How To Buy Bitcoin
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How to Buy Bitcoin

Where can i buy bitcoins instantly

Buy bitcoins instantly online, credit card, debitcard can be used in many of the different Bitcoin exchanges, I personally use Coinbase.

With coinbase you can buy bitcoins instantly with your credit card or debit card, as soon as you have registered your card at Coinbase, the great thing with Coinbase is that when you register an account with them, you get everything you need to get started with bitcoin, your own digital BTC wallet, an offline vault to store your bitcoins in, wallet mobile app and much more, the security is very high, you have to use a two factor verification every time you want to log in.

When registred you buy bitcoins instantly online and store them safe. Read more in the review of Coinbase.

You can alsoe buy from anyone you know or from any other people via marketplaces such as LocalBitcoins, then you buy with your local currency and receives bitcoin in return. Read more about how that works.

How to pay for bitcoins

There are several ways to find out how to pay for bitcoin, if you do a quick search on google you will find out that it is easy to pay for bitcoins, you can use cash, credit and debit cards, or wire transfer and other cryptocurrencies, which is dependent of who you are buying the Bitcoins from and where you are resident.

Bitcoin wallet explained

A bitcoin wallet is the place where you store your new bitcoins, you may compare it with a kind of bank account, but what it actually is are a small piece of software code that let you manage yourBitcoin wallet is free funds and let you be in full control of the funds it contain. Apart from the funds, it contains of balance information, tracking of payments and a management tool for your secret information.

Different bitcoin wallets will provide different security levels ranging from everyday use and up to military grade security.

This can be broken into this three main categories

A software wallet which is stored on your computers hard drive.

An online web based service.

A vault service that keeps your bitcoins protected offline or a multi signature wallet that uses a number of keys to protect your account.

Bitcoin exchange

Bitcoin exhanges are the best option if you want to engage in regular trading it lets you transfer fiat currencies, into bitcoin or opposite, don't need to be anonymous and don't want to go through lengthy set ups and procedures which involves proof of ID and contact details, read some more about my choice of bitcoin exchange.

Where can i use my bitcoin wallet

Look for the "bitcoin accepted here" sign or sticker, then you know you can use your bitcoin wallet to pay for your coffee, your bitcoin magazine or you can even buy your self a brand new Tesla car with your bitcoins.

You can use a Bitcoin Debit Card, withdraw your bitcoin in cash or any other local currency at any ATM anywhere in the world or you can use it at point of sale terminals to buy anything.

Read more about my choice of Bitcoin Debit Card.

You can use a Bitcoin wallet into your daily purchases with your mobile or you can have it on your computer for online purchases.

Read more about my choice of wallet on my website.


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