If you are looking to buy Bitcoin with cash, you need to find a trader in your local area first. Then, arrange a meeting and make the payment for the amount and wait until you receive your bitcoins.
So, how long does it take to buy Bitcoin with cash? It can take up to 24 hours for the transaction to be verified on the Bitcoin network. It is not instant but is an easy and private way to buy Bitcoin using cash.
For buying using Paypal, the amount will be transferred into your account immediately
For buying using Credit or debit cards, it takes a few days for verification and processing on both ends of the transaction.
If you’re looking to buy bitcoin, first get a cryptocurrency wallet. There are plenty of wallets available on the market, but if you want to use any of the exchanges in this list, make sure to get an ERC20 compatible wallet.
For example, if you’re using Coinbase, then any of those suitable for storing Ethereum will do.
English is the Universal Language of Commerce
The international language of commerce is English and yet there are some countries that have declared English as an official.
Coinbase is the world’s largest Bitcoin broker with over 6 billion dollars exchanged.
3 simple steps to Buy Bitcoin
1. Get some cash in your bank account
2. Link the account to Coinbase
3. Order your Bitcoin on Coinbase
How to start on CoinBase
1. Go to coinbase.com
3. Enter your email and password
6. Verify your email
8. Click on “Buy/Sell Digital Currency”
10. Click on “Create Account”
How to start on coindesk
1. Go to coindesk and make an account
2. Register with your social security number
3. Verify your documents and wait for verification
4. After verification the next step is heading up to coinbase.com and create an account
1-go to the signup a new user tab, fill out all the fields, make sure you add a password that has at least: @@1. upper case letters
3- Add a payment method
Before you can buy Bitcoin you will need a place to store it. You need to set up a Bitcoin wallet that will look after all of your private information.
This wallet is nowhere near your bank account because it does not use the same banking system.
You can store your Bitcoin on the Internet in a digital wallet that you can access from anywhere in the world, or at the very least on a device that you have complete control over, like your laptop or phone.
Creating an account was also a piece of cake. Just follow the steps Above.