Best way to buy Bitcoin   

way to buy Bitcoin 

Bitcoin is the most purchased cryptocurrency in the world. In India, Bitcoin has 75% ownership among cryptocurrencies. You can use crypto in India to sell and purchase anything including a cup of coffee, or a house. Also, the best betting sites in India use Bitcoin for deposits, so you can bet on Roulette or Blackjack using this cryptocurrency. Casino customers can enjoy crypto spending without risks. Not all debit cards can convert and spend any digital asset instantaneously at the point of sale, but e-wallets can. Crypto can change its value very quickly, so there’s potential for gains and losses. Be sure you understand the crypto market, and way to buy Bitcoin  and sell carefully!

1.PayPal, the e-wallet for your Bitcoin

paypal-account

You can use the PayPal app to stay tuned to the fast-paced digital market of cryptocurrency. Using this e-wallet, you can buy Bitcoins within seconds. There is no limit funding in your PayPal balance to purchase Bitcoin. PayPal is safe because it guarantees you a full refund if your account gets hacked and your crypto is stolen. You will not use a digital key for your account, so the risk of losing your access to your Bitcoin account is deleted. PayPal offers you all the information you need about bitcoin, through the basic information and latest articles regarding this cryptocurrency. To buy, sell and hold Bitcoins with PayPal you have to register with PayPal. In India, making a PayPal account is free, just follow the registration steps, the verification steps and you will have a safe e-payment available anytime.

After your PayPal account is available you need to follow the next steps to get started with crypto:

  • Press the Finances button, and select Crypto from the dashboard. You will find a list of cryptocurrencies available for you. 
  • Choose Bitcoin, the first one on the list. Then tap Buy, and PayPal will verify your identity
  • If you have the necessary amount in your PayPal account, the buying process is finished in seconds. If you can pay in full, Bitcoins will be automatically available as a payment option.
  • Go ahead and explore crypto articles, so you can learn how digital currencies work
  • Select the crypto button, and check out the eligible purchases. There are millions of online stores worldwide that accept Bitcoin for online purchases. 

 If you choose to use PayPal for Bitcoin purchases, you will first need to check out your crypto account. This process is for your own safety. You will have to complete a W-9 tax form to use your crypto as a payment method. There will be no additional fee to convert the crypto amount into USD, or any other currency if you use the PayPal e-wallet. Just like with other payment options, PayPal offers fraud protection when using Bitcoin for eligible online purchases where PayPal is accepted. Also, PayPal offers you protection for Bitcoin deposits on the best betting sites in India.All crypto transactions are taxable, so PayPal will provide the necessary 1099 forms when you sell cryptocurrency.

  1. Coinbase, the safe way to buy, store and sell your crypto
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Coinbase is one of the most-used apps to store crypto, and also, it is a safe place to store digital collectibles (NFTs). You can use Coinbase to trade assets on Decentralized exchanges (DEXes) and earn interest. Bitcoin is the highest volume traded cryptocurrency on Coinbase, and also the best-rated crypto. 

Coinbase is a wallet extension available on the desktop that connects crypto apps and doesn’t require an account, so is easy to use. Think of it like a digital vault, where you can keep your Bitcoin, your digital card collection, and your trade assets, safely locked, under a digital key. Every key you have on Coinbase is protected with Secure Enclave, biometric authentication & optional cloud backups. Your private key can be kept safe on your phone, and it can be used to unlock your crypto savings. The app allows you to lend out your Bitcoin assets and provides you with a comparing rates method, so you can earn interest. 

With Coinbase you can easily exchange your Bitcoin for fiat currency. This is convenient for online gambling, if your bitcoins are not enough to play any casino game, you can convert your fiat currency and directly pay with Bitcoin. Coinbase is available for all the best betting sites in India. Your Bitcoin earnings from slots, poker, and dice can be moved to a vault, for safety. The vault is practically a  wallet, but it is secured by a digital key.

  1. Trading apps for Bitcoin

If you own Bitcoins or any other cryptocurrencies, first of all, you will want to trade them. Buying and selling crypto is a smart way to earn interest.  Use a cryptocurrency exchange app, it is easy, fast, and safe. Online trading services work similarly to a stockbroker, giving you a platform to buy and sell digital currencies like bitcoin. There are lots of trading online platforms, available on your computer, laptop but also on your mobile phone, as a mobile app. Etoro is a stock market with no commission and quick withdrawals. Another app for trading crypto is Capital.com, an award-winning broker that allows clients to trade with tight-spreads on over 4000 markets. You can trade your Bitcoins on Coinbase, Cash App, Crypto.com, Voyager, or BlockFi.

  1. Interactive Brokers has the lowest commissions for trading crypto 
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Interactive Brokers (IBKR) is an investment platform that allows you to invest globally in stocks, options, futures, currencies, cryptocurrencies from a single integrated account. You can trade assets denominated in multiple currencies, including Bitcoins. The commissions for trading crypto is 0.12% to 0.18% of trade value, with no added spreads, markups, or custody fees. Other crypto brokers charge trading fees as high as 2.00% of trade value or more. Also, other exchanges add spreads or markups to the cryptocurrency price. For example, for the $ 1.000 crypto cost trade, there is a $1.80 fee with IBKR/Paxos, but other three competitors on the broker’s market tax $3.5 Gemini Activetrader, $5.00 Coinbase, $10.00 Webull.

With Interactive Brokers you can access crypto markets through professional desktop, mobile, and web platforms. Cryptocurrency trade execution and custody are provided by Paxos Trust Company. 

 5. Bitcoin ATM

bitcoin-criptocurency

Bitcoin ATMs are very widespread, you can find them in malls, shopping places, etc. Is one of the easiest and quickest ways to buy or sell bitcoins. At the moment there are about 30 different types of bitcoin ATMs. 40% of all installed Bitcoin ATMs support two-way operations, and support sell operations.

Buying Bitcoins using a bitcoin ATM might seem difficult for an average user, but there are the steps for the general buy process at all bitcoin ATMs:

  • Verification step 
  • Provide bitcoin address for deposit 
  • Insert cash into the ATM
  • Confirm operation 

Follow the next steps for selling bitcoins for cash using Bitcoin ATM:

  • Verification step 
  • Send bitcoins to the given by bitcoin ATM QR code
  • Depending on the settings you will either get cash out of the machine immediately, or you will be given the redeem code and need to wait for bitcoin transaction confirmations 

Conclusions

Bitcoin is the most traded crypto on the market. It is popular because it offers fast and safe transactions without the need to involve banks. That is why the best betting sites in India accept bitcoin for deposits and payments. The players are offered the possibility to deposit but also to withdraw using Bitcoin and other cryptos. You can use e-wallets apps like PayPal to buy bitcoins, but also to buy all kinds of goods and services with bitcoin currency. Coinbase is a wallet extension available worldwide, to buy, store and sell crypto. Bitcoin is present on trading apps, but also on the broker market. The Interactive Brokers allows everyone to invest globally in cryptocurrencies like Bitcoin. But you do not need to go on broker platforms to buy or sell bitcoin, because you can do this at a Bitcoin ATM, placed in malls and shopping places. 

 

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