STEP 1: Create a Bitcoin “wallet” and buy Bitcoin
Sign-up and open an account with a Bitcoin exchange. A Bitcoin exchange allows you to buy and sell Bitcoin and to send and receive Bitcoin. You deposit funds into your Bitcoin exchange account in order to buy Bitcoin. Your Bitcoin exchange account is also referred to as your “Bitcoin wallet”.
Most Bitcoin wallets will allow you to use a credit card or debit card to buy Bitcoin, or you can link your bank account(s) to your Bitcoin wallet in order to buy Bitcoin using your checking account. Credit/debit cards usually fund your Bitcoin wallet within minutes; funding your Bitcoin wallet with your bank account typically takes 2-3 business days.
Please note that deposit limits for your Bitcoin wallet start low and rise as you make more deposits into your Bitcoin wallet over time.
Recommended Bitcoin Exchanges:
Exchange: |
Limits |
Method funding Time |
www.coinbase.com |
Daily ($10-$500) Verified accounts
Weekly ($10- $2500) |
Visa-MC CC Instant Bank account |
Coinmama.com |
Daily ($60-$5000)
Daily ($100-$10,000) Verified accounts |
Visa-MC CC 45 min Visa-MC CC 2 hours |
Kraken.com |
Daily ($100-$2000)
Daily ($1000-$100K) Verified accounts |
Bank Wire 2-5 days
Bank Wire 2-5 days |
ww.cex.io
Quadrigacx.com |
Daily ($10-$3000) Verified accounts
Daily ($250- $1000) Canada ONLY |
Visa-MC CC 30 min
Bank transfer
|