Where to buy BTC for the first time

In our first-timers series we have already covered how you can buy ETH and make an ETH transaction. Time to learn about BTC!

Note: The information provided is based on the sources listed on Bitcoin.org. Bitcoin.org was originally registered and owned by Bitcoin’s first two developers, Satoshi Nakamoto and Martti Malmi

BTC Exchange

TradingImage

There are multiple crypto exchanges where you can buy not only BTC but also other coins. Maybe you’ve even heard about such international trading venues as Kraken, Coinmama or Coinbase. Bitcoin.org lists many more of exchanges, and on their page you might find the exchange operating from your country.

To compare prices, fees and features, you might also want to check out the Cryptoradar website to choose the option that fits you the best.

Browse a p2p directory

p2p

You’re probably wondering, what’s the difference between a p2p exchange and other exchanges on the list? With a p2p protocol, you can sell and buy BTC, just as any other crypto, from private individuals. Those p2p exchanges let us keep a profile low and do not share any personal information during the purchase process.

These are three most popular p2p exchanges out there:

Use a BTC ATM

bitcoinatm

If you live in a big city, there is a very high chance, this pretty ATM machine is somewhere around. Check out the Coin ATM Radar website to locate the nearest ATM.

Surprisingly, there are more ATMs out there than you might think.

  • At least one machine you can find in a Russian city of Samara
  • There are two of them in the city of Almaty, Kazakhstan,
  • One in Manila, Philippines,
  • And many more in Western Countries.

Important note

As Bitcoin.org states, with multiple exchanges, be very much prepared to varying degrees of  safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Want to set up a BTC wallet right now? Give a try to Blockchain Wallet we’ve reviewed in a separate blog.


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice

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