Where to start to buy bitcoin?

Bitcoin (BTC) is the most popular digital currency in the world and still many people around the world and in our own country Iran buy Bitcoin. This question is always there for people who have just entered the world of crypto, where to start to buy bitcoins and what is the best way to buy bitcoins? In this article, we will answer this question.

At first, buying Bitcoin may seem complicated, but today, with the activity of various Iranian exchanges, investing in digital currencies has become very easy, and all interested parties can easily start investing in the volatile and attractive market of digital currencies.

To buy Bitcoin, it is enough to register on a trading platform and then pay for the purchase of digital currency with a bank card. However, there are important points when buying bitcoins that if you don’t pay attention to them, you may have an unpleasant experience of buying your first digital currency.

For this reason, in this article, we want to review the steps and important points of buying Bitcoin. If you are new to the market, we suggest not to miss reading the rest of this article.

Steps to buy Bitcoin

Before explaining the steps of buying Bitcoin, it is necessary to be familiar with the nature of the digital currency market and the specific conditions of Bitcoin investment. Bitcoin and digital currencies are volatile assets and price fluctuations are an inseparable part of the digital currency market.

This market has so far shown that it can make investors rich quickly, but on the flip side there is also the possibility that investors may suddenly lose all their capital and face irreparable losses.

For this reason, before buying Bitcoin, we suggest beginners and new investors to do their research and enter this market with sufficient knowledge and understanding of the Bitcoin price trend and the technology behind it.

To better explain the steps to start buying Bitcoin, we divided it into several different sections to explain each section adequately and usefully.

Determining trading strategy and goals

Why do you want to buy Bitcoin? This is the first and most important question you need to answer before you start buying Bitcoin. Most people buy Bitcoin with the intention of investing and profiting from price fluctuations. But some people also want to use Bitcoin to make a financial transaction and their goal is not to invest.

If you are among the people who want to profit from buying Bitcoin, it is important to have an investment and trading strategy. The short or long-term goal for investing is influential in determining the best way to buy Bitcoin, and therefore, before starting the buying process, you should determine your needs, financial ability, and investment goals.

There are also important points that you should pay attention to when buying Bitcoin for financial transactions. The destination wallet address, supported network, amount of bitcoins required to complete the transaction, fees and the like are among the points that you should check carefully before buying and then placing your order.

Most cryptocurrency exchanges have a support team, and if you’re new and don’t know a lot of terms like Bitcoin network fees, you can ask the support team for guidance before buying Bitcoin.

Choosing a digital currency exchange

After determining the strategy and purpose of buying Bitcoin, it is time to choose a digital currency exchange. Digital currency exchange is an online financial platform that allows you to buy or sell bitcoins with your bank card in an easy and fast way after registration and authentication.

Currently, there are dozens of different digital currency exchanges operating in the market, each offering its own unique services and features. With the high variety of exchanges in the country, choosing the best option to buy Bitcoin can be a difficult process.

For this reason, we suggest you to use Erzdigital’s bitcoin purchase guide page. This page is a new feature of ErzDigital that provides you with a list of the most prominent Iranian exchanges that offer Bitcoin.

On the same page, select the option I want to buy bitcoin and determine the amount you intend to buy so that the exchanges are listed in order of the best purchase rate for you.

In addition to the best purchase rate, on this page you also have access to important information such as the type of exchange, daily transaction volume, liquidity and fees, and you can choose the best option for buying Bitcoin by comparing exchanges based on this accurate and up-to-date information.

After selecting the exchange, click on the purchase option at the end of its name to be transferred to the exchange’s website. It is obvious that if you have not authenticated in the desired exchange before, you must go through this step first.

Authentication

After choosing the exchange, you need to create your account. Most exchanges only require email or contact number and password to create an account.

After completing the process of creating a user account and logging in, you need authentication to buy bitcoins. Authentication is a user recognition process that users are required to perform. In this process, you just need to upload information like name and username, residential details, contact number and identity card and then wait for your information to be verified.

Iranian digital currency exchanges provide you with all the guidance you need to complete the authentication process, and the registration and authentication process can be done in just a few minutes. At any stage, in case of problems and questions, you can get help from the support of the exchange.

Purchase order registration

After completing the registration and authentication procedures, you will have access to all exchange services and you can place your bitcoin purchase order. While most exchanges have set a limit of at least a few hundred thousand tomans for placing an order to buy bitcoin, there is usually no maximum and you can buy as much bitcoin as you need.

In addition to buying Bitcoin with Rials, in some exchanges it is possible to buy Bitcoin with digital currency using the swap method, and you can convert other currencies such as Ethereum and Tether to Bitcoin.

It is important to carefully check the bitcoin network fees and exchange fees before buying and pay attention to them when placing an order, these fees can significantly affect the amount of bitcoin you purchase and before placing an order The order and completion of each purchase will be displayed to you.

Receiving purchased bitcoins in exchanges is done quickly, and you can see the purchased bitcoins in your wallet from a few seconds to a few minutes at most. All exchanges also support the sale of digital currencies, and at any time you can sell the purchased bitcoins and receive Rials.

Transfer to wallet

Bitcoin is a digital currency and it can only be stored digitally and online. Bitcoin and digital currencies are stored in special wallets called Volts, and most digital currency exchanges use these wallets.

Therefore, in most bitcoin purchase transactions, no special action is required and the purchased bitcoins are automatically deposited into your wallet at the exchange. But also, some exchanges provide you with the possibility to transfer bitcoins to your personal wallet at the time of purchase. Personal wallets such as Ledger and TrustVault are more secure than exchange wallets and are a better choice for long-term investors.

It should be noted that transferring Bitcoin to the wrong address will lead to the permanent loss of your assets, and therefore it is necessary to ensure the correctness of the wallet address and network of origin and destination at the time of transfer.

If you do not have enough information about the networks and addresses of Bitcoin wallets and digital currencies, we suggest that you be sure to contact the support of the exchange and get their help before making the transaction.

Do not forget the market risk

As explained, the process of buying Bitcoin is easy and fast. But the ease of buying bitcoins does not mean a definite and quick profitability of investing in the digital currency market, and you must pay attention to the risk and dangers of price fluctuations in the digital currency market before buying bitcoins.

Capital management and risk distribution, choosing a reliable exchange, controlling emotions and the ability to analyze and check the price trend are among the measures that reduce market risks and risks for you. Don’t forget that buying Bitcoin is just the beginning of your investment, and with constant reading and research, you can protect your capital and get a good profit from price fluctuations.