Purchasing Bitcoin at Trading Sites
Trading with Bitcoin has become a very popular occupation as millions of people have registered to its network. The reason why so many are open to this particular activity is that Bitcoin is extremely profitable as it is valued between $30,000 and $40,000.
There are two ways to earn Bitcoins. You can choose to mine it or to purchase it directly from trading sites. In the past couple of years, mining has been on a small decline in popularity due to the fact that even though it is referred to as a free way to earn Bitcoins, it comes with a lot of expenses behind the scenes.
Purchasing Bitcoins at trading site is the better option as it is much easier and hassle-free. That is exactly the topic that we wanted to discuss in this article. We are going to provide you with a guide on how to buy Bitcoins at these platforms. Without any further ado, let's dive into the details.
Finding a Reputable Site
First of all, you need to make sure that you find a reputable trading site where you can register and connect with buyers. There are two ways to check the reputation of a platform of this character. First, you need to check its profitability rate. The better it is, then the more satisfied the users are.
Secondly, you need to read both expert and user reviews. Expert reviews will provide you with information on what the trading site has to offer, while user reviews are first-hand experiences that registered traders had at that particular site. If they conclude that the trading site is solid, then you can proceed to the next step.
Registering and Verifying Your Identity
If you want to use the services of the chosen trading site, you need to register. Luckily, the process of registration at reputable platforms such as Bitcoin-Profit.org is very fast and simple. All you have to do is supply the trading site with some basic information such as first and last name. Thanks to the fact that trading sites are very secure, you can rest assured knowing that sensitive data will be kept out of harm’s way.
After you’ve successfully registered, you will be most likely asked to verify your account. Each trading site has different guides on how to verify your profile. Some might ask you to check your email and verify it through that channel, but some might also ask you to send photos of an ID card/passport and/or utility bill where your first and last name, as well as the address, can be clearly seen. Trading sites might also ask for a photo of your face.
Choosing a Payment Methods
Once you’ve registered and verified your profile, you will be able to connect with sellers from all around the world. But, if you want to purchase Bitcoins, you need to select a payment method. In most cases, people choose credit and debit cards due to the fact that they are extremely safe and reliable. It is also worth noting that you can select e-wallets and other cryptocurrencies. The array of accepted methods varies from one trading site to another.
Why Trade With Bitcoin?
Finally, we wanted to end with an explanation of why you should always trade with Bitcoin. This digital asset is superior to other cryptocurrencies. It is far more valuable, has greater liquidity, is more stable, focuses on security more than any other cryptocurrency, and it is accepted as a payment method at many companies, including global brands such as Expedia, Microsoft, Shopify, and Overstock.
As you can see, not only can you use Bitcoin to trade and make a profit, but you can also use it to purchase various products and/or services.