3 Easy Steps to Buy Bitcoin Singapore!

3 Easy Steps to Buy Bitcoin Singapore!

How to Buy Bitcoin Singapore?

In this article, we’re going to show you how to buy Bitcoin Singapore in a few easy steps. If you’re a beginner in Bitcoin and want to invest since the price went to $4100, you can follow this procedure and you will be able to buy Bitcoin Singapore safely and securely. The first question is, how much do you want to invest? If you’re thinking of investing under a thousand dollars, we suggest using a website like Coinbase, where you can easily purchase and store your Bitcoins.

Where to Buy Bitcoin Singapore?

For beginners, we suggest Coinbase, simply because it’s the world’s most trusted Bitcoin broker. The company has been growing well in the past years. Coinbase users are generally happy with the services that it provides. Coinbase is a trustworthy exchange because it’s regulated. Moreover, it’s backed by several big media (The Wallstreet Journal, Bloomberg and New York Times). It’s widely regarded as the first broker that people use while being introduced to cryptocurrencies. Coinbase also has a digital assets exchange, called GDAX, a regulated platform that allows institutions, professionals and the average joe to trade bitcoins. There are no fees on Coinbase when you use their online wallet for any transactions. However, might be charged a network fee when transferring currency from an address to another. This depends on the time that the transaction is carried out, and on how congested the blockchain is as of that moment.

 

Why choose Coinbase to buy Bitcoin Singapore?

The platform is quite intuitive and easy to use, beginners who are adventuring into the world of Bitcoin will find it’s very informative and reassuring. The website has a chatbot, for helping people with any issue, and it works pretty well surprisingly. It can understand you even if you make a few spelling mistakes, so it’s quite useful for beginners.

The exchange offers a free online wallet for your bitcoins on the creation of a free account as well. You need an online wallet to store your Bitcoin so that you can hold them as well as send or receive Bitcoin. An online wallet lets you store your Bitcoin safely. Coinbase has many security measures in place in order to secure your banking information and your Bitcoin in the Coinbase wallet. On Coinbase, all deposits are insured. That means you get your Bitcoin or currency back if your account gets hacked.

Coinbase requires all accounts to activate 2-factor authentication. Therefore, you need to connect your mobile phone while creating your account. 2-factor authentication is essentially a text that you would receive on your phone. You verify a transaction with a code which is in the text you get on your phone. You can make sure that no hacker can move your funds around. That makes Coinbase 100% safe so you can buy Bitcoin Singapore securely on their platform.

If you already have some Bitcoins, don’t forget to protect them with a hardware wallet. Read our <a href=”http://wikicrypto.com/ledger-blue-review/”>Ledger Blue Review</a> or our <a href=”http://wikicrypto.com/ledger-nano-s-review/”>Ledger Nano S</a> review in order to find the wallet that fits your needs. You will never regret this extra layer of protection.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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