How To Legally Buy Bitcoin – A 2020 Guide
Bitcoin! Hope Bitcoin is no longer the new term in 2020! and actually in the year 2018,Guest Posting What is Bitcoin? Is the highest search query on google. Now People changed! They really want to buy bitcoin, They have transformed from the state of understanding Cryptocurrencies to acquiring it.
There are more than 100 Cryptocurrencies in Existence but Bitcoin is the King among them. The price of 1 BTC in the year 2012 is 13$ and now its price is $11,045.
Just look at the magical growth, Marvelous, is n’t it?
In the month of March 2020, the Indian government removed the ban for Cryptocurrencies within the short span of time there was a significant rise of Indians in the Cryptocurrency Exchanges. popular Exchanges like Paxful, Wazirx have attained record-breaking trade volume in their Exchanges. Recently the USA laid The Cryptocurrency Act 2020 to facilitate Cryptocurrencies in the country.
We can spot the global growth in the Crypto Industry. Many countries such as Newzealand, Australia, Canada, etc are also attained trademark growth. The everlasting growth of bitcoin, makes people go crazy about it. Many out there are still searching for better Backup wallet options to buy bitcoins in 2020. Especially during this Covid 19 pandemic, many people have turned towards investing in cryptocurrencies and making money from home in various ways. Here we are going to explore the best possible ways you can legally buy bitcoins in 2020.
How To Buy Bitcoin In 2020?
Well, Do you want to buy bitcoin? then,
The very fundamental thing you need is a “Bitcoin Wallet”
The Bitcoin wallet is the one and only place to store bitcoins. It is broadly classified as Online Wallet and offline wallet. Some Cryptocurrency Exchanges provide an inbuilt wallet to perform trading but it is advisable to create a bitcoin wallet in private to get bitcoins from various methods.
Here we go!
Cryptocurrency Exchange Platform
The very first choice to buy bitcoins is “Cryptocurrency Exchange Platform.”
Cryptocurrency Exchange Platform is the place where one can buy or sell Cryptocurrencies. There are nearly 400 licensed Crypto Exchanges in the world, let’s have a look at popular exchanges
Binance is the Popular Cryptocurrency Exchange with nearly 100+ Cryptocurrencies, This Exchange has a branch in many countries and focusing geographically, They have started Binance US, Binance Jersey, Binance Australia, to gain traders in the specified location. One can buy Bitcoins with their native currencies in the specific branch.