The Beginner’s Guide: How to Buy Bitcoins Step-by-step!

Have you ever wondered how to buy bitcoin? Investing in bitcoins might make you a millionaire overnight, however, you should never ignore the underlying risk. Many investors dive into cryptocurrency with the hope to make huge profits in a short period of time. However, beginners can easily fall for scams as they have no experience in buying bitcoin or other cryptocurrencies. Therefore, in this article, 8V.com provides a guide to teach beginners how to buy bitcoins step-by-step.

How to Buy Bitcoins Step-by-step

1. Open the 8V official webpage and download the 8V application. Click ‘Login or Register in the upper-left corner on 8V Homepage.

2. Please click ‘register’ if you haven’t registered yet and provide information including email, mobile number and passwords as required. Click ‘register’ if you agree with our 8V service agreement. Reminder: To ensure your account safety, please enter at least 8 characters including capital letters and numbers. If you are referred by someone, please fill in a referral ID after you confirm with the referrer. It cannot be altered after your account is successfully registered.

3. After you click ‘register’, an authentication puzzle will pop up. Please drag the puzzle to the right to finish the puzzle.

4. After you pass the authentication, our system will automatically send out a verification email or message to your registered email or mobile phone. Please log in to your email or check your text messages to receive the verification codes. You can complete the registration after you enter the correct codes. Reminder: To ensure your account safety, we suggest you turn on second authentication (Google Authenticator or SMS) Note: Please make sure that you have completed identity verification before purchasing cryptocurrencies.

5. Click ‘credit card to buy coins’ on 8V Homepage.

6. Choose the cryptocurrency that you would like to purchase. Take bitcoins as an example, just click ‘BTC’.

7. Enter the total amount that you would like to purchase. Please find the minimum deposit amount at the bottom of the page.

8. Enter 10 USD, choose Paxful and click ‘Buy’.

9. You will be redirected to the Paxful page. You can choose a seller.

10. The payment method depends on different sellers. After complete payment, you will be able to deposit bitcoins into your 8V account.

    11.Reminder: please note that the cryptocurrencies bought from OTC will be available for withdrawal               after 48 hours.

Things to Keep in Mind

1. 24 Hours Trading

Different from the stock market, traders can trade cryptocurrencies 24 hours a day. You can buy in now and sell out in the next second. It is a very flexible trading mechanism. As a smart investor, you need to find the right timing to make a profit.

2. Purchase Bitcoins at the Right Timing

Everyone knows the theory of ‘Buy Low, Sell High’. However, it is very difficult to apply the strategy to bitcoins. Therefore, many people apply an automatic investment plan – whether the price increases or decreases, traders buy a certain amount of bitcoins at a certain time. This can effectively lower transaction costs. The lower the purchase price, the higher the profit. No one can tell the lowest purchase price of bitcoins; however, most experienced investors believe it is relatively safe to buy bitcoins when the price fall between 3,000 to 5,000 USD.

3. You Can Buy Bitcoins with a Small Amount of Money

Have you ever wondered how you can afford bitcoins when it is priced at over 10,000 USD per coin? Actually, the smallest unit of bitcoin is 0.00000001. You can buy 0.01 bitcoin, 0.0001 bitcoin, and any other amount larger than 0.00000001. You can decide how much you would like to pay to buy bitcoins. However, you will not be able to find a seller if you are only willing to pay a little. Once both seller and buyer reach an agreement, the deal can be done. Now, most exchanges allow users to directly buy bitcoins with fiat.

4. Where to Buy Bitcoins

This might be the most difficult question for a beginner. There are two different ways to buy bitcoins, one is trading in the field and the other is over-the-counter (OTC). Trading in the field is buying bitcoins in exchanges. It is a suitable way for traders who only want to buy a small number of cryptocurrencies. You need to find reliable exchanges. For a beginner, the most important thing is to ensure the security of funds. OTC is to trade in a group with a guarantor. In general, the trading amount is large such as 100 bitcoins. In this case, OTC is a better way to trade. However, you need to find a reliable and trustworthy guarantor.

This article has summarized the bitcoin purchase guide. If there is any question regarding trading cryptocurrencies, please feel free to contact 8V 7/24 online customer service staff. Thank you for your support!

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