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Where to Buy Bitcoins Safely

where to buy bitcoins safely

Although Bitcoin was created in 2009 with the aim of creating a digital currency that did not depend on any bank, people are talking about it more today. It is not just the younger generation that is curious and wanting to know where to buy bitcoins safely.

One reason people are inquiring is due to how the value of bitcoin has skyrocketed through the roof over the last few months.

It has gone from being an anonymous pure digital exchange currency to becoming a benchmark investment value. Some call it a fad while other experts say it is the wave of the future. There is no denying though the tens of thousands of dollars that has been made with this investment vehicle.

Next, we will show you where to buy bitcoins safely and securely online.

Let’s find out where to buy Bitcoins safely.

There are several places where you can buy Bitcoins. There are platforms that have a large user base and where you can pay with your credit card or through bank transfers.

where to buy bitcoins safely

The process is relatively simple. These platforms are easy to use. Probably the most tedious part of the process is the identification process, which entails uploading your drivers license or passport in order to prove your identity.

Here are some of the main ones.

  • Coinbase: It one of the most popular sites that you can find, fast, and easy to use. You can buy Bitcoins as well as other popular currencies by bank transfer or with your credit card. It’s so popular that it’s the one people think about as a first option.

  • Kraken: Another of the most extensive portals regarding the purchase of cryptocurrencies. Once you are verified you can make free transfers throughout Europe, and when buying Bitcoins, you are asked for a commission between 0.16 and 0.26%.

  • LocalBitcoins: A platform somewhat different from the others, since it focuses on the purchase of person to person (P2P). That means that they do not charge you any commission whatsoever.

  • Bitstamp is another of the main pages in which to buy Bitcoins and other cryptocurrencies, exchanging dollars and euros for them. Your commissions depend on the volume of your purchase, and they promise total transparency.

In the same way that you need to buy Bitcoins safely, it is also essential to know how to use them safely. There are many companies now that take bitcoin.

When performing any type of transaction with bitcoin I suggest you utilize a reputable VPN service so that your transactions have no chance of being hacked. My favorite is Express VPN. Be sure to take advantage of their 30 day free trial.

If you are interested in finding out which stores in your area accept bitcoin, try using Coinmap. They will show you a map of your location and the leading businesses in your area that accept bitcoin.

Conclusion

Now that you have some options on where to buy bitcoins, are you going to take advantage of the cryptocurrency space. Many experts believe it is here to stay.

Remember when the first cell phone came out or even when email was introduced? Look how far we have come since those days. Both of those awesome inventions are so widely used these days, we hardly blink an eye when using them.

Do you want to create wealth passively. Many experts believe crypto is the new real estate as it relates to the best place to invest in your future. Look at this article on Buy Bitcoin, Not Real Estate.

What are your thoughts about bitcoins? Please share below.

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