Select an exchanger.
The least complicated way to get bitcoins is to use an online exchange. The approach followed by an online bitcoin exchange is largely equivalent to the method of exchanging currencies. All you have to do is register online and convert your fiat currency to bitcoins. You can find many online bitcoin exchangers, the ideal choice for you is to choose the one where you are. Here I am going to offer you a list of the most stable and recognized online bitcoin exchanges:
Probably the most famous. This exchanger offers you the services of exchanging, creating a wallet and trading bitcoins. They actually have mobile apps so you can easily buy or trade your bitcoins even easier.
By creating an account there, you will be able to store, receive, send and exchange your bitcoins.
This organization will mail you a debit card so you can use your bitcoins in a fiat currency of your choice.
Some exchange services allow you to trade bitcoins as well.
Some of these exchange services will allow you to trade your bitcoins. You will find bitcoin exchange services that limit the amount of bitcoins you can buy and sell each day. Many of these exchangers and wallet systems store digital as well as fiat currency for you, very similar to what regular bank accounts do. These exchanges and wallets are incredibly great in case you plan to trade and don’t necessarily want 100% anonymity.
Provide the service with proof of identity and contact information.
Once you register with an online bitcoin exchange service, you will be required to provide your personal information in order to properly create your online account. Many countries require participants to meet anti-money laundering criteria, so you must provide proof of identity. You should keep in mind that online bitcoin exchanges will not give you the exact degree of security that banks can. In other worlds, you may not be protected from hackers and you may not get a refund if the online bitcoin exchange goes down. Obviously, it all depends on the exchanger, some have stronger security systems than others, and some are even more financially sustainable than others.
Buy bitcoins from your exchange account.
Now that you’re done setting up your online bitcoin exchange account, you’ll need to link it to your bank account so you can easily send and receive money between the two platforms. There may be a fee for moving cash from your bank to the online platform and vice versa. You should read the full details on this matter in the online exchange systems and in the Help/FAQ sections of your bank’s platform. There are exchangers that allow you to make a deposit in person to their bank account. Either way, it is very wise to choose an online exchange platform in your country, some exchanges may also restrict their members from registering only if they live in the country they are located in. In any case, there are exchangers that allow you to transfer cash to overseas accounts, be aware that the fees may be higher if you choose to go ahead with this approach, and it may also involve a delay for your money to be available.