Buying Bitcoin through Material Bitcoin has never been easier.
Right now, you can choose from three Bitcoin providers, and the purchasing process has been greatly simplified.
In this post, we will walk you through the step-by-step process of buying with them so you don’t miss anything.
Let’s check it out.
Do you need verification to buy Bitcoin?
First and foremost, you should know that nowadays, any company involved in buying/selling Bitcoin (or any other cryptocurrency) is legally required to perform KYC on their customers.
What is KYC?
KYC stands for “Know Your Customer.” This means they have to have their customers perfectly identified. If the site where you buy your Bitcoin hasn’t had you go through it, be wary of its legality.
The same applies to us. With any of the three Bitcoin providers we have, you’ll need to go through KYC once (if you’ve done it before, you need to do it again).
Here, I’ll show you how you can do it easily.
How to buy Bitcoin from Material Bitcoin
Let’s learn step by step how to buy Bitcoin from our website with each of the providers.
How to buy Bitcoin using Transak?
Transak is one of the providers we’ve had from the beginning, and it’s the one that clearly indicates the fees they will charge you for each transaction.
Here, you can watch the video on how to buy with Transak from the beginning.
- The first step is to go to the Bitcoin purchase section on our website. Here, you’ll enter the Bitcoin public address where you want to send your Bitcoin and the amount in euros you want to purchase.
- The second step is to choose Transak as the Bitcoin provider.
- Once you select Transak, you’ll see a summary of your purchase, and you can choose your preferred payment method: SEPA transfer, Visa, Google Pay, or Apple Pay. You’ll also see Bitcoin’s price and the fee for the transaction.
- Once you accept the purchase conditions, your email will be requested. If you’re already registered with Transak, you’ll proceed directly to payment. If it’s your first time, you’ll need to go through the KYC process mentioned at the beginning of the article.
- Once registered, you must provide some personal information to confirm your identity, and finally you’ll proceed to the order confirmation screen.
- Done! Your order has been placed. Now, all that’s left is to wait for Transak to send the Bitcoin to the address you provided earlier. It may take between 30 minutes and a few hours, depending on network congestion, so please be patient.
How to buy Bitcoin using Ramp
Ramp is the second Bitcoin provider available on our website. It has a user-friendly interface, and the process is also straightforward.
The procedure with Ramp is the same as with Transak in the initial steps: you go to the section to buy Bitcoin from our website, provide the address where you want to send the Bitcoin, and specify the amount you want to purchase.
Once you’ve chosen Ramp as the Bitcoin provider, you’ll see this screen:
As it happens with Transak, you’ll be asked for an email to check if you’re in their database. If you’re not, you’ll have to go through the verification process we mentioned at the beginning of the post.
Once you’re verified, they’ll ask if you own the wallet or if it’s managed by a third party (like an exchange, which we do not recommend at all).
- In the next step, you can choose the payment method. If you select for a bank transfer, they will provide you with the details you need for your bank transfer. We’ll show you how to buy with a credit/debit card as it is a more complex procedure.
- Choosing the card as the payment method means that you need to enter the details to proceed with the payment.
- Once you’ve entered the card details, you’ll have an order summary before finalizing the transaction, including the amount you’re purchasing, the address where you send the Bitcoin, and the card you use.
Once you confirm the purchase, it asks for some card confirmation details, and you’re done – you’ve made your purchase with Ramp. Now, all that’s left is to wait for your Bitcoin to be delivered at the specified address.
Great job! Have you found it hard? If you still have any questions, feel free to contact our support service directly.