What Is Bitcoin?
Bitcoin is the world's biggest cryptocurrency.
It was created in 2009 by an anonymous developer under the Satoshi Nakamoto nickname, and it's still the most widely used and traded cryptocurrency. Like other assets, Bitcoin was created to be a decentralized digital monetary system — one that operates without centralized control.
Btw, we can’t help but share a rather amusing global conspiracy theory. At least, we find it funny. Anyways, it revolves around the origin of currency. According to the rumors, it was invented by a shadowy world government as a means of mass control — part of a grand global scheme. The alleged goal? To undermine all other national currencies. Oh well…
Why Buy and Use Bitcoin?
Bitcoin was originally designed as a way to make online payments without relying on third parties. Over time, it's evolved into a popular tool for investment and wealth preservation, particularly during economic uncertainty and global inflation.
Beyond that, Bitcoin did some reshape on how we think about money and finance, sparking the creation of thousands of other cryptocurrencies and blockchain technologies. It introduced the world to decentralized finance, proving that secure, transparent, and efficient transactions can happen directly between people worldwide, and no traditional financial institutions needed.
And in fact, it's still used for exactly that today.
Not exclusively, yet including.
What You Need Before You Buy Bitcoin
First, you'll need a cryptocurrency wallet.
This is a software product-thing or physical device that stores public and private keys, allowing access to accounts on cryptocurrency exchanges.
A key is a long sequence of random characters. Think of a public one like a bank account number — no harm comes from someone knowing it. Yet a private key is more like a PIN or a one-time password for accessing your account, so one must guard it carefully.
And yes, a cryptocurrency wallet isn't a literal wallet, as it doesn't store cryptocurrency like cash in a physical one. Instead, it reads data from a public ledger, which records all transactions and wallet balances, enabling transfers.
Next, if you choose to buy BTC on an exchange, you'll need to register and complete KYC (Know Your Customer, that is). This is a mandatory verification process to assess risks and ensure compliance. Most exchanges require it, and there's, well, no way around it.
Unless you pick decentralized platforms, which aren't really beginner-friendly.
Finally, you'll have to choose your payment method. There, essentially, you have two main options:
Bank card (credit or debit)
P2P (Peer-to-Peer, that is)
The first option is straightforward. Simply link your debit or credit card, enter the purchase amount, confirm the transaction, and wait for it to complete.
The second, however, involves the direct buying and selling of cryptos between users without a third-party intermediary. Thus, the exchange facilitates the transaction on your behalf, and the final price is determined by the market rate at the time of the deal.
Main Ways to Buy Bitcoin Online
Below are the main ways where you can buy BTC
Crypto ATMs
They're basically regular ATMs, but you can use them to buy and sell Bitcoin.
You'll usually find them in the same spots as regular ATMs. Yet, keep in mind that fees are usually much higher than those on exchanges. You'll also need to set up a wallet before you can use one.
But let's be real. This one is a bit clunky and pricey. Not the most convenient option. Anyhow, we couldn't leave it out — that wouldn't be fair.
To the next one.
Crypto Exchanges
Crypto exchanges are platforms designed for trading cryptos. On them, users can buy, sell, and exchange assets.
And not just BTC, but many others, sure thing.
High liquidity and 24/7 trading are the biggest advantages of these platforms. Unlike traditional stock markets, crypto exchanges operate around the clock, with no weekends or breaks.
However, there are some downsides. Commissions exist (though, thankfully, they're much lower than ATMs), and some places might be baDw5yqHn to navigate. This is especially true for DEXs — decentralized exchanges — rather than CEXs — centralized ones.
Allow us to make a quick note here to avoid confusion. CEX is the most traditional type of exchange one could possibly imagine.
Like exactly what people picture when they think of trading platforms.
Its interfaces and apps are usually more user-friendly, offering higher liquidity and stronger guarantees, which is particularly important for some. However, this also means the company behind the exchange has greater control and responsibility.
DEXs, on the other hand, are their natural counterparts.
Like yin and yang.
They emerged relatively recently — around 7-8 years ago. With the goal of reducing fees, letting people hold their own assets directly, and sidestepping certain regulatory hurdles. The trade-off? They must incentivize liquidity providers to offset risk, and admittedly, they're a bit harder to use.
Internal Exchange Options at Xgram.io
Xgram.io also makes it super easy to swap other crypto coins for Bitcoin.
With it, you may trade popular coins for BTC in just a few clicks. The platform makes transactions fast and with competitive rates, so it's a good alternative to traditional exchanges.
For example, on Xgram.io you can , or , or any other coin you have.
Note that you won't have to sign up or do any KYC, as we're trying to provide the simplest, privacy-focused way to get Bitcoin using the coins you already have.
Yes, you do have the opportunity to (sometimes) proceed even without verification. It's a totally normal thing.
Tips for Safe Bitcoin Purchases
When buying Bitcoin, security should be your top priority. Follow these tips to protect your investment:
Always use two-factor authentication (2FA) — adding an extra layer of security prevents unauthorized access.
Avoid sharing private keys — your private keys grant access to your Bitcoin. Never share them with anyone, and store them securely — as strong as possible.
Use trusted platforms — stick to well-known, reputable exchanges and services to minimize the risk of scams or fraud.
Consider using a hardware wallet — for maximum security, store your Bitcoin offline. Like, in a hardware wallet — to keep it safe from online threats.
How to Use Bitcoin After You Buy It
Bitcoin can serve as both an investment and a medium of exchange. In other words, one may spend it, trade it, hold it. And if one chooses to spend it, several retailers and digital services accept the assets as a payment.
But if you're looking to invest, always consider what kind of investor you want to be.
Day traders — who use a risky strategy involving frequent buying and selling — aim to buy Bitcoin at a low price and sell when its value increases. However, if you believe in Bitcoin's future, your strategy might involve buying and holding for the long term.
Finally, you can trade it for other coins on Xgram.io — safely and securely. Popular exchange directions:
Anyway, buying Bitcoin is now more accessible for beginners, with multiple options available. Always prioritize security and consider proper platforms for safe, fast exchanges.
Start your crypto journey wisely. We'll be back soon with an even bigger trove of useful insides!
