How to buy Bitcoin

Important note: This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

1. Choose which exchange you would like to use to continue. These are my recommendations because I personally use them to buy bitcoins; they are licenced and regulated; secure, and I am an affiliate :)

​CEX.IO - Worldwide coverage; 99% of countries; Higher Limits

How to buy Bitcoin using CEX.IO

2. Click here to go to CEX.IO or click this link - https://cex.io/r/0/up108290373/0/ 
Click "REGISTER" on the top menu.C

3. Enter your email address and a secure password. Check the Terms box. Tick the CAPTCHA box. Finally click the "REGISTER" button.C

4. You will now be asked to set up 2-factor authentication (2FA) for your new account. It is strongly advised not to skip this step, as 2FA makes your account far more secure. We recommend using the 'Smartphone App' option.

5. Once your security has been set up, you'll be taken to your account dashboard.
Before you do anything else, go to your personal email account as there will be an email from Cex.io asking you to click a link to verify your account. Click it.
You will be taken to a page telling you your email has been confirmed. Click 'Go back to the site'.

6. Look for your user ID in the top menu (hint: it will start with "up"), hover your mouse over it and in the drop down menu click 'Verification'.

7. Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so.Complete the Cex.io verification process by supplying your personal information and uploading your ID.

8. Once you're verified, click the 'Deposit' button along the top menu.You now get to choose how you'd like to deposit money

Via credit/debit card
If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit. 
Via bank transfer
This option takes a few days for the transfer to arrive but has no commission fees.
Via Cryptocapital
This option is to be used if you already have your own bitcoin wallet

​Choose the method you prefer and follow the instructions to deposit your money.

9. Once your money is in your account, click 'BUY/SELL' on the top menu.Choose 'BTC' and the currency you'd like to buy it in (Dollars, Euros, Pounds or Rubles).
You will be offered some pre-calculated amounts of Bitcoin, or you can scroll to the bottom of the page and input the amount of Bitcoin you'd like to buy in the 'Custom amount' box.
Once you've decided, click 'Buy':

10. You'll be asked to confirm your buy. Check everything looks correct and click 'Confirm the order' :

11. Congratulations- you now own some Bitcoin! Press 'Ok' :

​12. Congratulations! You now own some Bitcoin. Now you need to decide where you're going to store it. There are three options:
 
a) Keep it on CEX.IO.
This is the easiest option, and pretty safe (as long as you enable 2-factor authentication). But exchanges have been hacked before, and many people simply prefer having their coins under their own control.
 
b) A desktop/software wallet.
There are plenty of wallets out there, for desktop and mobile, and a full list of Bitcoin.org approved wallets can be found here (https://bitcoin.org/en/choose-your-wallet) for download.
Storing your coins in a wallet on your computer or mobile device is as safe as you make it. You are in complete control over the security of your coins so if you lose or forget your password you can lock your coins away forever, or if your device is hacked and security compromised you can be vulnerable to having your coins stolen.
So, choose this option only if you're confident you have good security practices and are sufficiently technically minded. A simple desktop wallet for Windows is “Electrum”.
 
c) A web or hosted wallet.
This type of wallet is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. My recommendation is “Blockchain.info” and in the next section I provide a brief guide to register and setup your Blockchain.info wallet, and then show you how to transfer your bitcoins from CEX.IO Exchange to your personal wallet. Other personal web based or hosted wallets out there include MyCelium, Xapo, BitPay, Coinsbank and Coinapult.
 
d) A hardware wallet.
Another line of defence to keep our coins from being siphoned out of our wallets is essential and this is where hardware wallets come in. Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world. To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins. My recommendation for a hardware wallet (long term solution) is to either buy the Trezor or Ledger Nano S.

How to transfer and store your Bitcoin using Blockchain.info

This is one of my own recommendations because I personally use them to store some of my bitcoins; they are licenced and regulated in Luxembourg; secure; and have an easy-to-use Android and Apple application that syncs perfectly.

13. Go to the Blockchain.info wallet (https://blockchain.info/wallet/) website and Click “Get Started”.

14. Enter your email address and a secure password. Check the Terms box. Finally click the "CONTINUE" button.

15. As with CEX.IO, you will now be asked to set up 2-factor authentication (2FA) for your new Blockchain.info account. It is strongly advised not to skip this step, as 2FA makes your account far more secure. 

16. Once your security has been set up, you'll be taken to your account dashboard. Before you do anything else, go to your personal email account as there will be an email from Blockchain.info asking you to click a link to verify your account. Click it. You will be taken to a page telling you your email has been confirmed and redirected to your dashboard wallet.
​

17. Your wallet is now open. Congratulations! Press 'Receive' to find your wallet address - it's a long string of letters and numbers. Copy this somewhere safe as we'll need it soon.

18. Go back to CEX.IO.
​Press 'Withdraw' on the top menu.
Under 'Select currency and amount' click 'USD' and select 'BTC' in the drop down menu.
Input the amount of Bitcoin you're sending.
In the box labelled 'Enter the recipient's address below' paste your Blockchain.info Bitcoin wallet address we saved earlier from step 17.
Once you've looked everything over, click the check box to confirm you've double checked everything is correct.
Press 'Withdraw'.

19. You will be asked for a 2-factor authentication number. Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'. I use Google Authenticator as I have an Android phone.

20. Go to your personal email and click the link CEX.IO has sent you. This will send the coins on their way. 

21. Now you simply have to wait for the Bitcoin to travel from your CEX.IO exchange wallet to your Blockchain.info wallet. This generally takes between 5 to 20 minutes, but on busy days can possibly take a couple of hours. Once it has arrived, it will show in your Blockchain.info 'BTC Wallet' and the transaction will be viewable too.
 
22. Congratulations you have now made your first bitcoin transfer and your bitcoins will now be in your own personal wallet to store and SEND to others.

Now you are ready to invest your bitcoins in trade opportunities that we personally have invested in to as well

​For more information visit our personal link here
All the necessary slides and an excellent video tutorial is available. Please review these and then FB messenger (preferred) us if you're ready to invest your bitcoins and earn more bitcoins daily.
Thank you for your time and consideration, and we look forward to you joining our team.
By CryptoKnowledge
Contact us

​​COINBASE - Operates in 32 countries; Lower Limits

2. If you use this link to sign up to Coinbase we'll both receive ten dollars of free bitcoins when you spend over $100 (or the equivalent in your currency). 

3. Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.
Coinbase is regulated by the US government, just like other US banks and financial institutions, and therefore has to follow strict financial rules. Verifying your identity is very important and even though it's frustrating, it does give Coinbase a reputation for being the one of most trusted exchanges in the market to convert fiat currency to cryptocurrency.

4. To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.
Using a credit/debit card means higher fees but offers instant purchasing.
​Using a bank transfer is cheaper but slower (taking up to a week to get your coins).

5. Once your ID and payment details have been verified, click 'buy/sell' on the top menu.
Select 'Bitcoin', and at the bottom of the page choose how much to spend in your local currency / how many coins you want to buy.
​Once you're happy with the amount, click the 'Buy' button.

6. You'll be asked to confirm your purchase. Press the 'Confirm Buy' button. Congratulations! You now own some Bitcoins.

7. ​Congratulations! You now own some Bitcoin. Now you need to decide where you're going to store it. There are three options:
 
a) Keep it on Coinbase.
This is the easiest option, and pretty safe but exchanges have been hacked before, and many people simply prefer having their coins under their own control.
 
b) A desktop/software wallet.
There are plenty of wallets out there, for desktop and mobile, and a full list of Bitcoin.org approved wallets can be found here (https://bitcoin.org/en/choose-your-wallet) for download.
Storing your coins in a wallet on your computer or mobile device is as safe as you make it. You are in complete control over the security of your coins so if you lose or forget your password you can lock your coins away forever, or if your device is hacked and security compromised you can be vulnerable to having your coins stolen.
So, choose this option only if you're confident you have good security practices and are sufficiently technically minded. A simple desktop wallet for Windows is “Electrum”.
 
c) A web or hosted wallet.
This type of wallet is hosted by a third party. They are often much easier to use, but you have to trust the provider to maintain high levels of security to protect your coins. My recommendation is “Blockchain.info” and in the next section I provide a brief guide to register and setup your Blockchain.info wallet, and then show you how to transfer your bitcoins from your Coinbase Exchange wallet to your personal wallet. Other personal web based or hosted wallets out there include Xapo, BitPay, Coinsbank and Coinapult.
 
d) A hardware wallet.
Another line of defence to keep our coins from being siphoned out of our wallets is essential and this is where hardware wallets come in. Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world. To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins. My recommendation for a hardware wallet (long term solution) is to either buy the Trezor or Ledger Nano S.

​How to transfer and store your Bitcoin using Blockchain.info

This is one of my own recommendations because I personally use them to store some of my bitcoins plus ethereum; they are licenced and regulated in Luxembourg; secure; and have an easy-to-use Android and Apple application that syncs perfectly.

8. Go to the Blockchain.info wallet (https://blockchain.info/wallet/) website and Click “Get Started Now”.

9. Enter your email address and a secure password. Check the Terms box. Finally click the "CONTINUE" button.

10. You will now be asked to set up 2-factor authentication (2FA) for your new Blockchain.info account. It is strongly advised not to skip this step, as 2FA makes your account far more secure. 

11. Once your security has been set up, you'll be taken to your account dashboard. 
Before you do anything else, go to your personal email account as there will be an email from Blockchain.info asking you to click a link to verify your account. Click it. You will be taken to a page telling you your email has been confirmed.
​

12. Your wallet is now open. Congratulations! Press 'Receive' to find your wallet address - it's a long string of letters and numbers. Copy this somewhere safe as we'll need it soon.

13. Now, return to Coinbase. 
​Click 'Accounts' from the top menu, then find your Bitcoin wallet listed on the left.
​Click 'Send'.

14. ​In the 'Recipient' box, paste your personal wallet address we saved earlier from Blockchain.info wallet in step 12.
In amount, type how much Bitcoin you wish to send (there is a 'use max' option if you wish to send it all).
Click 'Continue'.
Coinbase may ask you to confirm with your password/phone. Follow the instructions until it confirms the Bitcoin are sent.

15. Now you simply have to wait for your Bitcoins to travel from your Coinbase Exchange Wallet to your Blockchain.info Personal Wallet. This generally takes between 5 to 20 minutes, but on busy days can possibly take a few hours.
Once it has, it will show in your Blockchain.info 'BTC Wallet' and the transaction will be viewable as well.

16. Congratulations you have now made your first bitcoin transfer and your bitcoins will now be in your own personal wallet to store and SEND to others

​Now you are ready to invest your bitcoins in trade opportunities that we personally have invested in to as well

​For more information visit our personal link here
All the necessary slides and an excellent video tutorial is available. Please review these and then FB messenger (preferred) us if you're ready to invest your bitcoins and earn more bitcoins daily.
Thank you for your time and consideration, and we look forward to you joining our team.

​By CryptoKnowledge
Contact us