HI guys, we have already told you about what cryptocurrency is, in our last post. Now, in this post we will talk about where you can buy or sell bitcoin or cryptocurrency and in this post we will also tell you what the usage of wallets is.
Basic or through Bank Transfer
In most of the countries like U.S.A and India, the Bitcoin trading is legal now. Basically in every country they have an exchange where you can buy or sell cryptocurrency easily. First you have to create your account in the exchange. After successful registration, if you want to buy or sell so you have to transfer money to the exchange account through IMPS/NEFT or RTGS and after Successful transfer your wallet will show your money in your wallet and then you are able to buy any cryptocurrency.
So these are the basic steps to buy a crypto.
Now we will talk about how to buy and trade with crypto.
Let’s take an example of Binance exchange now, you guys must be thinking why I chosen only binance for trading on this exchange because binance exchange have all the way’s which you want to trade.
In this picture you can see the binance exchange will support these currencies.
With Credit or Debit Card
You can buy crypto through your debit or credit card easily from binance exchange through step by step
1. Click on the “Buy with Cash” button which show on the home screen of the wallet.
2. Select the “Credit/Debit card” after selection
3. You have been seen USD in the square bracket on the screen where you have to click on the USD to choose your prefer available Fiat Currency.
4. Now you have been selected your “Currency” and then enter the amount you want to spend.
5. After enter the amount you have click on the BTC to choose to select cryptocurrency you wish to purchase.
6. Now you have to add a new card” or select the card you wish to use for the purchase and then tap “Buy”..
7. Check the amount you wish to spend is correct and then tap “Confirm” at the bottom of the screen.
8. Congratulations the transaction is completed and the bought cryptocurrency is deposited in your spot wallet.
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