The crypto world ecosystem has changed over the years. Unlike in 2009, today, people are showing interest in trading purposes. And bitcoin remains the popular choice. Being a cryptocurrency of the highest market value and offering gate returns, bitcoin has become one of the leading choices of investors.
If you are also a new investor and are looking to trade in bitcoin, then following the right steps is paramount. This step-by-step guide for beginners is going to help you in buying bitcoin with ease.
Buying Bitcoin: Here is what you need to know.
Can different ways of acquiring bitcoin. Here are some of the common ones:
1. Bitcoin mining
2. Bitcoin ATM
3. Trading in bitcoin
4. Buying bitcoin over crypto exchange
Overview of Crypto Exchange Platforms- Points To Note
These are safe platforms for buying and selling cryptos. To get started, all you have to do is register on an ideal crypto trading platform that assures a hassle-free trading experience.
To register on a trading platform, You must first filter out the best crypto exchange platform. The following points will help you in the screening of the best crypto trading platform:
1. Study about the crypto trading platform– Before you go ahead to register yourself on a trading platform, you must first shortlist the best options in the market. You can also seek references, or a joint crypto community is there in which you will get first-hand information about the trading platform.
2. Number of cryptocurrencies– It is an aspect that you must check the number of cryptocurrencies available on the platform. If you have decided to invest in a particular cryptocurrency, then you must check whether this platform offers you the same.
3. Check the fees-You must also check the fees. Trading platforms are often charged with drawl fees or transaction fees. However, this varies from platform to platform. Hence before registering yourself, you must also check this aspect.
A Foolproof Guide To Purchasing Bitcoin From A Crypto Exchange Platform
This is one of the most common and widely used methods of buying bitcoin. You can also buy other cryptocurrencies from a crypto exchange platform. This exchange provides a platform where the buyer and seller can interact with each other and buy and sell bitcoins. For example, you can register yourself on bitcoin pro by simply entering the details along with your email ID. Let’s go through a simple process of registration:
Step 1 – Open a Digital Wallet
Before you go ahead with the purchase of cryptocurrency, you must have a digital wallet where all the information regarding the crypto transaction is stored. There are several digital wallet providers, and hence you must do a bit of preliminary research before opening a digital wallet.
Step 2 – Complete the registration.
Have a digital wallet with you. The next step is to sign up with a crypto trading platform. For example, we have mentioned bitcoin pro here. This trading platform has a simple registration process wherein you will be required to enter a few details and authenticate your credibility. Once the station is complete and the verification is executed successfully, you can begin selling bitcoin.
Step 3 – Purchase your first Bitcoin
After you have done the registration, you will get an email ID and password to your account. Logging into your account will welcome you to a dashboard where you will find the option of buying and selling bitcoin. You can always buy bitcoin in fractions rather than investing the entire amount.
You can choose the desired payment medium. For example, most crypto trading platforms now for the facility of making payments via credit card and debit cards. PayPal is also available on many platforms. However, if you are buying or selling bitcoin using PayPal or a credit card, there is a fee associated with it. This is a bearing fee, and hence you must first check with the platform before choosing the payment method.
This basic guide on Bitcoin sales and purchases will make it easier for you to start your investment journey. Make sure that you do the research and understand how the crypto market performing before making the final call.
Alexia is the author at Research Snipers covering all technology news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and More.