Bitcoin is a currency, like the euro or the US dollar, used to exchange goods and services. Unlike other currencies, Bitcoin is an electronic currency that presents novel features and stands out for its efficiency, security and ease of exchange.
Its biggest difference compared to other currencies, it is a decentralized currency, so nobody controls it. Bitcoin does not have a central issuer like dollars or euros, the cryptocurrency is produced by people and companies from around the world.
If you already know what bitcoin is and what you are looking for is directly buying bitcoins, I’ll tell you where to buy it and explain you an example of how to buy it.
SAFE WEBPAGES TO BUY BITCOIN:
There are several pages where you can buy your Bitcoins quite safely and almost without risk. These are large platforms with a good user base, and whose maximum intention is to simplify the process as much as possible. Just enter, you pay with your card the amount of Bitcoin you want and ready. Here are some of the main ones.
- Coinbase: It is one of the most popular that you can find, fast and easy to use. You can buy bitcoins by bank transfer or with your credit card with a commission of 3.5%. It’s so popular that it’s the one we’re going to use today to guide you through the buying process.
- Kraken: Another of the largest portals in terms of the sale of cryptocurrencies. On this website you can register, after which it may take a while until you are verified. Once verified, you can make free transfers across Europe, and when buying Bitcoins you are asked for a commission between 0.16 and 0.26%.
- LocalBitcoins: A platform somewhat different from the others, since it focuses on the purchase of person to person (P2P). That means that they do not charge you any commission unless you want to create an ad, although it can also be a bit more complicated for new users.
- Bitstamp: is another of the main pages in which to buy Bitcoins and other cryptocurrencies, exchanging dollars and euros for them. Your commissions depend on the volume of your purchase, and they promise total transparency.
How to buy bitcoin on Coinbase
Coinbase is my favorite pages to buy Bitcoins since is one of the safest pages. So let’s use this as example to buy Bitcoin.
The first thing you have to do to buy Bitcoins is to register in one of the pages where you can buy them. We are going to use for example Coinbase, where to register you have to click on the Register button that appears in the upper right part of your homepage.
Next you have to enter some personal information, such as your name, email and password. Once you fill in and choose the option “I am not a robot” click on Create account to complete the registration.
When you do, you will receive a confirmation email in the email address you have entered. Use it to confirm your account. Then the registration process will ask you to register your phone number as an extra security measure, and you will have to write a code that will be sent to you by SMS to confirm it. Once you do it is done, your Coinbase account will be created.
Once you have created your account you will still have two steps to complete it. First click on Verify your identity (1) to upload a photo of the ID following the steps, and then click on Add a payment method (2) to complete your registration by attaching the credit or debit card with which you want to make payments .
Once you complete the registration process (you may have to enter your ID number for several attempts), you can start buying and selling your cryptocurrencies. For that, click on the option “Buy / Sell” that you have at the top of the screen. By doing so you will go to the cryptocurrency purchase process.
On the next screen you have two steps to take. First choose the cryptocurrency you want to buy (1), and then select in the box EUR (2) the amount of euros you want to buy. On the right you will have a breakdown of what you take and the price of the commissions. Once you finish click on buy Bitcoin.
You will go to a last screen in which you have to click on Confirm purchase to confirm the operation, and after doing it you may have to enter the key that you sent by SMS to verify it completely. Once done, the transaction will be completed. If you have attached your credit or debit card the transaction will be done instantly, and if you entered your account number it will take a couple of days.
The process in the other pages is similar to this, so it’ll be easy in any page that you choose.