Bitcoin is currently the top cryptocurrency around the world. Everyone interested in investing in crypto is opting to start with Bitcoin. And the results are simply incredible.
So, have you decided to start with Bitcoin today? Way to go. You will get to enjoy a lot of advantages that come with this. The only question is “Do you know how to buy Bitcoin near me?” If not, then you should not worry.
We have provided you with this simple guide that can help when it comes to this.
How to Buy Bitcoin Near Me: Find a Reliable Exchange
Are you wondering where to start when learning how to buy Bitcoin near me? Find a crypto exchange. A cryptocurrency exchange is simply a place where all cryptocurrency traders including those dealing with Bitcoin and other popular coins can make exchanges with the platform. There are many exchanges that you can choose from since cryptocurrency is taking the lead today. But as a newbie, we advise that you choose a safe, fast, and easy-to-use crypto exchange. There are a few top ones, and a good example is NakitCoins. You will only be required to pay a small fee for trades, and it is an especially beginner-friendly option for those who want to know how to buy Bitcoin near me.
Create an Account and Add a Payment Method
After choosing the exchange to purchase Bitcoin from, then it is time for you to create an account. There are a few requirements when it comes to this. They include providing information from your ID and creating a username and password. Various exchanges accept different payment methods and different methods for receiving funds after selling cryptocurrency. You can add your payment details now so that you are ready to discover how to buy Bitcoin near me.
This step takes different routes depending on the exchange you have chosen. You will find that it is as easy as online shopping to enter the number of dollars you would like to spend on Bitcoin on a particular exchange. If you are a professional and trade very frequently, then you can easily choose a market order as well as a limit order. A market order means that you want to buy Bitcoin instantly for the current market price. On the other hand, a limit order means that the trader can set the maximum price at which they would buy Bitcoin. When the price drops to that point, the Bitcoin will be purchased.
How to Buy Bitcoin Near Me: Find a Secure Storage Place
The best place that you can safely store your Bitcoin after purchasing it is a crypto wallet. These are wallets that are used to store Bitcoin and other cryptos. Even if you purchased your Bitcoin on an exchange, you can decide to store the Bitcoin outside the exchange in a personal wallet. This comes with various benefits since you can easily access your Bitcoin at any place and any time you need to.
These wallets are also safer than an exchange since they store the Bitcoin further away from risks such as being hacked. There are two types of wallets: hot and cold. A hot wallet is an online wallet. And a cold wallet is a hardware or a paper wallet.
This is how to buy Bitcoin near me easily. First of all, choose an exchange, create an account and add a payment method, Purchase Bitcoin, and lastly, store it securely. Hopefully, you now understand how you can purchase Bitcoin.