How to Buy Bitcoins
“Satoshi’s gold” or “the digital gold for millennials” has continued to climb its historic mountain of success. Bitcoin is taking over the global marketplace by beating other cryptocurrencies supporting investments and betting industries by providing stable and consistent peer-to-peer electronic transactions, zero to relatively low transaction fees, security, and anonymity. At the time of this writing, more than half of the population knows what is Bitcoin and its uses and are already looking for ways on how to buy bitcoins for everyday use, and of course, Bitcoin MLB betting.
The main requirement for a those who want to purchase digital coins is to create or purchase a Bitcoin wallet. After that, the acquisition of the digital coins will come from your traditional fiat currencies which will be used for buying. Together with the importance of proper storage, knowledge in economics can also come in handy. Know the fluctuation rate and the favorable prices for Bitcoin before buying or selling one.
Now that you already know the basics and you have successfully set up a Bitcoin wallet, here are the two easiest ways on how to buy bitcoins:
Bitcoin Exchange Sites – The most popular method we have on our how to buy bitcoins lists is the Bitcoin exchange or trading sites. Access one of these sites and open an account to be eligible for purchase. These exchange sites buy and sell cryptocurrencies on your behalf, and your job is to pick the cheapest and trustworthy markets. Set your budget, look for the best deals, and let the exchange platforms do the rest for you. The largest Bitcoin exchange platforms in the world in terms of revenue and number of customers are is Bitfinex, Coinbase, Bitstamp, and Poloniex.
Special Bitcoin ATMs – Special Bitcoin ATMs is possibly the easiest and safest way to buy bitcoins if you’re fortunate enough to have one near you. Regions with the highest number of available Bitcoin ATMs are New York, California, and other surrounding territories. You can check on online Bitcoin ATMs radar if you have one near you. These ATMs look like the standard machines you see on the corner of the street, but they do not dispense cash. You can buy bitcoins using your smartphone and credit/debit cards. Once activated, you will provide your Bitcoin address and fill out the verification requirements on the machine. The confirmation and fund transfer takes 20-30 minutes.