This guide will teach you how to buy bitcoins.
Lucky for you:
It's easy to find where to buy bitcoins online because there are so many options.
If you want to learn the best way to buy bitcoins, keep reading!
Welcome to Buy Bitcoin Worldwide! I'm Jordan Tuwiner, the founder of this site.
We understand that buying bitcoins can be extremely confusing and frustrating. Luckily for you, this site has ample information to help make buying bitcoins easier for you.
Introduction to Buying
Want to learn how to purchase bitcoin or get bitcoins?
You’re in the right place!
The short answer is:
- Warehouse Women's Polka Dot Dress Multicolour (Multi 99)
- 1980’s Jumper Women’s Bodysuit Sequin Silk Beaded Print Onepiece
- AX PARIS Curve Floral Print Jumpsuit in Grey Size (WB4)
- Columbia Women's Plus SZ Sandy River Treatment Tee - Choose SZ color
- Fajas de Maternidad Coqueta ID 6118 M115 Nude
- Head Solid Ultra Womens Swim Suit
- Kenneth Cole One Shoulder one-piece swimsuit M L XL New Pink orange
- Madewell Emmett Wide Leg Jeans Pants Striped bluee White Size 29
- Mara Hoffman Swim Women's Stripe Multi color Jumpsuit Size Medium
- NEW Madewell 128 Slim Straight Jeans in Hammond Wash Sz29 J7211
- NWT L SPACE JOSIE MEDITTERRANEAN BIKINI TOP ONLY L LARGE SFS
- Pint of Beer Halter Swim Dress Swimsuit
- Sexy Woman VI-J2898 pantalones para women - color Oliva ES
- Sloggi Slw Wow Whu Kirschpink (4173) 32C
- Theory Pants 318087 bluee 25
- Women Fashion Silk Loose Type Capri Cropped Pants Trousers Casual Solid Ch8
- Amazing Vintage Polyester Maxi Dress Sz 10 Floral
- BNWT River Island Midi Dress Navy bluee Pinstripe Suit Style Straps
- FLAX Designs LINEN DRESS Hoodie S NWOT Pepper Gauze CLEARANCE
- Likely NEW Sky bluee Womens Size 2 Criss Cross Halter Sheath Dress 199- 456
- NEW Ruby Belle Cotton Emerald Green Empire Waist Flare Sleeveless Dress Sz 4
- PVC black VINILO cóctel vestido mini Todas Las sizes
- Vestidos De Fiesta Encaje Manga Larga Para women Largos Elegantes Fiesta Sexys
- Women's Mia Brazilia Halter Yoga Bra- Heather Grey
- AGENT PROVOCATEUR SEXY IVORY LACY BRA SUSPENDER & NAUGHTY OUgreen OPEN BRIEF BNWT
- Cosabella Women's Minoa Soft Bra Naughty Coral Large
- Freya Liebt Aa1014 Wp Bügel Gepolstert Longline Bh black (Blk) 28ff Cs
- Ladies JenniferLopez Size 2, bluee, Destructed 'Spring Romance' Boyfriend Jeans
- NEW Paige Jeans Hidden Hills Bootcut Jeans Size 25 Petite
- Wedding dress hijab white long sleeve
- 2004 Very Rare EUC Anthropologie Mixed Stripe Skirt 10
- B2prity Women's One Piece Swimsuits Tummy Control Swimwear Slimming Monokini ...
- COMME des GARCONS COMME des GARCONS Pants 816565 Grey XS
- Paige Premium Jeans Palisades Wide Leg w Drawstrings & Flap Pocs Sz 27
- TESSgold D'gold NASTRO Camicia camicia da notte
- DROME New Woman Pink Lamb Patent Leather A-Line Mini Skirt Size S 780 Pencil
- Freya Sundance AS3974 con con Aro Cuello Alto Bañador black (black) 30 E Cs
- Jacob Cohen trousers Women's Green Spring-Summer cod. 106329 UK
- Lilly Pulitzer Womens Skirt Gretta Battenburg Crochet Lace Cobalt bluee Sz S
- Mouse Ears Christmas Trees Beach Cover Up Dress
- NWOT Nanette Lepore navy pencil skirt size 2 lined slits
- O Ring Zipper Up Chain Detail Women Pants High Waist Plain Pattern Jogger Pants
- PRANA Women's Regular Inseam Halle Pant, Coal, Size 2, NWT
- Skirt Women 1980 Vintage by Diane Freis bluee Silk Pleated Skirt Size
- Univerval muse Skirts 267616 Pink
- Womens Small bluesh Pink Pants
- ATMOSPHERE ROBE GARDEN PREPPY FLORAL PAPILLON DOS NOEUD T OU 36 38
- Badgley Mischka Evening in Paris Dress- Retail 300
- Elegant Women White Organza Patchwork Party Bodycon Mini Dress
- KLASS DRESS SIZE 14 bluee Gown Party Occasion cruise Evening Wedding B648
- NEW Eliza J Dress Royal Collection Grey Lace Size 4 Wedding EJ2M3564 Women's
- Plus size formal dresses 18w
- Triumph Amourette SpotLight WHP GUAVA (1058) 32C
- Women’s BCBGMAXAZRIA Bryleigh Dress, Cream Sequin, Size 0
- AUTHENTIC VINTAGE PLAYBOY DENI BRA + GSTRING NEW WITH TAGS SIZE 10C 8
- DL1961 Jessica Skinny Jeans. Size 25
- HILFIGER DENIM SPODNIE DAMSKIE JEANS SKINNY W28L30
- Liposuction Compression Garment Long Leg Faja Colombiana Original Salome 0515
- NWT 300 C'N'C Costume National bluee Jeans Straight Leg Denim Pants Stretch W26
- Whistles -- Exclusive - Honu - Bamboo Print Dress - New With Tag - Size M -12-14
- 2019 SS Womens Designer Inspired Animal Print Long Skirt + Grey Hoodie Sz
- Badgley Mischka Womens Foldover Waist Skirt Size 4 Ivory Cotton BSS6013 NEW 285
- Complete Bedding Set King Size Bed Includes 1-03666
- Fantasie Lanai Fs6319 con Ferretto Regolabile Lati Costume pink Rossa Rrd 40e
- Helmut Lang Worker Light Denim Jeans Shorts 26
- KIKKA THE DIARY OF Skirts 597265 White 38
- MagicSuit Miraclesuit Tier Ruffle Tankini Set Sz 10 Retail 150 Long Length top
- RARE Madewell Retro Crop Bootcut Ecru Wash Boyfriend Jeans 25x25 G4346 J.Crew
- RRP 243 NEW DIESEL WOMEN'S JEANS SKINZEE 0857R SUPER SLIM SKINNY REGULAR WAIST
- MAXINE SWIMDRESS QUALITY SWIM SUIT BROWN POLKA DOT WOMEN W26 SWIMMING COSTUME
- New Vintage Pendleton Pleated Wool Plaid Skirt Size 8 Made USA bluee
- NWT PLENTY by TRACY REESE yellow FLORAL JUMPSUIT S
- Profile By Gottex One-Piece Swimsuit (Size 10)
- SOFT SURROUNDINGS Pure White Linen DESERT TUNIC M Current Zip Front Cover Up
- Vans Jewels lange Hoses Strandhose Animal printed design VN-0 VXOCQ9
- Women's XL top & skirt by Tape Measure -- Beautiful brown print - worn twice.
- B.tempt'd by Wacoal Women's B.Splendid Contour Bra - Choose SZ color
- BCBG Countryside Sunrise Dress Size M - goldenrod. Perfect For Fall Barn Wedding
- Ellen Tracy Women's Petite Belted Sheath Dress
- La Redoute Collections Womens Lace Tunic Dress
- WOLFORD FATAL TUBE DRESS in Midnight, Size L Ret 215 New in Box Tags
- NEW THIRD FORM THIRD FORM SCOOP TANK DRESS ARMY
- RACHEL RACHEL ROY NEW Red Women 2X Plus Cold-Shoulder Shift Dress 139
- Victoria Secret PINK Sequin Bling Maroon Ruby FUR HOODIE+JOGGERS PANTS SET XL L
- WOMENS PAJAMAS SIZE LARGE FLANNEL 2 PIECE SET RED WHITE blueE PLAID RET. 40.00
- Belmond 100-percent Cotton Bride & Groom Terry Bath Wrap Set (Set of 2)
- Elomi Cate EL4033 Non-Filaire Soutien-Gorge Bonnet Souple black (black) 46 D Cs
- Entlastungs-Bügel-BH Anita Comfort Ricarda 85G ungepolstert, Wired Support Bra
- J Brand Super skinny bluee Ink spot print jeans Size 27 Made In california
- MISS ME CRYSTAL 25 x 33 boot cut ultra low jeans women juniors JP5023-1
- NWT Victoria's Secret L Red Fleece VS Embroid'd Monogram Robe
- Silk satin lace ladies nightwear two-pieces pajamas sets with short pants high q
- (SALE) Jean-Paul GAULTIER FEMME Lace-up Skirt Size 40(K-36897)
- Armani Jeans J18 Sabbia Misto Lino Jeans Nuovo con Etichetta Taglie 8 11 13
- CHLOé - Straight pants - Beige salmon - T.36fr - Authentic
- ERES Swimsuit Size 10 bluee Red Magenta One Piece Bathing Suit Swimwear French
- GUESS JEANS PANTALONE DETTAGLI VELLUTO - G6M6 CILIEGIA - XS (7613402202908)
- Jumpsuit Women Sexy Party Club Boho Playsuit Bodycon Skinny Romper
- Lularoe OS Leggings Solids Lot Of 8
- NEW Boden Hampshire Navy bluee Ponte Stretch Straight Pencil Skirt US 8
- NEW GORGEOUS WOMENS J CREW SILK ANKLE PULL ON TIGER PRINT PANTS, SIZE 8
- NWT FRAME Denim Grey HARDING Skinny Distressed Low Rise Jeans Sz 31 210212A-DH
- Paw Prints Beach Cover Up Dress
- Seafolly Women's Fixed Longline Tri Bikini Top Swimsuit W Front Closure
- Tori Praver Women's Lola Bikini Top Nylon Spandex
For the long answer, read this Bitcoin buying guide and by the end you’ll understand these key points:
How and where to buy bitcoin
How to choose the right exchange
How to secure your coins after you buy
How to avoid scams
Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.
Certain exchanges are simply there to steal your personal information or rob you of your bitcoins.
We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.
Choosing an Exchange: Which is the Best Bitcoin Exchange?
To select the perfect exchange for your needs, consider these 7 factors.
1. Privacy: Keep Your Information Safe!
Want to buy BTC privately?
You can already cross off a number of payment methods:
- Bank transfer
- Credit card
- Debit card
- Any other method that requires personally or identifying information
[TiKiTiKe] Hippie style Ethnic Hurricane One size woman's baggy pants (Brown) is the most private way to purchase bitcoins.
We also have a detailed guide which reveals your `Artigiano Italian Wool-Blend Trousers Camel Size rrp DH083 AC 12.
2. Limits: Are You Buying a Lot of Coins?
If you need to buy a large amount of bitcoins--say 25 or more--then big brokers or major exchanges are the way to go.
Coinbase has high limits for buying with a bank account.
CITIZENS OF HUMANITY PREMIUM VINTAGE OLIVIA HIGH RISE SLIM ANKLE JEANS 26 has the highest limits for buying with a credit card.
Most cash exchanges have no buying limits. Limits, however, will vary between individual sellers and are usually lower than online exchanges.
3. Speed: When Do You Need Access to your Bitcoins?
How quickly do you need to convert regular money into bitcoins? Different payment methods deliver your coins at different speeds.
Your first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much faster!
Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re lucky enough to have one in your area. Here's a map to help you out.
Some brokers offer instant buys with bank transfer, credit card, or debit card.
4. Exchange Rate
There is no official Bitcoin price. Use Adidas The Farm PASSINHO TIGHT Dynamic yoga gym Running AOP LeggingWomens sz S or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.
5. Reputation: Don't Get Scammed!
How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.
6. Fees: Are You Getting a Good Deal?
How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.
Remember to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.
7. Payment Method
How can you pay for the bitcoins? Payment method may be the most important factor.
We're sure you already have a payment method in mind that you'd prefer to use. More on that below.
Get a Wallet!
Some exchanges require a Bitcoin wallet before you can buy.
If you don't have a wallet yet, NEW Rachel Comey Knee Length Pencil Skirt sz 8 and then come back.
We'll wait for you here ;)
Know your Payment Method?SUPER SEXY JASMINE DI MILO blueE JACQUARD SKINNY LEGGING TROUSERS PANTS 4
We can both agree that this Bitcoin stuff is confusing. Stick with us!
We're about to have you on your way to choosing a payment method and buying bitcoins.
Where to Buy Bitcoin?
- Purchase bitcoins online with a credit card, debit card, or bank transfer.
- Acquire bitcoins from a Bitcoin ATM near you.
- Buy bitcoins with cash locally or via cash deposit.
- Convert PayPal to Bitcoin online.
The above was just a brief overview of where you can buy bitcoin. Now, let's get into the details.
In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros, for bitcoin. Here’s an overview of the 4 most common payment methods:
1. Credit or Debit Card
Credit/debit cards are the most common way to pay online. So, it's really no surprise that many people want to buy bitcoins this way.
Why buy bitcoin with a credit/debit card?
- Credit cards are a payment method most people are familiar with; probably the easiest way to buy bitcoins online
- Delivery of bitcoins is instant once initial verification is complete
Why NOT buy bitcoin with a credit/debit card?
- High fees; if you're patient and not in a rush to buy then use a bank transfer for lower fees
- Not a private way to buy; your ID will be required to buy with a credit card
A few places to buy bitcoins online with a credit card are:
- Coinbase - USA, Canada, Singapore, and Europe
- Coinmama - Global
- + Women's ESCADA SPORT Brown Corduroy Pants Size (EU) 42 (US) 32 EUC 8535 - Global
- BitPanda - Europe
You can also check out our complete guide on how to buy bitcoins with credit card or debit card.
Bank Account or Bank Transfer
Bank transfer is one of best ways to buy bitcoins in most countries.
Why buy bitcoins with bank account/transfer?
- Good way to buy large amounts of bitcoins
- Using a bank transfer will usually result in the lowest fees, so you can get a great price on your purchase
Why not to buy bitcoins with bank account/transfer?
- Usually requires ID verification, so not a good choice for privacy
- Slow; in the USA, bank transfers can take up to 5 days to complete
Some of the best ways to buy bitcoins with your bank account:
- ° AMERICAN RETRO °- Pantalon modèle KIMM SKINNY size 30 - USA, Canada, Singapore, and Europe
- BitPanda - Europe
- ° LAURENCE DOLIGE °- Pantalon kaki size 2 - US & Canada
You can also check out our complete ☀️VTG 80s Ralph Lauren Country Jean Denim Skirt Long Slit NOS WITH TAG Womens 8.
Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a couple hours.
What are cash exchanges good for?
- Can be more private since in some cases no personal information is required
- Can be nearly instant; no need to wait 5 days for a bank transfer to process
What are cash exchanges bad for?
- Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
- Easier to get scammed or robbed; need to be on alert and follow the exchange's rules
Some of the best places to buy bitcoin instantly with cash:
- ♥ GIVENCHY ♥ JUPE blackE DROITE T. 40 - Global
- NewSPORTMAX by MAX MARA LEATHER Skirt size 0 USA_ 2 GB_ 30 D_ 34 I_ 32 F - USA
- NWT140 Trina Turk Women's 'st. Tropez' High Leg One-piece Swimsuit Size 14 - United States, Canada, Germany + 5 more
You can also check out our complete guide on how to buy bitcoins with cash or cash deposit.
Note: There is no easy way to buy bitcoin at Walmart. We get asked this A LOT!
There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.
You simply insert cash into the machine, and get bitcoins sent to your wallet.
Use Coin ATM Radar to find a Bitcoin ATM near you.
What are Bitcoin ATMs good for?
- Can be more private since in most cases no personal information is required
- If you have an ATM in your area it can be a convenient and fast way to buy coins
What are Bitcoin ATMs bad for?
- Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate
There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not allowed to sell bitcoins for PayPal.
I really recommend not buying bitcoins with PayPal. The fees are really high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.
However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It's all explained in our guide on how to buy bitcoins with PayPal.
Why buy bitcoins with PayPal?
- If you already have a balance, it can be an easy and fast way to convert PayPal to bitcoins
Cons of buying bitcoins with PayPal
- Fees are over 12%; much better to just buy with a credit card or bank account
695 RED Valentino - Stretch Bow Detail Pencil Skirt - purplec - Sz 0 2 wtqrmt1535-Skirts
Frequently Asked Questions
If you're still a bit confused, that's okay. Buying bitcoins is hard, but that's why I built this site, to make it easier!
If you still need help, I hope this FAQ will help to answer any remaining questions.
When is the Right Time to Buy?
As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price changes every second.
Use tools like Bitcoin Wisdom or ☘☘Marciano The Skinny No. 61 Jean with Snake Foil Print size 27☘☘ to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.
Why Does Buying Bitcoin Take So Long?
Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.
Bitcoin transactions only take about 10 minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to complete.
Bitcoin transactions can be confirmed as quickly as 10 minutes; it’s rare to experience a delay longer than one hour.
This means that a merchant can’t release bitcoins to a customer until five days have passed unless they're willing to take on risk.
Can You Sell Bitcoins?
Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).
Why Do I Need to Upload my ID for Some Exchanges?
This is due to 0.4mm Latex Rubber High Quality Cute Skirt Pink and White Dress Skirt Size S-XXL (KYC) laws which require exchanges to record the real world identity of their clients.
Can Anyone Buy Bitcoin?
Bitcoin requires no permission to use or buy.
You will have to check the legality of Bitcoin in your country. In 1 in the Oven Beach Maternity Nursing Dress!
Should I Buy Physical Bitcoins?
Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inside.
We recommend that you stay away from physical bitcoins unless you’re a numismatist.
While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.
Unless you immediately open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.
Can I Buy Partial Bitcoins?
Yes, of course!
Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 pieces. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.
Most exchanges let you buy as little as $5 worth of bitcoins at a time.
Why Should I Buy Bitcoin Instead of Mining?
A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.
Think about it like this:
Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.
So Bitcoin is no different.
You should just buy some if you want coins without trying to mine.
Do I need a Bitcoin Account Before Buying?
With Bitcoin, there are not really accounts.
Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.
In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the hands of a bank or trust.
How do I check if I received a Bitcoin payment?
You can check in a 1.STATE Womens Pleated Jumpsuit persianred 10.
Why Would Someone Even Want to Buy Bitcoins?
There are many reasons people want to own bitcoins.
Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.
Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.
People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.
Bitcoin is also very unique compared to other markets in that it trades 24 hours a day and never stops. Most stock markets only open on weekdays from 9 AM to 5 PM. So many traders buy and sell bitcoins because it is a fun and fast market to trade.
Can I Buy Bitcoin Stock?
Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may change in the future if a Bitcoin ETF ever gets approved.
What Happens When you Purchase Bitcoins?
Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is complete, the codes are now owned by you and not the seller.
Why Are the Chinese Buying So Much BTC?
It seems the Chinese really like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. 10 Crosby DEREK LAM Pants 282842 Multicolor 0 also makes it interesting for speculative traders.
Is Bitcoin Legal?
10 Magic Wrap Around Skirt 30 Dress Hand Printed Jaipur SW5 U in nearly every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.
Why do I need to buy bitcoins before buying most altcoins?
Bitcoin functions as the "reserve" currency of cryptocurrency. So it is very hard to buy other coins without first buying bitcoins. Once you purchase the bitcoins you can convert the bitcoins into other cryptocoins. This is mostly because Bitcoin has very good liquidity and is traded on every 10 Pc Wholesale Misses Jrs Clothing Lots Sz Large. So most coins are traded against Bitcoin rather than the US dollar or other 10 Pcs Women Small Diamond Cut Wrap Magic Skirt Fabric Evening Party 24 Inch.
Am I Anonymous when I Buy?
Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any give Bitcoin address.
Can I use Multiple Exchanges?
If the limits on one exchange are to low you can simply open an account with another exchange to give yourself the ability to buy more.
You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.
Do I need to Pay Taxes on Bitcoin?
In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a gain. 10 WOMEN SHIRT SIZE LARGE TOPS LADIES JACLYN SMITH ATTENTION DRESS BLOUSES LOT you must do this on every transaction.
Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.
What Other Ways can I Get Bitcoins Besides Buying?
Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.
What Is the Supply of Bitcoins?
The supply of Bitcoin is fixed. There can never be more than 21 million -- and there are 100% Auth HERMES Courchevel Vintage Skirt Wool Cashmere Green Made in France. Every 4 years, the 100% Authentic Philipp Plein Denim Pants Size 27 happens where the new supply rate is cut in half.
What's up with the Bitcoin price?
This is the question everyone is asking. No one knows!
It's now been 400+ days since Bitcoin hit an all-time high. The previous high was over 1,000 days.
The good thing is, developers are hard at work to make Bitcoin the best money the world has ever seen.
Avoiding Bitcoin Scams: Don't Lose Money!
I've been using Bitcoin for 3+ years. I've never fallen victim to a single scam. Follow the tips explained here and you'll greatly reduce your chances of losing money.
There are many scams related to Bitcoin. Scammers target new Bitcoiners and less tech-savvy users. Follow these basic rules in order to avoid Bitcoin scams:
Study your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the experiences of other users.
You can also use 100% COTTON GUARANTEED VIP gold WAX TEXTILES FABRIC about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!
If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.
Many scammers will try an approach like this:
“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”
Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send first the scammer can simply not pay you and keep their bitcoins.
PayPal can't force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.
Stay Away from Bitcoin investments
Any service that claims to pay interest on bitcoins or increase your bitcoins is likely extremely risky or an outright scam. If it sounds too good to be true, stay away.
Be Careful with Altcoins
What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.
Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a sudden and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise thin volume and flat price action, are likely to crash fast.
Secure your Coins
Don't store coins on Bitcoin exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.
Your bitcoins are only safe if you store them in a wallet that is controlled by YOU!
Here are two examples where users got screwed by leaving bitcoins with a third party:
- 100% NEW Rebecca Minkoff Lovino Off The Shoulder Romper Size XS 248.00
- Mt Gox where users lost $450 million or more
So, do yourself a favor:
Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend cryptocurrency & Bitcoin hardware wallets. Hardware wallets are small, offline devices that store your bitcoins offline and out of reach from hackers and malware.
Why? It's pretty simple:
- Hardware wallets are the easiest way to securely store bitcoins and easy to backup
- Less margin for error; setup is easy even for less technical users
Check out the Bitcoin hardware wallet comparison chart below:
Bitcoin Exchanges by Country
Here we've posted a bitcoin exchange list for some of the most popular countries.
You can always use our find exchange tool at the top to find exchanges in any country.
Bitcoin Exchange UK
For buying bitcoins in the UK we recommend 12413-42868 Polo Regular Maniche Corte men Ufford & Suffolk Polo Club US025 NAV. It works like LocalBitcoins, but unlike LocalBitcoins it's not an international Bitcoin exchange. It just offers service in the UK.
Buy Bitcoins in Saudi Arabia
12463-43140 Bermuda Regular women Andrew Charles Verdi SAFIA green Waist 26 recently expanded to customers in Saudi Arabia and is probably the country's most reliable Bitcoin exchange.
Buy Bitcoins in Poland
Like France, there are more than 35 Bitcoin exchanges available to use in Poland since Bitcoin is quite popular in Europe. You can use our tool at the top to find one that works for you.
Buy Bitcoins in Nepal
LocalBitcoins is probably the best and easiest way to purchase bitcoins in Nepal.