Best way to buy Bitcoin

Best way to buy bitcoin
Best way to buy bitcoin

Before you buy Bitcoin, you should do some very important work. Of course, you could just go to the first exchange you can find and buy Bitcoin from there, but like this, you will lose a lot of money. The best way to buy Bitcoin is to inform yourself.

Compare different markets

Before you buy Bitcoin, check out the most prominent exchanges. Also check out smaller ones but make sure that they are a legitimate company. There are a lot of scams out there, only buy Bitcoin from a market where you are 100 % sure that they won't scam you. If you found some exchanges, make a list of them and start to compare them.

The price for Bicoin varies a lot and each exchange sells Bitcoin for a different price. The best way to buy Bitcoin is to compare the current price of every market. You also have to include the fee for byuing Bitcoin, because the fees will change the amount of Bitcoin you get at the end.

If you do the math, you will see that the amount of Bitcoins you will get from every exchange varies quite strongly. You should proceed to buy your Bitcoin from the market where you get the most Bitcoin for your money. If you decide to buy more Bitcoin at a later date, make sure to do the same procedure again, because the result can change every few days. This is the best way to buy Bitcoin, if you don't do this, you will surely lose a few percent of your money.

adbtc Banner

Where can I buy Bitcoin?

There are a lot of sites that sell Bitcoin, we will show you some of the biggest ones.

Coinbase.com is a company located in the United Kingdom and it's one of the oldest market for Bitcoins. They are a legitimate company and you can also buy a few other cryptocurrencies there.

Another big seller of Bitcoin is Blockchain.com. They are also located in the UK and you can also trade other cryptocurrencies beside Bitcoin there.

If you want to buy Bitcoin from another user and not from a big exchange, you could check out bitcoin.de. It's a german marketplace, where you can buy Bitcoin directly from other users or sell your Bitcoin to other users.

These are just a few examples of sites, where you can buy Bitcoin. Check them all before you buy Bitcoin and also make sure to enable 2FA for your account there. If you aren't secure enough with your account, you may lose your Bitcoins. That's why it's a good idea to enable 2FA. If you buy a big amount of Bitcoins, it's a good idea to make your own paper wallet and send them there. Like this, they will be 100 % safe and even if the merchant where you bought them gets hacked, you can't lose them.

Youtube-Video: The Coinbase Mission, Vision & Strategy

Youtube-Video: Blockchain Beginners Guide Tutorial 2020

More Frequently Asked Questions