Buying bitcoins can be difficult to do, still after all these years most people still dont know how to buy bitcoins online without being scammed.
Therefor we decided to make this post about how you can buy them safe and where.
In order to buy bitcoins you need a wallet.
A bitcoin wallet is a software that holds the blockchain transaction.
See our How to get a bitcoin wallet page for more information about bitcoin wallets. If you already have a wallet keep reading.
An escrow service allows safer payment by securely holding a buyer’s coins in escrow until the terms of the sale are met and as a result the buyer releases payment to the seller. In most cases no dispute is filed and no 3rd party action is needed.
You’ll need to find a Bitcoin exchange that accepts your preferred payment method. Different payment methods also incur varying fees. Credit card purchases, for example, are often charged a fee of 3-10%, while most deposits with bank transfers are free. More information about fees can be found on each exchange’s website.
Best Bitcoin Exchange
A number of factors must be considered when finding the best bitcoin exchange, which will vary person-to-person depending on the factors below.
How close is the exchange rate to the global average price found on an index. By comparing a local Bitcoin exchange’s prices to a Bitcoin price index then it is easier to get the best Bitcoin exchange rate.
You may have found the best Bitcoin exchange, but if verification takes one week and you need bitcoins now, you’ll have to look elsewhere. Initial verification can often take a few days, but all subsequent purchases may be instant. You’ll have to research each Bitcoin exchange to determine verification levels and delivery speeds.
Each Bitcoin exchange has different buying limits, which often varies depending on level of identity verification. At Coinbase, for example, regular users may only purchase up to $1,000 worth of bitcoins per day. Fully verified users, however, can buy up to $50,000 per day. Most exchanges offer a FAQ page online where the different levels of verification are explained.
Each Bitcoin exchange charges different fees for its services. Most Bitcoin brokers, that sell bitcoins directly to buyers, charge a flat rate of 1% per transaction. Exchanges with orderbooks are geared towards high volume trading, and often have fees of 0.25-0.50% per trade. More information can be found on each exchange’s website.
Exchanges that accept credit cards or bank transfers are required by law to collect information about users’ identities. Buying bitcoins with cash is the most private way to buy bitcoins, whether it be through a P2P exchange like LocalBitcoins or at a Bitcoin ATM.
In order to buy bitcoins, local currency, like the U.S. dollar or Euro, must be exchanged for bitcoins. In this process trust users must trust the Bitcoin exchange to secure money and not run away with funds. It’s best to use a regulated Bitcoin exchange. Most exchanges offer information about their regulatory compliance on their websites. If an exchange seems shady and doesn’t offer information about regulation or who’s behind the site, it’s best to find a different exchange.
Getting a Bitcoin Wallet
History is filled with Bitcoin exchanges running away with users’ funds. For this reason, it’s best to move your bitcoins off the exchange once you buy and store your coins in a wallet you own.
There are different types of Bitcoin wallets, each offering unique features and benefits. The wallet that’s right for you will depend on your specific needs and on how you intend to use Bitcoin.
For secure storage, wallets like the TREZOR and Ledger Nano make it easy to protect bitcoins. Paper wallets are another good option for those with greater technical knowledge.
Down here you will find the list with all the places where you can buy bitcoins, also which country they are.