With April being our “month of Bitcoin” we would like to show you four easy ways to buy Bitcoins.
If you haven’t done so already, read our introduction into Cryptocurrency here.
Coinbase is still the leading Bitcoin exchange, where you can easily acquire bitcoins using either card payments or bank transfer. They also provide you with a wallet, so you don’t have to worry about installing a software wallet with the chance of using your coins when your phone or computer breaks down.
Coinbase will safe-keep all of your crypto coins. Visit coinbase.com here.
Revolut is a new fintech ‘mobile-only’ bank, opening an account is a breeze and since a few weeks also available for US citizens. Once you have deposited some money into your account you can quickly convert it into one of the many cryptocurrencies available, including Bitcoin.
Also with Revolut your coins are kept safe on their systems. Just think of it as having a bank account where the coins are stored. Visit revolut.com here.
Kraken is mainly an exchange and trading platform but has one of the lowest fees and best exchange rates in the industry. After you have signed up for an account, and it’s been approved, you can deposit money using cards or bank transfer.
For Kraken goes the same as Revolt & Coinbase, they will keep your coins in custody. Visit kraken.com here.
For the following options the use of a so-called software wallet is required. It means your coins aren’t kept at a 3rd party, but are stored in your own wallet.
The wallet we would like to recommend is “Jaxx Liberty“, it has both desktop apps as well as mobile apps which you can all link together. Furthermore, it’s very user friendly.
It’s a known fact PayPal doesn’t like a lot of things (like this website, Bitcoin, and the list goes on..), though it’s still possible to acquire Bitcoins using PayPal. Here’s a great article explaining step by step how to go about it.
Local Bitcoins is a site where you can buy bitcoins from people around you. It can be done in person (by paying cash) or through other payment methods (like bank transfer). Visit the site here.
Using an ATM
Believe it or not, there are ATM’s worldwide where you can insert paper money and get bitcoin in return. A list of ATMs and instructions on how they work can be found on this site.
Banxa is an exchange service that has good rates, accepts a wide range of payment methods and is very user friendly. Give them a try here.
Paxful can be compared to Local Bitcoins. Instead of buying Bitcoins through an exchange or third-party provider, you buy them directly from other people. Various methods of payment are accepted, depending on the vendor. Visit Paxful.com here
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