you identify any person near your location who is willing to sell Bitcoins in return for cash.

When you decide to sign up with Local Bitcoins, then you need to make use of an alias email address for signing up with Local Bitcoins. The verification process on this platform is also optional.

Now, when you are making the purchase using cash, then it becomes much easier to remain untraceable. The reason is that no documentation is available for the transaction. This helps you to answer how to buy bitcoins anonymously and how to buy bitcoins with cash.

You can also make your purchase from a Bitcoin ATM if you want to remain anonymous. The purchase can easily be made using cash.

There is another platform by the name of Bitquick. Now the sellers place the Bitcoins in escrow, and the buyer can make the purchase by buying instantly using the cash deposit.

Conclusion

Now all these available options are in front of you to choose your medium of purchase which will not be a difficult job. However, the better option is that you should go with credit card payments as they sound more secure. Your preference should not be the cheap exchanges because in this case, the transactions might be slow. You will surely not want to take this risk when you are investing in the Bitcoin market for the first time.

Make smart decisions when it comes to investing in cryptocurrency.

Faisal Mustafa is an Online Market Specialist. He has been providing result oriented quality SEO services to clients worldwide successfully since 2008. He has hundreds of reviews and feedbacks on marketing forums. He is the admin of SEO viser team and a successful online marketer.

Subscribe to our newsletter!

Fields marked with an * are required

About us and this blog

We are a digital marketing company with a focus on helping our customers achieve great results across several key areas.

Request a free quote

We offer professional SEO services that help websites increase their organic search score drastically in order to compete for the highest rankings even when it comes to highly competitive keywords.

No Comments
 

More from our blog

See all posts