Buying Bitcoin

Buying Bitcoin



How can I buy Bitcoin?


There are many different ways to buy Bitcoin. On this page, we will take a look at the buying process on Bitcoin exchanges. Learn how such a purchase generally works, what requirements should be met and what to look out for. At the end of the page, we will also list some exchanges.

Disclaimer 1
If some basic steps are followed, the whole process of buying Bitcoin is very safe. Below are 7 steps for buying Bitcoins. It is especially common to negligently skip points 1, 5, and 7. Yet these are precisely the steps that contribute to significantly higher security.



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Buying Bitcoin is easy, yet some steps should be followed.


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Buying Bitcoin is easy, yet some steps should be followed.

How can I buy Bitcoins?


There are many different ways to buy Bitcoins. On this page, we will take a look at the buying process on Bitcoin exchanges. Learn how such a purchase generally works, what requirements should be met and what to look out for. At the end of the page, we will also list some exchanges.

Disclaimer 1
If some basic steps are followed, the whole process of buying Bitcoin can be made very safe. Below are 7 steps for buying Bitcoins. It is especially common to negligently skip points 1, 5, and 7. Yet these are precisely the steps that contribute to significantly higher security.



Purchasing Bitcoin - General Procedure

Buying Bitcoin - General Procedure


  • 1. Know the risks

    Before buying Bitcoin, you should be fully informed. When investing in a speculative market, be sure to familiarize yourself with the risks. A brief summary of these risks can be found here: Bitcoin Risks.

  • 2. Check prerequisites

    The requirements for successful registration on most swap meets are:
    Email address, address, mobile number, bank account (in your own name). For higher purchase amounts, further identification takes place through e.g. a short video interview or the PostIdent procedure, where a valid identity card or passport must be presented.

  • 3. Choice of exchange

    Exchanges differ in many ways: available payment methods, identification procedures, security, fees, available cryptocurrencies, clarity, setting options, regions and more. On this page, we focus especially on buying Bitcoins with common payment methods for users in Germany, Austria and Switzerland.

  • 4. Registration and Verification

    The registration process is usually very similar. First, a valid e-mail address must be entered and confirmed. This is followed by the assignment of a new and secure password. Personal data such as first and last name, address and mobile number are requested at the latest for the first purchase. For higher purchase amounts, additional verification conditions usually apply.

  • 5. Configure Settings

    For security reasons, it makes sense to activate 2-factor authentication (2FA) after registration, which can be found on most file-sharing sites under "Settings" or "Security". By enabling 2FA, your account is better secured. How to set up a 2FA is usually described on the platform itself. The setup is quick and easy.

  • 6. Buying Bitcoin

    The purchase also proceeds similarly:
    choosing the payment method → specifying the purchase amount → placing and confirming the order → making payment → receiving Bitcoin amount on the exchange. Sometimes the exchange account is first topped up and then the purchase is made.

  • 7. Withdrawal to a wallet

    Exchanges are always exposed to a certain risk from hacker attacks. Therefore, cryptocurrencies like Bitcoins should only remain on exchanges for a short period of time. You can learn how to manage your Bitcoins securely here: Storing Bitcoins.


Where can I buy Bitcoins?

Where can I buy Bitcoins?


Disclaimer 2

BitBeginner does not recommend that cryptocurrencies should be bought, sold, or held by you. Before you buy, please keep in mind that Bitcoin is highly volatile. Especially with cryptocurrencies, do not invest more financial resources than you are willing to lose. All information - even after careful examination - is without guarantee. Last update: May 2022


Bitcoin Reserve
Beginner friendly
80%

  • Receive $10 in Bitcoin
  • Bitcoin only
  • Based in Europe
Bitcoinreserve.com* →
Swan Bitcoin
Beginner friendly
80%

  • Receive $10 in Bitcoin
  • Bitcoin only
  • Based in the USA
Swanbitcoin.com* →
Pocket Bitcoin
Beginner friendly
90%

  • Save Bitcoin straight into your wallet
  • Bitcoin only
  • Built for recurring purchases
Pocketbitcoin.com* →
Relai App
Beginner friendly
90%

Relai.app →
Swan Bitcoin
Beginner friendly
90%

Strike.me →
Pocket Bitcoin
Beginner friendly
90%

Moonpay.com →
Bitcoin.de
Beginner friendly
25%

Bitcoin.de* →
Binance.com
Beginner friendly
30%

Binance.com* →
Bitpanda
Beginner friendly
85%

Bitpanda.com →
Kraken.com
Beginner friendly
30%

Kraken.com →
Bitstamp
Beginner friendly
40%

Bitstamp.net →
Bitfinex
Beginner friendly
40%

Bitfinex.com →