How To Legally Buy Bitcoin - A 2020 Guide

Bitcoin! Hope Bitcoin is no longer the new term in 2020! and actually in the year 2018, What is Bitcoin? Is the highest search query on google. Now People changed! They really want to buy bitcoin, They have transformed from the state of understanding Cryptocurrencies to acquiring it.

There are more than 100 Cryptocurrencies in Existence but Bitcoin is the King among them. The price of 1 BTC in the year 2012 is 13$ and now its price is $11,045.

Just look at the magical growth, Marvelous, is n’t it?

In the month of March 2020, the Indian government removed the ban for Cryptocurrencies within the short span of time there was a significant rise of Indians in the Cryptocurrency Exchanges. popular Exchanges like Paxful, Wazirx have attained record-breaking trade volume in their Exchanges. Recently the USA laid The Cryptocurrency Act 2020 to facilitate Cryptocurrencies in the country.

We can spot the global growth in the Crypto Industry. Many countries such as Newzealand, Australia, Canada, etc are also attained trademark growth. The everlasting growth of bitcoin, makes people go crazy about it. Many out there are still searching for better options to buy bitcoins in 2020. Especially during this Covid 19 pandemic, many people have turned towards investing in cryptocurrencies and making money from home in various ways. Here we are going to explore the best possible ways you can legally buy bitcoins in 2020.

Well, Do you want to buy bitcoin? then, 

The very fundamental thing you need is a "Bitcoin Wallet"

The Bitcoin wallet is the one and only place to store bitcoins. It is broadly classified as  Online Wallet and offline wallet. Some Cryptocurrency Exchanges provide an inbuilt wallet to perform trading but it is advisable to create a bitcoin wallet in private to get bitcoins from various methods.

Here we go!

Cryptocurrency Exchange Platform

The very first choice to buy bitcoins is "Cryptocurrency Exchange Platform."

Cryptocurrency Exchange Platform is the place where one can buy or sell Cryptocurrencies. There are nearly 400 licensed Crypto Exchanges in the world, let’s have a look at popular exchanges

Binance

Binance is the Popular Cryptocurrency Exchange with nearly 100+ Cryptocurrencies, This Exchange has a branch in many countries and focusing geographically, They have started Binance US, Binance Jersey, Binance Australia, to gain traders in the specified location. One can buy Bitcoins with their native currencies in the specific branch.

Coinbase

Coinbase supports fiat to crypto trading as well as the crypto to crypto trading. This exchange holds 23 Cryptocurrencies and only six fiat currencies such as USD, EUR, GBP, AUD, CAD, SGD. Coinbase stores 98% of its funds in offline wallets for security features.

Zebpay

Zebpay offers its service in mobile apps and web applications that support Cryptos such as Bitcoin, Ether, Litecoin, Ripple, Bitcoin Cash, EOS. For security purposes, they have incorporated a  Blockchain-based payment gateway payment system for instant transactions.

P2P Cryptocurrency Exchanges

In Peer to Peer Cryptocurrency Exchanges, the transactions occur end to end, there is no involvement of any third parties. The seller sells the cryptos directly to the buyer's wallet and the buyer sends the money to the seller. There is no deposit fee, trading fee, withdrawal fee here. Popular P2P Crypto Exchanges are

Localbitcoins

Localbitcoins is the popular P2P Bitcoin exchange, It offers Ad posting feature, an online forum to write regarding the trading experience, and also a private chat option to communicate with traders. This Exchange also supports offline trading, traders can meet in person and make offline trading.

Paxful

Paxful is also the famous bitcoin Exchange, the one on one competitor for Localbitcoins. Paxful only supports bitcoin. The unique feature of this exchange is it supports nearly 300+ payment methods for user convenience and recently adopted gold as the kind of payment method.

Remitano

Remitano is the peer to peer Crypto exchange that offers services in the Mobile app as well as on Web. One can buy Bitcoin, Ether, Tether, Bitcoin Cash in this exchange. Remitano offers services only in 12 countries and plans to expand it furthermore.

Refer a lot more at Top 10 Cryptocurrency Exchanges To Buy Bitcoin In India

Earn online!

If you don’t want to sign in Crypto Exchanges, I have some other options for you in
Online, there are lots and lots of websites that reward you with Cryptocurrencies for the tasks you have done. 

Crypto powered Blogging sites are recently getting popular, if you are good at writing, find a niche, and post blogs with eye-catching images and videos. Some of the sites are

Read.cash

Read.cash is the newly launched Crypto powered blogging site where one can earn Bitcoin Cash. Once the user signed up on the website, the Bitcoin Cash Wallet is created in the browser and the private key for that wallet is stored. Once the user starts contributing, this site will reward them with Cryptos

Publish 0X

Publish 0X is the blogging site where writers as well as readers can get a reward for it. They support 10 different cryptocurrencies such as BTC, BNB, LTC, etc,

Brave

Brave is a reward giving platform this website gives complete freedom to the users by choosing their desired crypto or digital tokens. One can earn a reward for seeing ads.

Some sites allow you to do simple microtasks such as dropping the like, post a selfie, Reviewing app, etc and reward you accordingly

Some popular sites are
Bituro
Coinbucks

Bitcoin ATM

All over the globe, there are 8,400 bitcoin ATMs and nearly 2.5 k Bitcoin ATMs are located in the USA. The Transaction fee of an ATM is very high. If the online transaction fee is 7% then the ATM transaction fee is 16%. This Bitcoin ATM is not successful to get bitcoins as the price of the bitcoin is fluctuating on a daily basis. 

Final Thoughts... 

As the World is spinning towards digitalization, Everything runs digitally, now Bitcoins are Transformed as the Global currencies! It’s never too late to acquire it! At the same time, don’t forget to cross-check the details before investing in it. It is highly advisable to buy bitcoins only in the Authorized sites. 

This industry keeps on updating itself and we are always ready to guide you and feed you more information!

Stay tuned with us!

Article content originally published at : How To Legally Buy Or Invest In Bitcoin - A 2020 Guide