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How to buy Bitcoin – Start a business by Buying and Selling Bitcoin

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How to buy Bitcoin – Start a business by Buying and Selling Bitcoin

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.

how to buy bitcoin

learn how to buy bitcoin

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.

 

how to buy bitcoin

learn how to buy and sell bitcoin

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.

how buy bitcoin

Learn how to buy and sell bitcoin

After you press the ‘Buy’ button you’ll see more information about the advertisement, including the terms of the trade.

Read through them before submitting the trade request, if you don’t agree with them you can go back to the previous page and choose another advertisement. 


To start the trade, type in the blue box how much you want to buy, enter a message for the seller and click the Send trade request button to the start the trade.

 Be sure you’re ready to pay when clicking the button, if you don’t pay before the payment window is over, the trade will be automatically cancelled.

To register a new account  with local bitcoins click here

For full details step by step…. watch video here

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