by Hodler Ash 
With Bitcoin’s price soaring high, the process of buying Bitcoin is getting easier. The number of legitimate exchanges and wallets is growing too.
There are a few initial things necessary for Bitcoin buyers. Anyone who wants to invest in Bitcoin needs a cryptocurrency exchange account, personal identification documents if you are dealing through the Know Your Customer (KYC) platform. It is convenient if you have a different personal wallet apart from the exchange account. The payment methods you can use can be bank accounts, debit cards, and credit cards.
1. Choose the Exchange you like
To deal in cryptocurrencies, first, you need to sign up for an exchange. Exchange is a medium to buy bitcoin, sell, and hold cryptocurrencies. The best exchange to opt for is one that allows users to transfer their crypto to a personal wallet so that it could be kept safe.
There are many types of exchanges to choose from. As Bitcoin has the advantage to be decentralized and enjoys individual sovereignty, some exchanges are so liberating that they allow users to remain anonymous by not asking for personal information. This means that there is no regulatory body to watch over the activities.
There are two sides to this feature. Just as it can be used for illegal activities, this kind of exchanges can be of great help to the unbanked people. The refugees or citizens of a country with very little government or banking infrastructure can make transactions through bitcoin exchanges.
2. Link your exchange to a payment option
You need to provide documents that will ensure your identity and legitimacy. Then you can connect the exchange to your bank account directly or connect it to a debit or credit card.
Not all banks allow crypto-related deposits or transactions so it will be a good idea to check with your bank. There are also varying fee system if payments are made through a bank account, debit, or credit card.
3. Place Order
Once the above steps are successful, you can directly buy bitcoin. Exchanges allow users to market and limit orders and also stop-loss orders. There are also options for recurring investment.
4. Store in a safe place
Your digital assets should be stored in a bitcoin or cryptocurrency wallet safely. Putting your crypto outside of the exchange and storing them in your wallet makes sure that it is safe as only you will have a private key to the wallet.
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How to buy Bitcoin with PayPal?
1. You need to have an existing PayPal account.
2. Find a trading platform a brokerage service that sells cryptocurrency.
3. Connect the platform with your PayPal account.
4. Now you can buy Bitcoins from these websites through PayPal.
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How to buy Bitcoin with Credit Card?
The process is very similar.
1. Create your account on a platform that sells bitcoin.
2. Put in your debit card information to connect with the website.
3. Verify your ID and start buying Bitcoins.
Bitcoin is a major investment, therefore, it is important to safely secure it. Purchasing bitcoins with debit or credit cards are the easiest and fastest way. It is very similar to online shopping hence, those who are not tech-savvy can easily understand the process. However, when it comes to buying large amounts, it is ideal to shift to other methods as the fees are high. You don’t always need to buy 1 whole Bitcoin, each is divisible to the 8th decimal place. One Bitcoin can be split into 100,000,000 pieces. So you can buy only a part of it. The advice is to invest wisely and sell when the price is soaring.
