You’ll see that buying Bitcoin is quite simple, and anyone can do it. The problem lies in security.
In this article, I’m going to show you where to buy Bitcoin and which platforms are the safest to use.
To achieve this, there are a few key concepts you need to understand:
Exchanges
To start investing in cryptocurrencies, you need to use a platform called an exchange. An exchange is a website where you can easily and quickly buy, sell, or trade cryptocurrencies.
To buy cryptocurrencies, you just need to open an account on a secure exchange, choose the cryptocurrency you want to buy, specify the amount, and make the payment, usually with a credit card. These platforms are user-friendly and will guide you step by step.
And that’s it, you’ll own your first cryptocurrencies!
Cryptocurrency Wallets
Whenever you buy Bitcoin, whether online or from other sources, you need to know that your cryptocurrencies are stored in a wallet. Think of it like your bank account, a place where your cryptocurrencies are held.
When you buy them on an exchange, you’ll see them when you access the exchange’s app (similar to your banking app).
So, where are they exactly?
Your cryptos will be in the exchange’s wallets, and this isn’t the safest option. That’s why I always recommend transferring them to a personal wallet under your control.
There are two types of wallets:
- Hot Wallets: These are online wallets. You don’t physically see them; your cryptocurrencies are stored online. This is more risky as they are more vulnerable to cyberattacks and theft.
- Cold Wallets: These are physical devices not connected to the internet where you can store your cryptocurrencies more securely and under your full control.
If you choose a physical wallet, you’ll need to purchase it separately and transfer your cryptocurrencies to that physical device. All of this might sound more complicated than it actually is. In reality, this process involves just a few clicks and following some simple steps. I’ll explain the process in detail later.
Wallets have a public address, which is like your IBAN or account number. This is the address you share with others to receive Bitcoin, for example.
They also have a private key, which is like your PIN, for instance. This key must never be shared with anyone, and you mustn’t lose it either—if you do, you’ll lose access to your funds.
Where to Buy Bitcoin Safely?
Let’s explore where to buy Bitcoin, starting with the safest option.
1. Material Bitcoin
We are a company specializing in cold wallets for cryptocurrencies.
Through our website, you can buy Bitcoin securely in just a few simple steps and store it in the safest device available today for storing Bitcoin: our Material Bitcoin wallet. It’s ultra-durable and entirely under your control.
We are a registered company with the bank, holding registration number D701. We are regulated and secure.
Moreover, our wallet (you always need a wallet to store cryptocurrencies) is not connected to the internet, which prevents your Bitcoins from being stolen or hacked. Below, you will find a step-by-step guide on how to buy Bitcoin with us, and you’ll see that it’s super simple.
2. Exchanges
Exchanges (as I mentioned earlier) are the most popular platforms today for buying or selling cryptocurrencies. Some names you might recognize include Binance, Coinbase, KuCoin and Bit2Me. These platforms are very easy to use for buying Bitcoin. It’s straightforward, and you’ll have no trouble doing it.
However, I don’t recommend leaving your cryptocurrencies on the exchange for the reasons I mentioned before. You cannot control who may hack the exchange. If it gets hacked, your cryptocurrencies will be at risk.
That’s why I always recommend transferring your cryptocurrencies to your own wallet.
Which exchange do I recommend? There are several, such as Bitvavo, Binance, Coinbase, Bit2Me, KuCoin, and Kraken. I always recommend that you do it from a secure exchange.
As I said, the steps you’ll follow are: open an account, choose the cryptocurrency you want to buy, select the amount, and make the payment.
Once you complete these steps, your cryptocurrencies will be in the exchange’s app. The procedures across exchanges are quite similar and easy to follow.
Now, it’s important to learn how to protect your cryptocurrencies, ensuring you have full control and avoiding potential theft.
3. Cryptocurrency ATMs
Every day, new Bitcoin and other cryptocurrency ATMs are opening up around the world. You can check your nearest location through a website like this one: https://coinatmradar.com/
From these ATMs, you can buy and sell Bitcoin safely and very easily.
Bitcoin Depot is currently the leading Bitcoin ATM company in the United States, with over 8,000 machines operating across the country and Canada.
As I mentioned, whenever you buy Bitcoin, it gets stored in a wallet. If you do it from an exchange, the wallet is online, but if you do it from an ATM, you need to provide the ATM with your wallet address so it knows where to send it.
4. P2P Platforms
Peer-to-peer (P2P) platforms are platforms that allow the buying and selling of cryptocurrencies without intermediaries, meaning directly between individuals. You choose the offer available in the market or post one if you want to sell.
This option gives you more freedom since you can choose your preferred payment method and it has much lower fees. However, you should be aware that you’re also taking a risk; high-quality offers aren’t very attractive, and if you choose a physical payment method (more anonymous), you expose yourself to potential scams.
Nevertheless, there are now platforms that facilitate this P2P exchange and provide security, such as Paxful, Hodl Hodl, Binance P2P, ByBit P2P, Huobi P2P, and others.
Exchanges to Buy Bitcoin
Here are 5 safe exchanges to buy Bitcoin. Remember that the steps are similar in most of them.
1. Binance
Binance is the largest cryptocurrency platform in the world. Founded in 2017, it was able to accommodate millions of users in just a few months. The major advantage of this exchange is the incredibly low fees for buying, selling, or exchanging.
This platform trades over 600 cryptocurrencies.
2. Coinbase
Coinbase is one of the largest and most popular exchanges in the United States, known for its security and ease of use.
Without a doubt, Coinbase is incredibly easy to understand if you’re new to the world of cryptocurrencies. Additionally, it allows you to buy cryptocurrencies directly with credit or debit cards.
3. Bit2Me
Founded in 2014 in Elche, Alicante, Bit2Me became one of the first exchanges in Spain, with the goal of offering a close and transparent experience, always prioritizing customer service.
Today, Bit2Me operates in over 100 countries and has become an international reference in the sector, being recognized by the Bank of Spain as a provider of virtual currency exchange services and cryptocurrency custody.
The Bit2Me team continues to grow, strengthening customer support with multilingual assistance.
4. KuCoin
KuCoin is one of the most prominent exchanges in the cryptocurrency sector, with millions of users in over 200 countries.
One of its major benefits is the ability to acquire newly launched coins through tools like KuCoin Spotlight, which provides access to projects with high growth potential.
Its main disadvantage is that it may be a bit complex for beginners due to the large number of advanced features available.
5. Kraken
Kraken is a cryptocurrency exchange founded in 2011 that has gained significant recognition in recent years.
One of its main advantages is that, in addition to enabling the exchange of various cryptocurrencies, it allows you to buy them with multiple fiat currencies, including USD, EUR, CAD, GBP, JPY, CHF, and AUD.
Additionally, Kraken offers operations with more than 215 cryptocurrencies, including major ones like Bitcoin, Ethereum, and Litecoin.
Buying Bitcoin with Material Bitcoin
As I mentioned, Material Bitcoin is a completely secure company where you can buy Bitcoin. You can do it easily and safely through our website. Here are the necessary steps:
1. Buy your ultra-secure Material Bitcoin cold wallet.
2. Once you have it, go to the “Buy Bitcoin” section on our website.
3. Scan the QR code of your wallet and enter the amount.
4. Select your payment method, and that’s it. Your Bitcoin will be stored securely.
How to Buy Bitcoin from an Exchange
For this example, I will use Binance
- Create an account and follow the steps to verify it.
They will likely ask for your ID and other details for security purposes. - Once your account is created, go to the assets of your app and click “Buy.”
- Choose the type of purchase you want to make.
- Select the cryptocurrency you want to buy, in this case, Bitcoin, the amount and make the payment.
And that’s it! Now you have your Bitcoins. If your goal is to store them long-term, make sure to send them to a cold wallet.
Conclusión
I hope you now clearly know where to buy Bitcoin safely and, most importantly, how to store your Bitcoins.
The ideal way, no matter where you buy your Bitcoins, is to store them in a cold wallet, especially if your goal is to hold them long-term and wait for their value to increase. This way, you ensure that your Bitcoins are safe.
If you have any questions or unresolved issues, feel free to leave them in the comments, and we will respond as soon as possible.
0 Comments