How to Buy Bitcoin
WHAT IS BITCOIN?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. In order to learn more about it you can read this article here or watch the video below.
Buy your bitcoins on reusablescraps.com
In order to purchase our products with bitcoin, on the checkout page select the bitcoin option, checkout, purchase bitcoins, and send them to the address that will show on the scan SQ.
If you have a bank account in the USA and want to buy Bitcoins with it, Coinbase is the site to use. This guide will help you buy coins in the USA using Coinbase.com. Once you’ve bought Bitcoin, you can spend it on hundreds of online vendors including reusablescraps.com.
Coinbase is the easiest site to use in order to buy Bitcoin with your bank account.
Navigate to www.coinbase.com.
From here you can immediately start creating an account with your name and email. Once you’ve verified your email, you will be able to log in.
Your user name appears in the top right corner, Click it and go to account settings to verify your phone number.
You need to start by verifying your phone number. You can do this with standard SMS authentication to your phone, or via Authy, a great application that generates a code every 20 seconds. Click the link below your name and email information:
Even though Coinbase is for US customers only, you can choose a phone from any country in the world, convenient if you live abroad or travel a lot.
Once that is done, you need to provide some information to be able to use Coinbase, primarily your bank account information.
Click on the Buy tab on the left-hand side of the page, you’ll see instructions to follow.
Coinbase will then ask you how you want to verify the account. One way, which is instantaneous, is to give them your bank account log in information. They will test it to see if it works. If you don’t feel particularly comfortable doing this, remember you can always change your password right after (or right before if you really love your password). I chose this option to save time, and then changed my password after. This is only a one-time check.
You can also do the traditional deposit verification method. This takes longer.
Once you are finished, go back to the page and buy BTC. Type in the amount of BTC you want to buy.
Coinbase charges very low fees, making it a very good method to buy Bitcoins for use at reusablescraps.com.
Click Buy Bitcoin and accept the confirmation.
Click confirm, and that’s all!
Once your Bitcoin purchase is processed, you’ll receive your Bitcoins at Coinbase.com. Click on the Send/Receive button on the left bar to finalize your payment to reusablescraps.com.
Here there is a Send Money button:
This window will appear, and here you can put in the Wallet address and the amount of BTC to send. You can find this information on the order page.
For US Bank account users, there’s no easier way to use Bitcoin to purchase items
Buy Bitcoins in UK, Canada, NZ and other Countries
UNITED KINGDOM: https://howtobuybitcoins.info/#!/GBP
NEW ZEALAND: https://howtobuybitcoins.info/#!/NZD
Other countries you can find here: https://howtobuybitcoins.info
How to buy bitcoins with a credit card(recommended)
One of the easiest ways for anyone to purchase anything is via a credit card. With the added security of your credit card vendor, you really can’t go wrong. Here are multiple trusted ways to buy bitcoins: https://www.buybitcoinworldwide.com/en/buy-bitcoin-credit-debit-card/.
How to buy Bitcoins with a Bank Account
If you have a bank account and prefer to purchase your Bitcoins this way, there are a few sites worth noting. CEX.io, Bitstamp.net, and Kraken.com all allow you to securely purchase Bitcoins via your bank account.
Kraken.com work with banks across the world, making it a nice way to get started in buying Bitcoins. Their interface is easy to use, and Kraken has some of the best customer support you can find in the financial industry. Since USA banks are also acceptable with Kraken, this is an extremely flexible platform to use.
If you’re familiar with PayPal transactions, using Kraken is relatively simple. In just five easy steps, you can start buying Bitcoins in as little as five business days.
1. Go to Kraken.com
2. Sign up using their secure site
3. Link your bank account information
4. Deposit funds into the Kraken account
5. Once the deposit has been completed (typically 3-5 business days) spend your Bitcoins
Although this is not an instant method, it does offer lower fees when compared to purchasing Bitcoins with a credit card
How to buy bitcoins with Cash Finally, for the more experienced user, cash will always be an available method of purchasing Bitcoins. There are a few peer-to-peer Bitcoin vendors you can use with Localbitcoins.com and Paxfull.com being highly recommended. This site allows many to purchase or sell their Bitcoins worldwide (think eBay). The platform is fairly simple and straight to the point. This accessible site allows you to narrow down the location you wish to perform your trade. Another exceptional feature is that you can review the rankings and reviews of traders before conducting business. This site allows for a variety of payment methods including:
- International wire transfer
- Escrow account services
Since this site offers so many powerful features and is considered an advanced marketplace, it is for the more experienced Bitcoin purchaser. It does allow you to have your Bitcoins between one and three business days and also cuts back on fees.