{"id":208835,"date":"2021-02-01T07:43:29","date_gmt":"2021-02-01T12:43:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=208835"},"modified":"2024-04-17T16:17:25","modified_gmt":"2024-04-17T16:17:25","slug":"buy-bitcoin","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin","title":{"rendered":"How to Buy Bitcoin Online Safely"},"content":{"rendered":"

Invest with low fees today in the highest ROI financial asset of the last decade. Buying Bitcoin online has outperformed the S&P 500, commodities, and all other popular investment opportunities.<\/span><\/p>\n

Bitcoin is the world’s first and most popular cryptocurrency, rising in value from just a few cents in 2010 to as high as $69,000 just over a decade later, that all-time high being hit in Nov 2021.<\/span><\/p>\n

People buy Bitcoin for various reasons. It’s seen as a hedge against inflation, a store of value – like ‘digital gold’ – and a medium of exchange. Many expect it to set new highs following the 2024 Bitcoin halving, and as of 2023, the Bitcoin price is trading at a discount.<\/span><\/p>\n

If you’re new to Bitcoin, you’ll want to learn how it works and the best places to buy Bitcoin safely. Many platforms vary in services, trading features, fees, and deposit methods. In this how-to guide, we walk you through how to buy Bitcoin online and review the best crypto exchanges.<\/p>\n

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How to Buy Bitcoin (BTC) – Quick Guide<\/h2>\n
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  1. Choose a Bitcoin exchange – we recommend Coinbase as our top pick.<\/span><\/li>\n
  2. Create an account and deposit funds – Paypal, debit\/credit card, bank transfer, and more methods are accepted.<\/span><\/li>\n
  3. Search ‘Bitcoin’ or ‘BTC’ in the top menu.<\/span><\/li>\n
  4. Click ‘Open Trade’ and select an amount of Bitcoin to buy.<\/span><\/li>\n<\/ol>\n<\/div><\/div>\n

    Where to Buy Bitcoin Online Safely<\/h2>\n

    Looking for a more comprehensive walkthrough of how to buy Bitcoin online? If so, the section below will show you precisely what you need to do to get your hands on Bitcoin safely and cost-effectively. We use Kraken in this example but all the exchanges and brokers listed below are recommended.<\/span><\/p>\n

    Step 1: Open an Account<\/h3>\n

    A Kraken account can be opened quickly via a desktop computer or mobile device. Head to the website or download the mobile app to get started, then fill in the required details, and verify your email address and phone number.<\/p>\n

    Step 2: Upload ID<\/h3>\n

    As a centralized exchange, Kraken requires users to upload certain Know Your Customer (KYC) documents due to compliance issues. This will include a photo ID.<\/p>\n

    Step 3: Make a Deposit<\/h3>\n

    Once an account has been set up, it will be possible to fund your Kraken account with fiat via wire or ACH bank transfers, credit card or with crypto.<\/span><\/p>\n

    Step 4: Buy Bitcoin<\/h3>\n

    With funds in your Kraken account, select the ‘Trade’ button on the home dashboard and search for Bitcoin or BTC. Then select the ‘Buy’ button and input the amount of funds to spend before completing the transaction.<\/p>\n

    Visit Kraken<\/strong><\/span><\/a>\n<\/p>

    Where to Buy Bitcoin<\/h2>\n

    The Bitcoin market has matured quite a lot. Due to its popularity, there are now several options where you can buy Bitcoin. It is in sharp contrast with what was applicable some years back. <\/span>Everyone provides easy access to digital assets, from crypto-facing exchanges and brokerages to those that serve other asset classes.<\/span><\/p>\n

    However, the problem with this variety is that finding the best place to buy Bitcoin is a bit challenging. In this guide, we’ve vetted the platforms and provided a condensed section on their features, fees, and what makes each unique.<\/span><\/p>\n

    To save you from researching dozens of different platforms, below, you will find the best places to buy Bitcoin.<\/span><\/p>\n

    1. Kraken – Popular Exchange since 2011<\/h3>\n

    \"Kraken\"Kraken<\/a> is a prevalent cryptocurrency exchange founded in 2011 and headquartered in San Francisco. It has been around for quite a while and has offices worldwide. With over 8 million active users, Kraken can be considered one of those exchanges with a strong pull in the industry. At the time of writing, Kraken is the third largest cryptocurrency exchange in terms of volume traded.<\/span><\/p>\n

    \"Kraken\"<\/p>\n

    It supports over 120 popular cryptocurrencies and has constantly seen an increase in the number of promising projects listed. Three major stablecoins – USDC, DAI, and USDT are supported on the platform, along with seven fiat currencies. These include USD, CAD, EUR, AUD, GBP, CHF, and JPY. Regulated by FinCEN, Kraken ensures good security regarding holding assets across both versions of the exchange- <\/span>Kraken<\/span> and Kraken Pro. <\/span><\/p>\n

    A downside to the exchange is that not using Kraken Pro forces users to pay more fees to participate in advanced trading products like derivatives or futures. Kraken also offers staking services for several assets.
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    Pros<\/strong><\/p>\n

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