How to Buy Bitcoin: A Quick Guide from Binance | Binance Blog

What is Bitcoin? 

Bitcoin is the most popular and widely used cryptocurrency in the global. Launched in 2009, Bitcoin is traded in fractions and unlike decree currency, bitcoin is created, distributed, traded, and stored with the manipulation of a decentralized daybook organization, known as a blockchain. Bitcoin is the most popular cryptocurrency and has triggered the establish of hundreds of other cryptocurrencies, jointly referred to as altcoins. Bitcoin is normally abbreviated as “ BTC. ”

Do I need to buy a whole Bitcoin? 

Buying Bitcoin doesn ’ metric ton have to be expensive. With Binance, you can buy a fraction of one Bitcoin for deoxyadenosine monophosphate fiddling as $ 15. Take note : All investments carry risk. Never induct more than you can afford to lose.

How does Bitcoin make money?

Bitcoin measure follows the jurisprudence of add and demand — and the cryptocurrency ’ second price fluctuates with the count of users volition to use it. Besides mine bitcoin, which requires technical expertness and an investment in high-performance computers, most people purchase bitcoins as a form of currency meditation — betting that the U.S. dollar respect of one Bitcoin will be higher in the future than it is nowadays. But that ‘s unmanageable to predict .

Why choose Binance? 

We ’ re the populace ’ s largest crypto substitute trusted by millions of users worldwide. We make buying crypto fast, easy, and safe. Our 24/7 Customer Support team is constantly ready to help .

Ready to Buy Bitcoin? Follow These Steps:

If you ’ re an experienced crypto trader and want to open an account with Binance, sign up for a Binance history or download the Binance crypto trading app. differently, read this article for bit-by-bit instructions on how to buy Bitcoin with Binance .

Step 1: Create your Binance Account

Sign up with your electronic mail address or mobile phone number, and choose a strong password. Or, download the Binance crypto trading app from the App Store or Google Play store and open an score there .

Step 2: Start Buying Bitcoin

There are two chief ways to buy Bitcoin on Binance using cash : you can link your debit/credit menu or bank account, or buy crypto directly from other users on Binance P2P.

Buy Bitcoin with a Debit Card, Credit Card, or via Bank Transfer

Linking your debit poster, credit card, or bank account ( available in many regions ) is one of the easiest ways to buy Bitcoin. Through this method, you can buy Bitcoin for a minimum of about $ 15. ( This sum varies depending on the currency you use. ) Buy Bitcoin Locally with P2P trade

Buy Bitcoin directly from other Binance users with your local decree currentness via Binance P2P. Browse a variety show of Bitcoin listings to shop the best offers on Bitcoin from other users. With thousands of merchants and hundreds of requital methods available, Binance P2P caters to many regions in the populace correct now. Buy Bitcoin with Third-Party Payment Methods

Depending on the local currency you select, you can choose another requital method that ’ s available to you.

Deposit Your Local Currency and Trade for Bitcoin

Over the past few months, we ’ ve made it possible for you to deposit choice decree currencies, like the Euro ( EUR ), australian dollar ( AUD ), brazilian reais ( BRL ), the british syrian pound ( GBP ), and the turkish lira ( TRY ) on your Binance report. ( Terms and conditions apply. ) You can then use these lodge funds to purchase Bitcoin on the Spot, Margin, and Futures markets on Binance. Use the Convert and OTC Portal to Buy Bitcoin

The newly launched Convert and OTC Portal allows you to buy huge amounts of BTC using the funds on your explanation, including blue-ribbon local currencies, at friendlier rates than what ’ sulfur on the open market .

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Category : Finance

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