Virtual coin to bitcoin

Your gateway to Bitcoin & beyond

The tools and information you need to buy, sell, trade, invest, and spend cryptocurrencies

Buy quickly and easily

Use your credit card, payment app, or bank account to buy Bitcoin, Bitcoin Cash, Ethereum, and other select cryptocurrencies

Buy as little as $30 worth to get started!

Free your money and invest with confidence

The full-service Bitcoin Wallet trusted by millions

Track the market

Make better investment decisions with real-time data at your fingertips

Stay informed

Get around the clock updates, analysis, and insights on the news that matters most

Learn the essentials

Get up to speed on Bitcoin, Bitcoin Cash, and Ethereum with articles, guides, and step-by-step tutorials

What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

Bitcoin.com in your inbox

A weekly rundown of the news that matter, plus educational resources and updates on products & services that support economic freedom

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Grow your business

Start accepting crypto currency payments.

Grow your business

Start accepting crypto currency payments.

Buy and Sell cryptos

Only takes minutes on mycoinify.com

Buy and Sell cryptos

Only takes minutes on mycoinify.com.

The most trusted gateway to virtual currencies since 2014.

We enable businesses and individuals to adopt financial innovation. We offer a variety of two-way virtual currency services tailored to businesses and customers of different sizes and needs.

Simple

Connecting traditional and new payment worlds to bring you ease of use

Secure and compliant platform that helps to protect your value

Superior

Professional team with virtual currency experience since 2010

Official partners

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Latest news from Coinify

How new money can buy traditional money

BITCOIN/GOLD: Coinify’s and Core Bullion’s partnership to trade crypto for Gold

12th October 2020

Coinify receives first official visit from the Danish Financial Supervisory Authorities

27th August 2020

Coinify and Galaxus enable world’s first e-commerce payment using Sygnum Bank DCHF stablecoin

3rd August 2020

Coinify Trading Widget is Now Available on ChangeHero Platform: More Options, More User Convenience

Virtual currency services for everyone

Payment Suite

Your gateway to virtual currency payments. Find flexible virtual currency payment products that will take your business to the next level.

Payments

Coinify Payments allows online and brick-and-mortar merchants and PSP’s to accept virtual currencies while receiving payouts in traditional currencies at no extra cost.

Deposits

Allow your customers to make deposits to their accounts with direct virtual currency deposits and receive the amounts in traditional currency.

Withdrawals

Allows businesses who hold client funds to offer the attractive service of facilitating withdrawals to Bitcoin for their customers.

Invoices

Allows Business and Professional Services to offer the option of paying invoices issued in traditional currencies with virtual currencies, and we will settle the invoice in face-value.

Trade Solution

Allow your customers to easily exchange between traditional and virtual currencies without leaving your website or app.

Wallet Trading Solutions

Increase user engagement by giving your users easy access to move between traditional and virtual currencies without ever leaving your wallet!

Security and Compliance is in Our DNA

Coinify is dedicated to providing a secure and compliant platform to protect our clients’ value and to continuously work towards the mainstreaming of virtual currencies.

We work alongside national and international regulatory bodies such as the Danish Financial Authority, the Danish Tax Authorities and the Blockchain and Virtual Currencies Working Group under the European Commission to ensure that we adhere to the highest industry standards and comply to international regulations.

countries in operation

wallet integrations worldwide

global payment solution providers integrated

virtual currency payment provider in Europe

Awards

Customer testimonials

«With users from over 70 countries around the world and a greater demand for the ability and access to invest in cryptocurrencies from any bank account, we are committed to creating a seamless experience, which is why we integrated with the most-established industry player in the region.”

Bill Barhydt
Founder and CEO of Abra

“We’re thrilled that Coinify will be providing leading payment options for BRD customers in Europe. With Coinify’s broad geographic support, we’re also looking forward to providing a great unified buying experience in BRD.”

Brent Traidman
Chief Revenue Officer of BRD

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Free your money and invest with confidence

Your gateway to Bitcoin and beyond. Buy, sell, trade, and invest in one safe and simple app.

Every feature you need for economic freedom in one digital wallet

Buy, sell, and trade

Build and manage your crypto portfolio from your mobile device. Buy with your credit card, payment app, or bank account. Instantly swap between cryptocurrencies. Protect your returns by trading into USD stablecoins.

Manage your spending

Create ‘saving’ and ‘spending’ wallets to organize your funds. Add personal notes to transactions and get a complete history of buys, sells, trades, and spends.

Effortless security

Hold the keys to your digital assets in a wallet so secure, no one can access it except for you — not even us. Protect your money with passcode and biometric security features. Automatically back up all your wallets and restore access with a single custom password.

Move money freely

Send and receive cryptocurrencies anytime, anywhere — no questions asked. Take advantage of fully-customizable fees for sending. Create unlimited wallets to support your privacy.

Track the markets

Stay informed with real-time market data displayed on your home screen. Get in-app access to the news that matters. Receive notifications when the market is moving.

Get the support you need

Use these comprehensive guides to understand the fundamentals of Bitcoin and cryptocurrencies. Watch our easy-to-understand tutorials and become a power user in no time.

What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

What is Bitcoin?

Bitcoin is based on the ideas laid out in a 2008 whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System

How do I create a Bitcoin wallet?

Creating a Bitcoin wallet is as easy as installing software on your mobile device or computer

How do I receive bitcoin?

To receive bitcoin, simply provide the sender with your address. You just need to make sure you’re providing the right one.

Get the most out of your new Bitcoin Wallet

Subscribe to our Bitcoin Wallet updates to learn more about awesome new features as soon as they’re added

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Free Bitcoins By Viewing Ads

BitcoinAd shares its income from advertisements with their visitors. You can earn Bitcoin by watching ads or clicking on them. These are usually small amounts, but if you do this for a few minutes a day, the earnings can add up over time. Especially if the Bitcoin price continues to rise, this is an interesting way to earn free Bitcoins.

Promote Your Website

Advertisers can promote their Website using bitcoin and get Unique people to visit your webpage just for 0.00010000 ฿/1000 unique views.

What is Bitcoin(BTC)?

Bitcoin is a peer-to-peer technology that operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

BitcoinAd allows you to get free bitcoin. It is better than bitcoin faucet, it is not btc miner, just earn bitcoin online for viewing web pages, mostly bitcoin sites.

Internet advertising is evolving and now you have the right to get paid for it! Earn bitcoin online free and withdraw it to your Bitcoin wallet. Now, the volume of bitcoin transactions is over than 2+ Billions USD daily. You can join the flow of money and start with easy bitcoin got here!

What is a Satoshi?

Satoshi is a smallest fraction of a bitcoin. 1 satoshi equals 0.00000001 BTC, or 100 000 000 satoshi are equal to 1 bitcoin. This divisibility makes bitcoin suitable for micro-payments or micro transactions, like those used in bitcoin’s faucets.

What are withdrawal limits in BitcoinAd?

We currently limit a 100,000 satoshi withdrawal threshold , which means once you have collected 100,000 satoshi, you may create your withdrawal request whenever you want.

Where to buy Bitcoin?

There are many ways:

• You can buy Bitcoin from many Crypto Exchange
• You can Buy Bitcoin from Peer to Peer Platfrom Like Binance, Remitano, LocationBitcoin etc.

Is Bitcoin legal in my country?

Most countries do not count bitcoin illegal, though once again in most countries bitcoin is not legally a mean of payment. Some countries have given an official status of money to bitcoin, others have banned it completely, making it illegal to use, own or trade bitcoins. This article will give you a deep understanding of legal status of bitcoin in most of the countries of the world.

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Where and How to Buy Bitcoin or Cryptocurrency

Best Ways to Buy

This guide will teach you how to buy bitcoins.

It’s easy to find where to buy bitcoins online because there are so many options.

If you want to learn the best way to buy bitcoins, keep reading!

Chapters

Welcome to Buy Bitcoin Worldwide! I’m Jordan Tuwiner, the founder of this site.

We understand that buying bitcoins can be extremely confusing and frustrating. Luckily for you, this site has ample information to help make buying bitcoins easier for you.

Chapter 1

Introduction to Buying

Want to learn how to purchase bitcoin or get bitcoins?

You’re in the right place!

The short answer is:

Find a Bitcoin exchange

Trade your local currency, like U.S. dollar (USD) or Euro, for bitcoins

For the long answer, read this Bitcoin buying guide and by the end you’ll understand these key points:

How and where to buy bitcoin

How to choose the right exchange

How to secure your coins after you buy

How to avoid scams









This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.



Below, we listed exchanges you can use to purchase BTC. We suggest our listed exchanges and doing your own research before making your final decision.

Certain exchanges are simply there to steal your personal information or rob you of your bitcoins.

We conduct intensive research on every exchange we list to filter out any and all dishonest exchanges.

Chapter 2

Choosing an Exchange: Which is the Best Bitcoin Exchange?

To select the perfect exchange for your needs, consider these 7 factors.

1. Privacy: Keep Your Information Safe!

Want to buy BTC privately?

You can already cross off a number of payment methods:

• Bank transfer, ACH & wire transfer
• Credit card
• Debit card
• PayPal
• Any other method that requires personally or identifying information

Buying bitcoins with cash or cash deposit is the most private way to purchase bitcoins.

2. Limits: Are You Buying a Lot of Coins?

If you need to buy a large amount of bitcoins—say 25 or more—then big brokers or major exchanges are the way to go.

Coinbase has high limits for buying with a bank account.



Most cash exchanges have no buying limits. Limits, however, will vary between individual sellers and are usually lower than online exchanges.

3. Speed: When Do You Need Access to your Bitcoins?

How quickly do you need to convert regular money into bitcoins? Different payment methods deliver your coins at different speeds.

Your first Bitcoin purchase may be time consuming. Once you get everything setup all subsequent purchases will be much faster!

Bitcoin ATMs can be the fastest way to purchase bitcoin if you’re lucky enough to have one in your area. Here’s a map to help you out.

Some brokers offer instant buys with bank transfer, credit card, or debit card.

4. Exchange Rate

There is no official Bitcoin price. Use our price index to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.



5. Reputation: Don’t Get Scammed!

How long has the exchange been in service? Is the exchange trustworthy? Our Bitcoin exchange reviews can help you to find a trusted exchange.

6. Fees: Are You Getting a Good Deal?

How much does the exchange charge for its services? The fee will vary greatly based on the payment method you choose to use.

Remember to include deposit and withdrawal fees as well as trading fees. Some exchanges will lower their fees if you trade a lot of bitcoins.

7. Payment Method

How can you pay for the bitcoins? Payment method may be the most important factor.

We’re sure you already have a payment method in mind that you’d prefer to use. More on that below.

Get a Wallet!

Some exchanges require a Bitcoin wallet before you can buy.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet and then come back.

Know your Payment Method?

Chapter 3

Payment Methods

We can both agree that this Bitcoin stuff is confusing. Stick with us!

We’re about to have you on your way to choosing a payment method and buying bitcoins.

Where to Buy Bitcoin?

• Purchase bitcoins online with a credit card, debit card, or bank transfer.
• Acquire bitcoins from a Bitcoin ATM near you.
• Buy bitcoins with cash locally or via cash deposit.
• Convert PayPal to Bitcoin online.

The above was just a brief overview of where you can buy bitcoin. Now, let’s get into the details.

In order to buy bitcoins, you’ll need to exchange your local currency, like Dollars or Euros (EUR), for bitcoin. Here’s an overview of the 4 most common payment methods:

1. Credit or Debit Card

Credit/debit cards are the most common way to pay online. So, it’s really no surprise that many people want to buy bitcoins this way.

Why buy bitcoin with a credit/debit card?

• Credit cards are a payment method most people are familiar with; probably the easiest way to buy bitcoins online
• Delivery of bitcoins is instant once initial verification is complete

Why NOT buy bitcoin with a credit/debit card?

• High fees; if you’re patient and not in a rush to buy then use a bank transfer for lower fees
• Not a private way to buy; your ID will be required to buy with a credit card

A few places to buy bitcoins online with a credit card are:

Bank Account or Bank Transfer

Bank transfer is one of best ways to buy bitcoins in most countries.

Why buy bitcoins with bank account/transfer?

• Good way to buy large amounts of bitcoins
• Using a bank transfer will usually result in the lowest fees, so you can get a great price on your purchase

Why not to buy bitcoins with bank account/transfer?

• Usually requires ID verification, so not a good choice for privacy
• Slow; in the USA, bank transfers can take up to 5 days to complete

Cash deposit is often the fastest and most private ways to buy bitcoin. You can usually receive your bitcoins within a couple hours.

What are cash exchanges good for?

• Can be more private since in some cases no personal information is required
• Can be nearly instant; no need to wait 5 days for a bank transfer to process

What are cash exchanges bad for?

• Privacy comes at a cost; cash exchanges often have price 5-15% above market rate
• Easier to get scammed or robbed; need to be on alert and follow the exchange’s rules

Note: There is no easy way to buy bitcoin at Walmart. We get asked this A LOT!

There are Bitcoin ATMs all around the world that let you purchase bitcoin with cash.

You simply insert cash into the machine, and get bitcoins sent to your wallet.

Use our Bitcoin ATM map to find a Bitcoin ATM near you.



What are Bitcoin ATMs good for?

• Can be more private since in most cases no personal information is required
• If you have an ATM in your area it can be a convenient and fast way to buy coins

What are Bitcoin ATMs bad for?

• Privacy comes at a cost; Bitcoin ATMs often have a 5-15% premium above market rate

PayPal

There is no way to directly buy bitcoins with PayPal. Under PayPal’s terms and conditions merchants are not allowed to sell bitcoins for PayPal.

I really recommend not buying bitcoins with PayPal. The fees are really high. Chances are that your PayPal is connected to your credit card or bank account, which can be used to buy at much lower fees.

However, there are a few hacks to get around this. You can buy other digital items with PayPal and sell those items for bitcoin. It’s all explained in our guide on how to buy bitcoins with PayPal.

Why buy bitcoins with PayPal?

• If you already have a balance, it can be an easy and fast way to convert PayPal to bitcoins

Cons of buying bitcoins with PayPal

• Fees are over 12%; much better to just buy with a credit card or bank account

Chapter 4

Frequently Asked Questions

If you’re still a bit confused, that’s okay. Buying bitcoins is hard, but that’s why I built this site, to make it easier!

If you still need help, I hope this FAQ will help to answer any remaining questions.

When is the Right Time to Buy?

As with any market, nothing is for sure. Bitcoin is traded 24/7 and its price changes every second.



Use tools like our Bitcoin price chart to analyze charts from other Bitcoin trading sites. These charts will help you understand Bitcoin’s price history across the many global Bitcoin exchanges.

Why Does Buying Bitcoin Take So Long?

Long wait times are usually a problem with existing payment systems, not with Bitcoin itself.

Bitcoin transactions only take about 10 minutes to confirm. Bank transfers in the U.S., for example, can take up to five days to complete.

Bitcoin transactions can be confirmed as quickly as 10 minutes; it’s rare to experience a delay longer than one hour.

This means that a merchant can’t release bitcoins to a customer until five days have passed unless they’re willing to take on risk.

Can You Sell Bitcoins?

Yes, of course! Most exchanges that let you buy bitcoins also let you sell (for a fee of course).

If you don’t want to sell bitcoins, you can also spend them. While you can’t incorporate a company with Bitcoin yet, you can spend it lots of other places.

Why Do I Need to Upload my ID for Some Exchanges?

This is due to Know Your Customer (KYC) laws which require exchanges to record the real world identity of their clients.

Can Anyone Buy Bitcoin?

Bitcoin requires no permission to use or buy.

You will have to check the legality of Bitcoin in your country. In most countries Bitcoin is legal!

Should I Buy Physical Bitcoins?



Physical bitcoins are physical, metal coins with a Bitcoin private key embedded inside.

We recommend that you stay away from physical bitcoins unless you’re a numismatist.

While physical coins sound like a good idea, they force you to trust the honesty of the creator of the coin. The creator could create two copies of the private key.

Unless you immediately open and withdraw the digital bitcoins from your physical bitcoin, the creator could at any time steal the funds it contains.

Can I Buy Partial Bitcoins?

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 pieces. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

Most exchanges let you buy as little as $5 worth of bitcoins at a time.

Why Should I Buy Bitcoin Instead of Mining?

A long time ago anyone could mine bitcoins on their computer at home. Today, only specialized computer hardware is powerful enough to do this.

Think about it like this:

Should you buy gold or mine gold? Well, to mine gold you need big powerful machines, a lot of time, and money to buy the machinery. This is why most people just purchase gold online or from a broker.

So Bitcoin is no different.

You should just buy some if you want coins without trying to mine.

Do I need a Bitcoin Account Before Buying?

With Bitcoin, there are not really accounts.

Instead, you should have a Bitcoin wallet. If you want to store bitcoins, then a wallet is where you keep them.

In Bitcoin these wallets are not called an account but a wallet functions almost the same way. The only difference is you are responsible for the security if your wallet rather than placing the security in the hands of a bank or trust.

How do I check if I received a Bitcoin payment?

You can check in a Bitcoin block explorer like Smartbit.

Why Would Someone Even Want to Buy Bitcoins?

There are many reasons people want to own bitcoins.

Many people like to purchase some and put them to the side in the hopes that they will be worth more in the future.

Many people are using bitcoins to remit money to their families from out of the country. Right now, Bitcoin is one of the cheapest ways to do this.

People also use Bitcoin to buy stuff online. Big companies like Microsoft, Dell, Newegg and Overstock all accept bitcoins.

Bitcoin is also very unique compared to other markets in that it trades 24 hours a day and never stops. Most stock markets only open on weekdays from 9 AM to 5 PM. So many traders buy and sell bitcoins because it is a fun and fast market to trade.

Can I Buy Bitcoin Stock?

Bitcoin itself is not a stock despite it functioning somewhat like one. You can’t buy bitcoins through a traditional stock fund and instead have to buy bitcoins yourself. This may change in the future if a Bitcoin ETF ever gets approved.

What Happens When you Purchase Bitcoins?

Bitcoins are actually just secret digital codes. When you buy bitcoins, the seller is using a wallet to transfer the ownership of the coins to you. Once your purchase is complete, the codes are now owned by you and not the seller.

Why Are the Chinese Buying So Much BTC?

It seems the Chinese really like Bitcoin’s properties such as its sound monetary policy and that it can be used anywhere in the world. Bitcoin’s volatility also makes it interesting for speculative traders.

Is Bitcoin Legal?

Bitcoin is legal in nearly every country. Only a few countries have actually banned the use of bitcoins. Before you buy, make sure you double-check the legal status of Bitcoin in your country.

Why do I need to buy bitcoins before buying most altcoins?

Bitcoin functions as the «reserve» currency of cryptocurrency. So it is very hard to buy other coins without first buying bitcoins. Once you purchase the bitcoins you can convert the bitcoins into other cryptocoins. This is mostly because Bitcoin has very good liquidity and is traded on every cryptocurrency exchange. So most coins are traded against Bitcoin rather than the US dollar or other fiat currencies.

Am I Anonymous when I Buy?

Bitcoin is not anonymous but rather pseudonymous. All Bitcoin transactions are public but it is not always known the real identity behind any given Bitcoin address.

Can I use Multiple Exchanges?

If the limits on one exchange are to low you can simply open an account with another exchange to give yourself the ability to buy more.

You can signup, join, and use as many Bitcoin exchanges as you want that are available in your country.

Do I need to Pay Taxes on Bitcoin?

In most countries you will need to pay some kind of tax if you buy bitcoins, sell them, and make a gain. In the US you must do this on every transaction.

Be sure to check with your country’s tax authorities to make sure you are paying all the required taxes on your bitcoin use.

What Other Ways can I Get Bitcoins Besides Buying?

Just like any other form of money, you can get bitcoins by requesting from your employer to be paid in bitcoins.

What Is the Supply of Bitcoins?

The supply of Bitcoin is fixed. There can never be more than 21 million — and there are about 17.3 million right now. Every 4 years, the bitcoin halving happens where the new supply rate is cut in half.

What is Bitcoin?

Understanding Bitcoin is sometimes difficult for newcomers because it’s really two things:

1. digital gold
2. a payment network

Bitcoin vs Other Payment Networks

In terms of acting as payment network, Bitcoin works quite differently from others such as PayPal or Venmo. These traditional forms of payment over the internet, which are tied to the legacy financial system, involve the use of centralized, trusted third parties to order transactions and keep track of user account balances.

Bitcoin is Permissionless

In the case of Bitcoin, those who are in charge of ordering transactions are dynamic and potentially anonymous. This is the key differentiator to understand about Bitcoin.

The way in which transactions are processed allows bitcoin to act in a permissionless, censorship-resistant, and apolitical manner.

No single entity is in control of the financial activity that happens on the network.

Anyone can use Bitcoin, whether in the USA, UK, New Zealand, Germany, UAE or any other country.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.

The above quote is what the pseudonymous Satoshi Nakamoto wrote in the original Bitcoin white paper.

Nakamoto effectively created a decentralized solution to what is known as the double-spending problem. This was an issue seen in many previous digital payment systems.

Bitcoin as Digital Gold

Now that we’ve covered Bitcoin as a payment network, let’s take a look at bitcoin as a form of digital gold.

Bitcoin is often referred to as digital cash (other coins like Ethereum (ETH) and Litecoin are not trying to be this) due to its ability to be transacted over the internet in a manner similar to physical cash, but the digital gold analogy makes more sense due to the monetary properties of bitcoin.

In the beginning, 50 bitcoin were created roughly every ten minutes, but that increase in supply is halved every four years.

The issuance schedule will continue until around the year 2140, when the supply will be capped at nearly 21 million bitcoins.

This monetary policy is a part of the Bitcoin network’s consensus rules, and there is no central banker in charge of controlling the supply.

Chapter 5

Avoiding Bitcoin Scams: Don’t Lose Money!

I’ve been using Bitcoin for 3+ years. I’ve never fallen victim to a single scam. Follow the tips explained here and you’ll greatly reduce your chances of losing digital currency.

There are many scams related to Bitcoin. Scammers target new Bitcoiners and less tech-savvy users. Follow these basic rules in order to avoid Bitcoin scams:

Research

Study your intended exchange and make sure it’s trustworthy. Search forums like Reddit for the experiences of other users.

You can also use our Bitcoin exchange reviews to get in depth information about certain exchanges. If you don’t find your intended exchange listed on this site, extra caution and research is advised as it may be a scam!

Check Ratings

If you’re using a peer-to-peer exchange like LocalBitcoins or Wall of Coins, check the seller’s feedback. If most of their feedback is positive, your trade is more likely to go through without issues. If a seller has lots of negative feedback, it’s best to simply stay away and find a more reliable seller.

Use Escrow

Many scammers will try an approach like this:

“Send me bitcoins, and once I get the bitcoins I’ll pay you on PayPal!”

Don’t ever agree to a trade like this. Bitcoin payments are irreversible, so if you send first the scammer can simply not pay you and keep their bitcoins.

PayPal can’t force the scammer to pay either, due to the pseudonymous nature of Bitcoin which doesn’t record the identity of a payment’s sender or recipient. This would leave you with no way to get your bitcoins back.

Stay Away from Bitcoin investments

Any service that claims to pay interest on bitcoins or increase your bitcoins is likely extremely risky or an outright scam. If it sounds too good to be true, stay away.

Be Careful with Altcoins

What are altcoins? Altcoins are cryptocurrencies other than Bitcoin.

Altcoins are traded globally on hundreds of exchanges. Avoid throwing money into coins which are experiencing a sudden and dramatic spike in price and volume. Such moves, especially in insignificant coins with otherwise thin volume and flat price action, are likely to crash fast.

Chapter 6

Secure your Coins

Don’t store coins on Bitcoin exchanges! Bitcoin users have lost over $1 billion worth of bitcoins in exchange hacks and scams.

Here are two examples where users got screwed by leaving bitcoins with a third party:

So, do yourself a favor:

Get yourself a Bitcoin wallet and control your own coins. For large amounts of bitcoins, we recommend cryptocurrency & Bitcoin hardware wallets. Hardware wallets are small, offline devices that store your bitcoins offline and out of reach from hackers and malware.

Why? It’s pretty simple:

• Hardware wallets are the easiest way to securely store bitcoins and easy to backup
• Less margin for error; setup is easy even for less technical users

Check out the Bitcoin hardware wallet comparison chart below:

Wallet	Screen	Released	Price	Buy
	Ledger Nano X	2019	$119
	Ledger Nano S	2016	$59
	TREZOR T	2018	$165
	TREZOR One	2013	$78

We Help The World Buy Bitcoin

Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.

Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website.

Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

Wallabit Media LLC and/or its owner/writers own Bitcoin.

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