Choose an exchange service.
The least difficult method of obtaining bitcoins is by using an online exchanger. The approach that an online bitcoin exchanger takes is very much equivalent to the method that currency exchangers take. All you have to do is register online and convert your fiat currency to bitcoin. You can find numerous bitcoin exchangers online, the best option for you is to choose the one that is exactly where you are. Here I am going to offer you a list of the most stable and recognized online bitcoin exchangers:
Coin Basis:
Probably the best known. This exchanger will offer you bitcoin exchange, wallet creation and trading services. In fact, they have mobile apps so you can easily buy or trade your bitcoins even easier.
Circle:
By creating an account there, you will be able to store, receive, send and exchange your bitcoins.
Xapo:
This organization will mail you a debit card, so you can use your bitcoin in your favorite fiat currency.
Some exchange services also allow you to trade Bitcoins.
Some of these exchange services will allow you to exchange your bitcoins. You will find Bitcoin exchange services that limit the amount of bitcoins you buy and sell each day. Many of these exchangers and wallet systems hold digital and fiat currencies for you, much like regular bank accounts do. These exchangers and wallets are incredibly good if you’re hoping to get into trading and you don’t necessarily have to be 100% anonymous.
Provide proof of your identity and contact information to the service.
As soon as you sign up for an online bitcoin exchange service, you will need to provide your personal information to successfully generate your online account. Many countries require members to meet anti-money laundering criteria, so you will need to provide proof of your identity. You should be aware that online bitcoin exchangers will not provide you with the exact degree of security that banks can. In other worlds, you may not be protected from hackers or get a refund, in case the online bitcoin exchanger goes out of business. Obviously this depends entirely on the exchanger, several have more powerful security systems than others and some are even more financially stable than others.
Buy Bitcoins with your exchange account.
Now that you’ve completed setting up your online bitcoin exchange service account, you’ll need to link it to your bank account, so you can easily send and receive money between the two platforms. Moving cash from your bank to the online platform and vice versa may require a fee. You should read all the details related to this matter in the online exchange systems and in the help/FAQ parts of your banking platform. There are money changers that allow you to personally make a deposit into their bank account. One way or another, it is very smart that you choose an online exchange platform, based in your country, some exchangers may also limit the registration of their members only if they live in the exact country in which they are located. However, there are exchangers that allow you to transfer money to accounts abroad, remember that the fees may be higher if you decide to continue with this method and may include a hold to make your money available.
