Back to blog
How to buy Bitcoin: a step-by-step guide

Today, there are multiple ways to purchase Bitcoin: exchanges, exchangers, apps etc. For those who are new to the matter, there are numerous options to choose from. To comprehend it more fully, we will discuss several approaches in detail.

 

Buying Bitcoin with the help of the Kolo platform

Kolo is a cryptocurrency platform that supports multiple currencies. It interacts with the BTC that is necessary, as well as with various fiat currency types (like USD, EUR etc). It's beneficial for both novices and experienced users, as it has a plenty of simple functions.

 

To purchase BTC, you need to follow these steps:

1. Go to the Kolo website and log in to your account.

2. Visit the Exchanger section in your profile and choose the Buy crypto section.

3. Enter the desired amount of BTC and provide your BTC wallet address

4. Add all the necessary personal information. After that, confirm the purchase.

 

Buying Bitcoin on the Binance exchange

Binance is the most popular cryptocurrency exchange by trading volume. It's beneficial for beginners, as it has numerous available services.

 

To purchase BTC on the Binance exchange, you need to follow these steps:

1. Install the Binance app on your phone or visit the website.

2. Go through the registration and verification processes.

3. Go to the Buy Crypto section.

4. Enter the currency and the amount that you want to give.

5. Select BTC as the cryptocurrency that you want to receive.

6. Select the available payment method, and choose the payment account or bind the payment card.

7. Confirm the transaction by pressing Buy BTC.

8. Check if the BTC has been deposited in the wallet.

 

Buying Bitcoin on the CoinMama platform

CoinMama is a worldwide cryptocurrency platform that is intended for newbies. It's simple to exchange Bitcoin here, but there are some drawbacks. The platform is only compatible with foreign currencies and has high fees.

 

To purchase BTC, you need to follow these steps:

1. Visit the CoinMama website.

2. Go through the registration and verification processes.

3. Choose the Buy tab in the Buy/Sell section.

4. Choose the currency you want to give as well as the cryptocurrency you want to get (BTC), and then enter your desired amount.

5. Choose a payment method.

6. Enter your BTC wallet address

7. Proceed to check out and wait for your crypto.