101 Best Ways to Buy Bitcoins Online in 2017

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price activity, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Examine your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price activity, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price activity, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Examine your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Examine your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Examine your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and plane price activity, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to accomplish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price activity, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the forearms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Recall to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and plane price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and swift market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Boundaries, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use instruments like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash swift.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be enormously confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high boundaries for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Three. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much swifter!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and quick way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 lumps. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the palms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price activity, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a good price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no individual information is required
  • If you have an ATM in your area it can be a convenient and quick way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are truly high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use implements like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and prompt market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the boundaries on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are puny, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will instruct you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief reaction is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying boundaries. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods produce your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Trio

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is accomplish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a fine price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no private information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and rapid way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I indeed recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and rapid way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use contraptions like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the arms of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and quick market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now wielded by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Three+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Probe your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely utterly risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise lean volume and vapid price act, are likely to crash quick.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty elementary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long reaction, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your individual information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the ideal exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Boundaries: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest thresholds for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s indeed no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; very likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a superb price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and swift way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and prompt way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to response any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to accomplish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s uncommon to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantaneously open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not truly accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is finish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese truly like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Explore your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and vapid price act, are likely to crash prompt.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty ordinary:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

101 Best Ways to Buy Bitcoins Online in two thousand seventeen

Where and How to Buy Bitcoins

This guide will train you how to buy bitcoins.

It’s effortless to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be utterly confusing and frustrating. Fortunately for you, this site has ample information to help make buying bitcoins lighter for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The brief response is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar or Euro, for bitcoins

For the long response, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams

Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your private information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter Two

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the flawless exchange for your needs, consider these seven factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

  • Bank transfer
  • Credit card
  • Debit card
  • PayPal
  • Any other method that requires personally or identifying information

Two. Thresholds: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins–say twenty five or more–then big brokers or major exchanges are the way to go.

Coinbase has high thresholds for buying with a bank account.

CoinMama has the highest boundaries for buying with a credit card.

Most cash exchanges have no buying thresholds. Thresholds, however, will vary inbetween individual sellers and are usually lower than online exchanges.

Trio. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods supply your coins at different speeds.

Your very first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much quicker!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re fortunate enough to have one in your area. Here’s a map to help you out.

Some brokers suggest instant buys with bank transfer, credit card, or debit card.

Four. Exchange Rate

There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.

Five. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Reminisce to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most significant factor.

We’re sure you already have a payment method in mind that you’d choose to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

We’ll wait for you here πŸ˜‰

Know your Payment Method?

Chapter Three

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

  • Purchase bitcoins online with a credit card, debit card, or bank transfer.
  • Acquire bitcoins from a Bitcoin ATM near you.
  • Buy bitcoins with cash locally or via cash deposit.
  • Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the four most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s truly no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

  • Credit cards are a payment method most people are familiar with; most likely the easiest way to buy bitcoins online
  • Delivery of bitcoins is instant once initial verification is finish

Why NOT buy bitcoin with a credit/debit card?

  • High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
  • Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

  • Good way to buy large amounts of bitcoins
  • Using a bank transfer will usually result in the lowest fees, so you can get a excellent price on your purchase

Why not to buy bitcoins with bank account/transfer?

  • Usually requires ID verification, so not a good choice for privacy
  • Slow; in the USA, bank transfers can take up to five days to finish

Some of the best ways to buy bitcoins with your bank account:

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a duo hours.

What are cash exchanges good for?

  • Can be more private since in some cases no individual information is required
  • Can be almost instant; no need to wait five days for a bank transfer to process

What are cash exchanges bad for?

  • Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
  • Lighter to get scammed or robbed; need to be on alert and go after the exchange’s rules

Some of the best places to buy bitcoin instantly with cash:

Note: There is no effortless way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use Coin ATM Radar to find a Bitcoin ATM near you.

What are Bitcoin ATMs good for?

  • Can be more private since in most cases no private information is required
  • If you have an ATM in your area it can be a convenient and prompt way to buy coins

What are Bitcoin ATMs bad for?

  • Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not permitted to sell bitcoins for PayPal.

I truly recommend not buying bitcoins with PayPal. The fees are indeed high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

  • If you already have a balance, it can be an effortless and swift way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

  • Fees are over 12%; much better to just buy with a credit card or bank account

Chapter Four

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it lighter!

If you still need help, I hope this FAQ will help to reaction any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price switches every 2nd.

Use devices like Bitcoin Wisdom or Cryptowatch to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about ten minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to finish.

Bitcoin transactions can be confirmed as quickly as ten minutes; it’s infrequent to practice a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?

Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inwards.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you instantly open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 chunks. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $Five worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without attempting to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not indeed accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the mitts of a bank or trust.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades twenty four hours a day and never stops. Most stock markets only open on weekdays from nine AM to five PM. So many traders buy and sell bitcoins because it is a joy and rapid market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may switch in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is accomplish, the codes are now possessed by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese indeed like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in almost every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.

Can I use Numerous Exchanges?

If the thresholds on one exchange are to low you can simply open an account with another exchange to give yourself the capability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a build up. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

Chapter Five

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for Trio+ years. I’ve never fallen victim to a single scam. Go after the tips explained here and you’ll greatly reduce your chances of losing money.

There are many scams related to Bitcoin. Scammers target fresh Bitcoiners and less tech-savvy users. Go after these basic rules in order to avoid Bitcoin scams:

Research

Investigate your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the practices of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will attempt an treatment like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send very first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely enormously risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a unexpected and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise skinny volume and plane price activity, are likely to crash rapid.

Chapter 6

Secure your Coins

Don’t store coins on exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend hardware wallets. Hardware wallets are petite, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty plain:

  • Hardware wallets are the easiest way to securely store bitcoins and effortless to backup
  • Less margin for error; setup is effortless even for less technical users

Check out the hardware wallet comparison chart below:

Related video:

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