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itcoin has became one of the most popular cryptocurrencies around the world. The current price of bitcoin is

This amazing growth in price, combined with a wider understanding of the Bitcoins’s potential,How to get bitcoins? Well! you can get your hands on bitcoin by simply purchasing it. Another way of earning bitcoins is by mining them, Learn how to mine bitcoin here. Or you can trade bitcoin here. In case you are also looking to find out how to buy and sell bitcoin currency, here’s a step-by-step guide for you:

How to Buy/Sell Bitcoin

The easiest way to buy Bitcoin is to use an online cryptocurrency exchange. This guide will detail the differences between exchanges, while linking to complete reviews and user guides of each exchange mentioned.

Purchasing Bitcoin can be done easily at any of the Bitcoin exchanges below. The funds can be stored on the exchange itself or in your own secure wallet.

“The Best Bitcoin exchanges”

#1 Coinmania

CoinMama is a nice option because you can buy less than $125 worth of Bitcoin without the need to verify your identity. You can instantly sign up and buy Bitcoin. You can have BTC in your wallet within about 20 minutes.

The downside to CoinMama is the fees are pretty high and come out to around 7%.

CoinMama supports credit and debit cards from basically any country.

#2 Coinbace

In the USA, Europe, Canada, UK, and Singapore, Coinbase is the easiest way to buy Bitcoin with a credit card.

The fees will amount to 3.75% and you can buy instantly.

Buy BTC worth $100 and get $10 worth BTC extra

Sign up!

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank Transfer, Credit CardBTC, ETH, LTC4.6

#3 Bitstamp

Bitstamp is legitimate and verified exchange which offers very low fees on transactions. It is transparent. You can deposit minimum of $5. The exchange provide user and beginner friendly platform.

You can buy Bitcoin with Credit card/ Debit Card and Bank Transfer.

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank Transfer / Credit Card / Debit CardBTC, ETH, LTC, XRP & BCH4.2

 

#5 Koinex

Koinex – The best trading website now. You can signup and complete KYC (hardly takes a day). As soon as you complete KYC, you can start trading.

  • legitimate and verified.
  • Very low fees.
  • Transparent.
  • you can quickly transfer money to and from your bank account, deposit takes hardly 5 minutes and withdrawal if quick and sometimes takes hardly up to 1 hour.
  • Good for traders
  • Also yes! you can buy Bitcoin, Bitcoin Cash, Litecoin and Ripple.
  • Prices compared to international standard are nearly seen.

Sign up!

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank TransferBTC, ETH, XRP, LTC3.8

 

#5 Zebpay

If you’re from India Zebpay is best option for you to buy Bitcoin. Zebpay offers very low fees. And they provide user and beginner friendly mobile application for Android and IOS.  It is legitimate and verified platform. You can signup and complete KYC (hardly takes a day). As soon as you complete KYC, you can start trading.

Beginner-FriendlyBuy OptionAvailable CryptocurrenciesRating
YesBank TransferBTC, ETH, XRP, LTC & BCH4.4

 

Buy Bitcoin in a few simple steps

The process of buying Bitcoin will vary from exchange to exchange, however the principles are very much the same. Those new to currency purchases need not be alarmed, many exchange platforms make it as easy as sending a single online payment.

1. Sign up at an exchange

Sign up at your chosen exchange by submitting a few personal details. Full identity checks are often included later in the process when a deposit or withdrawal is made.

2. Complete KYC/identity checks

Before/after depositing, or prior to withdrawal, exchanges must carry out “Know Your Customer” (KYC) and Anti-Money Laundering (AML) checks. Exchanges will require proof of address and photo identification to proceed.

3. Connect your bank account

After you sign up, connect your bank account. You’ll need to complete some verification steps before you can use the account. Once the verification steps are complete, you can start a purchase.

4. Choose a deposit method
Each Bitcoin exchange will offer their own banking methods. These are often a mix of bank wire transfers, SEPA, credit/debit card or PayPal payments. Each exchange will typically charge a fee for each deposit method, fee details are usually found in the footer of the exchange’s website.

5. Make a deposit in US dollars, INR etc
Deposits will take from as little as 24 hours to several days to arrive in your exchange account. Deposit times will vary from exchange to exchange and the deposit method chosen.

6. Buy Bitcoin with your deposited funds
Once your fiat currency has arrived in your exchange account, you can use this currency to purchase Bitcoins. Beginner friendly platforms such as Coinbase/Koinex have made this process very simple.

Secure your Bitcoins : Get a Hardware Wallet

Be sure to get yourself a Hardware wallet that will safely store your Ether coins. There is lots of scams, offers / exchanges out to steal your coins. You can avoid these theft, scams, or any other loss of fund simply One. By making a research before choosing any exchange. Following are some best Hardware Wallets.

 

Final Words

No matter what cryptocurrency you’re buying. Always stay secure. Do not share your credentials with one. Always keep paper wallet.

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