Buy Bitcoin (BTC) with Credit or Debit Card Online Instantly

Who Created Bitcoin

Bitcoin, the world's first and so far the most popular cryptocurrency, was created by an unknown person or group using the pseudonym Satoshi Nakamoto. The concept of Bitcoin was first introduced in a white paper published by Nakamoto in 2008, titled "Bitcoin: A Peer-to-Peer Electronic Cash System."

In his whitepaper, Satoshi describes Bitcoin as a payment system for electronic transactions that does not rely on trust. This system has a P2P structure and employs a proof-of-work consensus mechanism to record a public history of transactions, make the ledger resistant towards attackers, and prevent double-spending. The entire public ledger is maintained by nodes (miners), who use their CPU power to accept valid blocks to the ledger and reject invalid ones. Their work is rewarded in a form of newly generated BTC coins.

Before Bitcoin, traditional currencies were controlled by central banks and governments, and transactions required costly intermediaries, such as banks and payment processors. Bitcoin's blockchain technology removed the need for these intermediaries, allowing for direct transfers that were faster, cheaper, and more secure.

Despite the extensive research and analysis that has been conducted since Bitcoin's creation, the true identity of Nakamoto remains unknown. The mystique around the father of Bitcoin gave birth to multiple theories and speculations about who this person or team may be.

Some have speculated that Nakamoto was a group of developers working together to create an innovative digital currency, while others believe Nakamoto may be a genius working alone. There have even been rumors that prominent figures in the tech industry, such as Elon Musk or Craig Wright, could hide behind the nickname of Satoshi Nakamoto. However, none of these theories has been proven.

Since its creation, Bitcoin has evolved into a global phenomenon, and the blockchain technology that underpins it has become the foundation for new innovations in areas, such as finance, supply chain management, and voting systems.

Despite the secret personality of its founder, Bitcoin remains a groundbreaking achievement in the FinTech space. It has motivated many developers and innovators to explore decentralized technologies, and it will likely have a major role in the future of the global economy.

How Is Bitcoin's Market Price Determined

The Bitcoin price has been known to fluctuate rapidly, prompting many investors to wonder what drives the coin’s value. Unlike traditional fiat currencies that are backed by a government or financial institution, Bitcoin is a decentralized digital asset that operates independently of a central bank. As a result, factors that typically influence currency values, such as monetary policy tools, inflation rates, and economic growth metrics, do not apply to Bitcoin. Instead, its value is driven by several other aspects.

Supply and Demand

Like any other asset, Bitcoin’s price is determined by the demands and supply. The total supply of Bitcoin is capped at 21 million, with approximately 19 million in circulation as of now. This limited availability creates a sense of scarcity that drives the price of Bitcoin upward, particularly when demand increases. At the same time, when demand falls, the price of BTC drops.

Bitcoin Mining Costs

The production of Bitcoin takes place through the process known as mining. Miners solve complex mathematical equations to validate transactions and add new blocks to the blockchain. As a reward for their efforts, they receive freshly minted Bitcoin. However, mining is an energy-intensive and costly process. If the cost of producing Bitcoin exceeds its market value, it becomes less profitable to mine the cryptocurrency.

Competition

Bitcoin is not the only digital currency, and it faces stiff competition from other cryptocurrencies, such as Ethereum and Litecoin. When new cryptocurrencies enter the market, they compete against Bitcoin for investment dollars, and this can affect the value of BTC coins. Investors may choose to shift their holdings from Bitcoin to competing assets, putting downward pressure on its price.

Regulations

Governments and financial regulators worldwide are still grappling with how to classify and regulate Bitcoin and other cryptocurrency investments. Some countries have adopted crypto, helping Bitcoin-friendly businesses to thrive. Others have adopted a more restrained approach, trying to limit its use via regulations and rules. More restrictions and tighter regulations could drive Bitcoin prices down, while more liberal policies adopted in major countries could potentially push the price of BTC higher.

Media and News

Bitcoin receives significant media attention, particularly during periods of price volatility. Reports about large institutions adopting Bitcoin as a method of payment or investment can increase demand and send its price soaring. Conversely, negative news, such as fraud or the Bitcoin network security breaches, can lead to decreased demand, causing its price to fall.

Why Buy Bitcoin

Bitcoin has become a popular alternative to traditional fiat currencies since its inception. Once as cheap as $0.004, BTC reached its all-time high price of $70000 in November 2021, allowing Bitcoin investors with a long-term strategy to reap astonishing gains. So, it's hardly surprising that many people consider purchasing crypto.

Scarcity

Bitcoin is scarce and finite. It's a limited commodity that isn't controlled by any government or financial institutions. Bitcoin has a fixed supply of 21 million BITcoins, ensuring that the asset retains its scarcity value, which is something traditional fiat currencies lack. The scarcity of Bitcoin's nature makes it a desirable asset, particularly in the current market, where government-backed currencies can be devalued in a matter of seconds through quantitative easing practices. With Bitcoin's limited supply, you can be confident that your investment stands a chance of retaining its value over time.

Transparency

The transparency of Bitcoin is another reason it's an attractive option for investors. When compared to traditional financial assets managed by the Federal Reserve, Bitcoin is more transparent because transactions can be seen by anyone with an internet connection. Bitcoin's decentralized blockchain technology inherently creates a secure and transparent system that's open to anyone who wants to look.

Potential for Great ROI

Bitcoin has the potential for great returns, and this is one of the reasons why people buy it as an investment. Bitcoin is known to periodically experience significant price increases, with gains of up to 1,000% being common. Granted, Bitcoin's price can also be highly volatile, and prices can fluctuate dramatically, making it a risky investment asset. For investors who understand the nature of cryptocurrency and can tolerate the risk, high return potential is an incredible prospect.

Hedge against Inflation

Bitcoin, like other cryptocurrencies, can be used as a hedge against inflation. Inflation can eat away at the value of traditional fiat currencies, rendering them worthless over time. Bitcoin has a fixed supply and is decentralized, providing a hedge against inflation. This makes it a valuable asset, particularly during periods when inflation rates are high.

Best Ways to Buy Bitcoin Safely

For those seeking to buy Bitcoin (BTC), cryptocurrency exchanges are the best option, thanks to their diverse range of features and the availability of plentiful assets for trading. By utilizing these outlets, investors are able to buy and sell cryptocurrency from the comfort of their home, while the purchased crypto can be stored either on online wallets or moved to an offline hardware wallet for safekeeping.

Crypto exchanges offer a wide variety of payment options, including credit/debit cards, bank transfers, and a range of e-wallets. This makes it easy for users to buy Bitcoin (BTC) using the method that is most convenient for users.

Such platforms also maintain high levels of security, with all transactions conducted using SSL encryption and two-factor authentication.

Many crypto exchanges come with an integrated crypto wallet or at least a preferred partner where users can safely hold Bitcoin. Some buyers, however, do not feel comfortable leaving their virtual assets connected to the internet, where hackers can easily steal crypto. Large exchanges also offer private insurance programs to reimburse clients if their coins are stolen.

How to Buy Bitcoin with a Credit and Debit Card

Purchasing Bitcoin with a debit or credit card is a convenient and fast route to get started with investing in cryptocurrency. Here is how to do so:

1. Choose the right Bitcoin exchange. There are a variety of cryptocurrency exchanges that allow you to buy Bitcoin (BTC) with a debit or credit card. Some popular companies include Changelly, Coinbase Pro, and Binance. Compare fees and features of each trading platform before making a decision.

2. Create an account. After selecting an exchange, you will need to create an account. This typically requires providing your name, email address, and a password. Identity verification can also be required, demanding you to include a copy of your ID document and confirm the source of funds.

3. Add a payment option. Once your account is up and running, you will need to add a credit or debit card as a payment method. This typically involves entering your card number, expiry date, and a secret code.

4. Purchase crypto. After your payment method is verified, you can buy BTC on the platform. Enter the amount of local currency you want to spend, and the exchange will show you how much Bitcoin you will receive based on the coin’s current price and the trading fee involved.

5. Store Bitcoin. After your payment is complete, Bitcoin will appear in your platform’s internal storage. It's important to remember that cryptocurrency exchanges are not wallets. To ensure the safety of your digital asset, transfer it to a secure personal wallet that you control.

How to Buy Bitcoin with Bank Transfer

Thanks to the many crypto exchanges available, you can purchase Bitcoin in a few clicks. Here is your course of action when you want to incorporate your bank account funds to become a Bitcoin owner.

1. Create an Exchange Account. You'll need to register with a reputable crypto exchange that accepts bank transfers. Some popular vendors include Coinbase, Binance, and Kraken. Follow the sign-up instructions provided by your chosen platform, and don't forget to verify your identity, so you can trade fiat for crypto.

2. Add Bank Account Details. Once you have an exchange account, you'll need to link your bank account. This is usually done in the "Deposit" section of your account settings. Make sure you have the correct account information handy, including your bank routing and account numbers.

3. Initiate the Transfer. Now that your account is all set up, it's time to initiate the wire transfer. Most exchanges offer wire transfers as one of their primary payment methods for online payments. The website will provide you with prompts on how to launch the transfer, while informing you of any deposit fees that may apply.

4. Wait for the Transfer to Clear. It can take up to several business days for the wire transfer to complete and for the funds to reflect in your exchange account. Be patient and keep an eye on your account balance.

5. Buy Crypto. Once the funds are in your exchange account, you're ready to buy Bitcoin (BTC)! Navigate to your exchange's crypto trading section, select the amount you want to purchase, and execute the trade. Do note that there may be trading fees involved, so be sure to review your platform’s commission schedule before making a trade.

6. Congratulations, you've just bought Bitcoin with a bank transfer! Remember to keep your Bitcoin in a secure crypto wallet and to never share your private keys with anyone.

How to Buy Bitcoin with Apple Pay or Google Pay

Many exchanges in the crypto space, including Changelly, offer Bitcoin purchases via Apple Pay or Google Pay. This provides crypto traders with great flexibility, as buying Bitcoin is done through a cash app on the mobile device and within a few minutes.

Buying Bitcoin using Apple Pay

1. Make sure you have a debit or credit card linked to your Apple Pay wallet.

2. Install the iOS app of your selected crypto exchange platform and log into your account (or create a new one, completing a KYC process, if necessary).

3. Go to the “Buy Crypto” section and select the crypto you'd like to purchase, such as BTC.

4. Enter the amount of Bitcoin and select “Apple Pay” as your payment method.

5. Preview the order and double check the payment details.

6. Let Apple Pay authorize the Bitcoin purchase via Face ID or Touch ID depending on what is enabled on your iOS mobile device.

Buying Bitcoin using Google Pay

1. Make sure you have a debit or credit card linked to your Google Pay.

2. Install the Android app of your selected cryptocurrency exchange platform and log into your account (or create a new one, completing a KYC process, if necessary).

3. Go to the “Buy Crypto” section and select the crypto you'd like to purchase, such as BTC.

4. Enter the amount of Bitcoin and select “Google Pay” as your payment method.

5. Preview the order and double check the payment details.

6. Let Google Pay authorize the purchase via a password or an SMS code, depending on what is enabled on your Android smartphone.

How to Buy Bitcoin with PayPal

Customers in certain areas, such as the U.S. and U.S. Territories, can use their PayPal accounts to buy Bitcoin Cash, Bitcoin, Ethereum, and Litecoin directly via PayPal. It can also be used to sell Bitcoin or other supported coins, as well as to store and transfer assets to and from the platform.

You can buy cryptocurrency simply in the mobile app, starting with as little as $1 with the funds already available in your PayPal balance. You can also use your virtual currencies to purchase products and services through the PayPal "Checkout with Crypto" feature.

If you live in a place where your PayPal account cannot be incorporated for crypto investing, there are several workarounds available. P2P exchanges that provide a direct connection between users can enable transactions with PayPal funds. Paxful is an example of such a service. After establishing an account, users can publish requests to buy or sell Bitcoin, indicating the preferred payment method and the desired price of BTC.

Traditional brokers, like Robinhood, Fidelity, and eToro, have also embraced the power of crypto trading, while welcoming PayPal as a funding source. These brokerages may also offer advanced trading features, such as futures contracts on Bitcoin, where traders can speculate on the future value of Bitcoin without owning any of the coins directly. Some platforms can also offer a recurring buy option. A recurring buy is a feature that allows an investor to automate the process of buying a certain amount of a crypto asset at regular intervals, such as weekly or monthly, using a fixed amount of money. This approach is also known as dollar-cost averaging, as it allows investors to accumulate Bitcoin over time, regardless of its price fluctuations.

How to Buy Bitcoin from an ATM

The most common and immediate way to buy BTC is through an online exchange. For example, you can buy Bitcoin (BTC) on Changelly using your bank card and get crypto instantly with little hassle.

However, some buyers want to pay with cash. Buying a crypto asset with physical money isn't as hard as it seems. One way you can do so is peer-to-peer, meaning you can find a person in your locality and buy crypto from them. This could take a bit more time and effort than most people would enjoy. Another convenient and less invasive tactic is to purchase Bitcoin at a crypto ATM.

Here is how you can tackle this project.

Get a Bitcoin Wallet

You should equip yourself with an easy-to-use Bitcoin wallet. You'll need to bring this wallet (or a printed QR code) along with you, to the machine. Note, if your cryptocurrency wallet does not support Bitcoin, you will lose your deposited money.

Find the Closest Bitcoin ATM near You

Online sites like Coin ATM Radar allow you to discover Bitcoin ATMs in your neighborhood, customizing the search by the desired crypto coin, fiat currency, and the nature of operation (“buy or sell”). All you need is the QR code for your wallet address and some money.

Scan a Bitcoin QR Code

Approach the machine and activate its touchscreen with a tap, then follow the on-screen prompts.

• Select the target cryptocurrency: BTC.

• In your digital wallet, find your address's QR code.

• Lift it up to the machine's camera, so it can scan it. This lets the machine know where to send your BTC once you've completed your purchase. Note: identity verification may be required for larger Bitcoin transactions.

Purchase Bitcoin

After scanning the QR code, the ATM will ask you to insert your banknotes. Confirm the deposited currency amount on the screen to finalize the purchase. You will see a transaction fee, which may vary based on the ATM operator and the current Bitcoin market.

Send Bitcoin to the Wallet

After completing the purchase, your crypto assets will be delivered to the address you specified. Typically, transactions happen quickly, although in rare instances it may take 10-30 minutes or even 1-2 hours, depending on the network congestion. It is wise that you wait for at least one confirmation on the Bitcoin Blockchain before you spend or send your purchased funds.

How to Buy Bitcoin with Cash

When purchasing Bitcoin or other cryptocurrencies, using cash can offer a slew of advantages. Most notably, cash transactions offer a level of privacy that can’t be found when using a traditional crypto exchange, meaning that you won't have to divulge any personal information for identity verification. This makes buying with cash a safer alternative to using a credit or debit card, as it mitigates the risk of identity theft.

Not only is buying Bitcoin with cash safer, but it’s also much faster than completing an exchange transaction or bank transfer. Bank deposits typically take between one to three business days to come through. Meanwhile, centralized exchanges often require identity verification prior to any transactions being made, which can take days or even weeks, depending on the exchange. Opting for a cash trade can save you valuable time and hassle.

Here are some of the easiest avenues for purchasing BTC with hard, cold money.

Bitcoin ATMs

These specialized crypto kiosks allow you to purchase BTC or other cryptocurrencies with cash. There are over 20,000 Bitcoin ATMs globally, and they charge transaction fees of around 5-10%.

Peer-to-Peer Trading Platforms

Such platforms connect Bitcoin buyers and sellers directly. The buyer can pay the seller with cash or bank transfer. Some popular P2P trading platforms include Paxful and Bisq.

Bitcoin Vouchers

Purchase prepaid Bitcoin vouchers or cards from selected retailers, such as Bitit, Coincards, and Bitrefill. These vouchers can be redeemed for Bitcoin on various cryptocurrency exchanges.

Over-The-Counter Trading

OTC trading is a type of Bitcoin trading that happens off the exchange. It involves buying Bitcoin from brokers who have large supplies of BTC. The buyer can pay with cash, bank transfer, or other payment methods.

Bitcoin Gift Cards

Similar to vouchers, Bitcoin gift cards allow users to purchase Bitcoin with cash or other payment methods. They can also be given as gifts to others who may want to get involved in Bitcoin trading.

Crypto Exchanges

Some digital asset exchanges, such as BitQuick and Wall of Coins, allow you to purchase BTC with cash at participating banks or retail stores.

Local Bitcoin Sellers

You can also find local Bitcoin sellers on Craigslist or other classified ad platforms. Always be cautious of scams or fraud when dealing with unknown sellers.

All of these methods involve a range of fees, security measures, and services, so be sure to do your research before deciding which method to use.

How to Buy Bitcoin with a Prepaid Card

Prepaid cards are convenient payment methods that come with money already loaded onto them. They're perfect for setting spending limits and preventing you from going over budget. Once the funds have been used up, simply top-up the card to continue making purchases.

There is no shortage of exchanges, brokers, and crypto trading platforms to welcome prepaid cards as payment for Bitcoin. To embark on this path, you need to do the following:

• Select a reliable crypto service provider that accepts prepaid cards for Bitcoin trades.

• Create your account on the selected platform by entering your email, full name, telephone number, and password. It's important to activate your account by clicking on the link which will be sent to your email.

• Provide the necessary documents to verify your new account. Keep in mind that this process might take a while, but for some platforms, you may be able to access certain features without having to provide KYC documents.

• Once your account is verified, enter the details of your prepaid card to facilitate your Bitcoin transaction. From there, enter the amount of Bitcoin you wish to purchase, and wait for the transaction to be confirmed.

• Confirm if sending Bitcoin to your wallet was successful. You can do this by navigating to your wallet and checking the balance of your Bitcoin.

The Best Place to Buy Bitcoin (BTC)

Changelly is one of the best crypto exchanges in the industry because it offers a unique service that allows users to buy and sell Bitcoin and hundreds of other coins at the best rate.

When a user wants to buy or sell a particular cryptocurrency, Changelly's robot automatically finds the best exchange rate and executes the transaction on behalf of the user. This means that users get the best rate possible without having to manually search multiple exchanges themselves. The process is quick and easy, making Changelly a popular choice for cryptocurrency traders.

Changelly was established in 2013 and has since become one of the best cryptocurrency exchange companies in the world, offering over 500 crypto listings and being available in more than 180 countries. Changelly takes security seriously and uses advanced encryption and security measures to ensure that your personal and financial information is protected at all times. Plus, the platform works with reputable exchanges, ensuring the safety of your funds.

Changelly also has a dedicated support team that is available 24/7. Whether you need help with a transaction or have a question about the platform, you can count on prompt and courteous assistance from the team.

What Can You Buy With Bitcoin

Bitcoin has emerged as a popular digital currency that is accepted by many businesses and organizations around the world. You can use Bitcoins to buy a wide range of goods and services, from a cup of coffee to a luxury car.

Several famous businesses, such as Microsoft, Overstock, and Expedia, have started accepting Bitcoin as a mode of payment. You can use your Bitcoin wallet to book flights, rent a hotel room, and even pay for legal services.

You can purchase different stuff on popular websites, such as Etsy, Shopify, and Newegg. Even charitable organizations, such as the Red Cross and United Way, have begun accepting Bitcoin as a form of donation.

Many food and beverage establishments, such as Subway and Starbucks, now let you pay with Bitcoin to treat yourself with something delicious.

The potential uses of Bitcoin are endless, and as more and more businesses come to accept it, the versatility of this currency is becoming more apparent.

Where to Store Your Bitcoin

As a Bitcoin investor, you need a reliable and secure place to store your investments. A crypto wallet is a digital or physical solution that enables you to store, receive, and send Bitcoin. A crypto wallet acts as a bank account that allows you to manage your BTC assets.

Bitcoin wallets can be divided into two main categories: hot wallets and cold wallets.

Hot wallets are connected to the internet and are more vulnerable to hacking attempts. Hot wallet solutions are often used for quick and convenient transactions, such as buying goods or services with Bitcoin. Some examples include online wallets, digital wallets, and mobile wallets.

Cold wallets are not connected to the internet and offer a higher level of security. Cold wallet products are ideal for storing large amounts of Bitcoin for a longer period. Some examples include hardware wallets, paper wallets, and offline wallet software.

Hardware wallets are physical devices that store your private keys and require a button press or physical confirmation for sending Bitcoin. They are considered as the most secure option for storing Bitcoin. Examples of such crypto wallets include Ledger Nano S, Trezor, and KeepKey.

Paper wallets are another cold storage variety that involves printing out your private key on a piece of paper and storing it in a secure location. This method is considered the most secure way to store Bitcoin, as it is completely offline and less vulnerable to cyber attacks.

Mobile wallets are hot storage options used to store small amounts of Bitcoin on your phone. They are convenient for quick transactions, but not recommended for storing large amounts. Examples of mobile wallets include Mycelium, Coinbase Wallet, and Trust Wallet.

Choosing the right Bitcoin wallet depends on your security needs and intended use. If you plan to store large amounts of Bitcoins for a longer period of time, a cold storage option, such as a hardware wallet or paper wallet, is recommended. If you need to make quick transactions, a hot storage option like a mobile wallet or an online wallet with an active internet connection is more appropriate. Regardless of your choice, always remember to keep your private keys away from unauthorized access.

How to Cash Out Bitcoin

To sell Bitcoin directly for cash, you can use the same platforms where you initially bought the cryptocurrency, such as cryptocurrency exchanges or P2P platforms. The process for selling Bitcoin is often similar to that of purchasing it.

Fees are charged by cryptocurrency exchanges based on a percentage of the crypto sale amount, and some may also charge a fee when customers cash out their crypto depending on the chosen payment method.

Exchanges typically have daily and monthly withdrawal limits, which may delay the availability of funds from a large sale. However, other platforms may have no limit on the amount of cryptocurrency that can be sold.

Some companies also offer debit cards that allow users to spend Bitcoin at merchants that accept bank cards, or to withdraw cash from ATMs. These providers include:

• Bitpay

• Wirex

• Coinbase

• Cryptopay

• TenX

• Spectrocoin

• Shift Card

• Uquid

• WageCan

• Bitwala

It is also possible to use gift cards as a way to sell Bitcoin for money. There are several online platforms and marketplaces that allow you to exchange your BTC holdings for gift cards from popular retailers such as Amazon, Walmart, and iTunes. These platforms typically charge a fee for their services, which can vary depending on the amount of BTC you are looking to exchange and the type of gift card you are interested in. popular providers of gift cards for Bitcoin include:

• Bitrefill

• eGifter

• Gyft

• Fold App

• Purse io