How to Buy Bitcoins

Now you already know the advantages of Bitcoin and have realized that this virtual currency is the way of the future, the next step is to learn how to buy bitcoins. Getting bitcoins might seem a little confusing at first but have no worries, Best Bitcoin Dice will guide you every step of the way, not just on playing bitcoin dice but on buying bitcoins as well.

You can buy bitcoins from regulated Bitcoin Exchange markets, or directly from other people selling them. You can pay for them in a variety of ways, from hard cash to wire transfers; it all depends on who you are buying them from and where you live. Given this fact, anyone in the world, of any age, in any country, may start accepting bitcoins immediately. The only puzzle that remains unsolved is how to buy bitcoins. Fortunately, we have all the answers. Check this out.

Get yourself a Bitcoin wallet

Before you can buy bitcoins, first thing you need to do is get a Bitcoin wallet, because this is where your bitcoins are stored. Getting your personal wallet is easy and free. You have two options to choose from: a software wallet stored on the hard drive of your computer, or a web-based digital wallet. Both have their own drawbacks; however, it’s up to you which one you trust the most.

It’s time to buy bitcoins

Bitcoin Exchange is the best option if you want to engage in regular trading. At this time, the largest full trading exchanges accessible to all countries are Bitstamp and Kraken. The world’s largest BTC exchange, BTC China, exchanges bitcoin for Chinese Yuan/Renminbi only.

Should you wish to buy bitcoins from exchange markets, you will need to create an account in the trading market of your preference. Once you’ve set up your account, you will need to link an existing bank account to move funds between it and your new exchange account via wire transfer. This usually entails a fee, so better check the transaction fees first before proceeding to the next step.

After getting this done, proceed to the buy/sell page and enter the amount of bitcoins you wish to buy. Take note that its value is based on the current exchange rate.

Once this is done, you can transfer the payment directly to the trading exchange’s bank account. The process usually takes a few days for the transaction to get done. Once the transaction is finished, bitcoins will be credited to your account and you can have them transferred in your Bitcoin wallet address.

As you can see, knowing how to buy bitcoins is easy as pie. Just follow the abovementioned guidelines and you will sure have your bitcoins in no time.