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In the last ten years, Bitcoin has evolved from an obscure digital asset to a mainstream asset that many believe will be the future currency.
As Bitcoin continues to gain acceptance, many people are looking to buy it to benefit from its growth. Purchasing BTC isn’t difficult; nevertheless, it needs some understanding and research.
This guide will walk you through everything you need to know about how to buy bitcoin, from its benefits to the best place to buy bitcoin.
Bitcoin – Utilities & Benefits
Bitcoin was launched to become a peer-to-peer mode of payment that could disrupt existing Fiat currencies. Since its inception, BTC has revolutionized payment in different ways. Here are some of the benefits of using Bitcoin:
- Decentralization: Bitcoin isn’t held under a centralized system such as banks or governments; therefore, there’s no risk of your assets being locked or seized by the government. BTC is run by an open network maintained by volunteer coders spread globally.
- Anonymity: With conventional electronic payments, senders have to be identified to comply with anti-money laundering regulations. With BTC, users operate anonymously as there’s no central validator, and users don’t have to verify their identity when trading digital assets. When a user requests a transaction, the protocol checks if they have enough assets and the authority to send them. Purchases are never associated with a user unless they voluntarily publish their transactions.
- Low Transaction Charges: Regular foreign purchases and wire transfers usually attract high charges. With BTC, there are no intermediary institutions like banks; thus, transaction costs are low. This facilitates fast transactions as there are no wait periods or authorization requirements.
- Security: Crypto transactions aren’t tied to a user’s details; therefore, users aren’t exposed to threats like identity theft. BTC can also be encrypted and backed up to ensure a user’s asset is secure.
Best Bitcoin Exchange: BuyCryptocurrency.com
BuyCryptocurrency.com is a registration-free non-custodial service allowing users to trade over 200 crypto assets. Here are the reasons why BuyCryptocurrency.com is the best place to buy BTC:
Convenient and Fast Trading
We allow customers to exchange bitcoin and buy digital assets without filling out any KYC forms or opening an account.
Non-custodial Exchange
We are a non-custodial bitcoin exchange that requires users to have a bitcoin wallet for storing their digital assets, which is excellent for reducing security risks.
Over 200 Digital Assets and 13,000 Trading Pairs
We allow you to trade Bitcoin for digital assets like EOS, BNB, Tezos, Monero, USDT, XRP, Ethereum, Litecoin, and Bitcoin. Most trading pair markets are available on the BuyCryptocurrency.com site, which can assist you in avoiding multiple swaps.
Purchase Digital Assets With Your Bank Card
BuyCryptocurrency.com is an excellent choice for individuals looking to purchase BTC with a bank card. We are partnered with Simplex to allow users to pay directly with a Master Card or Visa.
Guaranteed Low Fees
We offer two types of fees; a fixed rate and a classic rate. The classic rate uses the best available BTC rate on the market and is subject to changes due to network charges and market conditions.
Consequently, investors can’t be sure about the exact number of coins they will get with one swap. Fixed-rate exchanges don’t fluctuate; therefore, we offer users what they pay for when initiating the exchange.
High Grade Security
BuyCryprocurrency.com is more secure than many centralized crypto exchanges as it doesn’t store user funds and doesn’t require registration. Everything users exchange is sent back to their bitcoin wallets; therefore, it’s up to them to keep their assets safe.
Around The Clock Customer Service
We offer excellent customer support, and you can reach us through the contact form or our social media accounts on Reddit, Instagram, Telegram, Facebook, and Twitter.
Frequently Asked Questions
Yes, you can purchase as much or as little Bitcoin as you want. You can even purchase fractional BTC shares. These fractional BTC shares usually increase in value every time Bitcoin’s price increases.
Yes and No, depending on why you want to purchase bitcoin. If you’re an investor that wants high returns and wants to take the risk of investing in digital assets, there are better digital assets than BTC. If you’re an investor looking to gain exposure to crypto assets, buying BTC is a good option.
The person with the most BTC globally is Satoshi Nakamoto, Bitcoin’s inventor. It is estimated that Satoshi has over one million BTC held in approximately 22,000 addresses.
Yes, if BTC becomes widely accepted, its price will rise since scarcity is hardcoded into its fabric. As its demand increases, it’ll become more scarce, increasing its price, meaning it is a good investment in the long run.
Fiat payment methods you can use to purchase Bitcoin include credit or debit cards, bank transfers, wire transfers, and cash. Credit/debit cards are usually the fastest and most convenient option for buying Bitcoin, but fees can be higher than other payment methods. Bank transfers take longer but usually have lower fees.
Wire transfers are generally available only with larger purchases and may incur additional fees. Cash is the least convenient option, but it can be used to purchase Bitcoin at certain ATMs and exchanges. Some exchanges offer alternative payment methods, such as PayPal or Skrill, but these may be limited to certain countries or regions.
No, there are no additional fees to purchase Bitcoin on BuyCryptocurrency.com. All fees are included in the price you pay for your Bitcoin. We ensure to provide the most competitive prices on the market, so you know that you’re getting a great deal every time.
The best way to buy Bitcoin with the lowest fees is by using a bank transfer. Bank transfers usually have lower fees than credit/debit card payments and are processed in a few days. However, a credit/debit card is the fastest option if you need your Bitcoin right away. You can also look for exchanges that offer alternative payment methods, such as PayPal or Skrill.
If you want to buy Bitcoin with cash, you can use a Bitcoin ATM or find an exchange that offers cash payments. It’s important to remember that cash transactions may incur additional fees.