Many people have heard about Bitcoin, at least among those that use internet. There are still so many others that have not known about it. However, one of the questions that those of us who are Bitcoin enthusiasts get asked every time is “Where can I buy bitcoins?”
There are many options available in buying bitcoins and all work just well depending on your location and how you intend to pay for your bitcoin.
One of the places you can conveniently buy Bitcoin is Coinmama. Coinmama allows you to buy Bitcoin using VISA and MasterCard. The platform also gives you the opportunity of buying high volume of the digital currency as a verified user.
The advantage of using the platform is that you have a high limit of purchase immediately your ID is verified. There are several digital currencies available aside Bitcoin.
Purchases of digital currencies are instant and you should receive the coins in a very short time making Coinmama one of the best platforms to buy Bitcoin.
A customer support is one thing you need when making purchases online. Coinmama boasts a customer support that makes communication easy if you have any queries while using the platform.
The process of buying bitcoin here is very easy. Just sign up and go through the verification process, have your wallet confirmed and you’ll be ready to make your purchases in minutes.
That you can make purchases using your credit card makes it convenient to use this platform. The verification of ID is strictly compliance issue. Coinmama guarantees that your data is safe with them.
This is a decentralized exchange where you can buy bitcoin. The best feature of this exchange is that it offers a wide variety of payment options that enables you to buy bitcoins cheaply.
Some of these options available are gift cards, cash deposit, online transfers and many others. Irrespective of your country, you should check up Paxful. It is one of the most convenient platforms I’ve seen for buying bitcoin.
For instance, it always is a tough call getting a platform where you can use PayPal to buy bitcoins but with Paxful it’s as simple as it gets.
Paxful Has Privacy Options
Depending on the volume of bitcoins you want to purchase, Paxful has provision for you to make a purchase without submitting your ID. The platform has 300 payment methods for buying bitcoin. This means that wherever you are, there must be an option that suits you just fine.
There is even a provision for intra-country purchase through bank transfers and the use of gift cards such as Steam wallet and Amazon gift cards.
Paxful has one of the favorable pricing for bitcoin transactions and has great potentials as an exchange due to the available options in trading using the platform.
One interesting option in buying or selling bitcoin at Paxful is the person to person trade in which you can meet the seller who fixes the venue of the trade if you are in the same city. This option though convenient to some is fraught with risks.
If you must meet a person to buy bitcoin meet them in a public place and be safety conscious. People are known to have lost their lives for bitcoin so this is one option you must avoid unless absolutely necessary.
Alert: There have been several scam allegations against Paxful, so it is advisable that you be wary in using it.
Binance is the biggest exchange in terms of volume. the china based exchange has been receiving positive reviews because it made trading of digital assets easy and cheap.
It is used by people all over the world because it is the dream of the crypto trader with its support of more than 100 coins. The exchange recently added support for Dogecoin, the popular meme crypto. It also announced the launch of Binance 2.0 which would enable margin trading.
Binance was launched in 2017 by Changpeng Zhao, a Hong Kong based developer. The Binance coin which is the internal currency of the exchange can be used to make payments or trade on the platform. There’s option to trade many cryptocurrency pairs on the exchange as well as buy bitcoin.
The platform is made for new, regular and advanced users as seen from its easy to use interface. If crypto to crypto trading is your thing, you should take advantage of the services offered by Binance.
Know More About Bitcoin
If you are interested in knowing more about Bitcoin a summary is that it is a form of digital money that you cannot touch the way you touch normal money, rather it is money that is stored in wallets in a computer.
This type of money is valuable and recognized as such by the people that use it. These mainly are individuals and businesses that are conversant with Bitcoin and the benefits of using it.
Before you buy your bitcoins, it is important that you understand that although, you will not see the bitcoins physically, it can be bought and sold. It can also be stored in a wallet and used to purchase things.
All these will be done without seeing or touching the bitcoin because it is built on a technology called blockchain. The blockchain is run by and operated through a network of computers or nodes that ensure that the network is secure.
The nodes reach consensus on how bitcoins are generated. This essentially is an agreement among the nodes that ensure that every transaction made in the network is authentic and there are not people spending the same bitcoin more than once.
The network is also in charge of security to make sure that hackers do not take control of the bitcoin network.
The main advantage of blockchain the technology on which Bitcoin is built on is that it is transparent. This means that all parties to the transaction can view it to know its status.
Do you have questions or comments about Bitcoin? Ask them in the comment box below.