Congratulations Dudes and Dudettes! You now know how bitcoin works and have your very own bitcoin wallet! Alright cool, but what now? Well now is where I talk to you about how we can get some bitcoins into those wallets of yours. Below are the different exchanges where you can purchase bitcoins for yourself. The reason why I am listing a few options is because on any given day the exchange rate will be different from one exchange to the next so it is important that you check out multiple exchanges to find the cheapest price for yourself.
With CoinMama you will be to purchase bitcoins with a credit card (Visa or Mastercard) or cash (through Western Union). CoinMama provides you with one of the quickest ways to purchase bitcoins. Their exchange rate can sometimes be a bit higher than others, but if you are in a hurry to get your bitcoins then CoinMama is the best option for you!
LocalBitcoins is one of the well known bitcoin exchanges out there. At LocalBitcoins people like yourself and I will post on the site listing the price they are willing to sell their bitcoins. The people posting to sell their bitcoins can be anywhere on earth or in the same town as you. You can discuss with the seller as to how you would like to make the payment – your options usually are by PayPal, meeting in person for cash or a bank transfer. LocalBitcoins also provides you with their own wallet, but I would suggest using your own wallet (as discussed in the Wallet Section). Once you make the transaction, you can have LocalBitcoin send your bitcoin(s) to your wallet address.
Coinhouse is a great place to buy bitcoins for all our European friends. If you are from Europe and feel more comfortable purchasing your bitcoins from a company based out of Europe then Coinhouse is right for you. Coinhouse complies to both Know Your Client (KYC) and Anti Money Laundering (AML) policies so you can feel rest assured the bitcoins you are purchasing are coming from someone legitimate. With Coinhouse you will be able to purchase your bitcoins through credit cards, cash or a bank transfer.
So…how does it feel owning your on bitcoin (or part of one)? I hope you’re pretty excited! Now lets see what you can do with your newly acquired cryptocurrency. See all the places you can spend your bitcoins by checking out the vendors page!