How to Buy Bitcoins – here is a step-by-step guide to buy And Sell bitcoin Anywhere
Bitcoin has became one of the most popular crypto currencies in the world and has a gaining number of applications every day. In case you are also looking to find out how to buy bitcoins and sell bitcoins currency in your country, Doesn’t matter where you from. here’s a step-by-step guide for you:
Choose your bitcoin wallet
There are many online ways to buy bitcoins and are stores in an online wallet in digital form. You can select from various bitcoin exchanges platforms, such as Zebpay, Bitxoxo, Unicorn, Coinbase etc. Just you have to select wallet based on features, platforms they can be used on, and security etc.
Create Bitcoin Wallet Account
Just now we have talked about BitCoin Wallet, Now you can create your account by registration on the selected bitcoin service provider. There you will get secure place to store your bitcoin, there you can do easy payment method to covert your local currency in bitcoin for buy bitcoins and sell.
Buy bitcoins and sell bitcoins
for example you have created bitcoin wallet account in zebpay, Now let me explain that how to buy bitcoins and how to sell bitcoins ? when you will open zebpay app there you will find two menus like buy and sell. Before selling, you will have to buy bitcoins first Lol. so, just click on buy and there you will have to deposit amount in zebpay wallet, which will transfer from you bank account to zebpay wallet. You can deposit any figure. You can buy bitcoins with credit also.
Now let’s go for sell bitcoins. After buying bitcoins, If you want to sell bitcoins then just simply click on sell and enter number of bitcoins or price and just proceed.
Interested in Bitcoin? Beware of these risks
- Crypto currencies are not regulated
- Bitcoin transactions are irreversible
- Beware of fake Crypto currencies
- Fraud agents
Crypto currencies are not regulated
The Bitcoin and other crypto currencies are not regulated by governments in most of the countries. Recently, Reserve Bank of India also issued a statement stating that it is uncomfortable with “non-fiat” crypto currencies like Bitcoin. Any user, holder, investor or trader dealing with any crypto currency then they have to do on their own risk.
Bitcoin transactions are irreversible
when you create bitcoin wallet in any bitcoin wallet app there your money kept on one type digital wallet with one public key and private key. Public key is your mobile number and private key is your username and password. Just think if you forget your wallet username or password then what will happen with your money. there is no any option to withdrawal that amount after forgetting username or password. In case some one hacked your bitcoin wallet then also you cant do anything to recover your amount. balance transfers of Bitcoins are also irreversible. That’s why RBI already announced that if anyone want to invest in crypto currency, just do it on your own risk.
Beware of fake crypto currencies
As crypto currencies are not regulated, is gets difficult to distinguish between fake and real. So, before trading in any crypto currency, you should look into the underlying project, market cap and past performance. Research and analyze more about the currency before investing.
There are many online crypto currency platforms available. There you will find many fake agents who use to sell crypto currency with the promise of high returns. So, if you want to keep your money safe, it is better to deal with exchanges that are registered on bitcoin.org.