How to Buy Bitcoin – Beginner’s Guide
Recently updated on March 15th, 2023
Buying Bitcoin can be a hassle-free process that takes just 10 minutes from start to finish that can be done from the comfort of your home. To get started, you only need to create an account with a regulated Bitcoin broker, deposit some funds, and place your stake. This guide is specifically designed for beginners who want to learn how to purchase Bitcoin securely and affordably.
Buy Bitcoin Easily & Safely
This quick guide will demonstrate how to purchase Bitcoin in the US. To illustrate the necessary steps, we will utilize eToro – an SEC-regulated broker that allows low-cost Bitcoin acquisitions starting from $10. To start investing in Bitcoin on eToro, follow these four simple steps:
- Sign up for a free account on eToro.com and provide your personal information as prompted.
- Deposit funds in US dollars with a minimum of $10 using a debit/credit card or e-wallet. There are no deposit fees, and your deposit will be processed instantly.
- Search for Bitcoin by typing ‘Bitcoin’ in the search box and clicking the ‘Trade’ button.
- Buy Bitcoin by entering the amount you wish to invest and clicking on ‘Open Trade.’ Once you confirm your order, eToro will deduct the amount from your cash balance and add the purchased Bitcoin tokens to your portfolio.
Best Platforms to Buy Bitcoin in 2023
Numerous trading platforms facilitate instant payment methods if you’re interested in purchasing Bitcoin online and want to enter the cryptocurrency world. This allows you to select your preferred payment option for funding your long-term crypto investments.
Nevertheless, it’s crucial to exercise caution regarding the fees charged by the platform in question and its regulation by a reputable financial body. For crypto traders searching for the most lucrative coins to mine in 2023, BTC is among the top digital assets. The following platform should be considered when determining where to buy Bitcoin nowadays.
Coinbase – Good Place to Buy Bitcoin as a Beginner
Coinbase is an excellent option if you’re looking for an easy and beginner-friendly way to buy Bitcoin. Its user interface is straightforward and free from technical jargon, making creating an account accessible and getting started. Once your account is verified, you can transfer funds via ACH without charge.
After the funds are credited to your Coinbase account, you can purchase Bitcoin with a commission of 1.49%. Although this may seem pricey, it’s still cheaper than buying Bitcoin with a debit or credit card, where the commission is nearly 4%. If you’re looking to diversify your investments, Coinbase offers other digital currencies besides Bitcoin. This means that you can take advantage of undervalued cryptocurrencies from the comfort of your home in 2023.