How to buy bitcoin easily for beginners?

It is a fact that the world of cryptocurrencies leaves us all with a lot of doubts. Therefore, trying to buy bitcoin as a beginner may seem like a risky experience. If you are new to the world of cryptocurrencies and want to invest in bitcoin, here is a complete and transparent guide about the process you need to follow in order not to fail in the attempt. Avoiding incidents when buying bitcoin is key to protecting your assets.

Bitcoin represents a trusted asset in the eyes of the public. However, you should know that it is a decentralized currency, which means that it does not require an entity or bank to be its administrator. In fact, it is possible to make transfers of this currency without the need of an intermediary. As it is a digital currency, it can be managed from free and open source software.

How do bitcoin transactions work?

If you own bitcoin assets, you will be able to make payments and acquire goods thanks to the currency. The only difference between bitcoin and other currencies is that it is not handled physically. In addition, bitcoin is not insured by a government or bank, this can be both good and bad. In the positive sense, your transactions will grant you a certain degree of anonymity and in the negative sense, if the currency loses its value or your assets in it are lost, the government is not obliged to provide help or solutions in your case.

Bitcoin money is sent through the blockchain. This translates as a shared database so that users who wish to exchange bitcoins can track their transactions. These transactions are very secure, there are no refunds and whoever sends the money will remain anonymous. When sending bitcoins, you only need to confirm the relevant wallet or QR codes to prevent your money from going astray.

Why is Bitcoin so famous? 

But what gives bitcoin its value? Nothing more and nothing less than the simple fact that it is an asset. According to Erick Maskin, an economist with years of experience, everyone decides that bitcoin is worth a lot and therefore its value increases, if someday everyone loses faith in this currency, its value will decline. For this reason, the currency has experienced ups and downs during the last few years, it becomes volatile in the face of new economic policies and opinions of big investors.

Risks of investing in bitcoin 

Given the high security risk involved in acquiring bitcoin, we recommend you to invest money that you would have no problem losing, since cryptocurrency investments are similar to gambling. It is recommended that when you create a wallet you activate its maximum security, keep your key in a safe place. In the case of exchanges, Google two-step verification is used. This will prevent possible attacks on your accounts or scams.

Best exchanges to buy bitcoin for beginners 

Now, the safest exchanges to buy bitcoin as a beginner are Coinbase, Coinbase Pro with the help of CashApp and Binance. They are all popular and currently the most widely used for buying and selling cryptocurrencies, such as bitcoin. There are a lot of other exchanges or wallets suitable for storing bitcoin, you can choose the one that suits your needs and requirements.

Buying cryptocurrencies from each of these platforms requires a similar procedure, only that some options vary their names. From whichever one you choose, you will have to create an account and verify it with your data. Don’t forget to set a strong password and opt for two-step verification.  If you were wondering how to buy bitcoin from France, from these platforms you will be able to do it anywhere in the world.

Coinbase

In case you want to buy bitcoin from Coinbase, what you should do is:

2. Add a payment method. It can be from a bank account (including cards) to a PayPal account.
3. Go to the ‘Buy/Sell’ option.
4. Select the asset of your choice, in your case it will be bitcoin.
5. Click on ‘Buy now’.

CashApp

In the case of using CashApp, once you have created your account, and it is already verified, you will have to follow this list of steps:

1. Go to the ‘Invest’ tab and click on it.
2. Select the ‘Bitcoin’ currency.
3. Type in the amount you wish to purchase. This can vary from 1$ to the amount you want.
4. Confirm the security PIN you have previously set and click ‘Confirm’.

Binance

If you are comfortable with Binance, which is an excellent option and its platform is quite intuitive, you need to do the following:

1. Display the ‘Buy Crypto’ option and click on it.
2. Choose the asset you wish to purchase, in your case, bitcoin.
3. Enter the amount you want to purchase.
4. Click on buy.

Binance allows you to make transactions with the P2P option, with this you can acquire the easiest crypto to exchange which is the USDT or dollar Teter and then transform this currency to bitcoin. We recommend you to explore in depth the options provided by each of the platforms mentioned above.

Electronic wallets 

As a last option, you can also choose an electronic wallet, which will provide you with even more security to store your bitcoins. Among the most popular wallets for their high security, we can mention Exodus, Bitcoin Wallet, Electrum, Blockchain Wallet and Mycelium.

The purpose of using a wallet is that it stores your security key, which is similar to a bank security PIN. It is not totally necessary that you acquire a wallet, although generally, people with large amounts of cryptocurrencies do so.

The value of bitcoin in this year 2022 is approximately 30 thousand dollars, and it is estimated that it will double its price in the following years. Opening up to new horizons and opportunities requires some training, we hope we have helped you get started in the world of bitcoin with this post.