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If you want to buy Bitcoin, you should know that the process is very similar to buying Ethereum or any other form of cryptocurrency. If you can buy one form of cryptocurrency, this will help you buy others, so buying Bitcoin is a worthwhile skill to have.

Create an account

The first thing you need to do is create an account with the site you want to sign up with. If you look on the internet, you may even find that you are able to get a bonus amount of Bitcoin if you purchase or sell over a certain amount. Of course, you don’t have to concern yourself with any of this if you don’t want to.

Verify your email

The next step would be for you to verify your email. When you do this, you will then be able to sign up with the account correctly, and you can then make your first deposit. It’ll probably take a few minutes for your email to arrive, so hold out and make sure that you get it.

Connect your phone

If you want to secure your account, then you will be asked to link your mobile phone. This is known as two-step verification. It also means that nobody can access your account if they do not know your password, even if they have your phone. If they know your password but don’t have access to your phone, then your account is still safe. Sites from crypto exchanges such as Coinbase will send you a text which you’ll need to enter into the box.

Verify your identity

Another thing that you have to do is verify your identity. Various sites will ask you to verify your identity, and this could involve you selecting a type of ID online before providing it. You may need to take a photo of your passport or send off proof of your address. Most sites have a live verification check, and this only takes a few minutes. Once you have completed this step, you will then be taken to your dashboard.

Add a payment method

When you are on the Coinbase dashboard, you will need to go to the Add Payment Method option. If you can, use a debit card as this will give you the chance to buy Bitcoin right away for a minimal fee. Sure, a bank transfer can be used, but at the end of the day, this can take several days to complete.

Buying Bitcoin

When you’ve done this, click on Buy Bitcoin and then choose the amount you want to buy. Click preview to see all of the fees, and then continue as usual to complete your purchase. It’s worth checking your digital wallet to make sure that the money has gone through, as this will help you to make sure that you have received your currency okay.

Want to find out more about buying Bitcoin or want to undergo blockchain training? Contact us at Unblocktalent.




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