How Can I Buy Bitcoin?

How Can I Buy Bitcoin?

Buying Bitcoin may seem intimidating at first, but it’s easier than you think. In this guide, we’ll explore different methods to buy BTC, the pros and cons of each, and how to do it safely and securely.

1. Crypto Exchanges

The most common way to buy Bitcoin is through centralized exchanges like:

  • Binance
  • Coinbase
  • Kraken
  • Bit2Me (Spain)

You can register, verify your identity, and purchase BTC using a credit/debit card, bank transfer, or even Apple Pay.

Pros:

  • Beginner-friendly interfaces
  • High liquidity and real-time pricing
  • Various payment methods

Cons:

  • Require identity verification (KYC)
  • Your BTC is stored in a custodial wallet (you don’t control the private keys)

2. P2P (Peer-to-Peer) Platforms

Platforms like Paxful, Bisq, or LocalBitcoins connect buyers and sellers directly. You can pay via:

  • Bank transfers
  • Bizum
  • Cash
  • Gift cards

Pros:

  • Greater privacy
  • More flexible payment options
  • No middleman holding your funds

Cons:

  • Requires caution to avoid scams
  • Prices may vary depending on demand

3. Bitcoin ATMs

Bitcoin ATMs let you buy BTC using cash. Simply insert bills, scan your wallet’s QR code, and receive BTC.

Pros:

  • No need for bank account or card
  • Fast and convenient

Cons:

  • Higher fees
  • Limited availability

4. Apps and Neobanks

Apps like Revolut, Cash App, or Strike allow you to buy BTC easily. However, many don't let you withdraw BTC to your own wallet.

Tip: Always choose a platform that lets you withdraw Bitcoin to your own wallet. “Not your keys, not your coins.”

How Much Bitcoin Can I Buy?

You don’t need to buy a whole BTC. Bitcoin is divisible up to 8 decimal places, and the smallest unit is called a satoshi.

For example:

  • €10 = ~0.0002 BTC (at €50,000/BTC)
  • You can start with as little as €1 or €5

Safety Tips

  • Use trusted platforms and avoid scams.
  • Enable 2FA (two-factor authentication) on your account.
  • Withdraw BTC to your own wallet after buying.
  • Avoid sharing personal information or wallet addresses on public platforms.

Next Steps

Now that you know how to buy Bitcoin, the next step is creating a wallet to store it securely. In our next article, we’ll show you how.

At our academy, we’ll guide you through buying your first satoshis and understanding every step — from exchange to wallet.