Watch this Tutorial on How to Buy Bitcoin With Paxful
What’s up CryptoPeeps it’s your girl Kyla, here to deliver your daily dose of Bitcoin news!
So you’ve done your research on Bitcoin, you know what it is, how it works and now you want to get started Lucky for you, today I’ll give you a step by step guide on how to buy your first bitcoin!
Let me tell you that buying bitcoin is easy
And it’s made easier by our video sponsor today.
Paxful is a peer to peer marketplace where users can exchange their gift cards and other forms of payment for bitcoins. There are over 300 payment options to choose from!
Step one, in buying bitcoin is having your own account With Paxful, when you create an account, you get a digital wallet instantly We’ll put a link below for the tutorial on that
Once you’ve logged in, click the ‘Buy Bitcoin’ button on top of the site Enter the amount you are willing to pay in your local currency and select your payment method Paxful has more than 300 payment options From gift cards to bank transfers, surely you’ll find a option that best fits you When all that is done, click search, and an offers page will open
Here you can see the list of vendors and their details like username, country, amount of positive feedback and payment method Find an offer you like and click buy.
This will lead you to an individual offer page Once you read through the seller’s offer terms, enter the amount of bitcoin you wish to buy and click BUY This will open trade with the instructions and the chat box.
When a trade starts, the seller’s bitcoins are transferred automatically to Paxful’s secure escrow and at this point, the seller can’t cancel the trade Only a buyer can cancel a trade at any moment and bitcoins will be transferred from escrow back to the seller’s wallet.
Follow all the instructions for a successful trade Send the required files, documents and make a payment.
Once all these are done, click the “I HAVE PAID” button.
If the buyer hasn’t made a payment and not marked as payment completed within the payment window timeframe, the trade will be cancelled and bitcoins are moved back to the seller’s wallet When both the buyer and the seller have verified that the transaction has been confirmed and all the terms have been met, the money will be released in your wallet Now, you have acquired your first bitcoin! Paxful makes buying and selling bitcoin secure and easy in just 4 steps!
So, create an account with Paxful today!
Sadly, that’s all the time we have If you would like to know more about Bitcoin, subscribe to our channel Don’t forget to give this video a thumbs up and I’ll see you guys next time! Once more this is Kyla and this is WetheCryptos!