How to Buy Bitcoin in 4 Easy Steps

How to Buy Bitcoin in 4 Easy Steps

As crypto currency experts, we often hear the question ‘can you show me how to buy bitcoin?’. For some reason, people don’t seem to have access to the right information. If you’ve just heard about Bitcoin and you are interested in getting some as soon as possible, you’re at the right place.

If you are located in the U.S. or Canada, this article is made for you! But if you are coming from another country, you might prefer to trade bitcoins by clicking here.

In this easy tutorial, we’re going to answer: ‘How to buy Bitcoin in only four easy steps?’

Quick introduction: How to buy bitcoin?

For this tutorial, we will use the Bitcoin Exchange that we ranked as #1 Bitcoin Platform in 2017: Cex.io.

Cex.io is a very simple exchange platform that allows users to exchange cryptocurrency for your local currency (USD for example). You can currently buy Bitcoins (BTC) and Ethereum (ETH) on Cex.io.

Overall, the platform is very well designed and modern, it is easy to use for newcomers, and most important, it is a Bitcoin Exchange that you can trust.

Their customer support on the website is very reactive as you can chat with a professional as soon as you press ‘help’ on the front page. Therefore if you have any questions or issues, they will help you almost immediately.

Now it’s time to show you how to buy bitcoins in four easy steps:

Step 1: Go to CEX.IO and create your account. (3 minutes)

 

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CEX.IO Register

> Once on arrive on the homepage, click on “Register” on the top right of the screen.

> Then, you will simply need to enter your email or your Facebook account.

> The next step is to create a Password – make sure to note it somewhere.

> Then click on the Register blue button

 

Step 2: Activate the “2-Factor Authentication” (2 minutes)

> Once you register, the platform will bring you to a new page which will help you enable a two-factor authentication.

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But wait, what is 2-factor authentication? Two-factor authentication is a great tool to add a layer of protection to your account. It is one of the most important things to do when you open a new account on a platform.

Tip: A 2-factor authentication is essentially a text message that you would receive on your phone which includes a code that will be used to verify any transaction that occurs on the website. Therefore, you can make sure that no hacker can ever access your online wallet.

> So you need to click on SMS/Phone Request to activate your 2-factor authentication.

> Then enter your phone number and choose whether you’d like a text or a call. Both will send you a code that you will enter on the website.

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And that’s it! You’re registered with Cex.io, securely. You can now click on Start using Cex.io.

 

Step 3: Deposit Money into your account (3 minutes)

Now, in order to actually buy the bitcoins, you must deposit some money on your account. That’s super simple.

> Log in to your Cex.io account, using the 2-factor Authentification.

> Click on the Deposit button at the top right of the homepage.

> Now, you just need to select your Deposit Payment Method between Debit/Credit Card (immediate deposit) or Bank Transfer (much slower), and complete your personal information.

> Enter the amount of your deposit – On an initial deposit, we recommend purchasing between $500 and $5000, since smaller investments will yield profits in cents.

You will then see the deposit fees, which is completely normal.

> Lastly, confirm your deposit.

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Now that your deposit is done, you can actually start buying Bitcoin!

 

Step 4: Buy your bitcoins! (2 minutes)

> Go to the homepage where you can select how much bitcoin you want to buy. The platform will then send you a text to confirm this purchase (remember 2-factor authentication?).

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> Once you confirm the purchase, all you need to do is wait for the bitcoin to be transferred to your account.

That’s it, congratulations on buying your very first bitcoins online!

Hopefully, this guide has been helpful in answering how to buy bitcoin. It’s an easy process that sometimes can be tricky for beginners if they don’t access the right information.

So, now you’re ready to go out there and buy Bitcoin yourself! Please feel free to share this article with your friends and show them how to buy bitcoin!

 

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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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