➤ How to Buy and Sell Bitcoin in Any Country

What is a Bitcoin?

How to Buy and Sell Bitcoin in Any Country - Quick and Easy

Bitcoin is one virtual currency independent and decentralized, and which is not controlled by any state financial institution, bank or company. It is an intangible currency, it can also be used as a means of payment just like physical money.

How does it work?

La criptovaluta performs the same three functions as traditional money: it is a unit of account, reserve of value and medium of exchange. Its encryption system is programmed to generate a fixed number of Bitcoin per unit of time via computers called miners. If you want to know more about this topic, I invite you to read the following article which explains what cryptocurrencies are and how does the Bitcoin business work?

Steps to buy and sell Bitcoins

We explain in simple steps how to do it simply and in a way that is easy for you to do in minutes.

Step 1: Create your Bitcoin wallet

A digital wallet is one archiving tool which will help you keep your cryptocurrency keys safe and help you trade with it.

Virtual wallets are essential and most useful when it comes to managing digital currencies, since there is nowhere else you can save or dispose of them.

Opening an account in a virtual wallet is easy. First register your email, then you will receive a verification link to your email where it will give you the option to continue entering your details and phone number as this will make it more secure, although not all virtual wallets require phone numbers. It is very easy to create a Bitcoin cryptocurrency wallet account.

So you have to specify what type of cryptocurrency you intend to store, as these wallets work with different types of cryptocurrencies such as Litecoin, Bitcoin Dash e Dash. After verifying your account you can start buying and selling your cryptocurrencies.

Step 2: Sell and Buy Bitcoin

All Bitcoin transactions on any platform they work through the blockchain, which is basically a highly reliable and decentralized transaction recording system.

We recommend that you use Bit2me, as that is what we will be using as the basis for this tutorial. This has several payment methods such as: bank transfer and credit card. You just have to choose between buying and selling your Bitcoins.

If, on the other hand, you don't know Bit2me, you can also buy Bitcoin with Paypal in a safe and fast way.

What should be done when buying?

To start the purchase you have to go to the purchase session, then you have to choose the criptovaluta you want to buy, in this case Bitcoin, so you have to choose which option you will use to pay, whether by credit card or cash.

The next step is to enter the amount in your local currency or Bitcoin that you want to buy. Some bags have a minimum amount at the time of purchase, so you need to take that into account.

In the case of Bit2me, make conversions from your local currency to BTC and vice versa, then you will specify the address of the wallet to which you want the BTC to be sent.

When the transition is complete, the wallet will provide you with an invoice or purchase summary showing the cost of commissions for the wallet you are using and the cost of processing the miner network.

What should you do when selling?

How to Buy and Sell Bitcoin in Any Country - Quick and Easy

It is quite similar when buying, you just have to go to the option to sell, then put the amount you want to sell. We recommend that you send them BTC from a wallet in where you can check the total amount of the sending and the exact amount of the commission from the miners network.

Avoid sending Bitcoins from an exchange, glaming site, cloud mining, or any service that isn't specifically a wallet, as it can cause unwanted delays, which will cause the sale to be canceled due to no transfer to the correct address being detected.

Next we will provide you with a list of the best virtual wallets for you to be able to sell or trade your Bitcoins from your mobile or computer.