How to Buy Your First Bitcoin (in 2 Easy Steps)

Buying Your Very first Bitcoin is Effortless!

Simply go after thesis steps and you’ll be investing ter the cryptocurrency market te no time.

Note: A common misconception is that you need to purchase an entire Bitcoin (also known spil BTC) at one time. This is not true! You can purchase any dollar amount you wish and you’ll be transferred a percentage of a entire Bitcoin. For example, spil of 13/11/2018, if you were to deposit $100AUD into CoinSpot, you’d get approximately 0.012 worth of Bitcoin ter terugwedstrijd. A $1000 deposit would give you 0.12 BTC, and so on.

1.) Create a CoinSpot (or Coinbase) Account

For Australian readers I recommend CoinSpot because it is Australian based and accepts POLi, BPAY and metselspecie. For international readers I recommend Coinbase spil it accepts numerous currencies (other than AUD). Both have low fees and are utterly effortless to use.

CoinSpot (for Australian readers)

  1. Go to https://www.coinspot.com.au?affiliate=YRNHJ
  2. Ter the menukaart, click ‘Register’
  3. Come in your preferred email and password. Te the ‘Referred by email’ inject [email protected]
  4. Click ‘Create Account’
  5. Once inwards your account, click ‘Account ->, Verification’
  6. Accomplish all steps ter your account including injecting your individual information and completing the verification process. Note: you cannot proceed to step Two below until CoinSpot have verified your account. This process can take anywhere inbetween 1-24 hours.

Coinbase (for international readers)

  1. Go to https://www.coinbase.com/join/5a14b331e149ab00ec3d33b7 (when you sign up with this verbinding and buy or sell $100 of Bitcoin or more, wij’ll both earn $Ten of FREE Bitcoin!)
  2. Come in your name, email address and password
  3. Click ‘Sign Up’
  4. Go to your email account and verify your email address
  5. Inject your phone number to verify your phone (a 7 digit code will be sent to you)
  6. Finish all steps ter the account settings including coming in your private information and completing the verification process. Note: you cannot proceed to step Two below until Coinbase have verified your account. This process can take anywhere inbetween 1-24 hours.

Two.) Deposit Funds and Buy Bitcoin

CoinSpot (for Australian readers)

You can deposit funds via POLi, BPAY or contant.

  1. Ter your CoinSpot account, click ‘Instrumentenbord’
  2. Click ‘Deposit AUD’
  3. Select your preferred payment method, inject the amount you wish to deposit, and click ‘Proceed’

Note: POLi is recommended because it has the lowest fees and the transfer of funds to your CoinSpot account is instant. Choosing POLi will permit you to loom ter directly to your bankgebouw account and instantly process the transaction.

  • Proceed through the steps relating to your chosen payment method
  • Once your funds show up ter your CoinSpot instrumentenbord (within a few seconds if using POLi), you’re ready to buy your very first Bitcoin.

    That’s it! Ter a few minutes you’ll have Bitcoin te your CoinSpot wallet. Thesis can be kept ter your CoinSpot wallet or transferred to another wallet/podium.

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