The Bit coin is the most popular crypto currency of the time, and priced near the highs of this year, more and more people seek to own the virtual currency. There are multiple methods by which you can acquire Bit coins, including setting up an ASIC miner to mine the coin yourself, paying for a professional mining contract, or exchanging another crypto currency for it. Or you can simply buy Bit coins with cash. This is possibly the best way to transform legal currency into Bit coins.
As Bit coin is a fully digital virtual currency, the novice buyer might be a bit confused about where to start. The overwhelming number of bit coin exchanges makes it difficult to limit yourself to only the best options out there. From the top six trading sites in 2014 to over 200 in 2017, it’s no surprise that many get lost when researching where to get their first bit coins.
We have selected the best sites to buy Bit coins during this 2020, and among the hundreds of exchange platforms and online brokers that we have reviewed, we have been left with 7 great alternatives that have a long history and enjoy an excellent reputation.
How to buy Bit coins?
The most common way to buy the currency is through an online broker as Coin base or CEX.IO . These allow users to use a credit or debit card to exchange dollars or euros for Bit coin. Coin base – for example – has an excellent track record as it has exchanged more than $ 20 billion in cash in Bit coins, and has support in 32 countries.
You can subscribe to these as you would subscribe to any website. First, enter your name, email address, and a strong password. You will then need to connect your bank account, buy bit coin with debit card, or credit card and set up two-factor authentication to protect your account. Once you have done this, you can start investing in bit coin. Whichever service you decide to use, you will be able to access a graph showing how the value of Bit coin has changed over time.