Buying your first bitcoins
If you are planning on buying your first bitcoins, it is advisable to be well informed. Of course for many the price of bitcoin is decisive, but remember that it is also important to trade safely and look at the payment options offered by a provider. Want to buy bitcoin directly? Click on “Buy Bitcoin” below the chart. Viewing this page on a computer or laptop? Then you can enter how much bitcoin you wish to buy or how many Euros you wish to buy bitcoin for before clicking on ‘Buy Bitcoin’.
Buying Bitcoin; What to Look Out For
There are a few things to keep in mind if you want to buy bitcoin. Is the vendor you are buying Bitcoin from safe and secure? To be sure, we only work with partners who meet what we believe are important requirements. These are:
- Secure transactions
- Trusted in the industry
- Bitcoin cheap to buy
- Fast payments or payouts
- Pay with Credit Card
- Many good customer reviews
Buy bitcoin safe and sound
It is good to be critical when buying bitcoins. Can the provider be trusted? Can I pay safely? Based on our expertise and experience we would like to share some providers with you, where we have been able to answer these questions with a resounding yes. We have collected reliable parties where you can pay simply by iDEAL, credit card or Bancontact.
How do I buy bitcoins?
When you buy bitcoins you need to be able to store them and this is done in a wallet. A wallet is, as the name suggests, a digital wallet where you can store cryptocurrencies such as bitcoin. A number of bitcoin providers also offer an immediate option to store your purchased bitcoin with the provider. It is also possible to have the purchased bitcoins sent to a personal wallet, either online or offline. If your wallet – in the case of an offline version – is not connected to the Internet, then you may not be able to move your bitcoins as quickly, but they are better protected.
A wallet has a public key and a private key. These keys, which consist of a series of letters and numbers, together provide access to a wallet. The public key is public and serves as the receiving address where you can send bitcoin. The private key allows you to send bitcoin from your wallet to other bitcoin wallet addresses.
Read more about the various types of wallet.
After purchasing your bitcoin
Congratulations, you can now call yourself the proud owner of bitcoins! You now know where to purchase bitcoins and how to store them. Of course, you don’t want your bitcoins to be stolen or lost in any way. Therefore, it is useful to follow these guidelines in order to store your bitcoins in a risk-free manner:
- Do you have an online wallet? If you have an online wallet then only store small amounts of bitcoin there. The security of an online wallet is limited in that you are often dependent on an external party.
- Larger amounts of bitcoin are best stored in a hardware wallet or on a separate computer which preferably is not constantly connected to the internet.Make sure you use a strong password on top of your private key which consists of a combination of (capital) letters, numbers and special characters.
- Use two-factor authentication (2FA) when possible to add an extra layer of security. You will always be asked for additional authentication on top of the standard password. This can be a code that is sent to you by SMS, a voice message or authentication through an app. Most cryptocurrency exchanges offer this option.
- Back up your wallet regularly and keep it offline, not connected to the internet.
Compare Bitcoin prices
If you have read about wallets and payment options, you will probably also want to look at what prices are charged for buying bitcoin. There is always a price listed in case you buy a whole bitcoin, but of course this is not necessary and you can also buy part of a bitcoin. Here you will find a list of reliable providers.