As our Bitcoin Betting Guide as pointed out, Buying Bitcoin does not have to be an esoteric process. Two of the major trading platforms, LocalBitcoin and Coinbase, have made it easier than ever to do commerce with the digital currency. Here is a step by step guide on how to buy Bitcoin on both of these platforms.
How To Buy Bitcoin on LocalBitcoin
Your first step is to set up an account on LocalBitcoin by visiting the registration page. You will be guided through the steps to create an online wallet. No additional applications are needed in order to store bitcoins if you use LocalBitcoin; however, you can move your coins to another wallet after a purchase.
After your registration is complete, the main page of the app will contain a box with a tab that says "Quick Buy." You will fill in the following four variables to set up your purchase:
- Amount of bitcoin to purchase
- Your currency
- The region in which you would like to trade
- Whether you will consider all online offers as a payment method or filter them in some way