Buying Bitcoin on an exchange is the safest way. It is important to carefully consider the reputation of the chosen service for the transaction: these should be reputable exchanges with a solid global reputation, such as Binance or Bybit.
After choosing an exchange, you first need to register on it. Consider this procedure using Bybit as an example:
Step 1: Go to the company’s website and click the “Register” button.
Create an Account in ByBit Step 1
Step 2: In the window that opens, enter the usually required data – email/phone number and password. Then, you will need to click the checkbox to agree to the terms of service.
Create an Account in ByBit Step 2
Step 3: Then click “Create an account”. Remember that you can also register by linking your Google profile.
Step 4: After registration, verify your account – attach the required documents, enter the necessary personal data and send this information for verification. After successful verification, you will receive access to the exchange functions.
Please note: without passing KYC, you will not be able to withdraw funds from the exchange, trade assets, or use other service functions.
To get verified on Bybit, do the following:
Step 1: After registration, go to your account. In it, select the “Account and Security” item.
Step 2: Next, click the “Check Now” button opposite the “Identity Verification” tab.
Step 3: Then, in the “Basic check” block, click “Check now”.
Bybit identity verification window
Step 4: Choose a country and type of document and upload photos.
Step 5: Use your webcam to take a picture of your face.
Step 6: This will complete the KYC Level 1 process!
After registration and verification are completed, proceed to buy Bitcoin. To do this, do the following:
Step 1: Log in to the system and click the “Buy Cryptocurrency” button.
How to buy bitcoin Step 1
Step 2: Select “Express” mode. In the first line, specify the currency you want to purchase with (for example, Euros, in the second – BTC).
How to buy bitcoin Step 2
Step 3: Enter the purchase amount or the required amount of Bitcoins to purchase, then click “Pay”.
Step 4: Don’t forget to choose a convenient payment method.
Step 5: Enter all the necessary data – phone number, email, last 4 digits of the card (if you choose to pay by credit card) and click “Pay”.
Step 6: Confirm the transaction and wait for the funds to be credited to the fiat account.
Please note that exchanges charge fees for transfers. The size of the commission is set individually by each service. Specify this nuance before making each payment to calculate the amount when buying cryptocurrency.