ZoneBitcoin EditorialBuy bitcoin when you are a beginner. You hear about bitcoin everywhere around you and have you decided to buy it? Stunning. I must still tell you that it was quite complicated in the past but today, it is very easy. Yes, now you can buy bitcoin like you would buy any other object.
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. We even often recommend sites that are not very recommendable, which are in fact not at all optimal for beginners! In this article, I will explain the different platforms to you because it will mainly depend on what you want to do with your bitcoins.
Here, I'm assuming that you don't have bitcoin and that you want to buy some in the simplest (and most secure) way possible. Even if the best thing is tobuy bitcoin without KYC, if you're just starting out and don't want something 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 with almost any possible method on the market. YOU can buy by credit card, by bank transfer, by Paypal, in physical distributors etc.
🙂 Most of the time, people prefer to buy bitcoins directly by credit card because it is the fastest method. As soon as you buy bitcoin, presto, you see the amount in bitcoin displayed on your wallet. It's fast and instantaneous. This is 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 speak frankly to you, Youhodler is clearly one of the simplest platforms for buying bitcoin. You can also buy many other cryptocurrencies. Likewise, the site is interesting because it allows you to generate passive interest on your cryptocurrencies. So, from your purchase, the following week, you will earn your first interest.
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.
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 find out more about sites for buying bitcoins (and other cryptocurrencies), I invite you to read the article which brings together the 5 best sites to buy cryptocurrencies. You will then be able to decide which is the best platform for you. The article covers in detail each particularity of these sites.
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 that you do not have to create a specific address and key yourself. These are the sites that hold your information. This has advantages and disadvantages. The biggest drawback is that if the site is hacked, you can lose your bitcoins. But, then, no need to panic. Companies have guarantees and they also have powerful security systems. There were cases of piracy at the time but this tends to become exceptional. You can nevertheless, for even greater security, opt for offline wallets, which are the most reputable, such as with a Ledger for example.
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 will directly receive the equivalent amount in euros. You will then have to transfer the euros to your bank account of your choice. In general, it is the same account that 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 directly makes a 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, for example bit stack, MontPelerin or even 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?” for a list of the many products that you can buy with bitcoin.
👉 How to buy bitcoin with Paypal?
If you want buy bitcoin with PayPal, then, it's a little more complicated because not all platforms accept Paypal to buy bitcoins. That said, some are starting to accept and in a few years, we will see that Paypal will be accepted everywhere. I also know that depending on your country of residence, you may not have a bank card at your disposal. In fact, buying bitcoin with Paypal is the only solution.
Well, know that it's not a problem, you can read the article to know how buy bitcoin on LocalBitcoin.
👉 What type of platform should you 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 in fact, there are two main types of platforms for buying bitcoins. On the one hand, there are simple purchase/resale sites like Coinbase or Coinhouse. These are generally the simplest sites when you are starting out and simply want to buy bitcoin. The entire purchasing process is simplified and you have access to your bitcoins in one click. The other type of platform for buying bitcoins is what we call “exchange platforms“, or “exchange platform”. There, in concrete terms, these are trading platforms for buying and exchanging your bitcoins. It's really more complicated and is rather 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 gives it to you, go to your account and click “Send”. All sites work the same way, with little difference. 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 a small fee that will be quoted to you when you transfer your bitcoin.
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 the tobacconist?
Yes, you have surely heard of this principle. It was quite innovative at the time although today it is rather commonplace. That said, people continue to buy bitcoin online. If you also want to buy bitcoin in a tobacco shop, this is the company Keplerk who offers this service. In fact, you will buy a voucher for the amount of your choice, for example for 50 euros of bitcoin. There, we will give you a ticket on which there is a QR code. So you have your 50 euros of btc that you can use anywhere. You can directly scan the QR code to transfer these bitcoins to another Wallet of your choice. For example, you have a wallet on Coinbase or any site, and you can transfer them directly to it.
👉 Do I need to have a specific wallet to buy bitcoins?
Certainly, you must have heard about different types of bitcoin wallets. In fact, now that buying bitcoin has become commonplace, the wallet issue is no longer as important. Let me explain. Before, there was no intermediary to buy bitcoins.
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 which allows us to access our wallet). It was rather complicated and you definitely had to not lose your addresses to have access to your wallet. Many people have lost their keys elsewhere...But, today, the sites we are talking to you about are sites that take care of this part.
👉 Where can you buy bitcoins physically, offline?
This is a question that comes up often. You can buy bitcoin offline, by going to an ATM ATM Bitcoin, For example. This will depend on your geographic location, because although there are more and more BTMs, they are generally in big cities. Look on the map CoinATMradar, to find out where you can find distributors. They are as easy to use as traditional ATMs, of course. Beforehand, you will still need to have a bitcoin address, which you can obtain wallet for free on Blockchain.infoEg.
👉 How to buy bitcoin 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.
Otherwise, there are so-called peer-to-peer sites like Paxful ou LocalBitcoin. These are simple sites to buy bitcoin anonymously.
That said, if you don't want to send your ID and buy bitcoin anonymously, then be aware that most sites only ask you for documents if you exceed a threshold. The threshold will depend on the sites. I invite you to read the article to find out 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 just want to buy bitcoins and preserve them for future resale. Don't bother going to an exchange platform. I see too many articles that advise you to go to complicated sites, dedicated to transverses or to people who know about them. No, choose simple sites like Coinbase, Crypto.com or even 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.
💰Besides, you can read the article on the best platforms to buy cryptocurrencies to make your choice better.
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.
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