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How to Buy Bitcoin in 2022: Bitcoin (BTC) the Most High-Demand Cryptocurrency

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Most probably, everyone knows about Bitcoin (BTC) in this digital age. Let’s understand how to buy Bitcoin (BTC) in a little detail. Bitcoin (BTC) is a decentralized cryptocurrency that can be transferred on a peer-to-peer network. Blockchain and Bitcoin (BTC) are both mysteries always together as Bitcoin (BTC) holders can perform transactions through verified network nods of cryptocurrency recorded in a public ledger named Blockchain.

Bitcoin (BTC) is decentralized in nature. That’s why it is operating with zero government and bank involvement. And most interestingly, Bitcoin (BTC) was the first cryptocurrency launched in 2009. Initially, bitcoin was launched by a person named Satoshi Nakamoto to send instant payment from one party to another without involving banks, governments, and financial institutes.

How Bitcoin BTC actually works

Currently, Bitcoin is trading on $18 629 with a market cap of $356,973M, and its price varied over the seconds through live trading. We are only giving stats from the Binance site at the current time and dates. The attached Screenshot was taken from Binance‘s official website. 

There are various and verified groups of minors by crypto to validate each block within the blockchain hub. for Bitcoin BTC, it usually takes 10 minutes due to conventional payment methods. Some retailers like Microsoft, Overstock, and Whole food are the names merchants and retailers.

where to buy Bitcoin BTC

To buy Bitcoin BTC, like all other cryptocurrencies, you need to visit a crypto exchange where sellers and buyers are already there to exchange cryptocurrencies, including Bitcoin BTC, Green metaverse token, BNB, Ethereum, and many more. There are various exchanges, but being a beginner, you have to choose an exchange offering high security and low transaction fees.

There was a great hike in cryptocurrencies in 2021 when Bitcoin touched the highest price of $64,800. Despite recent setbacks, Bitcoin BTC still remains a hot and new class of asset among digital investors.

In 2022 Bitcoin BTC will remain top of google searches and even more popular than TikTok, “top restaurant near me,” and NFL. If you don’t know about the exchanges, don’t worry, we are listing here the best picks for you. Please explore and choose which one fascinates you.

List of centralized exchanges to buy Bitcoin BTC

  1. Binance
  2. Coinbase Exchange
  3. FTX
  4. OKX
  5. Kraken

List of decentralized exchanges to buy Bitcoin BTC

  1. Kwenta
  2. Balancer
  3. Shibaswap
  4. PancakeSwap
  5. Uniswap-v3

A detailed guide on how to buy Bitcoin from exchanges

The process of registering and buying Bitcoin from exchanges is quite similar. Users have to create an account on exchanges mobiles apps or websites and then follow the provided steps to execute the Bitcoin buying process. We are going to explain the process to buy Bitcoin from the Binance app or website in a step-by-step guide.

When you want to buy cryptocurrency or Bitcoin and don’t know how to buy, then you are at the right place techywired will lead you step by step to buy Bitcoin. We choose a centralized exchange name Binance for you because it is the most trustworthy, giving low rates and high security.

Step one: Create an account on the Binance app or Binance website.

In the first step, you have to visit the play store, apple store, or Binance websites to create an account with your identity card, email address, mobile number, and other necessary steps. The Binance app or website asks you to prove your identity and other verification steps to register an account to buy Bitcoin BTC and other high-demand cryptocurrencies.

All you need to do is create an account and buy Bitcoin   

  • A mobile application
  • An email address
  • A phone number
  • Identity card

Step two: Select how you want to buy Bitcoin from your app or website account on a laptop or desktop.

Open the application or website with your login details and choose click on “buy crypto” on the top left corner.

Note: It is important to note that for convenience, you need to buy a stablecoin first such as USD and BUSD, and then use these stable coins to buy Bitcoin BTC.

A. you can use a debit or credit card

If you are newly registered on the app or website, then there is an easy way to buy Bitcoin BTC through bank debit and credit cards on the Binance app.

B. Bank deposit

If you are using a bank account, then transfer fiat currency from your bank account to your Binance account and then transfer the amount to buy Bitcoin BTC.

C. P2P(peer-to-peer) trading option

You can also use the Binance peer-to-peer service to buy Bitcoin BTC directly

D. Through third-party payments

Third-party payment is allowed by some centralized and decentralized exchanges in a few regions. For this, you need to make sure if your region allows third-party payment to buy Bitcoin BTC or any other cryptocurrency or not.

Why we chose the Binance platform for you to utilize and create an account to buy Bitcoin BTC because it is a verified, tested, and fast-track platform for beginner or experienced crypto lovers to register and buy Bitcoin with low fees and high security, the Binance website and application algorithm are so fast as it can process more than 1,400,000 orders in a second.

The process on Binance is so smooth, secure, and simple. Unlike other platforms, you just need a few steps to buy your favorite cryptocurrency.

Final Verdicts

The cryptocurrency market is in flux. We have seen the rise and fall of this, but still, this market has the potential to grow and stand again. The conventional way to make payments is through hard cash, and bank transactions are a bit slower and time-consuming.

Moreover, the investment landscape has changed with the birth of cryptocurrency, a new digital decentralized blockchain-based currency type. In this article, techywired listed authentic, centralized, and decentralized exchanges to buy Bitcoin BTC. Moreover, this article explained the step-by-step process of buying Bitcoin by using the Binance application or website.

Conclusions

Cryptocurrency is a fast-paced and unstable digital money market. To date, we have seen many ups and down with the prices of Bitcoin and other popular cryptocurrencies. Techywired provided a detailed overview of the cryptocurrency mechanism and Bitcoin buying process through exchanges for beginners and experienced traders.

Bitcoin (BTC) is a decentralized cryptocurrency that can be transferred on a peer-to-peer network through Blockchain technology. For a person unaware of cryptocurrency or Bitcoin is hard to understand how they can buy Bitcoin BTC. Techywired writers have listed a detailed and easy process to buy Bitcoin. Moreover, everything has been narrated in easy steps, from account creation to buying process of Bitcoin BTC.

Muhammad Imran
Muhammad Imran has been writing reviewing, editing, and proofreading website content from the tech domains including computing, gaming, cryptocurrencies, latest trends in the IT sector. Exploring today's technology for tomorrow's possibilities at the Techywired platform to keep updating readers on what really meaningful in this digital age.

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