How to buy Bitcoins?

La digital currency most famous and used in the world, the Bitcoin, is seeing its value rise again after a free fall from the over $ 20 it had quickly achieved. For those who see a new earning opportunity in this recovery, the first step is to buy this digital currency safely and securely.

How to buy Bitcoins?

I Bitcoin you can buy them through one of the many Bitcoin Exchange which are easily found on the Internet. Also through the network, it is possible to have them credited to a Bitcoin Wallet, or an electronic purse, a digital coin holder, from which they can then be used to make purchases or resell them if the market price has reached the desired amount.

Bitcoins can also be purchased through a online trading platform, thanks to CFD (contracts for difference) you can open positions on the digital currency market and then close them when the profit margin is kept adequate.

A third, more expensive and dangerous solution among those proposed here is to use your credit card, with the risk of transferring your personal data to unreliable sites and paying high commissions.

How a digital wallet works

First you need to create a wallet account where you can credit Bitcoins, to do so just connect via PC or smartphone to the official website of the computer community that created the cryptocurrency, www.bitcoin.org., where you can find a complete and reliable list of applications that allow the creation of a coin holder online, or entrust it to ledger hardware .

Once the default program for the device in use has been executed, it is advisable to set the security options appropriately and make the wallet private, just go to the settings item and click on “Coin purse code. Afterwards, we will have to wait for the blockchain technology, i.e. the system on which the bitcoins are based, to be downloaded and synchronized with the device.

Finally, it will be necessary to copy the address of the wallet that will be used during the purchase of Bitcoins to transfer them directly to the personal online account via the path Menu-File-Reception addresses.

How to buy Bitcoins on Exchange

I Bitcoin Exchange they are virtual stores where it is possible to exchange "real" currency with "digital" currency. Among the most used worldwide are: Coinbase, Crypto.com App (very fast and intuitive) Bitstamp, and BTC Markets.

There are several criteria for choosing the online store on which to buy Bitcoins: the exchange rate offered, the payment methods that can be used and the relative commissions (between 3 and 10% for credit card transactions while they are usually free of charge for payments made by bank transfers), speed and purchase limits of large quantities of cryptocurrency, any transaction fees or other services offered.

Another component not to be underestimated is privacy, credit card and bank account data are collected and registered, it is good to decide carefully who to entrust your sensitive data to.

One of the best and simple Exchange is the Crypto.com app

• Crypto.com (app only) app for apple , app for android , entering the code v8tqhz5494 you will have 20 bonus dollars and you can buy Bitcoin directly very convenient because it is possible to buy by bank transfer and card.

Chosen the Bitcoin Exchange simply register and proceed with the purchase, once this is done, you must provide the exchange with the data relating to the wallet, such as the address or a code of about 12 alphanumeric characters. Most exchanges automatically pour bitcoins into the wallet within hours of the transaction ending.

Once the Bitcoins are credited to the wallet it will be essential to obtain a debit card in cryptocurrency in order to make the various online purchases.

KYC

Remember that on each exchange you must send personal documents and that certify your residence in Italy.

Buy Bitcoins with CFDs

Using the "Contract for difference"(Contracts for difference) you don't buy Bitcoins directly but you earn on the rises if you open a" long "position or on the falls if you open a" short "or" sell "position.

That is, you gain if the value of the cryptocurrency increases or decreases depending on the open position and with respect to the initial opening value.

There are numerous online trading platforms, many of which allow you to open a free demo account to try to make transactions without actually having to invest real money or to open positions by investing modest amounts.

Unlike Bitcoin Exchange, in this case no wallet is needed, registration and transactions take place directly through the broker who will take care of protecting your personal data.

Furthermore, trading platforms have many other financial instruments such as stocks, indices and commodities, on which transactions can be made.

First you need to choose the trading platform that best suits your needs, a Contract For Difference (CFD) engine registered and approved by Financial Conduct Authority and from Consob, and register. The platforms therefore ask to verify their account by sending a copy of an identity document and proof of residence address. Once the account is operational, simply go to the Cryptocurrencies section and choose whether to buy or sell Bitcoin and earn on the difference between the opening and closing value.

How to buy bitcoins by credit card or bank transfer

On some Bitcoin Exchange, like Base (see the guide to Coinbase), you can also buy cryptocurrency through SEPA transfer, deposit, credit card. Using a credit or debit card remains the easiest and fastest way to buy Bitcoins (See the guide to buy Bitocoin with a credit card)

The price to be paid to have Bitcoin quickly is quite high, the commissions are higher than the opening of a wallet on which to credit the digital currency and the risk of fraud is also quite high due to the poor protection to which they could be subject personal data.

The most famous and used digital currency in the world is seeing its value rise again after a free fall from the more than 20 thousand dollars it had achieved in a short time.

For those who see a new earning opportunity in this recovery, the first step is to buy this digital currency safely and securely.

Buy bitcoins by exchanging them with other Crypto

In this case you just need to create an account on Binance or Kucoin and send your bitcoins