As a beginner that just have little knowledge about Bitcoin, where to buy bitcoin and start invest is the major challenge. You might have different sources through a google search, but the genuinity of those sources is another thing you need to think about most especially if we a huge amount of fiat currency to start our investing. If you can get it right by buying bitcoin as your first cryptocurrency through your fiat currency, all other cryptocurrencies of your choice will become very easy for you to invest in through the help of exchanges.
I am writing this article to help the newbies that are just coming into the crypto world where they can easily and safely buy their first bitcoin with their fiat currency without being scam. Local Bitcoin(
https://localbitcoins.com) is one of the best platforms that can help you out as a beginner. The beauty of this platform is that you can buy and sell or send to any exchanges to start trading it with other cryptocurrencies. The platform is designed to use all locations across the world. If your resident is the UK or US, you will use your local currency or fiat currency to buy the bitcoin of your choice.
HOW TO BUY BITCOIN WITH LOCAL BITCOIN
Stage 1. Registration
Register your free account with the
https://localbitcoins.com and confirm your account by clicking a that will be sent to your email
Stage 2. National ID Submission
You will need to submit a national Id for confirmation before you can be authorised to use the account for any transaction.
Stage 3. Searching for advertisements
After the confirmation of your account, are you now set to buy your first bitcoin. Search for advertisements through the main page to get the amount you want to buy in your currency. Thereafter, you will be directed to choose a method yours from the drop-down list. In a situation where you are not that to sure of a payment method, you will have to choose "All online offers" as a payment method and it will display a list of bitcoin traders from your location.
Stage 4. Select an advertisement
You can now choose one trader with a good reputation score with a high volume of trades from the list displayed. A response time will be displayed and the maximum time of all responses shouldn't be more than 90 minutes, else it will be cancelled.
Stage 5. Making Payment to the seller
After selecting the buy button the, the responses time will start counting and you will have to pay the seller before the response finish.
Stage 6. submission of evidence of payment
You will have to submit evident of payment through the chat box to the seller and stop the responses time.
and Immediately your account will be credited with your bitcoin after the seller confirmation.
This transaction can be completed within 5 to 10 minutes if you are doing fiat currency transfer with your local bank.