The cryptocurrency market is one of the most rapidly growing markets as digital currencies’ popularity is inclining among the users. Bitcoin is undoubtedly the most popular and highly-valued digital currency in the world. It is completely based on a peer-to-peer network as there is no particular institution that manages bitcoins and controls their prices. If you have some savings or spare money, you must invest it into bitcoins without thinking twice.
Bitcoin is a virtual currency, so you cannot buy it forms your local market. There are specific ways in which you can acquire some bitcoins. Bitcoin has a certain value that keeps on fluctuating, and the price you will have to pay depends on its value at that particular point of time.
One of the most significant confusions about bitcoin is how to buy them and how you can get bitcoins. If you plan to invest some of your money in bitcoins, you must read the following methods to buy bitcoins.
Purchase directly face to face
One of the simplest, safest, and easiest ways to buy bitcoins is purchasing directly from the seller. If you have any of your friends or relative who own bitcoins and are willing to sell them, you can contact him and directly purchase from him. It is quite difficult to find such sellers; to make it easier, you must attend bitcoin meetups or join BTC Supreme. It will make you meet a lot of bitcoins owners and will help you to find a seller easily.
You can simply express in your network that you are willing to buy some bitcoins, and if someone wants to sell, he can contact you. It is one of the best ways to buy bitcoin, but you must know all the precautions you need to take to avoid falling for fraud and losing all your hard-earned money.
Using your credit card
A credit card is one of the most common payment methods nowadays, and you can also use it to purchase some bitcoins. There are several online platforms and websites which are selling bitcoins and are accepting credit card payments. But you must check that the website is legal, safe, and encrypted so that your credit card details remain confidential.
You simply need to enter the number of bitcoins you want to purchase and click on the buy button. Once you click it, you will be asked your bitcoin wallet address, and if you have one, you can enter its address. In case you don’t have a bitcoin wallet, you also create a new one by clicking in ‘Need a Wallet?’ It will enable you to fill in all the required details and create a new bitcoin wallet.
Buy from a Bitcoin ATM
You must be well aware of ATM where you can withdraw money anytime using your Debit Card. In the same way, there are bitcoin ATMs also which are available in different parts of the word. These ATMs are used for buying bitcoins in a secure way. You need to enter some personal information, and then you can buy as many bitcoin as you want to.
If you don’t know if there is any bitcoin ATM in your nearby area, you can use any bitcoin ATM locating website and get to know about the nearest ATM to your location. It allows you to find a Bitcoin ATM easily and buy bitcoin whenever you want to.
Online bitcoin exchanges
If you are looking for a legitimate and secure way to buy bitcoins, then you must go for a bitcoin exchange. There are numerous bitcoin exchanges on the Internet, and you can easily choose a trusted, secure and well-reputed one out of them. Each Bitcoin exchange has its terms and conditions, requirements, and offers. So, you must do proper research before selecting a bitcoin exchange for purchasing some cryptocurrencies.
Most of the bitcoin exchanges allow you to use a credit card to buy bitcoins, and some also provide the option of direct bank transfers. If you buy from a bitcoin exchange, you must store to private key offline.
To conclude, there are several safe ways to buy bitcoins, and few of them are listed above.