Guide To Purchase and Buy Bitcoin in 2020
How To Purchase Your First Bitcoin
It is quite easy to purchase bitcoin.
The first thing you need to do is to select one of crypto exchanges to start with. If you don't know which one to select, please refer to "Best Cryptocurrency Exchange" or click menu on the top right of the website. We will take Binance as a sample. Binance is the world's leading crypto exchange offering hundreds of cryptos and payment methods.
First of all, you need to sign up a free Binance account. If you don't a account yet, click the button below to sign up an account.
Instant Buy Bitcoin With Binance
Once you have signed up an account with Binance, you could instant buy bitcoin or other cryptos from Binance, no matter who you are or where you are from.
Buying bitcoin instantly from Binance would be an option, If you are lucky to have credit cards issued from any of countries: Russia,Turkey,Ukraine,Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK, Iceland, Liechtenstein and Norway.
If you don't have credit card issued from above countries, you could still buy / sell bitcoins with authorized vendors from Binance. Meanwhile Binance offers hundreds of cryptos vs cryptos spot and margin trade without credit cards necessary. It is quite easy.
After signing in Binance, click "Buy crypto" and choose "Add a new card" to buy your bitcoin. If you are resident from the countries other than above, select other payment methods. It is pretty straightforward and easy. Usually it takes less than 5 mins to complete the whole process. If you choose other payment methods, it might take longer time. If you don't have Binance account yet, click the button below to sign up an account.
Why Invest in Bitcoin? 100,000% up gained since 2010.
Bitcoin is the best performance asset in 2019, compared with major traditional assets. If holding for longer term, the performance is even better.
Basic concepts about Bitcoin BTC and Other Cryptocurrency
What is minimum bitcoin I could buy?
Technically you could buy 1 / 100,000,000 bitcoin, which is 1 satoshi. However, most of the platform has a minimum transaction size, for example Binance instant buy requires min 10 USD to buy. If you still don't have bitcoin, click below and buy some to protect your future. Also you are welcome to visit other articles to learn more about bitcoin and cryptos.
Is bitcoin ASIC mining profitable anymore?
Yes, it is still profitable. Otherwise there would be nobody packaging blocks for bitcoin transactions. (as long as bitcoin transactions are still happening, mining is profitable.)
What will happen to Bitcoin if there is no halving mechanism in place?
Satoshi creates bitcoin to fight against inflation (yes, bitcoin was invented at 2008 right after financial crisis and central bank injecting liquidity).
If there is no halving, there would be no bitcoin.
Is Bitcoin a token?
There is no clear definition of token, the term. From general public understanding, yes, bitcoin is a token.
From blockchain / crypto industry, tokens usually are referred to “something with value” built on a public chain or smart contract, such as ERC20 tokens (Ethereum based). Bitcoin is bitcoin, other copycats of bitcoin are called “alt-coins”
From regulators view, In USA for example, IRS thinks both bitcoins and tokens are virtual currencies or assets. FINCEN thinks bitcoin and tokens are currencies or money. SEC / CFTC thinks bitcoin is commodity while tokens could be securities.