In this video we discuss how to buy bitcoin – this is the second video in our Bitcoin Education Series – subscribe to our channel to get a free education and stay informed.
These are the questions we answered:-
How do I buy Bitcoin?
What do I need to get started?
Where can I buy Bitcoin from?
Do I have to pay cash or bank transfer?
Can I pay with my credit card or PayPal?
How does an exchange work?
What does Escrow mean?
Is there a limit to the amount of Bitcoin I can buy?
Can I only buy from a local exchange?
How long does the buying process take?
Is it safe to keep my Bitcoins in an exchange wallet?
What is an OTC platform?
How does it work?
What are the risks?
Can I also sell my Bitcoin on this platform?
How do I connect with these traders?
Do I pay first before I get my Bitcoin?
What are the risks?
What are my next steps?
Tutorial on how to buy Bitcoin on Localbitcoins
Here are links to exchanges:-
OTC platform that connects buyers with sellers – LocalBitcoins – Worldwide – https://localbitcoins.com/?ch=4hki
Bitpesa is in some African countries – https://www.bitpesa.co/
BitOasis is covering the UAE. https://bitoasis.net/en/
Coinbase – one of the largest exchanges based in USA https://www.coinbase.com/join/571adab7d0190f06140003b1
Kraken based in the USA – https://www.kraken.com/
Far East – https://www.okcoin.com/
Bitfinex – one of the largest exchanges – https://www.bitfinex.com/
BitX – South Africa/Nigeria/Singapore/Indonesia https://www.bitx.co/in/za/en/
Gemini – USA, Canada and UK https://gemini.com/
New exchanges are opening all the time – select the one that suits you and operates in your country.
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If you missed Video 1 – Get watch it by clicking the link below.
What is Bitcoin? – https://www.youtube.com/channel/UCE1Y1LP64040veaEbdIYKYw
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Thank you for watching our Education Series, hope they help to get you up to speed and joining the Bitcoin Revolution!
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