If you’re looking to purchase Bitcoin for the first time, then it can be a little daunting for those who are new to the Cryptocurrency market. This website will give you a good insight on what you need to do in order to purchase your own Bitcoins and other Cryptocurrencies on the marketplace.
The fastest and most secure way to buy Bitcoins instantly with a credit card or debit card is via these sites below:
Coinmama is a reliable and popular way to purchase cryptocurrencies in the UK, US and Europe. The Coinmama exchange platform is very user friendly and easy to navigate making it one of the leading exchanges on the market.
CEX allows users to purchase Bitcoin very quickly using a debit card or credit card. The CEX platform is one of the first cryptocurrency exchanges to hit the internet and trusted by lots of crypto buyers worldwide.
Coinbase is another great Bitcoin buying service available for customers in the UK, Europe & USA. There is a downside to purchasing Bitcoins very quickly with a credit card, and that is you’ll usually pay higher fees for the service due to higher transaction and processing costs. For more reliable Bitcoin buying services, see our sidebar to the right.
Now that you’ve bought some Bitcoin you need to store them in a secure Bitcoin wallet. We recommend you learn how to transfer your Bitcoins from the exchange where you purchased them from to a cold storage wallet that you control.
You have two options when it comes to owning some Bitcoins.
If you bought some Bitcoin as an investment and wish to trade it for other FIAT currencies and cryptocurrencies then here are a few places where you can trade. LocalBitcoins is one such place that is very popular among buyers and sellers worldwide.
There are a few factors that you should take into account when choosing an exchange platform to buy and sell cryptocurrencies.
Bitcoin Exchange Rate – When reviewing an exchange service you want to check how close the bitcoin exchange rate is to the global average price. You can do this by comparing your exchange coin price with a Bitcoin price index such as ours here at fastbuybitcoin.com.
Fees – Exchanges come with charges and fees for their services. Generally you can expect to pay around 1% per transaction to exchanges that sell Bitcoins directly to buyers. Exchanges that use orderbook systems for trading and deal with higher volumes often have much lower fees of 0.20-0.50% per trade. Always check the fees on the exchange’s website before buying and selling cryptocurrencies.
Funding Methods – Most of the exchanges you’ll find online require Bank Wire Transfers. It’s much more convenient to pay with a debit card and while a few exchanges allow for this you can still expect to pay between 3-9% in transaction costs. Your Bank Will likely charge you a fee for wire transfers especially to banks abroad. The exchange you use also may well charge a processing fee on their end to so be sure to find the deposit and withdrawal terms on the exchange’s website.
Processing Speed – Purchasing Bitcoins quickly is not always so easy, especially if you’re are looking to buy larger amounts. When signing up to an exchange the verification process might take somewhere between one and two weeks. If you need coins instantly or before that time then you’re best to look elsewhere. Receiving your coins in your wallet can also take some time so it’s best to check these things out before committing yourself to a particular exchange.
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