Steps For Buying Bitcoins

Ever since the value of bitcoin went up in the recent past, it has gained way more attention and people have been talking about it. People are wanting to invest in bitcoins. However, there are a few queries that people need to clear in order to be able to purchase bitcoins. The most important question is- how to buy bitcoins? Below given are the steps through which you can buy bitcoins easily.

Step 1- Creating wallet

Now, what is a wallet? Pretty much like you use a wallet to store all your cash and cards, even your digital currency needs a wallet to be stored. It is not as complicated as it sounds. All you have to do is visit the website that provides bitcoin wallet. Once you enter the website, go for the process of sign up. You will be asked to provide some basic information, like your name, password, and your email id. Once you are done providing all the information it demands and sign up, you have your bitcoin wallet ready to be filled with bitcoins.

Step 2- Choose the bitcoin trading website

Once you have signed up and created your wallet, you are ready to go. Now, in order to be able to purchase bitcoins, you need to visit the website that sells bitcoins. These websites that allow you to purchase bitcoins are known as bitcoin exchanges. Some of the trusted and popular universal bitcoin exchanges are – Coinbase, LocalBitcoins, Coinmama, Wall of coins, and many more.

After you visit the website of your choice, you have to register with the website by signing up. Here again, you have to provide your basic information. One additional step here is providing your bank details. This is required to be done so that the website can connect with your bank account when you make payment for your purchase.

Many of these bitcoin exchanges also provide wallets. However, it is totally upto you whether you would want to use the wallet provided by the exchange or use the wallet of your choice. No matter whatever wallet you choose, these bitcoin exchanges would readily be able to store your bitcoins in the respective wallet.

Step 3- finally, purchasing bitcoins

This is the final step through which you can make the purchase of the bitcoins. What you have to do is, go to the “purchase” or “buy” section of the website. Some of these exchanges are also available in the form of mobile application which you can download. Once you go to the purchase section, you can choose the quantity of bitcoins you want to buy. You don’t have to buy one whole bitcoin every time. You can buy it in fraction too. You can purchase bitcoins up to 8 decimal points. This means you can buy 0.00000001 bitcoin if you wish. Check the price of the bitcoin using conversion of btc to usd. Once you select the quantity, select the mode of payment. After selecting the mode of payment and making the payment, you have the bitcoin in your wallet.

 

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