Buying bitcoins can be a daunting task. However, with a little research and preparation, you can buy your first coins and discover bitcoin hogyan kezdjem!
The key to purchasing crypto is deciding how much you want to invest. Then, finding the right crypto exchange that suits your needs. It’s also important to consider how long you plan to hold your coins.
1. Open an account with a crypto exchange
Whether you’re buying Bitcoin for the first time or just looking to expand your crypto portfolio, you’ll need to open an account with a crypto exchange. These accounts work in a similar way to traditional brokerages or bank accounts and offer a variety of features for trading and investing.
During the sign-up process, you’ll need to supply some basic personal information, such as your name, address, and email. Many exchanges also require a photo of a government-issued ID.
Most exchanges also require a verification process that involves uploading an ID and taking a selfie. This process can take from a few minutes to several days, depending on the tier of verification. Once you’ve verified your identity, you can use your crypto exchange to buy and sell cryptocurrencies. You can also use it to convert some cryptocurrencies back into regular currency. Alternatively, you can move your coins into a self-custodial wallet to increase your security. But be sure to consider your long-term goals before you move your money elsewhere.
2. Fund your account
Once you’ve found a crypto exchange or brokerage that you want to use, the next step is to fund your account. This can be done via a bank transfer or a credit card.
Bank transfers are one of the cheapest ways to fund your crypto exchange, and they’re considered irreversible, meaning they reduce the risk of chargebacks. However, they can take up to 4-6 days to reach your wallet.
Credit cards are another option to fund your account, but they usually have higher fees than bank transfers. Plus, they’re not as easy to use.
There are also peer-to-peer options that allow you to trade bitcoin for cash. If you’re comfortable selling your cryptocurrency to a stranger, this can be a good way to get started. It’s important to remember that transferring bitcoin to someone else’s wallet is irreversible, so you should make sure you trust the person before sending any money.
3. Place your first order
If you’re ready to buy bitcoin, the next step is to place an order with a crypto exchange. You’ll want to choose an exchange with a good reputation and a safe, secure system.
Before you place your first order, make sure to research the exchanges you’re interested in. You’ll want to find out what kind of security measures they have in place, and what they require in order to verify your identity.
In most cases, you’ll be required to provide a government-issued photo ID and a scan of an additional document like your passport or driver’s license when you sign up with an exchange. These verification procedures are called Know Your Customer (KYC) checks, and they’re necessary for all exchanges in the US.
Once you’ve completed your KYC check, you’ll be able to place an order on the exchange of your choice. Most exchanges will allow you to buy bitcoin using a credit card, bank transfer, or another payment method. You can also deposit cash into your account.
4. Buy your Bitcoin
When you’re ready to buy bitcoin on Bybit https://www.bybit.com/en-US/ , there are several different options. Some exchanges allow you to make purchases with cash, while others allow you to use credit cards or bank transfers.
For most people, cash purchases are the easiest way to buy bitcoins, as they’re private and quick. However, they also come with a few disadvantages.
One of the biggest is that the transaction fee is generally 2% to 5%, making it more expensive than using a debit or credit card. This can add up if you’re investing in a large amount of crypto, so it’s best to stick with a card that doesn’t have a high fee.
You can also buy with a P2P exchange, which allows you to purchase coins without submitting your personal information. This is a good option for those who don’t want to go through a lengthy verification process. Plus, it’s a great way to find the most competitive prices for bitcoin.