Basics of Bitcoin purchase

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Basics of Bitcoin purchase

Bitcoin purchase has never been easier, but many people still have a lot of questions concerning this issue. The doubts arise if person faces negative experience, for instance, transaction is slow and expensive. But now the data transfer is immediate so instant Bitcoin purchase is a common thing.

It is necessary to download a wallet or a mobile app first. The selection of Bitcoin purchase sites is huge nowadays. As users have many options to choose, they look for the easiest way to do it.

Availability of cryptocurrency depends upon the legality of virtual money in the country. The tender should be legal for easy procedure.

What is the best bitcoin purchase site?

Usually, international exchanges are perfect for this goal. The most popular one is Coinbase. This is the best place to buyalternative currency for beginners as it is very convenient. Being the seventh largest exchange in volume globally, it also provides high limits and liquidity enabling purchase of BTC online without delay. Apart from it, the platform added Litecoin, Ethereum to its offerings.

Kraken is one of the oldest resources where users prefer to purchase Bitcoin. It was launched in 2011. Its UX is not so friendly but low cost of transactions is appreciated by members. The fee varies from 0.1% to 0.25%.

Other recommended platforms for cryptocurrency investors are Bitstamp and Poloniex.

How can I purchase Bitcoin?

Virtual currency traders use Coinbase easily that accepts Visa and Mastercard. It charges 3.99% for service. The same service is offered by CEX IO and Bitstamp. For Amex card-holders Coinmama is recommended though the commission is bigger there.

There are different options for acquisition of digital assets. The most widespread are: 

  • Acquire coins with debit or credit card
  • Go to nearest crypto ATM and convert cash to electronic funds

BTC is classified as commodity in USA therefore the consumers get the opportunity to use special ATMs to deposit regular cash into crypto-wallet. Bidirectional functionality is not available but simple one-way ATMs are at the disposal of account holders.

And what do you do to get electronic coins? How do you purchase Bitcoin?

What can you purchase with Bitcoin
Numerous merchants accept digital money trying to increase their customers base. You just need a list of stores where such mode of payment is allowed.

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