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How to Buy Bitcoin

Mar 4, 2024 4 min read

Bitcoin is the first cryptocurrency and for now, the world’s largest cryptocurrency based on market capitalization. Bitcoin is supported by all exchanges, therefore, finding a place where you can buy it is very easy. The main your task is to find a place where you can buy rapidly, without paying excessive fees, and at the best rates.

What Is Bitcoin?

Bitcoin is the first cryptocurrency. It was launched in 2009 by Satoshi Nakamoto whose personality is still anonymous. Bitcoin is referred to as the father of cryptocurrency and is the world’s most expensive coin.

Since its launch, Bitcoin has grown from a coin that used to cost a small fraction of a cent to a coin with tens of thousands of value.

How to Buy Bitcoin

Bitcoin can be bought easily, rapidly, and at the best rates on LetsExchange. You can purchase it with over 80 fiat currencies or with one of 4,000+ supported coins and tokens.

All you are required to do is to follow the instructions.

Open the page with the exchange widget.

In the You Send field, select the coin that you will swap for Bitcoin. Indicate what sum you want to swap.

In our example, we will pick Ethereum but you can use any other.

In the You Get field, select Bitcoin. Bitcoin is supported on its native blockchain and on a range of other blockchains. Make sure you select the right network, otherwise, your funds will be lost.

In our example, we are picking Bitcoin on the Bitcoin blockchain.

The sum to get is calculated automatically and displayed in a respective window.

Select whether you want your coins to be swapped at a fixed or a floating rate. When you choose a fixed rate, you will receive the exact number of coins that is displayed in the You Get field.

If you select a floating rate, the number of coins to receive may differ from the one displayed in the widget initially. If the exchange rate in the market changes, it will impact the number of coins to receive.

If you pick a fixed rate, you will be displayed a field where you can provide a promo code. If you have it, type it in the field to get cashback.

Now, click on the Exchange button.

You will be displayed the following window.

Copy-paste your Bitcoin receiving wallet address, and provide your refund address (for Ethereum in this case) - we will refund you your funds in case something doesn’t go as expected.

Click on the Next button.

After that, deposit the requested amount to the address that will be provided, and the platform will process your swap. Once the transaction is confirmed on the blockchain, you will get your Bitcoin coins in your wallet and can download a receipt with all the transaction data.

Conclusion

Bitcoin is the main and the most expensive cryptocurrency. Its price has demonstrated significant growth during the time of Bitcoin's existence. This is why you may want to buy this coin now. You can do it within a couple of clicks on LetsExchange, and the upper limits are practically non-existent.

FAQ

Can I buy Bitcoin directly from other users?

Yes, you can use a decentralized environment to buy Bitcoin on LetsExchange directly from other users.

How do you get BTC?

You can buy BTC on all exchanges, and LetsExchange is not an exception. Here, you can count on the best rates, rapid swaps, and 24/7 live customer support.

Where can you buy Bitcoin?

Bitcoin is the main cryptocurrency and is supported by all crypto exchanges.