There are countless crypto currencies out there, we are crypto fans, and recommend researching more in your own time, however in this tutorial we are only going to focus on Bitcoin. 

Bitcoin, often referred to as digital gold, is a popular cryptocurrency that has gained immense popularity in recent years.

In this beginner’s guide, we’ll walk you through 2 different methods to buy Bitcoin- Bitcoin ATMs using cash and crypto trading platforms.

Buy Bitcoin with Cash

Bitcoin ATMs are one of the most anonymous ways to obtain crypto. They are like traditional ATMs, but they allow you to buy Bitcoin with cash. Here’s how to do it:

Locate a Bitcoin ATM: Use websites or mobile apps like CoinATMRadar to find a nearby Bitcoin ATM.

If you are purchasing a significant amount, we recommend spending some time researching rates, as the can vary from 1%-20% fees. 

Instacoin offers relatively low fees, and do not require any id verification.  

Visit the ATM: Go to the Bitcoin ATM’s location with your cash and your Bitcoin wallet address (not sure what that is? Check out our wallet guide and tutorial).

Select “Buy Bitcoin”: Follow the on-screen instructions to choose the “Buy Bitcoin” option.

Pay: Insert your cash into the ATM, following the machine’s instructions.

Provide Your Wallet Address: The ATM will ask for your Bitcoin wallet address. Scan the QR code

Confirm the Transaction: Verify the details and confirm the purchase.

Receive Your Bitcoin: Once the transaction is complete, you’ll receive your Bitcoin in your wallet.

You are now ready to order. If you still need more help, check out our paying with crypto guide. 

Using Crypto Trading Platforms

Crypto trading platforms are user-friendly websites and apps that allow you to buy, sell, and hold cryptocurrencies. Here’s how to get started:

Choose a Crypto Exchange: Select a reputable crypto exchange like Coinbase, Bitbuy, Kraken, or wealthsimple. Most of these platforms have either  mobile or web based options. 

Sign Up: Create an account by providing your email address, creating a password, and completing any required identity verification.

Deposit Funds: Deposit money into your exchange account using methods like bank transfers or credit/debit cards.

Buy Bitcoin: Navigate to the “Buy” or “Trade” section of the platform and select Bitcoin. Enter the amount you want to buy.

Review and Confirm: Check the details of your purchase, including the price and fees. Confirm the transaction.

Receive Your Bitcoin: Once the transaction is complete, you’ll see your Bitcoin balance in your exchange account.

Benefits of Cryptocurrencies:

Decentralization: Cryptocurrencies are not controlled by any central authority like banks or governments, giving you more control over your money.

Security: Blockchain technology ensures the security and transparency of transactions, reducing the risk of fraud.

Global Accessibility: You can access and use cryptocurrencies from anywhere in the world, 24/7.

Investment Opportunity: Bitcoin and other cryptocurrencies have shown significant growth in value, offering investment opportunities.

Buying Bitcoin is becoming more accessible to beginners, thanks to Bitcoin ATMs and user-friendly crypto trading platforms. Remember to research and choose reliable platforms and exercise caution when handling cryptocurrencies.