Buy Bitcoins

Bitcoin recently surged like never before. After the halving event ended in May 2020, it became clear that Bitcoin's value will rise and likely break the 2017 record in matter. That happened in mid-December 2020, but even though experts stated that Bitcoin will likely fall after it, this cryptocurrency proved them wrong. Not only did it 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 peak around the summer or autumn of 2021. Halving events, indicators of price surges, proved that Bitcoin spikes in value precisely a year and a half after they ended. Since the last halving event occurred in May last year, we can expect Bitcoin to rise even more.

Even though Bitcoin has many advantages when it comes to using it as a payment method, most users opt-in to trade and make money with it. Before they can change it, they need to earn it, and mining is the most commonly chosen option. It is tough, 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 only some can mine Bitcoins, so they resort to buying them. That is precisely the topic that we wanted to discuss in this article. We will explain the process of buying crypto with a 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 respected platforms of this type is Immediate Edge. This trading site has thousands of users worldwide and is labeled as one of the most trustworthy.

The registration process on this platform is 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 if you are from Taiwan and searching for the best options.

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, so you will have plenty to choose from. Research and select one that will suit your individual needs the most.

One thing that deserves mention here is that when you choose a specific payment method, you must provide the trading site with proof of existence. That means 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 you only have to take a picture of the document and send it to them. After that, it will not take too long to approve it.

Step 3 – Choose a Solid E-Wallet

After you've chochoosing method and successfully bought Bitbuying you will need digital storage units where you tor 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, so we advise you to choose trading platforms.