Beginner’s Guide to the Cryptocurrency Circle: How to Buy Bitcoin (BTC)
Newbies may encounter some difficulties when purchasing the Bitcoin (BTC) cryptocurrency. You may not be sure where and how to buy it. This article will show you how to buy Bitcoin (BTC) easily. You can quickly learn how to buy Bitcoin (BTC) with this beginner's guide.
What is Bitcoin (BTC)?
Where can I buy Bitcoin (BTC)?
How to buy Bitcoin (BTC) using cash/credit/debit card?
What to do after buying Bitcoin (BTC)?
common problem?
What is Bitcoin (BTC)?
Bitcoin is a consensus network that enables a new payment system and a completely digital currency. It is the first decentralized peer-to-peer payment network, controlled by its users without the need for a central authority or middleman. From a user's perspective, Bitcoin is much like the cash of the internet. Bitcoin can also be seen as the most outstanding three-entry bookkeeping system currently available.
Unlike most currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire p2p network to confirm and record all transaction behaviors. And use cryptographic design to ensure the security of all aspects of currency circulation.
The decentralized nature of p2p and the algorithm itself ensure that currency values cannot be artificially manipulated by mass production of Bitcoins. Design based on cryptography allows Bitcoin to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total quantity is very limited and it is extremely scarce. The currency system had no more than 10.5 million coins in 4 years, after which the total number will be permanently limited to 21 million coins.
Where to buy Bitcoin (BTC)?
Bitcoin purchases are supported through various channels and platforms, such as cryptocurrency exchanges, cryptocurrency wallets, and various fintech platforms, and you can even buy directly from other individuals. Generally speaking, the easier and safer way to buy Bitcoin is through a trusted cryptocurrency exchange or cryptocurrency wallet.
Looking to buy cryptocurrencies but don't know where to buy Bitcoin? No need to worry! Binance provides a variety of currency buying options for you to easily purchase Bitcoin and other cryptocurrencies while enjoying the lowest fees and highest security.
How to register on Binance? Then you can buy Bitcoin (BTC)
Binance is a centralized exchange where you can buy Bitcoin and other cryptocurrencies. Before using the Binance platform, you need to open an account and complete identity verification.
Register through Binance App: https://basebiance.com/c/ Use your personal email and mobile phone number to register on the website, and fill in the invitation code 850084675
Click the "Buy Coins" link above the Binance navigation to learn about the Bitcoin buying options available in your country.
For better compatibility of coins, please consider purchasing stablecoins such as USDT first, and then use the stablecoins to purchase Bitcoin.
A. Purchase Bitcoin using debit/credit card
For new users, this is the easiest option to buy Bitcoin.
Visit Binance’s “Buy Bitcoin with USD” page. If you don’t have an account, you must first register and fill in the invitation code 850084675 and select Bitcoin and USD from the drop-down menu. Select "Card" as the payment method and click "Confirm." If you have not previously purchased cryptocurrencies with a debit or credit card on Binance, the "Add New Card" will appear. Click "Add New Card," enter the card information, then click "Confirm." On the payment confirmation page, verify relevant information and confirm the order within the specified time. Use "Refresh" to get new quotes. Click "Confirm" to place the order. You will be directed to the corresponding bank’s OTP transaction page. Please follow the instructions to verify your payment. After verification, the tokens will appear in your spot wallet.
B. Purchase Bitcoin using Google Pay or Apple Pay
Visit Binance’s “Buy Bitcoin with USD” page. Select Bitcoin and USD from the drop-down menu. Select Google Pay or Apple Pay as your payment method and click Confirm. Click the "Buy" button. On the payment confirmation page, verify relevant information and confirm the order within the specified time. Use "Refresh" to get new quotes. Click "Confirm" to place the order. The tokens will appear in your spot wallet.
C.C2C transaction
Buy Bitcoin directly from other users through Binance’s peer-to-peer service.
D. Third-party payment
A variety of third-party payment channels are available. Please visit the Binance FAQ to learn about the options available in your region.
Store or spend Bitcoin on Binance.
Once you buy cryptocurrency, you can store it in a personal cryptocurrency wallet or directly into your Binance account. You can also earn passive income by trading or staking other cryptocurrencies with Binance Money. If you want to trade your Bitcoin on a decentralized exchange, perhaps try Trust Wallet, which supports millions of assets and blockchains.
