Buying Bitcoin (BTC) allows a person to simultaneously make a profitable investment and prove to others his success. Even taking into account some exchange rate fluctuations in the long term, all experts predict growth, and the number of operations conducted using the asset is increasing exponentially. An easy way to own coins is to buy Bitcoin (BTC) for US dollars (USD) through an exchanger. To those who have never used such services and have no relation to the world of crypto, the process seems complicated and risky. But in practice, special knowledge and experience are not required for successful transactions – it will be enough to orient yourself in the order of actions and choose the right platform.
The main points when exchanging USD to BTC
An unambiguous advantage of Bitcoin is that it is supported by almost all platforms for exchanging fiat money for crypto. On the other hand, the variety of options makes you spend extra time and effort to find a site. Before you start comparing and even more so conducting transactions, remember the following:
- You can transfer US dollars (USD) to Bit Coin exchangers through exchanges, P2P services. They differ in maximum amounts, speed and number of transactions per day/week/month, requirements for the participants of transactions, the size of the commission.
- In advance, the buyer of Bitcoin cryptocurrency needs to create a virtual wallet where the coins will arrive. When selecting, take into account the purpose of the acquisition, the frequency of further operations, plans to expand the investment portfolio, reputation.
- An investor in BTK does not necessarily need to purchase a whole coin, the cost of which is about 100 thousand dollars. Deals on buying a quarter or half of BTC are common.
- It is risky for beginners to make deals during periods of sharp exchange rate fluctuations – at any moment the price can rise or fall, which will disrupt plans.
- Registration and verification on sites offering to exchange dollars for Bitcoin are different things. In the first case, it is enough to specify a login with a password, email and mobile number. Verification involves a comprehensive identity check with sending scans of documents, which takes a lot of time.
An important point – always check the data specified in the online exchange form. Minimal inaccuracy leads to sending funds to someone else’s account or canceling the operation.
Advantages and features of using the exchange
Inexperienced buyers of BTC for U.S. dollars (USD), it is important that the transaction took place without delays and unnecessary commissions, and the rate was as favorable as possible. Special attention is paid to confidentiality and protection of assets. Exchangers seem to be the optimal choice, because:
- no need to verify;
- commission is displayed at the start – exchanges often hide the amount of transfer fees until the last moment;
- coins are credited within a couple of minutes (maximum in 1 hour);
- the interface is intuitive;
- there are no additional conditions for transactions.
To get the necessary amount of Bitcoin for USD, go to the exchanger and specify the currency pair, then enter the amount and wallet number. The last step is to confirm the transfer after verifying the correctness of the entered information. Data on debiting and charging are received as soon as possible.
