How to Buy Bitcoin Crypto (BTC)

How to buy Bitcoin Crypto

What is Bitcoin (BTC)?

According to Coingecko, Bitcoin is : Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoin is changing the way we see money as we speak. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way. It is a decentralized peer-to-peer internet currency making mobile payment easy, very low transaction fees, protects your identity, and it works anywhere all the time with no central authority and banks. Bitcoin is designed to have only 21 million BTC ever created, thus making it a deflationary currency. Bitcoin uses the <a href="">SHA-256</a> hashing algorithm with an average transaction confirmation time of 10 minutes. Miners today are mining Bitcoin using ASIC chip dedicated to only mining Bitcoin, and the hash rate has shot up to peta hashes. Being the first successful online cryptography currency, Bitcoin has inspired other alternative currencies such as <a href="">Litecoin</a>, <a href="">Peercoin</a>, <a href="">Primecoin</a>, and so on. The cryptocurrency then took off with the innovation of the turing-complete smart contract by <a href="">Ethereum</a> which led to the development of other amazing projects such as <a href="">EOS</a>, <a href="">Tron</a>, and even crypto-collectibles such as <a href="">CryptoKitties</a>.

Where can I buy BTC Crypto?

The best website to buy Bitcoin is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Bitcoin on Simpleswap

To buy Bitcoin on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select BTC, just like in this example:

Buy Bitcoin on Simpleswap

Once you selected the currency you want to pay in, and BTC, you need to paste your respective wallet address where you want to receive your BTC.

With Simpleswap, you'll receive your Bitcoin directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Buy Polygon on Simpleswap

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Check out Bitcoin links:

Please make sure you read our Disclaimer. We are not financial advisors.


© Copyright 2024 | The Crypto Gem | All Rights Reserved |