The bitcoin craze is still going on, and it does not look like it will stop soon. Nowadays, the internet is filled with questions related to how to buy cryptocurrency online. Crypto coins have changed the way people view money and assets.
Compared to how it was a decade ago, investing in Bitcoin is not that complicated. There are plenty of platforms designed to make the crypto exchange a smooth, secure, and stress-free process. In short, as long as you have a laptop or smartphone, internet connection, and bank account, you are all set.
History of Bitcoin
Bitcoin was unveiled in 2009. It was built by Satoshi Nakamoto alongside a team of other blockchain developers. At the time of its launch, Bitcoin was worth 1 USD. However, every year, the crypto coin has closed out on higher value than it started with. As of today, Bitcoin is valued at $48,000 USD.
Bitcoin is considered the most valuable crypto coin thanks to its high liquidity. The success of Bitcoin spearheaded blockchain technology and decentralized exchange platforms. These days, you can buy bitcoin on exchange apps or websites. Bitcoin also led to the creation of other crypto coins known as altcoins. Some of the major altcoins are Ethereum, Litecoin, and Solana, among others.
How to Buy Bitcoin on Exchange Platforms
Exchange platforms offer a variety of crypto trading services. If you’re a newbie still learning how to buy and sell bitcoin, then we would suggest signing up with a crypto exchange service of your choice. Various crypto exchange service providers offer the services on various platforms, including Android and iOS apps.
You will need to sign up for an account using your email address. After that, you will be prompted to verify your account. However, not all platforms will require you to verify your account. Some platforms will only ask you for verification when you’re making transactions.
Once your account is all set, you will need to select your mode of payment. Most crypto exchange platforms allow buying Bitcoin from your bank account through your credit or debit card. One thing you need to consider is that you should use a USD or Euro account to avoid extra conversion charges. If you are looking for the best crypto exchange platform, we would recommend you sign up for an account with NakitCoins. Other than accessing their services from their website, you can also download the Android or iOS app.
You may have noticed Bitcoin ATMs across major cities worldwide. Using a Bitcoin Store Locator app, you can find out if there are any Bitcoin ATMs near your residence. These ATMs work like normal ATMs, but they are linked to your crypto wallet.
You can buy Bitcoin from an ATM using USDs or Euros. The transaction fees are quite low and you can buy crypto worth any amount. Finding guides on how to buy cryptocurrency online is easier these days. The technology is developing and there are plenty of online support platforms that can help you get started.