Follow the Simple steps to Purchase BTC

Mass institutional adoption of BTC has made bitcoin investments popular. However, novice bitcoin investors necessitate a few important things before they can purchase bitcoin. Platforms like Quantum Code offer bitcoin trading features like accurate and précised strategies for becoming an independent trader. Moreover, you will get live customer support.   A verified account on legit cryptocurrency exchange will start your bitcoin investment process. 

The verification process is a bit longer on a centralized cryptocurrency exchange. Still, decentralized exchanges don’t even include KYC progression in their customer verification process, so it all depends upon the nature of the exchange. Most bitcoin investors will only look for profit from investing their hard-earned money in bitcoin.

Before understanding that, you need to have a brief idea about blockchain and cryptocurrency. The Bitcoin blockchain uses cryptography to process transactions on software run by consensus to provide security and double spending against an attacker.

Steps to buy bitcoin: 

Some secure cryptocurrency exchanges like CoinBase, CoinEx, and BitFinex allow you to purchase coins with Fiat currency. Buying BTC directly with your bank account can be helpful if you don't want to use your credit card due to hassle in charge-backs and high fees on the exchanges. Cryptocurrency exchange employs different security protocols and lockboxes to safeguard transactions and use the real-time system to track the number of funds on your account.

Bitcoin is stored in a digital wallet and not in your bank account. Therefore, it would be best to create this wallet before trading your money on any exchange. Or, in layman's language, a bitcoin wallet is like a personal banking account for bitcoins, except that it doesn't contain any funds or represent a liability on behalf of the holder. Bitcoin wallet security depends upon several factors, including using a strong password to protect your wallet from theft and loss.

Every cryptocurrency exchange requires you to prove your identity. KYC (Know Your Customer) is a procedure by which you must submit all the necessary information, including your name, address, phone number, driver's license, and other relevant details. KYC is a long progression, and you can skip it temporarily in decentralized exchanges.

KYC requires several documents like an image of your government-issued ID or driver's license, a recent screenshot of your passport, and a selfie of you holding both the IDs in front of you. By skipping KYC, you would be unable to transfer fiat funds from exchange to your wallet and vice versa. Step 4: Fund Your Account:

Once you have verified the account, you need to fund your wallet. The funds are usually added blatantly or can be added invisible using a process called tumbling.

KYC is integral to centralized exchange because they work like any other standard financial institution. Decentralized exchanges do not require such procedures to purchase or convert coins into fiat currency.

After verification, you can add money on exchange and buy bitcoins. Now you are ready to buy bitcoins from the bitcoin debit card or bank account without any hassle. Try to avoid using famous cryptocurrency exchanges for a long time because they have a high transaction fee of more than 1% per transaction, and it is not worth trading if you are getting less profit due to high transaction fees. It is better to purchase smaller amounts of cryptocurrency to get high returns on investment by taking on the risk of price fluctuations.

 You can choose the amount of bitcoin based on what you feel comfortable with. Once done, in most cases, the order will be fulfilled within minutes, after which bitcoins will appear in your wallet address. 

 Cryptocurrency is upbeat and has been able to provide continuous profit yearly. However, since the market is new and inexperienced investors are entering it daily, we recommend starting with a small amount of money to avoid capital loss. Buy bitcoins immediately if you want a high return on investment over a long period without experiencing any volatility.

These are generally the steps to buy bitcoin on a centralized exchange like a Coin base. Now, let's talk about decentralized exchanges. It requires some other steps, including creating your wallet, which essentially means interacting with the blockchain and choosing a cryptocurrency supported by that exchange. It all depends on why you want to invest in bitcoin and your type of person. K