How to Buy Bitcoin as a Beginner

For the following reasons, Bitcoin is a more brilliant choice than national currencies and the fractional reserve banking system: lower price (transaction costs much lower than bank transfers) more convenient (you avoid the bank/credit card company intermediaries by transacting directly).

 As a beginner, you will need a crypto exchange to acquire Bitcoin, where buyers and sellers meet to trade money for coins. There are a lot of different exchanges out there, but as a beginner, you will want to choose one that has a good mix of ease of use, low fees, and strong security. So, how you can buy Bitcoin following Beginner guides?

Buying Bitcoin on Binance 

Binance is better suited to those who are familiar with bitcoin terminology and investment alternatives, whereas Coinbase is designed for quick and simple trading. Both exchanges offer mobile apps with different features. For example, the Binance and Coinbase apps on Apple's App Store get 4.7 out of 5 stars.

How can I buy Bitcoin on Binance?

Creating a Binance account

First of all, you will need to create a Binance account, and submit your information including full name, country, email address, and phone number. Then, you will require to do KYC in order to verify your account and secure it from attackers.

Adding a Fund

Users can make deposits using Fiat or Spot.

Obtaining a digital coin address is required when depositing using Spot (Crypto). Users, on the other hand, can buy Bitcoin and deposit with a Visa card. While there are various ways to deposit via Peer to Peer, this is the most popular.

Buying Bitcoin on Binance via Converting

This step is the easier way to buy Bitcoin without any risks and with 0 fees. Simply click on the "Trade" following with ''Binance Convert'' like this example.

Buying Bitcoin on the Market ( Trading )

When it comes to buying or selling Cryptocurrencies, trading Bitcoin on the market is the most well-known method.

And here, you should select the Stable Coin like USDT tether, and select an amount you want to buy ( up to $10 minimal ). then you can buy.

Furthermore, you can choose the price value of Bitcoin or any cryptocurrencies.

Let's say the current price of Bitcoin is $20,000, but you wish to buy at a cheaper price. You can choose whatever amount you want to pay for your assets, such as ($19,000 BTC), and the robot will acquire it for you when the price reaches that figure. As a result, cryptocurrency traders have figured out the best way to buy and sell.

Buying Bitcoin via P2P

A Peer-to-peer (P2P) service is a decentralized platform that allows two people to communicate directly with one another without the need for a third party to intervene. Instead, the buyer and seller use the P2P service to transact directly with one another. 

On Binance, you can buy Bitcoin via peer-to-peer (P2P) for a safe method and may pay 0.5 in fees.

Here, to avoid any risks, I recommend you to watch my video on YouTube following simple guides for beginners.

Conclusion

In conclusion, buying Bitcoin is one of the most straightforward and well-known transactions available today. Before purchasing any token, make sure to follow all of the processes outlined in this article and carefully analyze the pricing.