How to Buy Bitcoin (BTC)
Make your investments work for you: Buy and sell Bitcoin and 40+ cryptocurrencies instantly.
How to buy BTC
Just 3 easy steps to start investing in Bitcoin
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase BTC with PayPal, Google Pay, etc.
Choose BTC, select how much you want to buy, and make your first investment.
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Learn more about Bitcoin
What is Bitcoin ?
Bitcoin is a digital currency or a form of digital asset, which is of high market value. It is ranked 1st in the crypto market. Bitcoin is a decentralized digital currency that no one controls and anyone can use it in order to transfer monetary units of the network. Bitcoin has made it possible to send money to any part of the world easily and regardless of geographical borders and banking networks.
A very important function of Bitcoin is to maintain value. Because as we know, governments and central banks have the power to print money indefinitely and thereby reduce the value of their national currencies. In the Bitcoin network, although everyone can participate in the creation of new currency units, the total number of coins that can be created can be a maximum of 21 million units. The limited number of Bitcoin coins and the impossibility of creating more Bitcoins than what miners are allowed to mine are from the rules of the Bitcoin network which protect its value. This is one of the reasons that distinguishes Bitcoin as a long-term investment.
What is BTC ?
BTC is the abbreviation and the symbol of Bitcoin, and ₿ is the currency sign that represents Bitcoin. BTC is usually used as an alternative to Bitcoin by different exchanges, websites, and even handbooks. It is universally understood and applied around the world.
Is Bitcoin reliable
The purpose of Bitcoin is to transfer or store money safely. For this reason, it can be considered as a safe digital banking and payment system. Bitcoin has actually taken the real control of money into the hands of the people themselves, and with a special password called a private key, only the owners of these keys will be able to spend and transfer Bitcoins. Thanks to the digital signature and the concept of input and output in transactions, we can safely say that no one can conduct an invalid transaction or transfer more than their balance.
Quantum computers are cited as one of the biggest threats to digital currencies and blockchain, but how much the threat of such technologies could be for Bitcoin is the real question here. You should keep in mind that many sensitive and top-secret information use encryption for their security. For this reason, Bitcoin is probably the last option that quantum computers will go after. Bitcoin's encryption is currently possessing the security level that the present-day capability of quantum computers is still so far from breaking it. Therefore, in terms of security, it is usually said that the risk of being hacked or infiltrated is extremely low for Bitcoin, so it can be concluded that it is relatively safe.
Learn more on Bitcoin official website.
After you've bought BTC
Bitcoin is a kind of electronic money by which you can send money to any part of the world or sometimes use it to buy goods and services. Bitcoin's two main features of decentralization and freedom from printing more currency units are significant achievements over today's money. These Bitcoin features are paving the way for a new form of economic system in the future. You can consider Bitcoin as a payment token, use it to make currency transfers, and even order from online stores. But looking at the use of Bitcoin in today's world, it can be seen that most people buy Bitcoin as an investment. For this reason, another point of view has emerged according to which Bitcoin can be used as an asset in addition to being able to play the role of money; An asset that can maintain its value over time.
Your entry to the world of crypto
Other Methods of buying Bitcoin
Where can I buy Bitcoin
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Bitcoin or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy Bitcoin directly from another person over the web.
Crypto Exchanges are the safest places for buying Bitcoin. You can use Blocktrade as a cheap, secure, and global exchange to buy BTC. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase BTC with a few clicks.
How to sell Bitcoin
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit BTC to your Blocktrade account
To sell Bitcoin on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Bitcoin address.
Start selling Bitcoin!
Once you deposited your Bitcoin in your Blocktrade deposit address, you’ll be able to sell your BTC.
Frequently asked questions
Yes, you can buy less than one bitcoin. In particular, this holds true for expensive cryptocurrencies like Bitcoin which cost tens of thousands of dollars.
You can purchase a small amount of Bitcoin, unlike stocks. The least amount of Bitcoin that you can likely purchase is equivalent to 1 Satoshi, or 0.00000001 Bitcoins, depending on its price of the day.
The cost of buying Bitcoin can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of BTC, you can either log in to our website and see the real-time price or check our Bitcoin Calculator to see the price of Bitcoin in your desired currency.
Due to theft, computer malfunction, loss of access keys, and other reasons, users may lose Bitcoin and other cryptocurrency tokens. Although hot wallets are still practical for some users, cold storage (also known as offline wallets) is one of the safest ways to store Bitcoin because it cannot be accessed online. Consider using a hardware wallet for all of your long-term Bitcoin and cryptocurrency storage if you’re looking for the safest storage option. For short-term investments, you can also keep your Bitcoins on our exchange wallet in order to trade more easily.If you want to hold Bitcoin long-term, although you can still keep your cryptocurrency in this wallet, it is better to not keep it in the exchange wallet nor the software one. The safest option would be a hardware wallet.
There are several options to buy BTC such as cryptocurrency exchanges, Peer-to-peer marketplaces, Bitcoin brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Bitcoin for beginners. You can easily buy Bitcoin without any buying fees from our exchange.
Bitcoin is obtained by miners in the network during a process called mining. Miners receive bitcoins in exchange for electricity used to keep the network secure and verify transactions.
There is no right time to buy Bitcoin, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Bitcoin or any other cryptocurrency.