Home How to buy bitcoin easily for the first time?

How to buy bitcoin easily for the first time?

Bitcoin

14 min read

Buying Bitcoin as a beginner. You hear about Bitcoin everywhere and you've decided to buy some? Great! It's worth noting that it used to be quite complicated, but today it's very easy. Yes, now you can buy Bitcoin just like you would any other item.

There are nevertheless some particularities to buying bitcoin and we will see all of that in this article, don't worry.

I am writing this article really as if you had never bought bitcoin and even as if you did not yet know how bitcoin works.

Of course, I know that when you type "buy bitcoin", you get several pieces of information and it can give you a headache. Often, in addition, you are not given all the practical information you are looking for. You are often even recommended sites, not very recommendable, which are in fact, not at all optimal for beginners! I will explain to you in this article, the different platforms because it will mainly depend on what you want to do with your bitcoins.

Here, I'm assuming you don't own any Bitcoin and want to buy some in the simplest (and most secure) way possible. While the best option is to buy Bitcoin without KYC , if you're a beginner and don't want anything too complicated, follow this article.

I therefore show you, in this guide, all the steps to follow to buy bitcoin, to secure your bitcoins and also (and of course), how to sell it when it has reached new heights. I will also tell you how you can use your bitcoins and spend with them.

Yes, yes, I explain all that to you in this article.

What payment methods to buy Bitcoins?

The good news is that you can buy bitcoins using virtually every method available on the market. You can buy them by credit card , bank transfer, PayPal, at physical ATMs, etc.

🙂 Most of the time, people prefer to buy bitcoins directly with a credit card because it's the fastest method . As soon as you buy bitcoin, you see the amount in bitcoin appear in your wallet. It's quick and instant. That's why people choose to pay by credit card.

That said, you can also choose to purchase them through other methods. You are spoiled for choice, I want to say. Do not hesitate to read this article as a whole, because at the end I indicate how to buy bitcoins with other means of payment than a bank card.

On which sites can you buy bitcoins?

Ah, that’s the killer question. Honestly, maybe you don't realize it, but ultimately, knowing where to buy bitcoins is pretty much the same question as knowing where to buy your Adidas sneakers. Should you go to a particular store in Paris or buy them online? Or, buy them from a particular retailer, in a market or in the official store. Yes, what I want to tell you by that is that there are really lots of sites.

Of course, we can only advise you to go to a site that sells bitcoins that is recognized and reliable. For this, there are three widely used and very reliable sites. For example, you have Coinbase, Bitpanda, Coinhouse to name only the best known. I'll give you some explanations for each of the sites below, don't worry.

😯 And, if you want to know the particularities between the different sites for buying bitcoins, go to the section below.

If you are a beginner and you simply want/need to buy bitcoin, on a simple platform, without bothering with charts, curves and trading interfaces, here are the three sites that I recommend. They are more than sufficient and most of them also have a trading platform that you can use once you are more familiar with this universe.

1/ Buy on Youhodler

So, to be perfectly frank, Youhodler is clearly one of the easiest platforms for buying Bitcoin. You can also buy many other cryptocurrencies. Furthermore, the site is appealing because it allows you to generate passive interest on your cryptocurrencies. So, as soon as you make a purchase, you'll start earning interest the following week.

Buy bitcoin on Youhodler

2/ Coinbase: : The most complete site

Seriously, this is one of the first sites I tried. And, really, there is nothing to say. You can buy bitcoin or other cryptocurrencies very simply. You can buy them with different payment methods. The site is user-friendly and the German company is very recognized and reliable. You can buy, sell, trade directly on the site. Likewise, the application is very functional. Which means you can store your bitcoins, spend them or send them elsewhere, with just one click. For me, when you're starting out, it's one of the best sites, there's no photo.

Buy bitcoin on Coinbase

3 / Buy on Coinhouse

I must say that I really like this site. On the one hand, the headquarters is based in Paris, which can reassure people who want to go there physically. The company is French and offers complementary services. For a beginner who wants to buy bitcoins in a safe way with support, this is really one of the best options. The only disadvantage of Coinhouse is that you cannot buy several other cryptocurrencies. You can only buy bitcoin and ethereum. But, hey, for a start and for someone who wants to buy bitcoin only, this is a great site.

What is the easiest method to buy bitcoin?

Frankly, the simplest way is to simply go to the sites mentioned above. Sign up, send money and buy your bitcoins, just like you would buy anything else. Keep them in your wallet to possibly spend or resell them later. Also, there are now easier methods to buy bitcoin.

This method is that of bitcoin bank cards. In fact, most of them are debit or prepaid cards that work exactly like a traditional bank card. So, you have your application, your euro account and a bitcoin account. You can instantly exchange your bitcoin for euros. And, there you have it, you have credited your crypto bank card. You can use it anywhere, online or offline, like your classic card.

I invite you to read the full article on the best crypto bank cards on the market.

How to choose the ideal site to buy bitcoin?

Again, you have a choice. Remember that you can start buying bitcoin on one platform, then transfer them to another later. Nothing is final. You open a bitcoin wallet in a simple way, as you can see. Do not hesitate to browse the sites to make the choice that suits you best.

Here I tell you about the best sites according to several significant criteria:

Fees (depending on the sites, the fees vary, even if they are very often equivalent)
ease of use (yes, some sites have user-friendly interfaces, personally, I prefer the simplest and visually pleasing platforms).
Security (there are platforms more reliable and secure than others. Buy bitcoins only on recognized platforms.

To learn more about websites for buying Bitcoin (and other cryptocurrencies), I encourage you to read the article that lists the 5 best sites for buying cryptocurrencies . This will help you decide which platform is best for you. The article details each of these sites' features.

How to secure and store your bitcoins?

You need to know something very important when you want to buy bitcoins. This is the question of security. The sites I tell you about above are sites that allow you to buy bitcoins in a simple way.

This means you don't have to create your own address and specific key. The websites hold your information. This has advantages and disadvantages. The biggest disadvantage is that if the site is hacked, you could lose your bitcoins. But there's no need to panic. The companies have guarantees and robust security systems. There have been cases of hacking in the past, but this is becoming increasingly rare. For even greater security, you can opt for offline wallets, which are the most reputable, such as a Ledger.

Buy a Ledger

How to sell your bitcoins?

You know, what's interesting about bitcoin is that you can buy it with one click and you can also sell it with one click. That's the big advantage. All sites that offer you the opportunity to buy bitcoin also offer you the opportunity to resell it. That is to say, you can resell it in euros or you can also exchange it for other cryptocurrencies.

When you sell your bitcoins, you'll receive the equivalent amount in euros directly. You'll then need to transfer those euros to your bank account of choice. Generally, it's the same account you used to buy your bitcoins that will be used to transfer your euros. Convenient, isn't it? For example, in my case, I sell my bitcoins on Coinbase and make a direct bank transfer to my account.

—> Convert your bitcoins to euros

Can you buy bitcoin every month?

Buying bitcoin every month or every week is a well-known way of investing. This is the so-called DCA (Dollars Cost Average) method which is also used in classic finance, for example. DCA consists of regularly purchasing bitcoin (or another asset). This allows the price to be smoothed over time. Likewise, it allows you to save on an asset of your choice on a regular and automatic basis.

Many sites allow you to do DCA such as Bitstack , MontPelerin or Youhodler.

Additional questions for buying bitcoin:

Here is the list of questions most often asked when you want to buy bitcoins. I tried to group together all the questions I get asked most often. I also asked myself the questions I asked myself when I started and I couldn't find the information I was looking for.

How to buy bitcoins cheaply, without fees?

It turns out that on most sites, to buy bitcoin without fees or with as few fees as possible, it is recommended to use bank transfer. Yes, this means that you will transfer an amount from your bank account (in euros or another currency accepted by the site) directly to your crypto account. This is how you will reduce costs. Of course, if there is an advantage to buying bitcoins without fees, you should also know that the bank transfer generally takes 3 or 4 working days depending on the bank. So, there are fewer costs, but it takes longer. That's if you wanted to know how to reduce costs.

What is the best site to buy bitcoins in France?

There are many sites to buy bitcoins as you know. That said, most are American companies and most are not translated into French. If you want to buy bitcoin in France, from a French company, the ideal is to go to Coinhouse. It is a recognized and established company in France. Customer support is in French and their office is in Paris. It really is an ideal platform for beginners and for those who want to be sure of keeping their bitcoins in a company in France.

? How can I spend my bitcoins?

Of course, you now have your bitcoins in your wallet. It is very good. You can decide to keep them carefully, for possible resale one day. You can also spend them on stores that accept bitcoin, for example. This will depend on the method you choose. For example, if you have taken the option of a bitcoin bank card, then it is clear that it will be as easy to spend your bitcoins as to spend your euros. If you have not taken the credit card, then you can also pay easily. You will be asked to transfer the required amount in bitcoin to a specific address. All you will have to do is copy and paste the address to send the amount. You can also scan the corresponding QR code and send your bitcoins directly to the requested address. So, it's simple, right?

You can read our article "What can you buy with bitcoins? " to find out the list of many products that you can buy with bitcoin.

How to buy bitcoin with Paypal?

If you want to buy Bitcoin with PayPal , it's a bit more complicated because not all platforms accept PayPal for Bitcoin purchases. That said, some are starting to accept it, and in a few years, we'll see PayPal accepted everywhere. I also know that, depending on your country of residence, you may not have a bank card available. Therefore, buying Bitcoin with PayPal is the only option.

Well, know that this is not a problem, you can read the article to find out how to buy bitcoin on LocalBitcoin.

What type of platform should I choose to buy bitcoins?

If you do your research, you will see that we offer you different platforms to buy bitcoins. In fact, if you are a beginner, it may seem difficult to choose the right site or platform.

Understand that there are essentially two main types of platforms for buying bitcoins. On the one hand, there are simple buy/sell sites like Coinbase or Coinhouse. These are generally the easiest sites for beginners who simply want to buy bitcoin. The entire buying process is simplified, and you have access to your bitcoins with a single click. The other type of platform for buying bitcoins is what are called " exchange platforms ." These are trading platforms for buying and trading your bitcoins. It's much more complex and is recommended if you want to trade cryptocurrencies.

? How to send bitcoin to another person?

Well, nothing could be simpler. First, ask for the public address of your friend's bitcoin wallet. Once he has given it to you, go to your account and click on "Send". All sites work the same way, with few differences. Now, write down the amount you want to send and insert your friend's address. Click ok. There you go, your bitcoins will be transferred to your friend. As simple as that, indeed. It usually takes less than an hour and you have minimal fees that will be indicated to you during your bitcoin transfer.

Remember that this is exactly the same process to follow if you want to transfer your bitcoins to another bitcoin wallet of your choice.

How to buy bitcoins at a tobacconist's?

Yes, you've probably heard of this concept. It was quite innovative at the time, although it's rather commonplace today. That said, people still buy Bitcoin online. If you'd like to buy Bitcoin at a tobacco shop, the company Keplerk offers this service. You buy a voucher for the amount of your choice, for example, €50 worth of Bitcoin. You'll then be given a receipt with a QR code. This gives you your €50 worth of BTC, which you can use anywhere. You can scan the QR code to transfer these Bitcoins to another wallet of your choice. For example, if you have a wallet on Coinbase or any other site, you can transfer them directly there.

? Do I need to have a specific wallet to buy bitcoins?

You've probably heard about the different types of Bitcoin wallets . Actually, now that buying Bitcoin has become commonplace, the wallet issue isn't as important anymore. Let me explain. Before, there were no intermediaries for buying Bitcoin.

We had to download the "bitcoin software" and create addresses on it. We had a public address (the one used when we want to receive bitcoin) and a private address (the one that allows us to access our wallet). It was rather complicated and we had to not lose our addresses to have access to our wallet. Many people have lost their keys by the way... But, today, the sites we are talking about are sites that take care of this part.

Where can you buy physical bitcoins offline?

This is a frequently asked question. You can buy Bitcoin offline, for example, by going to a Bitcoin ATM . This will depend on your location, because even though there are more and more ATMs, they are generally located in major cities. Check the CoinATMradar map to see where you can find ATMs. They are just as easy to use as regular ATMs, of course. However, you will first need a Bitcoin address, which you can get as a free wallet on Blockchain.info , for example.

How to buy bitcoins while remaining anonymous?

When you want to buy bitcoin, the vast majority of sites (which also show their seriousness) will ask you for supporting documentation. More specifically, you will be asked for proof of identity and an identity document (scanned, to be sent as a pdf/png file). This is to prevent money laundering and other illegal activities.

Alternatively, there are peer-to-peer sites like Paxful or LocalBitcoin . These are simple sites for buying bitcoin anonymously.

That said, if you don't want to send your ID and prefer to buy Bitcoin anonymously, be aware that most sites only request documents if you exceed a certain threshold. This threshold varies from site to site. I encourage you to read the article to learn how to buy Bitcoin anonymously.

—> Here's how to buy bitcoin anonymously (without KYC)

Conclusion on how to buy bitcoin

So that’s it for this guide to buying bitcoin. I hope you have all the information you were looking for. Once you have found the right platform to buy bitcoin, you will see that it is not very complicated. On the majority of platforms, you will be able to buy other cryptocurrencies later. It will even become child's play, I want to say.

Also try browsing the different sites to choose the best site for you. They are all more or less equivalent. Above all, choose the platforms according to what you really want to do.

If you simply want to buy bitcoins and hold them for future resale, don't bother with an exchange platform. I see far too many articles advising you to use complicated sites geared towards tech-savvy individuals or those with advanced knowledge. Instead, choose simple sites like Coinbase , Crypto.com , or Coinhouse.

If, on the other hand, you want to trade and exchange cryptocurrencies, in this case, yes, exchange platforms like Binance are ideal for you. But, if you want to buy bitcoin and you're a beginner, I think it's a little early to go to these sites. This may put you off at first. Buy your first bitcoins, simply. Then, when you feel ready, you can easily go to exchanges and trading sites.

Furthermore , you can read the article on the best platforms for buying cryptocurrencies to help you make a better choice.

Finally, what should I do with my bitcoins?

So there you have your bitcoins! Now you are free to do what you want with it. Keep them carefully or spend them. If you have any specific questions, feel free to ask us in the comment section. Even though we tried to be as precise and complete as possible, you never know!

Come on, good investment and don't forget that bitcoin can certainly climb even higher but it can also fall. So make an investment consistent with your current financial situation. In any case, welcome to this new universe. You will see, you will quickly be caught up in the euphoria when prices go up 😉

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

Our affiliate links:

To buy cryptocurrencies (in a simple way ) :