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How to buy Bitcoin?

Buying Bitcoin doesn’t have to be too difficult: it can be done for US dollars, euros or another fiat or cryptocurrency on a crypto exchange, directly from other individuals, or using a special ATM.

It’s good to know how to buy Bitcoin and that you can buy fractions of a bitcoin. So you don’t have to spend thousands of dollars or euros to become a bitcoin owner. Interest in search terms such as “How to buy bitcoin stock” (from presumably more traditional would-be investors) and “How to buy bitcoin UK” peaked in December, but are still popular right now, and our guide is here to give you the basics.

First you needs to get a “wallet” – a kind of bank account for holding and using bitcoins. (Read more about wallets here.) Once you have one, you can choose how you prefer to acquire bitcoins: on an exchange (read here about choosing one), by finding a local dealer on a marketplace like localbitcoins.com and buying bitcoins from them with cash, credit card, via PayPal, etc. or by selling goods or services for bitcoins. If your question is how to buy Bitcoin with cash, this can be done by visiting the nearest Bitcoin ATM if that is an option,

How to buy bitcoin in India, China, the US or -insert your country of choice- is another common question. First, you have to find out whether your country has any regulations, i.e. whether it is legal to buy Bitcoin there, and which of the aforementioned ways is easiest for you. There are online tools for that too: for example, typing “How to buy Bitcoin Canada” will bring you to a website that shows the exchanges available to you.

Each way has its own pros and cons. Exchanges are the most flexible: you can buy a small amount of bitcoin (say for USD 20) or exchange tens of thousands of dollars.Buying Bitcoins in person offers more anonymity. Also, compare the applicable transaction fees and see where you can get the best price. (See the best rates on exchanges here.)

In any case, before choosing a specific exchange or seller, check that it or he or she is safe, look for reviews and feedback from previous customers.

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Next - How to store bitcoins

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