How do I buy Bitcoin and Litecoin?

There are three ways to go about buying Bitcoin and Litecoin.

  1. Buy from a trusted friend or family member.
  2. Buy from Bitcoin a Bitcoin ATM.
  3. Buy Bitcoin from a cryptocurrency exchange.

The advantages of buying Bitcoin from a trusted friend or family member is obvious; no fees, no middleman and it should be a very fail deal. The disadvantage is finding a friend or family member that wants to sell their Bitcoin

The advantage of a Bitcoin ATM is that they are open as long as the store is open and they accept cash as payment. The disadvantage is that you may not have a Bitcoin ATM where you live, the fees can be outrageous, and there is some KYC*.

The advantages of a Bitcoin exchange are numerous; you can buy, sell and trade Bitcoin at any time and all you need is an internet connection. The fees are not near as high a Bitcoin ATM and the exchange will provide all sorts of features a Bitcoin ATM does not provide. The main disadvantage is you will have to provide KYC and there is usually more of a learning curve to using a Bitcoin exchange for the first time.

Recommended Bitcoin Exchange

If you want to buy Bitcoin or buy Litecoin I highly recommend OKEx. On OKEx you can:

  • Buy Bitcoin with credit card (Visa or Mastercard)
  • The OKEx Academy will teach you how to buy Bitcoin
  • Buy other cryptocurrencies like Litecoin and Ethereum
  • Buy Bitcoin and other cryptocurrencies with over 15 different currencies like US Dollars, Indian Rupees and Russian Rubles.
  • Spot trade for hundreds of different cryptocurrencies.

To learn more about OKEx follow their Quora Space: OKEx: Crypto Exchange.

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