Today I will explain how to buy Bitcoins safely and without risk. For this, i am gonna tell you that how to make the purchase through Coinbase, one of the most popular, and also one of the most reliable and safe so far.
Safest Ways to Buy Bitcoins
There are several pages where you can buy your Bitcoins quite safely and almost without risk. These are large platforms with a good user base, and whose maximum intention is to simplify the process as much as possible. Just enter, you pay with your card the amount of Bitcoin you want and ready. Here are some of the main trusted and safest exchanges to buy bitcoins.
- Coinbase : This crypto exchange site is one of the most popular that you can find, fast and easy to use. You can buy bitcoins by bank transfer or with your credit card with a commission of 3.5%. It's so popular that it's the one we're going to use today to guide you through the buying process. Register on coinbase now.
- Kraken : Another of the largest portals in terms of purchase of cryptocurrencies. You can register, after which it may take a while until you are verified. Once verified, you can make free transfers throughout Europe, and when buying Bitcoins you are asked for a commission between 0.16 and 0.26%.
- LocalBitcoins : A platform somewhat different from the others, since it focuses on the purchase of person to person (P2P). That means that they do not charge you any commission unless you want to create an ad, although it can also be a bit more complicated for new users.
- Bitstamp is another of the main exchanges in which you can buy Bitcoins and other cryptocurrencies, exchanging dollars and euros for them. Your commissions depend on the volume of your purchase, and they promise total transparency.
How to buy Bitcoins in Coinbase
The first thing you have to do to buy Bitcoins is to register on an exchange site where you can buy them. We are going to use for example Coinbase, where to register you have to click on the Register button that appears in the upper right part of your homepage.
Next you have to enter a few personal information , such as your name, surname, email and password. Once you fill in and choose the option I am not a robot click on Create account to complete the registration.
When you do, you will receive a confirmation email in the email you have entered. Use it to confirm your account. Then the registration process will ask you to register your phone number as an extra security measure, and you will have to write a code that will be sent by SMS to confirm it. Once you do it is done, your Coinbase account will be created.
Once you have created your account you will still have two steps to complete it. First click on Verify your identity (1) to upload a photo of the ID following the steps, and then click on Add a payment method (2) to complete your registration by attaching the credit or debit card with which you want to make payments .
Once you complete the complete registration (you may enter your ID requires several attempts), you can start buying and selling your cryptocurrencies. For that click on the option Buy / Sell that you have at the top of the screen. By doing so you will go to the cryptocurrency purchase process.
On the next screen you have two steps to take. First choose the cryptocurrency you want to buy (1), and then select in the box USD(2) the amount of dollars you want to buy. On the right, you will have a breakdown of what you get and the price of the commissions. Once you finish click on buy Bitcoin.
You will go to a last screen in which you must click on Confirm purchase to confirm the operation, and after doing so you may have to enter the key that you send by SMS to verify it completely. Once done, the transaction will be completed. If you have attached your credit or debit card the transaction will be done instantly, and if you entered your account number it will take a couple of days.
Where to use Bitcoins safely
For a long time there is a good repertoire of pages where you can use Bitcoins to pay for . Services as varied as domains or VPN already allow you to use this cryptocurrency. In addition, pages like Dondecomprarconbitcoins.com offer you complete lists with all the websites that allow its use.
There are also initiatives made by users to highlight the physical stores where Bitcoin is allowed as a method of payment. One of the most complete is Coinmap, where they show you a map with your location and the main businesses that you have around you where they accept the cryptocurrency.