How to buy Bitcoin in 4 simple steps: a nice recipe

  • A mobile or desktop dispositive with a decent OS (we don’t recommend Windows XP or Android 4, eh?) and antivirus, because you never know. If you don’t have this one, you can borrow something or go to a cyber café.
  • Decent connection to the Internet. If you’re reading this, you probably have that already.
  • Basic knowledge about apps and computer programs in general.
  • Basic knowledge about cryptocurrency. At the least, do you know what you’re about to acquire, right? If not, check our article about it first. It’ll be quick.
  • Pen and paper. Yes, this has a further explanation later.
  • Some payment methods, preferably digital. It could be debit and credit cards, bank transfers, PayPal (this is a tricky one, though), Yandex Money, other cryptocurrencies, etc.

1. Open an account or wallet

  • For an online account: an awesome lot of crypto-exchanges platforms and “hot wallets” (because they’re always online) offer you digital accounts to store and use your cryptocurrency. They work like any other webpage, so, the process is very similar: you sign up, you give (or not) some of your personal data and that’s all! They’ll provide you some crypto-addresses to send and receive funds. This option is ideal for the cyber café thing, and you can try it now with us.
  • For software and hardware wallets: for this alternative, you’ll need to have your own equipment (mobile phone, laptop, tablet, etc.) or even buy a little gadget. You can choose a software cryptocurrency wallet and download it in your disk. They’re like any other computer program, very intuitive. As for the hardware wallets, they’re similar to flash drives with some tiny buttons to manage your funds… and, of course, they’re not free. But you can find them in popular markets, like eBay or Amazon.

2. Pick the best vendor

  • With individuals and/or peer-to-peer (P2P): if you don’t know someone who sells bitcoin, you can find a lot of individual vendors in public chats and social networks. They should have a good reputation among other users, so, don’t forget to check that before the trade. A more secure P2P option is an exchange of this kind, capable to offer some guarantees to its users.
  • With Bitcoin ATMs: believe it or not, there are +9.188 Bitcoin ATMs around 71 countries, where anyone can buy and even sell cryptos with cash. Maybe some of them are close to you and you’re clueless about it. You can find it out in Coin ATM Radar here, but we must warn you: the fees for this one use to be high.
  • With crypto-exchanges: this is probably the easiest way if you’re just starting. The crypto-exchanges are friendly webpages administrated by individuals or registered and regulated companies. Of course, the last ones are safer because in case of problems the company will be responsible for your funds. And if you don’t understand something or you’re having some issue, you can communicate with the round the clock support (well, at least on our web).

3. Choose wisely your payment method

4. Store, withdraw, use!

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