How To Buy Bitcoin
How to buy bitcoin and where is the best place to buy bitcoin. Bitcoin has been all over the news for years now, but many people still don’t understand what it is or how to use it. This post will teach you how to get started with buying your first bitcoins!
Affiliate Disclosure: We earn a small commission from referrals to Coinbase for this article if you sign up using one of our links. We provide unbiased and honest opinion in this review of Coinbase.
Financial Disclosure: We are not financial advisors, all capital you invest is at your own risk.
What is Bitcoin?
Bitcoin is a new type of currency that can be used to buy or sell anything. It uses peer-to-peer technology, meaning no one has authority over the money supply and everyone with access to the internet can establish their own bitcoin account without any need for an intermediary like a bank or government.
Where to buy bitcoin?
You can buy bitcoin on a few different exchanges such as Coinbase, Binance, and Crypto.com. Coinbase is the best option for beginners because of its ease-of-use to buy bitcoin with credit card or bank account so you can get started right away!
Coinbase also has a mobile app available on Android and iPhone that provide quick access to your wallet as well as easy ways to purchase bitcoin.
How To Buy Bitcoin on Coinbase
First, visit coinbase.com and then select the “sign up” link (Use our link for a BTC bonus) at the top of the page to register or log in with your email address and password.
After you have logged-in correctly, just click on “buy/sell” button under Dashboard to purchase bitcoin! You can also buy via Bank Transfer by clicking Buy (or Sell) and then selecting the option to “Bank Account.”
If you are using a credit card, Coinbase is not able to charge your card directly because bitcoin prices fluctuate dramatically by minute. This means that instead of charging your card now when $20 worth of bitcoin costs a certain amount, they will buy at whatever price Bitcoin trades for at the time of the purchase being made.
