How to buy Bitcoin: a step-by-step guide

October 7, 2022

In 2022, there are many ways to buy Bitcoin: exchanges, exchangers, apps. Especially for beginners, there are a lot of options, but they can be confusing. To understand it better, let's go through several methods in detail.

Buying Bitcoin with the help of the Any.Cash cryptowallet

Any.Cash is a multi-currency cryptowallet in Telegram. It works with the BTC we need, as well as with various fiat currencies (such as USD, EUR, UAH, and KZT). It is good for both beginners and experienced traders as it has many easy functions.

In order to buy BTC you need to:

1. Go to the Telegram-bot and increase the limits, depending on your needs;

2. Make deposit to the wallet;

The deposit method depends on the chosen currency:

🇺🇦 UAH: WhiteBit, KUNA, Visa or MasterCard;

🇺🇸 USD: capitalist, ADVCash, Perfect Money;

🇪🇺 EUR: Perfect Money.

3. After making the deposit, go to the "📊Exchange" section and buy BTC;

4. Choose the exchange direction;

5. Enter the desired amount and confirm the exchange.

Buying Bitcoin on the Binance exchange

Binance is the largest cryptocurrency exchange by trading amount. It has a huge number of services, which beginners should fall into gradually. There are also several options for buying Bitcoins, but we will focus on the more understandable one.

In order to buy BTC you need to:

1. Download Binance app to the phone;

2. Open the app and register there;

3. Go through the verification process;

4. Click on the Bitcoin line, which is located in the "Coins" section.

5. Press the "Buy" button;

6. Choose the currency for which you want to buy BTC and enter the amount;

7. Choose the payment method (if you are a beginner, it will most likely be a debit/credit card);

8. Enter your card details and click "Confirm";

9. Сonfirm the operation in your bank application;

10. Check whether BTC has been credited to the wallet.

Buying Bitcoin on the CoinMama platform

CoinMama is an international cryptoplatform that was created for beginners. You can quickly exchange bitcoin here, but it has its downsides. The platform only works with foreign currencies (i.e. USD, EUR, GPB, CAD, AUD) and has high fees.

In order to buy BTC you need to:

1. Go to the website (unfortunately, their program is only available for Android);

2. Register on the website;

3. Go through the verification process;

4. In the "Pay" line, choose the currency for which you want to buy BTC, and enter BTC in the "Get" line;

5. Enter the amount;

6. Choose the payment method;

7. Enter details for payment;

8. Enter your cryptowallet data;

9. Receive your BTC on a cryptowallet.