How to Buy Bitcoin

How To Buy Bitcoins Online

The fastest way to buy bitcoins with a credit or debit card is via Indacoin where you can acquire $50 or less within 10 minutes.

For larger amounts, you may want to learn how to buy bitcoins online by following these simple steps:

  1. Find a Bitcoin exchange
  2. Buy bitcoins by exchanging your local currency, like the U.S. Dollar or Euro, for bitcoin
  3. Transfer the bitcoins to your wallet

Learning how to use Bitcoin is just like any other technology. This will require you to get familiar with how things function.

We highly recommend you learn how to transfer bitcoins to a cold storage Bitcoin wallet. Additionally, the Bitcoin price can vary throughout the world so be sure to do your research to make sure you are getting a fair deal.

How To Buy/Get Bitcoin Video

While Coinbase or Cryptopay are good places to start when buying bitcoins we strongly recommend you do not keep any bitcoins in their service; there is no excuse for controlling your own private keys.

Once you find a Bitcoin exchange in your country then compare the exchange rate on your local exchange to a Bitcoin price index.

If you can’t find information about your country below, use Buy Bitcoin Worldwide to find a local exchange.

Buy Bitcoins in the United States

Coinbase and Circle are considered the best ways to buy bitcoins online in the United States. At Coinbase you buy bitcoin with a connected bank account. Circle offers additional payment methods; you can buy bitcoin with a credit card, debit card, or connected bank account.

Coinbase is one of the world's largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

Circle makes it easy to buy bitcoins with a credit card, debit card, or connected bank account. Its buy price is often only 0.5% more than the average market rate. Circle is available to residents of the United States and United Kingdom.
Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration.

If it's the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.

You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all.

Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

Kraken is one of the world's largest Bitcoin exchanges. Residents of Europe and the UK can deposit and purchase bitcoins with same day SEPA transfer.
LocalBitcoins is an escrow service that helps match Bitcoin buyers and sellers.
BitQuick is an escrow service that facilitates the buying and selling of bitcoins via cash deposit.
Wall of Coins is an escrow service that facilitates the buying and selling of bitcoins. Cash deposit is the most popular payment method.

Many people want to know: is it possible to buy bitcoins with PayPal? Since PayPal bans its merchants from accepting PayPal payments for bitcoins, it’s not possible to buy bitcoins with PayPal directly.

Buy Bitcoins in the United Kingdom

Coinbase is one of the world's largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

Circle makes it easy to buy bitcoins with a credit card, debit card, or connected bank account. Its buy price is often only 0.5% more than the average market rate. Circle is available to residents of the United States and United Kingdom.
Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration.

If it's the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.

You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all.

Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

UK residents can buy bitcoins online in a little under an hour at Bittylicious with UK instant bank transfer.

Buy Bitcoins in Canada

Coinbase is one of the world's largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration.

If it's the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.

You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all.

Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

Kraken is one of the world's largest Bitcoin exchanges. Residents of Europe and the UK can deposit and purchase bitcoins with same day SEPA transfer.
Buy bitcoins quickly in Canada with Interac Online or debit card.

Buy Bitcoins in South America

LocalBitcoins is an escrow service that helps match Bitcoin buyers and sellers.
SatoshiTango is a Bitcoin broker available in Chile, Colombia, and Uruguay.
Bitex.la is a Bitcoin exchange that offers services in Argentina, Chile, Colombia, and Uruguay. Deposits can be made with cash in Argentina and Chile, or with AstroPay in all four countries.
SurBitcoin is Venezuela's only local Bitcoin exchange. Deposits are made with Venezuelan national bank transfer.
SurBTC is Chile's largest and most well funded Bitcoin exchange. It received a Series A investment of $0.3 million on February 2016.
Bitcoin Peru is a Bitcoin broker in Peru. It's possible to buy via local bank transfer and get bitcoin within 24 hours.
GuaraniBitcoin is Paraguay’s local exchange.

Buy Bitcoins in Mexico

Bitso is one of Mexico's largest Bitcoin exchanges. Fund your account at more than 135,000 physical locations with cash or via online bank transfer.
Buy bitcoins in Mexico at more than 5,000 brick-and-mortar stores. Buy bitcoins in Europe with SafetyPay, or with EasyPay at 500 physical locations in Greece.

Buy Bitcoins in Asia

BitKan is a tool and application platform focusing on bitcoin featuring OTC trading service, price viewing, news reading, mining monitoring, price alert, E-Wallet services and etc.
BTCC is one of China's three largest Bitcoin exchanges.
Huobi is one of the largest Bitcoin exchanges in China, with more than $150 million of daily trading volume.
OKCoin is one of the largest Bitcoin exchanges in China, with more than $200 million of daily trading volume.
Unocoin is India's largest Bitcoin exchange. Fund your account via India local bank transfer.
Bitcoin exchange available in Indonesia and Malaysia. BitX makes it easy to buy bitcoin instantly via local bank transfer (Indonesia) or Inter-Bank GIRO (Malaysia).
BitFlyer is Japan's most popular and well funded Bitcoin exchange. Deposit with bank transfer.
Pakistan’s first Bitcoin exchange. Users can fund accounts via local bank transfer.
Known as the easiest way to buy bitcoins in the Philippines and can also be used to send and receive remittances.
Buy bitcoins in Singapore with local bank transfer.
Korbit is the largest and most well funded Bitcoin exchange in South Korea, with average daily volumes over 500 BTC.
To buy BTC with cash in South Korea use CoinPlug to find a Bitcoin ATM.
Buy bitcoin in Taiwan with cash or bank transfer at MaiCoin.
BitoEX has 5,000 locations at convenience stores across Taiwan where it’s possible to buy with cash.
Coins is a remittance service, but also makes it easy to purchase bitcoins in Thailand with cash, bank transfer, or cash deposit.

Buy Bitcoins in Australia

Australia's largest Bitcoin exchange. Buy Bitcoins today with POLi and EFT. Low trading fees and full API available.
Buy bitcoins with cash in Australia. Only verification required is an email address and phone number
No fee and low spread Australian buying and selling service. Buy Bitcoin using POLi. Phone number and ID verification required.

Buy Bitcoins in Brasil

Bitex.la is a Bitcoin exchange that offers services in Argentina, Chile, Colombia, and Uruguay. Deposits can be made with cash in Argentina and Chile, or with AstroPay in all four countries.
FoxBit is one of the largest Bitcoin exchanges in Brazil. Buy bitcoins online with bank transfers and no deposit fees.
Mercado Bitcoin is one of Brazil's largest Bitcoin exchanges. Users can buy bitcoin online with bank transfers.

Buy Bitcoins in Germany

Coinbase is one of the world's largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

Buy bitcoins in the UK and Europe with a 3D secure credit or debit card. Prepaid credit and debit cards are also accepted if 3D secure.
Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration.

If it's the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.

You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all.

Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

Kraken is one of the world's largest Bitcoin exchanges. Residents of Europe and the UK can deposit and purchase bitcoins with same day SEPA transfer.
LocalBitcoins is an escrow service that helps match Bitcoin buyers and sellers.
Bitcoin.de is a Bitcoin exchange based in Germany, with average daily trading volume of 3,000-7,000 BTC. Deposits must be made with SEPA transfer.
Cashila is a payment processor that enables users to transfer, hold and receive funds using bitcoin or euros.

Buy Bitcoins in France

Coinbase is one of the world's largest Bitcoin exchanges. Users in the United States, Canada, most of Europe, and Singapore can buy bitcoins with a connected bank account or SEPA transfer.

European users can purchase bitcoins with 3D secure credit or debit cards.

Buy bitcoins in the UK and Europe with a 3D secure credit or debit card. Prepaid credit and debit cards are also accepted if 3D secure.
Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countires with a credit or debit card and no registration.

If it's the first time you use the card, you will receive a call from Indacoin with a 4-digit code, which should be entered on your order page. After that, you will have to enter a 3-digit code, which can be found on your online card statement next to the charge amount.

You will have the limit of $50 for the first transaction, $100 for the second transaction available after four days of the initial purchase and $500 after eight days of the first buy. The total limit for the first month will be $5,000 and then no limits at all.

Since your card is verified, cryptocurrency is sent automatically within ten minutes after the payment.

Kraken is one of the world's largest Bitcoin exchanges. Residents of Europe and the UK can deposit and purchase bitcoins with same day SEPA transfer.
Bitcoin.de is a Bitcoin exchange based in Germany, with average daily trading volume of 3,000-7,000 BTC. Deposits must be made with SEPA transfer.
Cashila is a payment processor that enables users to transfer, hold and receive funds using bitcoin or euros.
Buy bitcoins in France with local bank transfer.

Buy Bitcoins in Africa

Buy and sell bitcoins via bank transfer in South Africa and Nigeria.
Buy and sell bitcoins in Nigeria with Perfect Money and Web Money.
Buy and sell bitcoins with Airtel in Kenya, and with Paga or Quickteller in Nigeria.

Best Bitcoin Exchange

A number of factors must be considered when finding the best bitcoin exchange, which will vary person-to-person depending on the factors below.

Exchange Rate

How close is the exchange rate to the global average price found on an index. By comparing a local Bitcoin exchange’s prices to a Bitcoin price index then it is easier to get the best Bitcoin exchange rate.

Payment Method

You’ll need to find a Bitcoin exchange that accepts your preferred payment method. Different payment methods also incur varying fees. Credit card purchases, for example, are often charged a fee of 3-10%, while most deposits with bank transfers are free. More information about fees can be found on each exchange’s website.

Speed

You may have found the best Bitcoin exchange, but if verification takes one week and you need bitcoins now, you’ll have to look elsewhere. Initial verification can often take a few days, but all subsequent purchases may be instant. You’ll have to research each Bitcoin exchange to determine verification levels and delivery speeds.

Amount

Each Bitcoin exchange has different buying limits, which often varies depending on level of identity verification. At Coinbase, for example, regular users may only purchase up to $1,000 worth of bitcoins per day. Fully verified users, however, can buy up to $50,000 per day. Most exchanges offer a FAQ page online where the different levels of verification are explained.

Fees

Each Bitcoin exchange charges different fees for its services. Most Bitcoin brokers, that sell bitcoins directly to buyers, charge a flat rate of 1% per transaction. Exchanges with orderbooks are geared towards high volume trading, and often have fees of 0.25-0.50% per trade. More information can be found on each exchange’s website.

Privacy

Exchanges that accept credit cards or bank transfers are required by law to collect information about users’ identities. Buying bitcoins with cash is the most private way to buy bitcoins, whether it be through a P2P exchange like LocalBitcoins or at a Bitcoin ATM.

Regulatory Compliance

In order to buy bitcoins, local currency, like the U.S. dollar or Euro, must be exchanged for bitcoins. In this process trust users must trust the Bitcoin exchange to secure money and not run away with funds. It’s best to use a regulated Bitcoin exchange. Most exchanges offer information about their regulatory compliance on their websites. If an exchange seems shady and doesn’t offer information about regulation or who’s behind the site, it’s best to find a different exchange.

Getting a Bitcoin Wallet

History is filled with Bitcoin exchanges running away with users’ funds. For this reason, it’s best to move your bitcoins off the exchange once you buy and store your coins in a wallet you own.

There are different types of Bitcoin wallets, each offering unique features and benefits. The wallet that’s right for you will depend on your specific needs and on how you intend to use Bitcoin.

For secure storage, wallets like the TREZOR and Ledger Nano make it easy to protect bitcoins. Paper wallets are another good option for those with greater technical knowledge.

If you’ll be making Bitcoin transactions frequently, hot wallets that work across many devices are a better option.

Recap

Now that you have a better idea on how to buy bitcoins, here’s a recap of the best places to buy:

  • Coinbase: Buy bitcoins in the United States, Europe, Canada, or Singapore.
  • Circle: Buy bitcoins in the U.S. with bank transfer, credit card, or debit card.
  • LocalBitcoins: Buy bitcoin anywhere with available sellers for cash.
  • Kraken: Buy bitcoins with SEPA transfer in Europe.
Written by WeUseCoins.