How to transfer money to Bitcoin: a simple instruction for everyone

Cryptocurrencies have captured almost the entire information field: they appeared on exchanges, in loyalty programs, and on the Internet of things, so every person needs to have at least basic knowledge of how cryptocurrencies work. And one of the most pressing issues on the Internet right now is how you can exchange money for Bitcoin. We’ll talk about this in detail? Because it will be helpful for you in our journey into the world of trading! Ready? Go to it with CopyRage!

Why do you need bitcoin?

Any cryptocurrency is an investment. Like gold, gems, and antiques. And the most popular cryptocurrency for this is Bitcoin. Its price is not very stable, but for three quarters it has shown steady growth, and experts promise a tremendous rise in the price of this coin. Conclusion: you need to buy bitcoin now until the price of it has skyrocketed. How to do it? There are several options, each of which has its own characteristics and subtleties:

• exchange;
• private purchases;
• mining.

In this case, your first step should be to create a wallet in which you will store your bitcoins.

Exchange money for crypto — how?

You have a wallet, some cash, and desire. What to do next? How to transfer money to the desired cryptocurrency (in this case, we are talking about bitcoin)? You have several options that have their pros and cons:

• online exchangers;
• specialized cryptocurrency exchanges;
• terminals;
• exchange with other coin holders;

Let us dwell on each option in more detail.

Exchange: Pros and Cons

Cryptocurrency exchanges are portals that specialize in exchanging fiat funds (dollars, euros, rubles, and so on) for specific coins. The choice of an exchanger depends on whether there is a payment system of your choice on it. Yes, it’s fine, it remains to read reviews, see which exchangers have less commission and make the exchange. In order to decide which site is most interesting to you, we recommend using any exchanger aggregator. All information about each site on it is in a simple table. By the way: the site also has a bitcoin faucet (distribution of free cryptocurrency) in the lower-left corner.

The most popular exchangers:

• Coinmama;
• Indacoin;
• Changelly.

The indisputable advantage of exchangers is the speed and ease of exchange. The downside is the ability to get into scammers and the risk of payment data leakage. Therefore, we strongly recommend using only trusted sites with numerous positive reviews.

How to choose an exchange

Using cryptocurrency exchanges is another popular way to get bitcoins for fiat funds. Cryptocurrency exchanges work on the same principle as their stock and currency namesakes, I formulate a proposal based on the market situation.

In any case, during trading on the exchange, you will be able to get both more or less favorable price and it depends on the general rate for cryptocurrencies and bitcoin. As we already said, use the CoinMarcetCup portal to find out the market value of BTC and other coins at the moment. We advise you to choose only trusted exchanges and focus on the lowest bitcoin value indicators.

ATMs and terminals

Not the most common, but dynamically developing method of exchanging and buying bitcoins. So far, there is a few ATMs and terminals capable of exchanging, but their number has already exceeded one hundred in the CIS countries. You can find out where the nearest terminal that exchanges for cryptocurrencies are located on the CoinATMRadar website. Of course, in Europe, the number of such ATMs is much higher, and a trip on vacation can be combined with the exchange of fiat for crypto.

Bitcoin withdrawal and sale

If you figured out how to buy bitcoin — do not rush to close this article. You must immediately understand how to get it out. Ways to sell are exactly the same as purchases, only in the opposite direction: these are exchanges, exchangers, terminals, transactions on exchange sites.

Pitfalls on sale are exactly the same as on purchase: hidden commissions of exchanges and exchangers, fraud, but the main rule of cryptocurrency sale is not to give your private key number to anyone. Remember this and after the first acquaintance with any method of selling a cryptocurrency, you will feel confident and calm.

In addition to a simple withdrawal of funds, you can invest bitcoin in:

• Cloud mining. Buying power on online platforms, you can earn much more in the foreseeable period than just by making a one-time exchange;
• Trading. This option is risky and requires some experience, as well as knowledge of the theory and knowledge of cryptocurrencies. However, playing on courses of different coins can bring real income almost instantly. And again, in order to follow the rates of the main cryptocurrencies, we recommend that you use the CoinMarketCup service.
• Payment for services. Many bookmakers and trading floors in Europe accept cryptocurrencies and bitcoin in particular. This method of paying is interesting because the services offer good discounts on crypto payments, so there is a real opportunity to save.

Bitcoin and your future: instead of results

Whatever you decide to do with bitcoin — to buy, sell, store or exchange, you will find a vast ocean of possibilities. Bitcoin can allow you to significantly increase your income if you do not take rash actions. Therefore, to consolidate the material, we will repeat the rules for working with cryptocurrencies:

• Don’t rush to the first advantageous offer;
• Use only proven sites;
• Actively participate in the life of the crypto community and stay tuned;
• Choose your service provider carefully
• Do not panic when falling or sharply increasing the exchange rate.

Using our instructions and these simple rules will allow you to calmly and carefully buy Bitcoin, ether and other cryptocurrencies, increasing your wealth and creating a good foundation for your future. It sounds simple, but it is. Join the crypto community and get rich — we will help you!

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