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A Complete Guide on Buying and Selling Bitcoin

 

Bitcoin is the latest type of digital currency that was created back in 2009. There is no information about the person behind its creation, but an alias, Satoshi Nakamoto, is often associated with its introduction. The most amazing thing about bitcoin is that there is no middle person involved. It means you can transfer money without a bank, transfer service, or person, and surprisingly, it is much safer than regular money exchange, transfer, and deposit online. Despite the popularity and trend of using bitcoin, there is not much information about buying bitcoin. Buying bitcoin requires any fiat currencies, for example, USD. It can also be purchased through other types of cryptocurrencies. Here are some of the options to buy and sell bitcoin.

Buy It from Our Website

  • Create an account on our website.
  • Open our official “Buy Bitcoin” section.
  • Select the type of currency that you want to purchase.
  • Choose your payment mode, i.e., USD, Euros, or other cryptocurrencies, and add the exact amount.
  • Double-check all the entries.
  • Add information regarding your wallet.
  • Complete this purchase and click Continue.
  • Provide your payment related details and complete the deal.

Buy It from the Bitcoin Phone App

  • Open your App store and search for the Bitcoin.com wallet app.
  • Download it on your device.
  • Click the ‘Buy’ option in green color to purchase Bitcoin Cash (BCH).
  • Click the ‘Buy’ option in orange color to purchase Bitcoin (BTC).
  • Read the instructions on how to deposit coins in your wallet and Continue.
  • Complete the identity verification to finish the purchase.

 

Buy BCH from Peer-to-peer Trading Platform

  • Visit local.Bitcoin.com and sign up as a new user.
  • Search for a seller who wishes to sell his Bitcoin cash (BCH) or create an order to buy BCH.
  • Initiate the trade with any selected seller and discuss the details.
  • After the seller completes sending BCH to a blind escrow account, complete the payment at your end (either through bank or any other method).
  • Wait for confirmation from the seller to receive funds.
  • The BCH will be released immediately after the seller verifies and will be added to your digital wallet.

Exchange it With Another Cryptocurrency

  • Search for a reliable cryptocurrency exchange and create a new account after proving your identity.
  • Follow the protocol to buy BCH and BTC from the website.
  • Transfer your coins to the exchange’s wallet, and Bitcoin will be added to your account.
  • Move Bitcoin to your digital wallet.

How to Sell Bitcoin?

Sell it through our website (Only for Europe)

  • Visit our webpage to sell bitcoin.
  • Choose the currency and amount which you wish to sell.
  • Select your accepted currency, i.e., Euro/ Pound Sterling, and quote your offer.
  • Review the added details and click the Continue button.
  • Add your payment details to receive payments.

Sell BCH at a Peer-to-peer Trading Platform

  • Go to Local.Bitcoin.com and sign up as a new user.
  • Search for a buyer who is interested in Bitcoin Cash (BCH).
  • Initiate a trade with a selected buyer and transfer your BCH into a blind escrow account.
  • Confirm that you have received the payment after the buyer sends it.
  • The BCH will be released to the buyer’s account.

Exchange it With Another Cryptocurrency

  • Visit any cryptocurrency exchange that you trust and create your account by proving your identity.
  • Follow the website’s protocol to sell BCH and BTC.
  • You can either receive fiat money or another cryptocurrency in exchange for your BCH or BTC.