So you want to buy some bitcoins cryptocurrency but you just don't know how to do it? So you’ve done your research on Bitcoin, you know what it is, how it works and now you want to get started. Today I’ll give you a step by step guide on how to buy bitcoin!
Buying bitcoin is easy. There are some simple steps you need to follow to get started with how to buy bitcoin.
Step one, buying bitcoin is having your own account. When you create an account, you get a digital wallet instantly. Once you’ve logged in, click the ‘buy bitcoin’ button on top of the site. Enter the amount you are willing to pay in your local currency and select your payment method. From gift cards to bank transfers, surely you'll find an option that best fits you.
When all that is done, click search and the offers page will open. Here you can see the list of vendors and their details like username, country, amount of positive feedback, and payment method.
Find an offer you like and click buy. This will lead you to an individual offer page. Once you read through the seller’s offer terms, enter the amount of bitcoin you wish to buy and click BUY. This will open trade with the instructions and the chatbox.
When a trade starts, the seller’s bitcoins are transferred automatically to Paxful’s secure escrow and at this point, the seller can't cancel the trade. Only a buyer can cancel a trade at any moment and bitcoins will be transferred from escrow back to the seller’s wallet.
Follow all the instructions for a successful trade. Send the required files, documents, and make a payment. Once all these are done, click the “I HAVE PAID” button. If the buyer hasn’t made a payment and is not marked as the payment completed within the payment window time frame, the trade will be canceled and bitcoins are moved back to the seller’s wallet.
When both the buyer and the seller have verified that the transaction has been confirmed and all the terms have been met, the money will be released in your wallet.
Now, you have acquired your first bitcoin!
So that's how you get involved with starting to purchase Bitcoin and other cryptocurrencies. That may be the easiest way to go. It's the most popular one with plenty of volumes, plenty of liquidity meaning, plenty of buyers and sellers. You don't have to worry about running out anytime soon of buyers and sellers when it comes to Bitcoin
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