Home » how to buy bitcoin on blockchain

how to buy bitcoin on blockchain

Are you keen on finding out how to buy bitcoin on blockchain? If yes, then you have come to the right place as we will take you over everything you need to know related to bitcoins, blockchain and more. But before we get started, we would like to shed some light on the popularity of cryptocurrencies. Why are they so popular? Firstly, cryptocurrencies also known as digital currencies operate anonymously over blockchain networks without any third-party interference. Secondly, there are different types of crypto currencies to choose from including bitcoin, bitcoin cash, litecoin and more. Thirdly, these currencies are predicted to bring returns in the future.

Though we will tell you in detail about how to buy bitcoin on blockchain, you should know how blockchain works to understand better. Blockchain technology, also known as digital ledger, is a computing system that records all the crypto transactions taking place over different crypto or blockchain wallets and crypto exchanges. That said, bitcoin mining takes place every minute confirming the bitcoin transactions. This is done by the bitcoin miners who are the professionals in the field. For more detail, read below and know more!

Choose Where to Buy and Hold Bitcoin

There are different ways to buy bitcoins and other altcoins on blockchain. You can either refer to the best sites to buy cryptocurrency or traditional brokers, the choice is completely yours.

Best Websites to Buy Bitcoin

Here is a list of some of the best places to buy cryptocurrency.

  • Coinbase

Coinbase is one of the best places to buy bitcoin, this is especially applicable for US bitcoin buyers. It is not only compatible with major altcoins including bitcoins but also charge a small fee against each bitcoin transaction. If you are choosing Coinbase, you will also enjoy Coinbase Pro that is an advanced version tailored with more perks to help the crypto investors.

  • Binance

Binance tops the list when it comes to crypto exchanges and has a grasp on the entire global market. But it may not be suitable for beginners as the interface may seem a little complicated for the beginners. So, if you are interested, you should take expert guidance and then get started. Also, you can use your credit card in Binance and this feature is functional in some of the states of the United States.

  • Coinmama

Coinmama is another great crypto exchange that needs a minimum purchase of $60 and charges a fee of 5.9% against each transaction. Plus, it charges an additional 5% for credit card purchases.

Other Ways to Buy Bitcoin on Blockchain

The list isn’t over in fact there are other ways to buy bitcoins as well. This includes Bitcoin ATMs, Grayscale Funds, peer-to-peer bitcoin owners etc.

Important Note:

When you are buying bitcoins, keep important information handy including private key and public key. You should also choose a multi-signature account to ensure better security. It is wise not to use credit cards while purchasing bitcoins. Furthermore, always use a secure internet connection to avoid faulty transactions leading to loss.

How to Store Bitcoin on Blockchain

Now when you know how to buy bitcoin on blockchain, your next step is to find out how to store these currencies. Here is a list of blockchain wallets for your reference.

Hot Wallet

This wallet is available over the cloud and permits you to access it from anywhere at any place and at any time. As it is convenient, security becomes crucial to store bitcoin. Hot wallets can be used from desktops, iPads and mobile. Some of the hot wallet providers are Coinbase, Blockchain, Mycelium and Electrum.

Cold Wallet

Compact and encrypted handy device, cold wallet is one of a kind. It allows you to download and carry your cryptocurrency with you at your ease. Ledger Nano and Trezor are some of the cold wallet providers.

Buy Bitcoins

Once you have chosen the crypto exchange and the blockchain wallet, you can link them to conduct bitcoin transactions which includes buying, selling and managing bitcoins on the blockchain network. Also, remember to invest as much as you are willing to lose.

Manage Your Crypto Funds

You can either purchase bitcoins or sell them when the market rate goes up. On the other hand, you can invest and hold them for a long time, the choice is yours.

Contact Blockchain Customer Service Number

Whether you are facing bitcoin transaction issues or need more information on how to buy bitcoin on blockchain, feel free to connect with the experts. Call them on the Blockchain Customer Support Number and clear all your doubts to get started in the crypto world. You can also drop them a mail if you can’t call them right away. They will instantly help you with everything that you need. So, your days of waiting are over now!

Leave a Comment

Your email address will not be published. Required fields are marked *