The first thing to do when planning to buy bitcoin is to register with one of the online sites in order to be able to buy bitcoin from them. In most bitcoin exchanges a buyer clicks on the “Register” button on their home page.
Next, you have to enter some personal information, such as your first name, last name, email address, and create a password. Once you have filled them out and have chosen the option “I am not a robot”, click on Create an account to complete the registration.
You will then receive an email confirmation alert which you will use to confirm your account. Still, in the registration process, you will be asked to register your phone number as an additional security measure, and you will need to enter a code that will be sent to you by SMS. Your account will be created once you’ve done that.
After creating a buy bitcoin account, you still have two steps to go through. First click on verify your identity (1) to upload a photo of your identification document by following the steps, then click on “Add a means of payment (2)” to complete your registration by inserting details about your debit card.
Buy and sell bitcoin
Once you have completed the registration process (it may take several attempts to enter your identity), you can start buying and selling your cryptocurrencies. To do this, click on the Buy/Sell option. In doing so, you will move on to the process of buying cryptocurrencies.
The next step will help you buy the number of bitcoins you want. These are the two steps to follow. First choose the crypto card you want to buy (1), then select in the USD/EUR/GBP box (2) the number of dollars/euros/pounds you want to buy. On the right, you will find a breakdown of what you get and the price of the commissions. Once you are done, click on ” Buy bitcoin “.
You will be taken to a final screen where you will need to click Confirm Purchase to confirm the transaction, and after that, you may need to enter the password that was sent to you via SMS to verify it. Once you have done this, the transaction will be complete. If you have attached your credit or debit card, the transaction will be completed instantly, and if you entered your account number, it will take a few days.
Where can I use bitcoin?
For some time now, there has been a detailed directory of sites where you can use Bitcoin to pay for goods and services. Services as varied as domains or VPNs already allow you to use this cryptocurrency.
There are also initiatives taken by users to promote physical stores that allow Bitcoin as a means of payment.
Where to buy DeFi coins
Decentralized Finance is a rapidly emerging industry of cryptocurrencies, where DeFi platforms provide information on how to buy DeFi coins, and allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts.