Buy Bitcoins

Buy bitcoins easily and securely

buy bitcoinsFor people intending to buy bitcoins for the first time, it is often very complicated and the amount of available information is overwhelming. There are many different ways to store and buy bitcoins, they all differ in level of security, privacy and ease of use.

When you want to start using bitcoin, you have to find a way to store them and a way to buy. For people that want to start with bitcoin securely and easily and don’t mind to spend some money for setup we created a ‘fast track’. In his fast track you will use a hardware wallet.

Buy bitcoins fasttrack
Buying bitcoins and privacy
Ways to buy bitcoins
Buy the best hardware wallets

But bitcoins fasttrack

1: Choose and order a hardware wallet
2: Configure your hardware wallet using the manual
3: Go to an exchange, set the amount to buy and copy / paste your public key
4: Pay online and the bitcoins will be send to your wallet

This way to buy bitcoins for the first time is super simple and secure. When you still find it exiting, you can start with a smal amount. Now you own your bitcoins, you can investigate further how it works, but at least you have some already!

Buying bitcoins and privacy

Bitcoin is semi-anonymous. This means that a bitcoin wallet on default is anonymous, but when investigators manage to link a transaction to your name, they can track back all your transactions from the beginning of the blockchain. The blockchain is public, so all transactions can be seen by everyone. However wallets are not registered on name, but on a anonymous pubic key.

When you want to buy bitcoins anonymously, you have to take care that your public key can’t be linked to a bank account or other account on your name. This can be done by buying bitcoins with cash e.g. When your bitcoins are not anonymous, you can make them anonymous by sending them to a ‘mixing service’ and let them deposit on a anonymous wallet.

Another way is to exchange bitcoins into a anonymous coin like Zcash or Monero by using Shapeshift and exchange them back to bitcoin later and let them send to your anonymous wallet. A wallet is only fully anonymous when it is created on an anonymous browser like TOR.

Ways to buy bitcoins

There are different ways to buy bitcoins. Witch one is fitted for you is depending on how important safety, privacy and usability is and how you want to pay. There are 3 ways to buy bitcoins:

Bitcoin exchange

An exchange is one most regulated, safe and easy way to buy bitcoins. The only disadvantage is that your bank account can be linked to your wallet, so the privacy is not so good. At an exchange you can often pay by bank transfer or creditcard.

Cryptocurrency trading platform

A trading platform is a platform where you can create an account and trade between different (digital) assets. The advantage is that beside bitcoins you can also buy altcoins and other assets and store them on your account. Notice that it is risky to store your assets here, it is better to only trade and withdrawal your coins to your own wallet. A disadvantage is that your coins are not anonymous if you bought or held them on the platform.

Bitcoin marketplace

When you don’t want to pay by a regular method, want to buy anonymously or for deviating prices a bitcoin marketplace is the way to go. Here you can advertise or react on advertisements to buy or sell bitcoins for a by yourself decided price and the payment methode of your choice.

This way you can buy bitcoins with cash and your wallet will remain anonymous (bitcoin adres can’t be linked to a bank account). Here you can also buy bitcoins with less common payment methods like giftcards or pay pall. This way of buying bitcoins is least secure, so investigate what the risks are before you start! Localbitcoins is the most respected and trusted bitcoin marketplace.

Go To Localbitcoins
Buy Bitcoins
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