Buy and sell bitcoins fast track

Binance IOS or Android is the third most downloaded wallet in , according to a list from Apptopia. Hence, you will need to download a wallet from the Google Play Store, create an exchange account, and provide your personal identification documents if you are using a platform that requests for Know Your Customer KYC.

Most exchanges would let you pay with your debit card or transfer directly from your account. There are two main ways to buy bitcoin on Binance, by linking your debit or credit card or bank account or buy cryptic directly from other users with peer-to-peer trades. Linking your debit card, credit card, or bank account is one of the easiest ways to buy bitcoin.

Experts also recommend that you do not buy bitcoin with a credit card due to the volatility that the cryptocurrency market experiences. Deposit money Once you have your wallet connected and linked, the next stage is to buy bitcoin. A number of exchanges allow you to buy bitcoin with your local currency like the naira.

You will need to deposit money into the wallet and this comes at a cost. There are varying fees for a bank deposit. It is important to research the fees associated with each payment option to help choose an exchange or to choose which payment option works best for you.

After successfully depositing the amount you have selected, the next action is to click the buy button. Selling the bitcoin asset you bought is nearly the same process. Rather than select Buy, you go for Sell and the amount you want to sell. You can sell bitcoin to buy another cryptocurrency. But if you sold it for fiat money you can cash out the funds into your bank account. Tracking your transaction Different exchanges offer distinct ways of tracing the status of your transactions. Hold You can store your Bitcoins for a better future.

If you believe the latest Bitcoin price forecasts, you may want to hold your Bitcoin assets for a while and try to get more profit in the future. Spend You can also use Bitcoin to buy various goods and services. Who accepts Bitcoin? More and more retailers and vendors such as Whole Foods, Nordstrom and Starbucks and dozens of other companies take Bitcoin payments.

How to get a Bitcoin wallet? You have several options for where to store your crypto assets. The major challenge is to choose a crypto wallet you can trust. Some exchanges offer in-built, so called hot wallets. Considered more agile and secure for exchanging crypto to fiat, they incur external risks. Many traders prefer to store large sums of coins offline on cold wallets — hardware devices, which are not vulnerable to fraudulent activity when they are not connected to the internet.

The Currency. It can serve as a perfect space to hold and store your crypto assets. Equipped with an advanced coin-tracking platform we verify all transactions that take place on the Bitcoin blockchain. Is buying Bitcoin safe? Buying BTC or any financial asset can be risky. However, the choice of a reliable crypto trading exchange minimises the risk. We have built a safe and secure marketplace for crypto investors and traders. We have developed a robust technical infrastructure to prevent fraudulent activity and to keep both your personal data and money safe.

We offer top-notch user-account security, the strongest 2FA verifications, activity logging and the whitelisting of IP addresses and devices.

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The phone verification is easy: simply enter your number and you'll receive a test with a seven-digit code to enter. Bank accounts take a few days to process transactions, but you can invest larger amounts and the price at which you buy is locked in that day even if the sale doesn't clear for a few days. When you choose the bank option, Coinbase will open a searchable list of banks to choose from.

If you want to use a credit or debit card to buy coins, you'll need to add a bank account or a wallet app to sell. Bitcoin, here you come. Now that your account and bank details are set up, you're ready to start buying and selling cryptocurrency. Here, you can see current bitcoin, Ether and Litecoin prices. If you click into one of the graphs, you can toggle the price index by hour, day, week, month, year or all-time to see how the price has changed and whether you want to buy now or wait out a better price.

First, let's buy some bitcoin. Enter either a U. Then choose your wallet the default Coinbase BTC wallet unless you've added an outside wallet app , and hit the buy button to go to the confirmation page and complete your transaction. Congratulations, you're officially a cryptocurrency owner. We only bought a fraction of an amount for the purposes of this story bitcoin is expensive, man but you're eligible to buy as much as your bank will allow per week.

Same goes for selling: choose a coin in the Prices tab, and hit the Sell button instead. Once you're on the Buy or Sell screens, you can tab between bitcoin, Ether and Litecoin to check the exchange rates and quickly complete a transaction with a few taps. Coinbase makes it easy to strike when the price is just right. Exchanges need to make money, too. For larger purchases, the company takes a variable percentage depending on the country.

Snag some Litecoin Coinbase supports all three cryptocurrencies, so you may as well take advantage. Litecoin has been on the rise, but is a cheaper buy than Ether or the exorbitant current bitcoin prices. Get some more for your money and pick up some LTC.

In the U. You're rolling in the cryptocurrency now. Just tap over to the Accounts tab and check out the balances in your respective wallets. Don't forget that exchanges take a few days to process transactions through your bank. However, upon tapping into my bitcoin, Ethereum and Litecoin wallets, I saw the transaction had posted and was currently pending. Your purchase or sale is locked into the coin price at the time of your transaction, even if it takes a couple days to clear.

Sites like CoinMarketCap track the real-time price changes of every cryptocurrency out there, but in the Coinbase app itself you can check the Prices tab for at-a-glance values or tab over to the Alerts icon to set a price alert. If the cryptocurrency hits your target price, Coinbase will send you a push notification to hop onto the app and buy or sell. You can create as many alerts as you want, toggling them on and off on the Alerts page to determine which are active as you track your investments.

Coinbase will even tell you so. Price surges may incapacitate the exchange temporarily, transactions take time to process and if you're using the default Coinbase wallets, your encrypted coins are not under your control. First, exchange your cash, known as fiat money pounds, dollars, euros, etc for bitcoin using a crypto exchange company.

You can decide whether to keep your bitcoin there, or move them to another exchange; Both wallet types will give you two keys. The first key is the public key, a code you give to the exchange when you want to withdraw funds. This is the one you share with other people. The second, private key acts as your signature and is kept private to prevent others accessing your funds. Bitcoin value Once you know how to buy and sell bitcoin , you may wonder, is it worth the trouble?

The cryptocurrency has undoubtedly prompted some alarming headlines. You would have had to endure a bumpy journey as the price has had a rollercoaster ride. If you fancy trading bitcoin, check out the tips in this guide.