Today it is difficult to find someone who has not heard of Bitcoin. Due to the skyrocketing prices, many are wondering how to buy and sell bitcoin. As the most popular type of cryptocurrency, bitcoin is now widely used around the world, due to which its supply is growing. But first of all, you need to know how to buy and save bitcoin. You will learn about this from this review.
Find a good bitcoin wallet
Digital wallets are used to store bitcoins until you spend them or exchange them for another currency. Bitcoin wallets vary depending on functionality, platforms it can be used on, so it's important to choose the one that's right for you.
A convenient offline application is. This product supports multiple cryptocurrencies including Bitcoin. The program is free to use, has a convenient and intuitive interface, includes the ability to change the form of trading and some simple graphical tools that allow you to visualize your cryptocurrency portfolio. is a popular mobile wallet. Currently only available for Android. Offers a wide range of useful features. It is important that it is integrated with Cashila, a licensed payment service that also works with the euro. The service allows you to effortlessly convert bitcoin to euros and vice versa. Currently, there is full support for using TREZOR with Mycellium. This means that users can add their accounts to TREZOR to visualize and manage TREZOR funds from the mobile app.
Choose the right Bitcoin trader
It is best to make your first Bitcoin purchase on an exchange. There are many platforms with varying performance. Some are more, others less reliable. I recommend using. Registration on this exchange is very easy, although you will need to fill out an identification form. It includes sending a copy of your passport and a webcam photo. This allows the site to adhere to the "know your customer" rule. If you prefer the direct way of buying bitcoin, I advise you to use peer-to-peer services or. They offer a wider range of payment options and allow you to buy bitcoins directly from a merchant.
Select a Payment Method
Exchanges accept various forms of payment. Coinbase allows you to settle with a credit or debit card, bank account. PayPal is not supported. Please note that most exchanges and online wallets do not support exchanging cryptocurrencies directly for cash.
Buy bitcoin and store it in your wallet
Exchanges provide information on how many bitcoins you can buy for a given amount of money. Due to the volatile nature of Bitcoin, its prices can vary significantly from exchange to exchange at different points in time, especially recently. In order to make the first deal, enter the desired amount of bitcoins in the corresponding field and click "Buy". By default, Coinbase or GDAX will sell you bitcoins at a "market" price. In addition, you can set the desired price and the deal will be executed only when the given price is available. As soon as you make a purchase, your bitcoin will appear in your wallet, where it will be stored. From here, you can transfer it to your Bitcoin wallet. Please note that a certain commission will be charged for this.
