👨💻 Today we will discuss how to buy Bitcoin
1️⃣ We choose a cryptocurrency exchange or service
🟡 Binance, Bybit, OKX – centralized exchanges (CEX) with high liquidity.
🟡 PancakeSwap, Uniswap – decentralized exchanges (DEX), if you are buying through a cryptocurrency wallet.
🟡 P2P platforms (Binance P2P, LocalBitcoins) – allow you to buy directly from people.
2️⃣ We complete registration and verification (KYC)
🟡 On CEX, you need to register and verify your identity (passport, ID card).
🟡 On DEX, registration is not required, but you need to have a cryptocurrency wallet.
3️⃣ We fund the account
🟡 Bank card – fast, but may have high fees.
🟡 P2P trading – no intermediaries, but be sure to check the seller carefully.
🟡 On DEX, registration is not required, but you need to have a cryptocurrency wallet.
4️⃣ We buy BTC
🟡 On the exchange, find a trading pair, for example, BTC/USDT.
🟡 Choose a market order (buying at market price) or a limit order (at a fixed price).
🟡 Confirm the transaction.
5️⃣ We will keep Bitcoin in a safe place
🟡 Cold wallet (Ledger, Trezor) – the safest way.
🟡 Mobile/Desktop wallet (Trust Wallet, BlueWallet) – convenient, but less secure.
🟡 Storing on an exchange is risky due to potential hacks.