Bitcoin recently surged like never before. After the halving event ended in May 2020, it became clear that Bitcoin’s value will rise and it will likely break the 2017 record in value. That happened in mid-December of 2020, but even though experts stated that Bitcoin is likely to fall after it, this cryptocurrency proved them wrong. Not only did it manage to stay stable, but it breezed past the record and continued climbing.

As of April 2021, Bitcoin’s value is more than $55,000. Additionally, it is believed that Bitcoin will reach its peak around the summer or autumn of 2021. Halving events, which are indicators of price surges, proved that Bitcoin spikes in value exactly a year and a half after they end. Since the last halving event took place in May last year, we can expect Bitcoin to rise even more.

Even though Bitcoin has tons of advantages when it comes to using it as a payment method, a majority of its users opt in to trade and make money with it. Before they can trade it, they need to earn it and mining is the most commonly chosen option. It is extremely hard, but it is free, hence people receive a good profit when they sell it. Since Ethereum was founded in 2015 and Bitcoin in 2009, many worldwide have amassed fortunes. You might think that you're late for the party. Well, not quite so. The crypto-assets are here to stay, and their outlook looks promising.

But, not everyone is able to mine Bitcoins, so they resort to buying them. That is exactly the topic that we wanted to discuss in this article. We are going to explain the process to buy crypto with credit card in Canada in the simplest possible way. Let’s begin.

Step 1 – Register At A Trading Site

The first step in buying Bitcoins involves researching and finding a reputable trading site where you can purchase this digital currency. One of the most reputable platforms of this type is Immediate Edge. This trading site has thousands of users from all around the world and is labelled as one of the most trustworthy.

The process of registration at this platform is pretty simple and lasts just a minute. After you complete it, you will gain access to all of its services and features. Moreover, you can visit this site to buy bitcoin Taiwan in case you are from Taiwan and searching for the best options in this regard.

Step 2 – Connect a Payment Method

After you’ve successfully registered, you’ll need to select a payment method through which you will be able to deposit money and ultimately, buy Bitcoins. Every trading site has numerous accepted payment methods, which means that you will have plenty to choose from. Research and select one that will suit your individual needs the most.

One thing that deserves a mention here is that when you choose a certain payment method, you will need to provide the trading site with proof of existence. That means that you need to supply them with a valid ID, driver's license, passport, or any other document of that character. This shouldn’t be a big problem since all you have to do is take a picture of the document and send it to them. After that, it will not take too long for it to be approved.

Step 3 – Choose a Solid E-Wallet

After you’ve chosen a payment method and successfully bought Bitcoins, you will need digital storage units where you can store your assets safely. These storage units are known as e-wallets. There are many e-wallets on the market and you will definitely find the one that suits your needs the most.

E-wallets can only be accessed with a private key. Private keys are passcodes to your e-wallet and you must make sure that you keep them a secret at all times.

Bitcoin ATMs As An Alternative

One alternative way of purchasing Bitcoins is through Bitcoin ATMs, but they are not as accessible as trading sites and charge enormously high fees, which is why we advise you to choose trading platforms.