How to buy bitcoin
Want to learn how to buy bitcoin? Bitcoin was officially introduced in 2009, Bitcoin is an electronic virtual currency is exchanged through its own payment network called blockchain.
Bitcoin is a decentralized, peer to peer currency which uses cryptography to make currency generation( thru mining ) and transactions.
To avoid fraud when transacting Bitcoin, computer processors ‘miners’ receive transaction fees and free Bitcoins in exchange for proving the validity of transactions.
Bitcoin was started by Satoshi Nakamoto and has since been the biggest currency in the world.
Buying and Selling Bitcoins
To buy Bitcoins, first have a capital to invest or buy it. Then register with a company that is reliable in bitcoin exchange with low fees.
I buy most of my bitcoins at localbitcoins so i will show you how i do it…..
Step 1. How to buy bitcoin
Register an account with LocalBitcoins. You get a free and secure online bitcoin wallet. No additional apps are needed. If you already have an account, skip to the next step.
Here is a screenshot of the registration form.
Go to the main page and in the search box fill in the form with the amount you want to buy in your currency, your location and choose a payment method.
If you are not sure how you want to pay, choose “All online offers” as your payment method.
The site will list bitcoin traders available in your region.
Step 2. How to buy bitcoin
From the list of advertisements, choose one from a trader with a good reputation score and a high amount of trades.
The response time indicator shows if a trader replies within five minutes (green), within 30 minutes (yellow) or slower than 30 minutes (grey).
You can click the ‘Buy’ button to view more information about an advertisement.
To register a new account with local bitcoins click here
For full details step by step…. watch video here