How To Buy Bitcoin

There are three ways how to buy Bitcoin that can be done:

(1) Buy Bitcoin directly with the instant method

Buying Bitcoin with instant method is the easiest way to buy Bitcoin. With this method, you can get your Bitcoin directly at the exchange rates listed at that time. You simply enter how many dollars you want to pay or how much Bitcoin you want to buy.

Usually, this method is widely used for beginners who are new to Bitcoin or those who do not want to take a headache in buying Bitcoin. This method is perfect if you want to buy Bitcoin and keep it as a long-term investment asset.

Depending on each Bitcoin company, Bitcoin purchases can be made by bank transfer method (either ATM or internet banking), various minimarket outlets, or e-wallet service providers.

If the analogy, Bitcoin purchase with this method is like when you buy foreign currency in money changer. You just need to say you want to buy how much and you immediately get the foreign currency. Just like money changer in general, you are not paying based on 'market price' (which you usually see on Google) but based on 'selling price' or 'purchase price'.

If you want to buy dollars for example, you will pay follow the 'selling price' in the money changer. So also if you want to sell your dollar, then your dollar will be rewarded following the 'purchase price' in the money changer.

This is true when you use an instant purchase method at the company / Bitcoin platform.

(2) Buy Bitcoin from Exchange (Exchange) and make trading

Another way to buy Bitcoin is to use exchange exchanges (Exchange). This way is more complex but you will have more control over the price you buy Bitcoin.

This means that Bitcoin can also be used as a trading instrument. This method is widely used by traders who make short-term but continuous investment.

So, buyers with this method will make a continuous sale and purchase to profit from Bitcoin's price difference.

Just like instant-purchase, Bitcoin purchases can be made by bank transfer method (either ATM or internet banking), various minimarket outlets, or e-wallet service providers, depending on your preferred Bitcoin company.

For example, you can 'install' an order to buy 1 Bitcoin at a price of USD 25,000, - when the current market price of Bitcoin is USD 27,000. That way, you will definitely get Bitcoin at a price of USD 25,000- but you are required to wait for price fluctuations of Bitcoin (which fluctuate) to touch your price or in other words, waiting for the 'seller' to answer your request.

In this example, you act as a market maker in buyer position. If later there are sellers who want to sell their Bitcoin to you at the price you want, then the seller will take your order, and he then referred to as a market taker.

Various platforms typically charge a small fee for market takers, sometimes these fees apply to both positions, both market makers and market takers. However, this is different depending on the company's Bitcoin exchanges.

(3) Buy Bitcoin from the community (peer-to-peer)

This is a way to buy Bitcoin without going through a platform or a Bitcoin company, but through a group or community of Bitcoin users.

Although some Bitcoin community circulates like this, there is a big risk because your transaction is not guaranteed by any Bitcoin platform.

An example is after you transfer, Bitcoin may not be accepted because you do not know the Bitcoin seller. You can not then report to anyone about it. Buy Bitcoin in two ways before is a more recommended way to buy Bitcoin safely and easily.

List of Bitcoin & Cryptocurrency Exchange Sites in the World