How to Buy Bitcoin with Fiat Currency on Bithumb Global?
The price of Bitcoin is hitting new highs. For the first time in 3 years, Bitcoin price is rallying above $18,000 and if the key underlying support holds, the price is expected to surge further and cross the unprecedented $19,763, touched in December 2017.
The rapid increase in popularity attracted by the cryptocurrency market and DeFi ventures is the major factor contributing to the price increase. As more people become aware of the possibilities opened up by the decentralized assets, the mass adoption of cryptocurrencies and Bitcoin is to become a reality in near future.
If you are interested in buying Bitcoin, Bithumb Global hosts a user-friendly and glitch-free platform for you to do so through a variety of means. Located in Hong Kong, Bithumb Global is one of the leading cryptocurrency exchanges in the world. In addition to Bitcoin, the platform has listed 100+ cryptocurrencies.
Keeping up with the surge in popularity garnered by Bitcoin, Bithumb Global has launched a hassle-free system for you to purchase Bitcoin with fiat currencies. A number of fiat-to-crypto gateways are integrated on Bithumb Global to enable users to buy cryptocurrency using the fiat currencies in their hands. Currently, Bithumb Global supports 36 global fiat currencies, including the USD, EUR, AUD, CAD, GBP, INR, JPY, KRW, RUB, among others. This makes it easy for users from all across the globe to safely and seamlessly buy crypto assets using the fiat currency of their choice.
Let us take a look at how that works through these easy to follow steps:
Step 1: To buy Bitcoin on Bithumb Global, you need to create an account on the Bithumb Global website using your email address. Once you have provided your email address, you will be asked to create a strong password that contains lowercase and uppercase letters, numbers, and symbols. Make sure that the password is unique and is not used to login to any other website.
A verification code will be sent to your email address upon request. The registration process is only completed after the code is entered. Although you don’t need KYC verification to trade Bitcoin on Bithumb Global, you will need it to avail some other features on the platform.
Step 2: Log in to your Bithumb Global account and set up 2FA either through Google Authenticator or SMS to protect your account from hackers. The two-factor authentication will prevent anyone else from accessing your account as they will now be required to provide the 2FA code along with your password.
You need not set up 2FA to make trades, however, it is recommended for enhanced security. (Two-factor authentication is mandatory when you withdraw your Bitcoin.)
Step 3: Navigate to the “Fiat” tab on the left hand side of the top menu and click on “Buy Crypto”.
Step 4: You will be shown a drop-down menu of cryptocurrencies from which you should select Bitcoin.
Step 5: Choose the fiat currency for transaction and type in the amount you wish to invest.
Step 6: Choose your mode of payment. You can make the payment using bank transfer, Visa/MasterCard powered credit card, or choose from a variety of other integrated payment gateways.
Step 6: Click buy and select an exciting offer of your choice from Bithumb Global partners.
Step 7: Provide your payment details and make the payment through the third-party payment page you are taken to. Your part of the job is done now.
In the meantime, the exchange will convert your fiat currencies into Bitcoin in the backend and deposit it into your account in a matter of minutes.
Bithumb Global has made it easier than ever to purchase Bitcoin with fiat currency. Even if you are new to the crypto market, the user-friendly website and secure gateway will give you absolute peace of mind while trading.