Oct 23, · Buy Bitcoin Instantly with Credit card: The fastest way to purchase Bitcoin using your Debit/Credit card. Using this method, you can own Bitcoin within minutes. Moreover, you can buy using a small amount one time or on a regular basis. add money to coinbase via ACH direct deposit. it will take 7 days but you will be able to buy more than the 7 day coinbase limit via Coinbase Pro. add USD to your account, then in 7 days transfer that money to Coinbase Pro and buy all you want. Mar 06, · Bitcoin for Beginners is a subreddit for new users to ask Bitcoin related questions. **Do not respond to strangers direct messaging you, as over 99% of these people are Scammers.** This subreddit allows open discussion where peer review occurs.
Fastest way to buy bitcoin redditBest Places to Buy Bitcoin of
First of all, need some background information about what Bitcoin is? It's a digital currency used mostly for online purchases and as an investment, albeit a very risky one.
It is not sponsored by any government. You can also buy them with dollars or nearly any other currency. While there are some stories of people making a fortune on Bitcoin in , many people lost as it fell from its peak.
This can be an online digital wallet attached to the account where you buy and sell, a program on your computer or a physical device you plug into your computer. You can transfer Bitcoin and use them for purchases at some rare stores on and offline. But when transacting in Bitcoin, beware of large transfer fees when going back and forth between coins and other currencies and even transferring to other digital wallets.
So, where can you buy Bitcoin? Read on to find the best places to pick up Bitcoin today. Coinbase is the biggest and most respected Bitcoin platform in the United States. It offers both an exchange and wallet in one, making it one of the easiest places to start with Bitcoin. Coinbase also supports Bitcoin Cash, Ethereum, and Litecoin.
Once you sign up and connect your bank account, you can easily transfer funds in and out of your account and convert them to Bitcoin and back to dollars at will.
Coinbase charges a variable percentage fee of 1. Purchases with a credit or debit card add on a 3. Robinhood started as a fee-free stock brokerage and recently expanded into the world of digital currencies. The best part: No fees! You can buy and sell Bitcoin and other digital currencies completely fee-free on this platform. Robinhood supports cryptocurrency trades and market data right in its mobile app.
Your coins are stored in the same Robinhood account you use for your stocks and share a login. Robinhood is mobile-first but you can also trade on desktop, and it may be best for people comfortable managing money from their phone or tablet. The biggest downside is that Robinhood does not work in every state for cryptocurrency trades as of May But if you do live in one of those states, Robinhood Crypto is a great option to get started in Bitcoin trading.
This is another mobile app where you can buy and sell Bitcoin with no fees. The Cash app is already great for sending money to family and friends for free similar to Venmo. But adding in free Bitcoin buying and selling puts the Cash app near the top of the places to buy Bitcoin list. The Cash app comes from Square, the company that makes those mobile credit card readers. Square is a huge financial technology company that includes many other services. Bitcoin is just a small piece of what they do.
But with no fees, the price is right. But if you do want to send your coins to another wallet, Square does offer that feature. Binance charges very low fees at just. While this is platform offers a huge range of currencies at a low cost, there are some bugs reported with the Android mobile app, and some users have reported delays withdrawing certain currencies.
Binance is not insured, which may be a major concern to some, particularly after some irregular trades were detected and reversed in March Coinbase Pro formerly known as GDAX is a serious trading platform with screens that look familiar to those who use Bloomberg terminals or active stock, commodity and option trading platforms.
It charges fees ranging from 0. If you want to try Coinbase but with much higher volume, this platform is the way to go. Coinmama is an all-in-one exchange and digital wallet that makes it easy to buy Bitcoin and a limited list of additional currencies in U. Dollars or Euros. The site claims more than 2 million customers in countries. Another important factor to keep in mind is, where do you want to store your Bitcoin.
The best way to do it is, by using a Bitcoin hardware wallet which ensures maximum security for your Bitcoin. If you are planning to use Bitcoin for payments on a regular. We have shared some of the most used and trusted ways you can buy Bitcoin a.
Before you spent your hard-earned money, lets just spent the next one hour literally 60 minutes to learn everything you need to know to buy Bitcoin. This article will be your guiding principle, and I have linked to the selected resource that would help you master the buying and holding Bitcoin.
I have linked to our best resources that will help you to dig deeper and learn more about the method that you wish to use to buy Bitcoin. None the less, I promise you, within the next 60 minutes, you will be able to buy bitcoin, and you would be one of those lucky individuals who would be holding a portion of Bitcoin.
Using this method, you can own Bitcoin within minutes. Moreover, you can buy using a small amount one time or on a regular basis. There are many financial regulated companies that ensure you get the best Bitcoin price when you purchase Bitcoin.
Here are websites to buy Bitcoin with a Credit card. Using these above two websites is straight forward and even if you have never purchased Bitcoin before, it will be easy.
International or domestic bank transfer is commission-free. You can use a card to fund your account which is instant process. After the fund is added, click on Buy Bitcoin and enter the amount for which you wish to Buy Bitcoin:. Bitcoin exchanges are another best way to Purchase Bitcoin. They offer high liquidity which is ideal in case if you want to sell your coin.
Here are the top Bitcoin exchanges :. There are many country-specific websites that let you purchase Bitcoin in your local currency. This is idle when you want to buy Bitcoin using a bank account.
If you want me to add more countries, just drop a comment I will add your country-specific website to buy Bitcoin. Now, you may be from a country where it is not easy to purchase Bitcoin. In that case, here are many alternate ways Payment methods that could be used to Buy Bitcoin:.
Buy Bitcoin anonymously and without ID. Yes, Bitcoin is worth investing even in Bitcoin has been a high-risk high reward investment until now. As suggested by many professionals, you should invest only that amount in Bitcoin, that you are ok losing. Short answer: Yes, it is a smart choice to Buy Bitcoin. A lot of people who bought Bitcoin have made significant money.
However, it is important that you understand how Bitcoin works, and other details before you buy Bitcoin. The information like where do you buy Bitcoin from, how do you store it is a piece of important information before you purchase bitcoins. You should use the dollar-cost average technique to accumulate Bitcoin. Rather than buying one-off There is an exception when Bitcoin price is ultra-low, you should buy on regular interval just as an SIP to ensure you average your purchase cost.
Yes, you can buy less than 1 Bitcoin. Bitcoin is legal to buy in many countries including U. In many countries as long as its not announced illegal , you can buy Bitcoin. However, the verification process could take a few minutes to hours. Once you have a verified account, you can always buy or sell Bitcoin instantly. Yes, you can buy Bitcoin up to 8 0.
Almost all of the Bitcoin websites let you buy partial bitcoins which, you can store in a wallet. If you are below 18, you can do KYC in the name of your parents and then buy Bitcoin. Paxful have a good number of sellers which would let you buy Bitcoin with Google pay wallet.
You can bookmark this resource for future reference or share it with others to help them in Buying Bitcoin. If you have an additional question regarding Buying Bitcoin, feel free to ask in the comment section below. Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra.