Bitcoin buying tutorial

Once you are fully acquainted with Bitcoin, the next step is to buy it. In this article, we will explain in simple language how to buy bitcoin and safely store this digital currency. As you probably know, bitcoin has no physical form and is transferred digitally. Therefore, you do not need to buy bitcoins in person, but it is done online and through the Internet.

How to buy bitcoin in Iran? Bitcoin buying tutorial Overview:

Also, the question that always arises for beginners is, do we have to spend a few thousand dollars and buy a bitcoin unit? No, you do not have to buy a whole bitcoin. Like gold, which you can buy a few grams of, bitcoins can be divided into eight decimal places, and for example, you can buy 0.001 from one bitcoin or even as much as 500,000 tomans of bitcoins.

Although Bitcoin can be purchased in other ways, such as Telegram or WhatsApp groups, or from individuals, the safest way is to go to a reputable exchange website. Due to semi-anonymous bitcoin transactions, buying this digital currency through social networks and people you do not know enough about is very risky and in case of fraud, the next legal proceedings will be very difficult.

If you live in Iran, in an Iranian exchange site, you can easily buy bitcoins directly with your bank card or convert your other digital currencies into bitcoins. If you live abroad, you can buy bitcoins with a credit card or bank account from a foreign exchange.

To buy bitcoins from an exchange, just follow a few simple steps:

  • Install bitcoin wallet
  • Find a valid bitcoin exchange
  • Perform authentication with identification documents
  • Buy bitcoins and get in the wallet

Install bitcoin wallet

Before buying bitcoins, you should know that you need a place to store bitcoins. Bitcoin wallet can be considered as your bank account that can be used to receive, store and send bitcoins.

There are different types of bitcoin wallets and they are offered with different names. If we want to explain wallets very quickly, software wallets are free and can be easily installed on mobile phones (Android and iOS) or personal computers (Windows, Linux, and Mac). Some other wallets are also portable and can be accessed through web browsers (such as Chrome). Hardware wallets, on the other hand, are more physically available and must be purchased.

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To get acquainted with the top bitcoin wallets, we recommend you to read the article “The best bitcoin wallets; But if you are looking for a safe option, you can start with Trust Wallet software. Trust Walt, which has the highest number of installations among all wallets, is only available for mobile.

To receive bitcoins, you must provide the address of your bitcoin wallet at the time of purchase. A bitcoin address is a text string, such as a bank account number, that is displayed inside your wallet (from the Receive section).

Take security seriously

In the world of bitcoins and digital currencies, you are responsible for maintaining your assets. Bitcoin transactions are semi-anonymous and irreversible, and it will be very difficult to track if your bitcoins are transferred due to non-compliance with security measures. Also, if your wallet is deleted and you do not have a backup of it, you should say goodbye to your bitcoins forever.

Therefore, be sure to back up your wallet so that you can recover your money if your wallet password is lost or the device on which the program is installed breaks down. Backup wallets usually give you a set of 12 or 24 English words that you should write down in a safe place. In the event of any problems, you can use those words to easily access your assets.

Also, if you use your computer to store your digital currencies, be sure to install a valid antivirus on it, always keep your software up to date, and never open suspicious files or links. Also, be sure to check the address a few times before sending bitcoins, as some malware will change the address at the time it is sent and replace the hacker’s address.

If you are planning to invest a lot of money, we suggest buying a hardware wallet. Ledger and Trezor are two of the best hardware wallets on the market.

Find a reputable bitcoin exchange

After choosing and installing a Bitcoin wallet, you need to find a reputable seller. You can buy bitcoins online from both real people and sites like Digital Currency Exchange. Given the many scams in this area, we suggest that you buy bitcoins from reputable exchanges and do not trade on social networks with people you do not know.

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