[Tutorial] How to buy Bitcoin? - Buy Bitcoins News profitable bitcoin Mining
  • [Tutorial] How to buy Bitcoin?

    You have been accompanying the Cryptoner for some time and this is always listening to buy and sell bitcoin, watch the news and even accompanied our previous tutorials that taught you how to create a Bitcoins wallet . 
    buy bitcoin

    But now you feel ready for the next step, which is to buy your bitcoins . This is a guide for you that thinks about doing this.

    Understanding Bitcoin Terminalogy

    Before buying we need to know a few things about bitcoin. The first that we will address are bitcoin units or fractions, these units are analogous to our money as R $ 1.00 is a Real and R $ 0.01 is a penny. Bitcoin also has some fractions, and then some of the most common:

    Satoshi is currently the smallest subdivision of a bitcoin (1 BTC ) that is 100 millionths of a bitcoin. In numbers would be 0.00000001 BTC. This name of satoshi is very common and was collectively associated in honor of the original and enigmatic creator Satoshi Nakamoto .
    Micro-Bitcoin  is also a very frequent division in the middle of bitcoin and concerns 1 millionth of bitcoin, which in numbers would be 0.000001 BTC. Some people say that Micro-Bitcoin can be called Bit as well.
    Mili-Bitcoin or popularly called mBTC or MiliBits, which refers to 1 thousandth of bitcoin which in number would be 0.001 BTC.
    But why do we talk about Satoshis, Micro-Bitcoins or MiliBits? Well because now you are a new buyer of bitcoin, and you can basically get any of these fractions. Not being necessary to acquire a whole Bitcoin, you can acquire if it is worth by the rates a satoshi if you want or can buy 10 thousand satoshis or 4,5bits or any amount since no smaller than a satoshi .

    Well, once you understand the fractions of the coins, we can talk about how to buy botcoins.


    How To Buy Bitcoins


    You can buy your bitcoins from exchanges (like a "currency exchange"), or directly from people ( P2P ). Both models allow you to convert your Reais / Dollars / Euros, in short, your cash into bitcoins. Let's go to the two scenarios by buying from an exchange or buying from an individual.

    This may interest you : How to buy Bitcoins with credit /Debit Card


    What are Botcoin Altcoin Exchanges?


    Exchanges are basically sites where users register to sell bitcoins (which may have been purchased or mined) and buy bitcoins (as in the case of you reader). Some exchanges work only with bitcoin while others trade a variety of cryptocurrency .

    In most exchanges it is necessary to fill in a relatively basic register, generate a user password and some authentication processes. There are still some steps that depending on the amounts involved in the transactions, you need to send copies of documents to avoid fraud. But in some, especially those from outside Brazil , and those that operate with other crypto-coins, it is not necessary to send documents.


    Which Bitcoin Exchanges to use?


    This goes for personal taste of each, but first of all see what other users have been talking about each of the exchanges. On the Bitcoin.org site  he lists several exchanges as a separate country suggestion and lists some Brazilian exchanges , but you are not stuck doing business with exchanges in your country of residence. You are free to do business with anyone you want.

    See that each exchange can charge a fee both to negotiate their real in bitcoins and to withdraw their Bitcoins to USD, here is a comparison we made of the Brazilian exchanges . Also be aware how the deposit of the Reais is made, sometimes brokers do not accept cash deposit, only DOC or TED, or even credit card. Again see what is best for you.

    But it's worth a look at some exchanges:

    Braziliex
    BitcoinToYou
    FoxBit
    Walltime
    Kraken
    Bitstamp
    Attention beware of your safety !!!

    Take great care especially in internet operations regardless of your degree of mastery of the online tools, there are many scams and frauds in the square, first of all, you need to know how to protect your accounts use strong passwords with uppercase and lowercase letters, numbers and symbols a password Different for each account / site. If possible activate 2FA at all. Have a good antivirus. Never go into suspicious sites and check if the site you are entering uses encrypted connection being HTTPS.


    Buy Bitcoins At P2P


    In this scenario we will address face-to-face, P2P or otherwise known as "over-the-counter" ( OTC ) trading . For example, if you live in a city, prefer anonymity, or do not want bank hassles, the easiest option to get bitcoin is to make a face-to-face trade with a local seller.

    There are online services that help you to search for bitcoin dealers next to you like LocalBitcoins  a site where those transactions are organized and have their prices relatively negotiated. The site also provides an escrow service as an additional layer of protection for both parties. You can also see in MeetUp if there are no groups organizing to make transactions with bitcoins.

    In this mode of buying bitcoin one must observe the security for buyers and sellers, especially if the transaction is of considerable values. Obviously always find yourself in a public place do not meet in houses or shady places and take all the precautions you used to take when walking with large amounts of money. Remember that if you're meeting face-to-face somewhere, you'll need access to your bitcoin wallet. Whether it's a smartphone, tablet or laptop, you'll also need internet access to confirm the transaction.

    Conclusion

    I hope to have helped you to buy bitcoins safely, good luck and good deals.

    What did you think of these tips? Leave your opinion in the comments section below.