How to buy #Bitcoin using Mpesa – beginner’s guide

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Find out the five secure avenues for purchasing bitcoin, which will have you stacking and spending satoshis in no time, along with tips on storing and exchanging your coins safely. to begin your first purchase using bank or Mpesa click here

1. Fiat to Bitcoin Exchanges

An established and reputable cryptocurrency exchange can be a relatively simple and convenient way to buy bitcoin for fiat via your bank account. The term ‘Fiat’ is used in the cryptocurrency sector to denote government-backed and issued currency, such as USD, GBP or JPY.

There are multiple exchanges where you can purchase Bitcoin, and most reputable ones are easy and secure to use. It is however, essential to note that if your coins are stored custodial (this means you don’t hold the private keys) and the exchange is hacked or crashes, you may lose your crypto holdings.

2. Bitcoin ATMs

Bitcoin ATMs act like in-person Bitcoin exchanges. Individuals can insert cash into the machine and use it to purchase Bitcoin that is then transferred to a secure digital wallet. Bitcoin ATMs have become increasingly popular in recent years; Coin ATM Radar can help to track down the closest machines.

3. P2P Exchanges

Unlike decentralized exchanges, which match up buyers and sellers anonymously and facilitate all aspects of the transaction, there are some peer-to-peer (P2P) exchange services that provide a more direct connection between users. Local Bitcoins is an example of such an exchange. After creating an account, users can post requests to buy or sell Bitcoin, including information about payment methods and price. Users then browse through listings of buy and sell offers, choosing those trade partners with whom they wish to transact.

4. Use a Credit Card

Another very easy way to buy some bitcoin is to use a credit card. This can be done at buy.Bitcoin.com, and users can choose to purchase either bitcoin cash (BCH) or BTC. Once you click the “buy” button, a prompt will pop up asking you to enter a bitcoin wallet address. For users without a BTC wallet, there are easy and clear instructions linked via the “Need a wallet?” option that can offer help in downloading one for free. Although this option usually charges a fixed service charge, the trade-off is that it’s very convenient and fast.

5. Bitcoin Debit Kiosks

For crypto buyers looking for more personalized service than an ATM or online exchange,  similar platforms allow you to buy cryptocurrency with a regular bank deposit or money transfer. A popular example is Bitquick, a crypto marketplace that lets investors pay for digital coins via a cash deposit to a seller’s bank or by sending the funds via Western Union and MoneyGram.

You can trade with others by buying cheap and selling higher on a person to person agreement. You can readily buy using Mpesa or your bank account. Use this link to get started

Sources: PI Investopedia