Bitcoin (BTC) a cryptocurrency based on the bitcoin, is currently attracting significant interest in the crypto market. As the Bitcoin ecosystem expands, it has established a notable presence within the bitcoin-ecosystem sector. More and more people are becoming interested in Bitcoin. They wish to invest or purchase Bitcoin (BTC), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Bitcoin. Regardless of your location, Bitrue can provide you with a simple and secure way to buy BTC.
Where and how to buy Bitcoin
When it comes to purchasing Bitcoin (BTC), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Bitcoin in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased BTC will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Bitcoin (BTC) through Bitrue.
Alternative methods to acquire Bitcoin
Apart from directly buying Bitcoin (BTC), what are the alternative methods to acquire Bitcoin ?
Fixed Auto-Investment in BTC
Regularly invest a fixed amount at scheduled intervals in Bitcoin (BTC) digital assets, enjoying both short-term returns and long-term benefits.
Staking BTC
Flexible staking of Bitcoin (BTC) digital assets to earn interest or high returns in other cryptocurrencies.
POW Mining
Bitcoin miners choose mining rigs or cloud mining with high GPU and CPU configurations, configure mining software, select mining pools, and start mining to earn BTC rewards.
Get Bitcoin (BTC) for free
If you have enough time, you can obtain Bitcoin for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Bitcoin (BTC).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Bitcoin.
- All cryptocurrency airdrops and rewards can be exchanged for BTC through coin-to-coin exchange or spot trading.
How to keep your Bitcoin safe and secure
Once you have purchased Bitcoin, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Bitcoin and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Bitcoin wallets, you also have the option to store Bitcoin (BTC) separately in a personal encrypted wallet. This wallet serves to keep your Bitcoin secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Bitcoin, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Bitcoin encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Bitcoin?
Bitcoin is one of many cryptocurrencies currently finding its way across the world of business and finance, Bitcoin is a cryptocurrency and was thought of as Internet money in its early beginnings. Unlike fiat currencies Bitcoin is considered a decentralized currency that means that a network of users control and verify transactions instead of a central authority like a bank or a government.
Bitcoin still works like real money one person pays another person for goods and services however once Bitcoin is exchanged, the record of the transaction is publicly recorded onto a ledger known as a blockchain, which other Bitcoin users known as miners verify the transactions in the blockchain via Proof of Work.
After a certain amount of transactions have been verified by a miner, they will receive newly minted bitcoins for their work and thus new bitcoins will be added into circulation, while the number of bitcoins in circulations are now in the multi-millions range, the maximum amount of bitcoins that can ever be created is capped at 21 million. The creation rate is automatically halved every few years as more bitcoins are added into circulation, whilst this system is modeled after gold, mining difficulty is always increasing and makes finding new bitcoins more rare as the number of available bitcoins reaches the 21 million cap.
As bitcoin has matured as a cryptocurrency there has been more companies warming to the idea of using various bitcoin exchange facilities to gain exposure to the volatile bitcoin price while a few websites such as reddit WordPress and overstock have begun accepting bitcoins, most major retailers have yet to take the plunge into the cryptoverse whils other pioneers have decided to create their own bitcoin forks and have listed new projects on other cryptocurrency exchanges.
How many Bitcoin are there in total?
The total supply of Bitcoin is 19,780,206 and the Circulating Supply is 19,780,206 .
Why are people buying Bitcoin?
People buy Bitcoin for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Bitcoin serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Bitcoin include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Bitcoin?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase BTC.
Should I buy Bitcoin?
Deciding whether to buy Bitcoin depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Bitcoin investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Bitcoin (BTC) may be a suitable investment choice. However, remember that all investments come with risks.
How much does it cost to buy 10 BTC?
To purchase 10 BTC, the cost in USD would be $888239.9.
How to use Google Pay to buy BTC?
Currently, Bitrue does not support purchasing BTC or adding fiat currency using Google Pay.
How to use Paypal to buy BTC?
Currently, Bitrue does not support purchasing BTC or adding fiat currency using Paypal.
What can I do with Bitcoin?
You can use Bitcoin to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Bitcoin?
If your Bitrue wallet does not hold Bitcoin, you need to deposit BTC into your Bitrue account. If you already have BTC, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of BTC you want to sell, select the selling price, confirm the sell order, and once your BTC is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Bitcoin (BTC) worth 1 US dollar?
In theory, Bitcoin (BTC) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for BTC is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.