Mobile Contact: +2348141689216, +23481534800000 Whatsapp No.: +2348141689216
User Login Panel
We found that you are currently not logged in. Please kindly login below
Note: Passcode is case sensitive
I don't have account yet, kindly register now. Is free! Register

Reliable Web Hosting in Nigeria by DomainKing.NG
Home>Blog & News>technology
Disclaimer: Any post found here on Emmason247.com.ng is of the author's view. So, in regard to this; we are not liable for any issues that may arise.
By Nuelson Penuel/Technology/Saturday, October 10, 2020

Best ways to buy bitcoins and sell bitcoins

                              
                            

Introduction

In this short article, am going to show you what is Bitcoin, how to buy Bitcoins and how to sell Bitcoins in well known trusted platforms.
what is bitcoin-how to buy and sell bitcoins

What is Bitcoin

Bitcoin, which is often referred to as a cryptocurrency is a digital or virtual currency. It is an online version of cash. This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undoing transactions.

How to buy bitcoins

Before purchasing Bitcoin, you have to first secure place to store it by creating a Bitcoin wallet. You can download your free digital wallet app from

https://wallet.bitcoin.com/

You can buy Bitcoin with fiat currencies, such as USD, and also with other cryptocurrencies.

Buying Bitcoins from a cryptocurrency exchange

You can can also buy Bitcoins from cryptocurrency exchange. Just follow the instructions below.
  1. Visit a cryptocurrency exchange.
  2. Create an account and verify your identity as required.
  3. Follow the website’s instructions to buy your Bitcoin Cash (BCH) or Bitcoin (BTC).
  4. Your coins will appear in the exchange's wallet connected to your exchange account.

Steps to buy Bitcoins from bitcoins official website

To buy Bitcoin from Bitcoin official website,
  1. Visit the official site to Buy Bitcoin page.
  2. Select the currency you want to buy.
  3. Specify either to buy in USD or any other local currency, and enter the amount.
  4. Carefully review then add your wallet address and click Continue.
  5. Complete the purchase process by creating an account and providing your payment details.

How to buy Bitcoins from the Bitcoin.com Wallet

To buy Bitcoins from your Bitcoin wallet, follow the following steps
  1. Open the Bitcoin.com wallet app on your device.
  2. Tap the green "Buy" button if you want to buy Bitcoin Cash (BCH), or tap the orange "Buy" button if you want to buy Bitcoin (BTC)
  3. Follow on-screen instructions to deposit coins to your preferred wallet
  4. You will be prompted to verify your identity
  5. Once complete, your purchase will proceed
After your first purchase which includes identification verification, future purchases are faster.

How to buy Bitcoins on peer-to-peer trading platform

You can also buy Bitcoins through peer-to-peer trading platform (BCH only)
  1. Visit Local.Bitcoin.com and create an account
  2. Find an existing seller looking to sell Bitcoin Cash (BCH) or create a new buy order yourself
  3. Open a trade with your chosen seller and they’ll send the BCH to the blind escrow account.
  4. Once you’ve sent the agreed payment via bank transfer or other payment method, the seller will confirm they’ve received the funds.
The BCH you’ve bought will then be released from the blind escrow and sent to your digital wallet. Note:Finally, move your Bitcoin to your personal wallet to keep it more secure.

How to sell Bitcoins

In this part, I have listed three (3) methods that you can use for selling your bitcoins.

How to sell Bitcoins on a cryptocurrency exchange

  1. Log in to your cryptocurrency exchange account. Or, if you don't have account create an account and verify your identity as required.
  2. Follow the website’s instructions to sell your Bitcoin Cash (BCH) or Bitcoin (BTC).
If you sold it for fiat money, you can cash out the funds into your bank account. If you sold it for another cryptocurrency, you can send the coins to your personal wallet (make sure your wallet accepts those coins before sending).

How to sell Bitcoin using Crypto2Cash

  1. On the Bitcoin.com Wallet Tap the Discover tab (middle tab button at the bottom).
  2. Scroll through services to find Crypto2Cash and tap the button.
  3. You have to create account with this 3rd party provider by entry the information they asked for such as personal details and banking details.
  4. After signing up you'll be able to type in how much Bitcoin or Bitcoin Cash you would like to sell
  5. Send the BTC or BCH, and after ~6 confirmations (approx 60 minutes) the order will be complete.
Monitor your email inbox for more information from Crypto2Cash. Follow Crypto2Cash directions and the funds will be sent to the bank account you provided. We are working to add more selling options to our Wallet - coming soon!

How to sell Bitcoins on peer-to-peer trading platform (BCH only)

  1. Login to your Local.Bitcoin.com account.
  2. Find an existing buyer looking to purchase Bitcoin Cash (BCH) or create a new sell order yourself.
  3. Open a trade with your chosen buyer and send your BCH to the blind escrow account.
  4. Once the buyer has sent your payment via bank transfer or other payment method, confirm you’ve received the funds.
  5. The BCH you’ve sold will then be released from the blind escrow and sent to the buyer’s digital wallet.
likeLike(0) | CommentComments(0) | View Views(151) |
Please promote us by sharing Emmason post. Sharing is announcement. Share to any of the social networks.
And, do not forget to Like and Comment cos this boost Emmason Community content writers appetite


Add your comment