In this article we will learn how to buy Bitcoin in different ways, with different payment methods and without spending mind-boggling amounts. When thinking about how to buy Bitcoin, there are dozens of possibilities to choose from, however, it is easy to understand how less advanced users who have just entered the world of Bitcoins and want to start their crypto adventure, all of this can be a bit. 'overwhelming and / or frustrating, as some concepts escape your understanding when trying to get Bitcoin.
If you want to know how to buy Bitcoins with a credit card, bank transfer, in cash or for example with PayPal and from countries such as Italy or any other part of the world, you are in luck, just read below!
Why should i buy Bitcoin now?
Today the need to buy Bitcoin or trade with digital currency is becoming more and more important. In addition to using Bitcoin as an investment, many of its buyers also want to ensure a fast, safe and efficient method of transacting, regardless of the country they are in.
Bitcoin offers all this, but the most used and known today are the platforms to invest with highly profitable profits. The high volatility of Bitcoin on the market makes it one of the most sought after assets in recent years.
Since Bitcoin is a virtual currency, there are also other ways to invest, for example, using Bitcoin trading robots and making automatic investments to make a profit. Robots are very popular these days, an example being the German Bitcoin Billionaire.
What is the best platform to buy Bitcoin?
This is the most important question you can ask yourself if you want to buy Bitcoin or simply where to buy Bitcoin. Without a shadow of a doubt, in this market we see scam programs appearing every day, but below we have listed the best options for those who want to buy Bitcoin in Italy.
eToro is a platform to buy Bitcoin, sell and invest, which offers the best technologies available on the market for its clients. With an intuitive and easy-to-use platform, eToro features many assets to trade such as stocks, commodities, foreign currencies and, of course, cryptocurrencies. EToro's resource availability is one of the largest in the world and its platform is used by millions of people in over 170 countries, and offers mobile applications for Android and iOS operating systems. Gained popular for its "Copy Trading" and "Social Engineering" feature, eToro allows users to copy the trades of more experienced traders into their accounts.
Advantages offered by eToro to buy Bitcoin:
- Regulated platform
- Easy to use
- Social trading
- Advanced tools
Coinbase is an international company that guarantees a platform for buying and selling digital assets. Its platform is one of the best known in the world and many users sign up to invest, as Coinbase also acts as a Bitcoin wallet and for other cryptocurrencies. According to the Coinbase website, its services have already satisfied over 10 million customers. The app operates in 32 countries and the digital assets they have on their platform include Bitcoin, Ethereum, Ethereum Classic, 0X, BAT, Bitcoin Cash, Litecoin, and fiat currencies.
Buying Bitcoin with Coinbase is simple, here are some advantages:
- Popular platform
- Accept VISA and MasterCard
- Coinbase Pro
LocalBitcoins is a platform for direct person-to-person (P2P) exchange of Bitcoin and other cryptocurrencies whose company is based in Finland. LocalBitcoins is just an intermediary that provides its platform for a secure currency exchange. In addition, it offers a scoring system for evaluating buyers and sellers and also offers announcements and news. LocalBitcoins is a secure platform, a guarantee that both parties receive their share.
Advantages offered by LocalBitcoin to buy Bitcoin:
- P2P platform
- Excellent guarantee
- Low market prices
Purchase Bitcoin with a credit card
About 2 or 3 years ago it was really complicated to buy Bitcoin prepaid card / MasterCard or VISA credit card, but thanks to the growing popularity of the main digital currency, some portals have decided to open this service to users who required more flexibility to buy Bitcoin by card. credit cards from different countries.
Here's how to buy Bitcoin if you are in Italy or another area of Europe with a credit card:
- Open an account in one of your favorite brokers (we recommend eToro to buy Bitcoin anonymously by credit card, PayPal or Neteller).
- Within the eToro site you will only need to verify your email address and your phone number to make a withdrawal.
If you have chosen Coinbase, you will need to verify your email, phone number and identity by providing a copy of your identity document. There are 3 simple steps everyone should follow to buy Bitcoin with Postepay and other prepaid / credit cards.
- After the checks the site will tell us that we need to add a payment method, in this case we will choose a credit card.
- We insert all the details of the card in the respective boxes.
- Buy Bitcoin and welcome to the crypto adventure!
Buy Bitcoin with PayPal
Buying Bitcoin with PayPal is not as easy as doing it with a credit card, but you can do it without any problems, read on. Do you want specific guidance on how to buy Bitcoin with PayPal or how to change your Bitcoins, I recommend you read our guide on how to exchange Bitcoins for euros.
If you've already read our guide on how to buy Bitcoin, you will already know that eToro is our preferred platform and also accepts PayPal as a payment method.
Many internet users charge their services and / or products for PayPal and have a PayPal balance willing to invest, so I bring you this little guide to acquire BTC with PayPal balance through VirWox.
Buy Bitcoin by bank transfer
To buy Bitcoin in the bank / wire transfer there are many platforms, however, it must be added that it is one of the slowest (but cheapest) methods available on the market, as the fee for a bank transfer is generally lower than the fee for the bank transfer. purchase by credit card or Paypal.
Here's how to buy Bitcoins in Kraken and CEX.io by bank transfer:
Buy Bitcoin in cash
Yes, you can also buy Bitcoin with cash and if you keep reading, you will know how. Buying Bitcoin with euros has some advantages such as making the transaction more private and faster when it comes to acquiring Bitcoins without requiring a long wait for the verifications of most exchanges.
There are several possibilities to do this, but today I'll show you the simplest two:
Buy Bitcoin with an ATM
The rise of Bitcoin is more than just a media boom. The world economy is starting to adapt to cryptocurrencies and it is not uncommon today to buy Bitcoin via ATMs.
Buying Bitcoin with cash is a process that has advantages, but also some difficulties. One of them is that you have to deal with people who live and manage, and this can be a bit complicated or even outdated.
When buying Bitcoin from an ATM, you don't have to match or agree the price with a person, you just have to go to the nearest ATM and buy your BTC. Here's how to do it:
- Scan the QR code of your Bitcoin wallet
- Perform identity verification
- Indicate the amount you wish to buy / invest
- Perform the transaction
Currently there are more and more cities that present this way to buy BTC immediately, however, there are not enough of them yet and we are sure that more will arrive in the coming years.
There are portals such as Bitcoin ATM Map or Coin ATM Radar that offer information on the location of ATMs to buy Bitcoins in cash.
The most popular brands so far in terms of Bitcoin ATMs are: Lammasu, Robocoin, Genesis1 and Bitaccess, all with fairly similar characteristics, including commission rates that mostly equate to 1% for each transaction.
It is important to note that some ATMs allow you not only to buy BTC, but also to sell them.
Is trading Bitcoin or buying Bitcoin the same thing?
No, trading Bitcoin means signing up to a platform and speculating on the change in the price of the cryptocurrency, while buying Bitcoin means buying digital currency in the true sense of the word, but through an exchange.
Do I have to pay taxes when buying Bitcoin?
No fees, only commissions that may be applied by some websites when depositing or withdrawing money. However, in recent times, especially through electronic means of payment, the commissions are practically zero.
Is buying Bitcoin legal?
Yes, it is perfectly legal to buy Bitcoin and as its value is set to rise in the future, it is also highly recommended to do so.