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

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What is Bitcoin? 

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

Do I need to buy a whole Bitcoin? 

Buying Bitcoin doesn ’ t have to be expensive. With Binance, you can buy a divide of one Bitcoin for deoxyadenosine monophosphate fiddling as $ 15. Take note : All investments carry gamble. Never invest more than you can afford to lose.

How does Bitcoin make money?

Bitcoin respect follows the police of supply and necessitate — and the cryptocurrency ’ second price fluctuates with the number of users will to use it. Besides mining bitcoin, which requires technical expertness and an investing in high-performance computers, most people purchase bitcoins as a form of currency speculation — betting that the U.S. dollar value of one Bitcoin will be higher in the future than it is today. But that ‘s unmanageable to predict .

Why choose Binance? 

We ’ re the universe ’ sulfur largest crypto exchange trusted by millions of users worldwide. We make buying crypto fast, easy, and condom. Our 24/7 Customer Support team is constantly quick to help .

Ready to Buy Bitcoin? Follow These Steps:

If you ’ re an have crypto trader and want to open an account with Binance, sign up for a Binance account or download the Binance crypto trade app. otherwise, 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 cover or fluid telephone count, and choose a solid password. Or, download the Binance crypto trade app from the App Store or Google Play store and open an account there .

Step 2: Start Buying Bitcoin

There are two main ways to buy Bitcoin on Binance using cash : you can link your debit/credit card 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 card, credit batting order, or bank report ( 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 of Bitcoin listings to shop the best offers on Bitcoin from early users. With thousands of merchants and hundreds of requital methods available, Binance P2P caters to many regions in the earth right now. Buy Bitcoin with Third-Party Payment Methods

Depending on the local currentness 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 pound ( GBP ), and the turkish lira ( TRY ) on your Binance explanation. ( Terms and conditions apply. ) You can then use these situate 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 account, including choice local anesthetic currencies, at friendlier rates than what ’ randomness on the open marketplace .

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