Learn how to exchange bitcoins

Choose an exchange service.

The least difficult method of obtaining bitcoins is using an online exchanger. The approach that an online bitcoin exchanger takes is highly equivalent to the method that currency exchangers take. All you have to do is register online and convert your fiat currency to bitcoins. You can locate numerous online bitcoin exchangers, the ideal option for you is to choose exactly where you are. Here I am going to offer you a list of the most stable and recognized online bitcoin exchangers:

CoinBase:

It is most likely the best known. This exchanger will offer you exchange, wallet creation and bitcoin trading services. They actually have mobile apps so you can easily buy or exchange your bitcoins even more easily.

Circle:

By creating an account there, you will be able to store, receive, send and exchange your bitcoins.

Xapo:

This organization will send you a debit card so that you can use your bitcoin in your preferred fiat currency.

Some exchange services also allow you to exchange Bitcoins.

Some of these exchange services will allow you to exchange your bitcoins. You will find Bitcoin exchange services that limit the amount of purchase and sale of bitcoins each day. Many of these exchangers and wallet systems hold digital and fiat currencies for you, extremely identical to what regular bank accounts do. These exchangers and wallets are incredibly good in the event that you expect to enter the trade and don't necessarily have to be 100% anonymous.

Provide proof of your identity and contact information to the service.

As soon as you sign up for the online bitcoin exchange service, you will need to provide your personal information to properly generate your online account. Many countries need members to meet the anti-money laundering criteria, therefore you must present proof of your identity. You should be aware that online bitcoin exchangers will not give you the exact degree of security that banks can offer. On other worlds, you may not be protected from hackers or get a refund, in case the online bitcoin exchanger closes. This obviously depends entirely on the exchanger, some have more powerful security systems than others and some are even more economically stable than others.

Buy Bitcoins with your exchange account.

Now that you complete the setup of your online Bitcoin debit card exchange service account, you will need to link it to your bank account so that you can easily send and receive money between the two platforms. Moving cash from your bank to the online platform and vice versa may require a fee. You should read all the details on this matter in the online exchange systems and in the help / FAQ parts of your banking platform. There are exchangers that allow you to personally make a deposit into your bank account. In one way or another, it is extremely wise for you to choose an online exchange platform, based in your country, some exchangers may also limit their members to register only if they live in the exact country where they are located. However, there are exchangers that allow you to transfer cash to overseas accounts, remember that the fees may be higher if you choose to continue this approach, plus it may include a delay in getting your money.