How to buy Bitcoin for the First Time

Welcome to the wonderful world of Bitcoin. By now, you have probably heard about the world’s largest cryptocurrency on the news or through a friend. Supporters talk about it becoming the global currency of the future. So, you might be saying to yourself: I want to be a part of this financial revolution. How do you buy Bitcoin? 

Well, there’s a long answer and a short answer. Let’s start with the short answer… 

Table of Contents 

Three quick steps to buying Bitcoin 

Why buy Bitcoin on biexm? 

Bitcoin for beginners 

Ask yourself the right questions 

Break through the myths 

Education 

How to buy Bitcoin 

How to keep your crypto secure 

Demystifying Bitcoin 

Three quick steps to buying Bitcoin 

STEP 1: Find a crypto exchange or trading platform that offers Bitcoin 

There are a number of exchanges that will let you trade your funds for Bitcoin. One of them is the biexm trading platform. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

STEP 2: Sign up 

If you’d like to buy Bitcoin through biexm, all you need to do is sign up, verify your account and make a deposit. From there, you’ll be able to buy and sell Bitcoin easily. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

STEP 3: Buy Bitcoin 

Bitcoin can be purchased fractionally, so you don’t need to buy a full Bitcoin to own some. For example, if Bitcoin’s price is $10,000, you can purchase 0.1 Bitcoin for $1,000. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

Why buy Bitcoin on biexm? 

We’re cheaper than other exchanges. 

We take zero commissions and charge zero hidden fees. 

You can try before you buy. 

We provide a virtual portfolio function, where you can play around in the market with a $100k demo account. This simulates trades and uses real market data. 

You can learn from other traders. 

Our social feed is a great way to ask questions and learn about how other traders are approaching the crypto market as a whole. 

It’s a great platform for beginners. 

 

Buying and Selling bitcoin with Bangladeshi Taka (BDT) is going to continue to grow in Bangladesh, along with cryptocurrency, blockchain and other non-valuable crypto buzz words.

 

Our simple interface makes buying and selling Bitcoin easy and quick. 

Ok, now for the long answer. Here we’ll discuss topics like educating yourself before buying, dispelling myths about cryptocurrency, and understanding just how ownership works with Bitcoin. Let’s dive into everything you need to know to purchase Bitcoin. 

Bitcoin for beginners 

It can be intimidating to get into cryptocurrency, especially for the first time. But buying Bitcoin doesn’t have to be difficult. In fact, you can learn how to purchase Bitcoin with confidence and ease as long as you follow these steps: 

Learn about Bitcoin – You wouldn’t purchase a stock before understanding how the stock market works, would you? 

Buy Bitcoin – Make your initial Bitcoin purchase somewhere you trust. 

Store Bitcoin – Make sure your Bitcoin is secure and accessible for future use. 

Excited about learning how to buy BTC for the first time? It’s certainly an exciting time to get started! Read on to best learn about Bitcoin and all it has to offer. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

Ask yourself the right questions 

Think about all of the things you don’t yet understand about Bitcoin, or how to trade cryptocurrency in general. Maybe you already have some knowledge on the subject that you learned from a friend, or maybe you are coming into Bitcoin with a clean slate and fresh eyes. Whatever the case may be, before you can ask “How do you buy Bitcoin?” you can begin by asking what areas you would like to learn more about before diving headfirst into the Bitcoin waters. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

You can compile a list of your own questions, or, use the questions below as a jumping-off point: 

What is cryptocurrency? 

What is Bitcoin? 

How do I learn more about Bitcoin? 

How do I buy Bitcoins? 

How can I keep my Bitcoin secure? 

  

You should wait to buy Bitcoin before you can answer these questions with some level of mastery. You don’t have to be a Bitcoin expert, but you do need to better understand how Bitcoin works before you move forward with preparing to purchase the cryptocurrency. 

Break through the myths 

Perhaps, you’ve heard someone unfamiliar with Bitcoin ask these kinds of questions: Isn’t Bitcoin just a tool for criminals? Why should I learn how to buy Bitcoin if it’s just a scam? Don’t let these myths perpetuated by fake news and pop culture get in your way. You have to bust through the most prominent Bitcoin myths in order to see the truth of the world’s largest and most influential cryptocurrency. 

We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
We can't paste this image from the Clipboard, but you can save it to your computer and insert it from there.
 

Among the biggest Bitcoin myths are: 

 

Bitcoin is only used for illegal activities 

Bitcoin is inefficient and unsustainable 

The price of Bitcoin fluctuates is too volatile to ever be used 

Governments will eventually shut down Bitcoin 

  

All of these myths are so pervasive in popular culture that you may have heard someone say one of these exact sentences at your last cocktail party or heard it on television just the other day. In order to better understand why these ideas are nothing more than folklore, you have to understand Bitcoin itself. 

Education 

How can you bust through Bitcoin myths with ease? Education, of course. Learning more about Bitcoin, its history, and its future will give you more confidence when it comes time for your first Bitcoin purchase. There are valuable resources out there that will provide a foundation of knowledge for you to build upon before purchasing Bitcoin. 

Books 

There’s nothing like a good Bitcoin book to snuggle up with before bed. There are a variety of books covering all aspects of Bitcoin, from understanding the blockchain to valuing cryptocurrencies as a new asset class. Here are a few to get you started: 

Bitcoin Money will explain Bitcoin to you like you’re a child… because it’s literally a children’s book. And even though you may feel silly reading a book made for kids, this is one of the best resources for those who have never heard of Bitcoin and don’t understand its purpose.  

Mastering Bitcoin introduces more of the technical aspects of Bitcoin, but is a great way to frame any Bitcoin purchase so you understand what is actually happening behind the scenes. 

Digital Gold highlights the stories of those involved with Bitcoin through the eyes of New York Times reporter Nathanial Popper. The stories will provide insight on how Bitcoin got to where it is today. 

The Bitcoin Standard is an unapologetic look at why Bitcoin is, and always will be, the most important cryptocurrency on the market.