How to Buy Bitcoin – Buy Bitcoin with credit card – Bitcoin Support Number

What is Bitcoin?

In simple terms, we can say that Bitcoin is a kind of digital currency or a form of modern currency that is paperless. By this, we mean that you cannot have it in a physical form instead you need to deal with it using some online platforms. It uses peer-to-peer technology which in turn reduces the hassle of going to banks or any such authority for transferring funds. The aforementioned cryptocurrency is made or developed through a process called mining that uses Blockchain technology.

Not only this, but Bitcoin is also considered as a network through which you can carry forward your transaction and it is available to every human being. This means that anybody can use this and it is not a restricted platform. In other words, it is also represented as a coded token that many people are using nowadays. To know more about Bitcoin, you can reach out to Bitcoin support in various ways.

In which countries Bitcoin is legal?

Although, it is available to everyone, there are many countries in which it is considered illegal because of a few reasons. The legality of Bitcoin depends totally upon your location because there are no specified criteria for knowing if Bitcoin is legal or illegal. Since this crypto is not regulated by any central authority, you need to be careful while dealing with it. Unfortunately, Bitcoins are used by criminals to accomplish their evil goals. They use it to buy and sell drugs and weapons. Hence, you need to check out if Bitcoin is legal in your country or not before you start dealing with it.

Here is the list of Countries where you can use Bitcoin:

  • The United States
  • Australia
  • The European union
  • Japan
  • Gibraltar
  • Malta
  • Ukraine
  • Switzerland
  • The Netherlands
  • Lithuania
  • Estonia
  • The United Kingdom
  • Germany
  • Bermuda
  • Slovenia
  • Singapore
  • Georgia
  • Belarus
  • Hong Kong

How does Bitcoin work?

Bitcoins are mined through Blockchain technology and as a new user you can easily get started with it without going through its technicalities. All you need is a wallet installed on your computer or mobile device. The working of Bitcoin is as easy as using email services. When you generate your first Bitcoin address you can start using its many services. After generating your address, you can share it with people so that you can start transferring or receiving funds.

You can also create more addresses in case of future needs. Whenever your Bitcoin transactions get successful, then it is added as a block in the Blockchain. It is a kind of public ledger on which each kind of cryptocurrency relies and hence it is impossible to create a copy of it. Moreover, it ultimately decreases the risk of fraud and theft. You can also trace the history of crypto on Blockchain because it is impossible to change the information of a block once stored. If you are unable to understand the process of Bitcoin, then you may dial the Bitcoin support number.

How do people get Bitcoins?

You are eligible to get Bitcoins through the following three ways:

  • Although Bitcoins are completely virtual you need the “real” money for buying it.
  • Another method through which you can get this crypto is by selling the things and receiving payment for it in the form of BTC.
  • You can also create Bitcoins using your smart devices and visiting the official platform of Bitcoin or get help from Bitcoin support.

Different ways to buy Bitcoin

There are a number of different ways to buy any crypto and the same is the case with Bitcoin. Here is how to buy bitcoin;

Online method- using the debit card or credit card

This method is commonly used by beginners to buy Bitcoins online. Since most people are using credit or debit cards nowadays, it is considered one of the easiest methods to do it. You can use it to make faster transactions once the transaction is verified. But there is a catch; you need to pay a fee for completing your transactions. Visit to Buy Bitcoin with Credit Card

From a local Bitcoin ATM or bank transfer

If you want to buy Bitcoins on a larger level and you do not wish to pay a whole lot of fee for doing it, then bank transfer is the best thing way that you can choose. Banks do not charge a greater amount of fee for completing your transactions and are considered the best payment method for buying crypto.

Using Cash

A cash deposit or buying crypto with cash in your local area is the best option you can go for. It is considered a private payment method because your transaction is not recorded and cannot be traced back. People who prioritize privacy use this payment method.

Using PayPal

This method is usually very hard and expensive. According to its Terms and Conditions, a person cannot deal with cryptocurrency from this platform. But, there are certain ways through which you can use PayPal as a payment method. But the fee is usually high i.e. 12%.

Top 8 Bitcoin wallets

Although there are various brands that offer wallet services to trade with Bitcoin, the top 6 amongst those are listed below:

Blockchain
It is one of the highly accepted Bitcoin wallets that have been set in Luxembourg. You can use its wallet to trade in BTC and ETH. Moreover, it has a user-friendly interface and because of this, people love it the most. Although you need to pay a small amount of fee to complete your transactions, the fee is comparatively less.

Coinbase
it is probably the fastest and easiest way to buy Bitcoins in the USA. You can also connect your existing bank account with it for trading purposes. It charges 3.99% for debit card transactions and 1.49% for linked bank account transfer.

Coinmama
this interface can be used by anybody in the world. They can either use credit or debit cards to complete their transactions and need to pay a 6% fee. SEPA payment method is available for the people of Europe.

Bittrex
It is a very secure crypto exchange platform and focuses on only trusted coins. Hence, there are negligible chances of fraud. You can use the wire transfer method to complete your transactions. You are charged a 0.25% trading fee to use the wallet for fund transfer. There is no fee for fund deposit but the withdrawal fee might vary.

Kraken
it is the world’s largest Euro-denominated Bitcoin exchange platform. The trading fee is very less i.e., 0.25% and is highly secure. The platform is trusted by users across the globe.

Coinbase Pro
it is also one of the largest Bitcoin exchanges in the United States. It allows you to use various payment methods such as SEPA, Bank transfer or bank wire. Although it charges lower fees, its user-interface is quite difficult to use.

Gemini
it is a New York-based Bitcoin exchange platform. The residents of the United States, UK, Canada, Hong Kong, Japan, Singapore, and South Korea are eligible to use it.

Bitstamp
it is also a widely known platform that supports BTC exchange. Bank transfer, SEPA transfer, international bank wire, and credit card option is available for the users to carry forward their transactions. The fee is comparatively less i.e., 0.25%.

What can you do with your Bitcoin?

Using Bitcoin, you can make anonymous transactions because it is not controlled by any central authority or a bank. Hence, people love to use Bitcoin more than using actual money. Also, your identity remains completely intact until you share your account details with anyone.

On top of that, you can use this crypto to pay for goods and services. Bitcoin is widely used for trading purposes on a larger level than you would have ever expected. If you do not want to use it for trading, then you can hold on to it for future use when the Bitcoin prices get a hike. In simpler words, we can say that it is an asset for you. To know more about the mechanism of Bitcoin, you can dial the Bitcoin support number.

Conclusion

This article has highlighted everything you need to know about trading with Buy Bitcoin. If you are a beginner, then this would help you to know what are the pros and cons of Bitcoin along with its mechanism. In case you still have queries regarding Bitcoin, then you may reach out to Bitcoin support via the Bitcoin support number. You can also email your query at the specified email address.