How to buy Bitcoin?
Buying bitcoins is simple! Only two simple steps are needed to get your hands on some bitcoin:
- Step 1: create a bitcoin address
- Step 2: buy the bitcoins with your creditcard (or through alternative payment methods like bank wire and sepa/iban)
Step 1: Create a bitcoin address
This is the most important part as you need to create a bitcoin address in order to receive the bitcoins you are going to buy. To say it simple: a bitcoin address is like your bank account number. Once setup you can use it to receive an send bitcoins.
Step 2: Buy bitcoins with your creditcard
Once you have a bitcoin address you can start buying bitcoins. This step is very simple as well. There are many sites (view our complete list here) where you can buy bitcoins with your creditcard but the most easy way is through Circle.com, Coinbase.com and Bitstamp.net
Buying bitcoins with credtcard at Circle.com
If you own an U.S. bank issued debit/credit card Circle is great. They have nice and quick verification process. You have to verify your email, upload id and take a self camera shot either by smartphone app or via your computer’s camera. After verification you can easily link your card to your account.
Buy bitcoins with creditcard at Coinbase.com
Coinbase is one of the best bitcoin wallets at the moment and it allows users to purchase bitcoin by directly transferring money from a bank account – this is a standard option. The exchange also supports secure credit and debit cards to purchase bitcoins instantly.
At this time Visa, Mastercard and Maestro cards with 3D Secure authentication support may be added to a Coinbase account. Currently 33 countries are supported, including US, Canada, Australia, European Union countries and Singapore.
Buy bitcoins with creditcard at Bitstamp.net
Bitstamp users located in EU (28 countries supported) can buy bitcoin using their credit and debit cards. They support buying bitcoin with both Visa and Mastercard, also credit and debit cards can be used. After verifying your credit card you can instantly buy up to $1000 worth of bitcoins per day. Bitstamp is highly respected and reliable exchange and trading platform with low transaction fees. It has recently obtained a Payment Institution License in Luxembourg, making it a licensed currency exchange.