"Bitcoin is a record-high hit!"
"Bitcoin has fallen above 7%" and other things.
We think there are a lot of people who are
worried about the level of price movement but are attracted to the amount of
profit they can aim for.
Bitcoin, which has grown tenfold in a short
period of time, is certainly interesting. However, if you do not understand
"how to buy bitcoin" then you can not trade or profit.
Therefore, in this article, we will present how
to buy and get started with Bitcoin in an easy-to-understand way for
Let's use this article as a textbook to learn how
to buy Bitcoin!
How to buy
Bitcoin will be bought and sold mainly through
"exchangers". An exchange stock is like a securities company.
Exchangers are famous for "Binance" and "Coinbase". Our
idea is that many have heard the name.
Now, let's get together with the exchange company
to understand "how to buy bitcoin"!
How to buy
Bitcoin at a cryptocurrency exchange company?
Bitcoin can be easily bought in the following 5
steps. It's easy to think that investing is a tedious process, but Bitcoin is
so simple that you can buy it fast on the same day!
Choose an exchange to buy Bitcoin
Apply to an exchange company
Account opening completed
Make a deposit with the exchange
choose an exchange to buy Bitcoin?
If you want to buy Bitcoin, you need to trade
with an exchange company that has excellent specifications and is easy to use
even for beginners.
Thus, in this chapter, we will present the way to
choose a suitable exchange company for bitcoin transactions. Even if you are a
first-time trader, you can find a good exchange by checking the following 5
But, we prepared the check items and thought it
was not friendly in the end, so we also prepared a "special comparison
table of exchange companies".
when choosing an exchange company "5 selections"
Lower transaction fees for virtual
There are exchange methods
Easy to use smartphone app even
Many virtual currencies are
Strong system infrastructures such
as servers and security
between exchange and sales office
There are a few things to keep in mind when
buying Bitcoin. That is, there are two trading methods for virtual currency
exchange companies, the "exchange method" and the "sales office
You can't tell the difference just by listening.
Transactions between users of the exchange
company. There is a board and it is the same procedure as stock trading.
A transaction is completed when "traders who
want to buy" and "traders who want to sell" are available at a
fixed price for bitcoin (virtual currency). For example, if "people want
to buy for 5 million dollars" and "people want to sell for 5 million
dollars" then the transaction will be completed.
A feature of the exchange method is that it is
higher than the sales office method in terms of "commission (cost)".
Buy or sell virtual currencies with the exchange
at the asking price.
There is a price difference called spread and it
is the same method as FX. In the sales office system, since the exchange
company acts as an intermediary between the virtual currency market and the
customer, the selling price and purchase price are usually set at a
disadvantage of about 1 to 5%.
So, even if the price of Bitcoin (virtual
currency) increases by the same amount, the sales office will get "less
profit" than the exchange.
Therefore, if you are new to Bitcoin, we strongly
recommend that you buy using the exchange method. ..
Apply to a
virtual currency exchange
Once you have decided to exchange to buy Bitcoin,
apply to open an account.
To apply, fill out an exchange company's
application form and submit the required documents such as a driving license
have to do is open an account
Personal information such as
Documents that can be used to
verify your identity, such as a driving license
Bank account (when depositing
of opening an account on a virtual currency exchange
Applications can be made not only from a computer
but also from a smartphone or tab red. Also, all you have to do is take a
picture of your driver's license and other documents with your smartphone
camera and upload them to the application form so that you can complete all the
When you apply to open an account on the Virtual
Currency Exchange, if there is no error in the content submitted, documents
such as postcards for verification of identity will be sent within 3 days to 1
Upon receipt, the exchange will confirm receipt
or enter the serial code provided in the document to activate the account and
virtual currency exchange
Once you have your account, deposit your local
currency like the dollar, or pound to buy Bitcoin.
There are three ways to deposit funds into an
exchange company account.
Deposit from a bank ATM
Use of Online Banking (Quick
Deposit / Pay-Easy)
Submit to a convenience store
Of these, it is recommended to use online
banking. Since it is done online, there is no need to go out and there is no
charge for depositing at ATMs or convenience stores.
If you do not have a specific reason, you can
save coins by depositing using online banking!
With all the preparations up to this point, you
can finally buy Bitcoin.
Let's talk about Binance, whose purchase screen
is easy to understand as an example.
There are four ways to buy Binance coins.
Sales office transactions
If you are buying Bitcoin for the first time, it
is better to make a physical transaction. Because "leverage trading",
which allows you to trade more than your own funds, is risky.
can you buy Bitcoin?
Here, let's answer the question "How much
bitcoin (BTC) can you buy?", Which is often asked by those who started
Bitcoin's lowest trading unit is 0.00000001 BTC
(8 decimal places). This is called 1 Satoshi.
However, the minimum trading unit varies
depending on the exchange. In the Coinbase physical transaction mentioned
above, you can order from 0.0001 BTC.
It is $ 50 while Bitcoin is, 500.00. You can buy
from 0.01 BTC on almost all exchanges, so don't worry if you have about 1/100
of the funds to buy 1 bitcoin.
For example, if 1 bitcoin is $1 million, you can
buy it by converting it into your local currency. There are many exchanges
where you can buy from 100 or less and you can invest a small amount from a
stock investment or FX.
for your investment so you don't miss a chance!
2017 is said to be the first year of
cryptocurrencies, and a full-scale cryptocurrency boom began in April of the
Bitcoin doubles from 770 dollars to 50 thousand
Ethereum is 180 times from 700 dollars to 1800
Ripple has increased 400 times from 1 dollar to 5
Bitcoin fell to 35k dollars in 2018, but after
that, purchases by institutional investors and super-famous companies listed on
NASDAQ hit a record high in December 2020, and 7 million in the following four
Time is of the essence for investing not only in
virtual currencies but also in stock investing and FX. And in order not to miss
the time, it is important to gather information every day and be ready to
invest. In other words, it is a preparation in advance.
"Now is not the time to buy Bitcoin, so
let's do it again" Why not open an account or check the news in advance
and prepare to invest?
When the right investment opportunity comes, you
may be able to invest and make an immediate profit.
Opening a cryptocurrency account usually takes a
few days, so it's a good idea to prepare in advance.