HOW TO BUY BTC FROM BLOCKCHAIN IN 2020

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HOW TO BUY BTC FROM BLOCKCHAIN IN 2020

You are not alone if you have been surfing the web looking for legit and authentic information on how to buy BTC from blockchain in 2020. Though there are different ways of acquiring the so much converted digital money individuals and organizations are more interested in the two most direct methods of acquiring BTC:

1. Mining

2. Direct purchase from Blockchain.

In this article, I will cover in detail how to buy BTC from blockchain using cash from your bank account.

Whether you are a pro or you are new to Bitcoin trading and cryptocurrency, the following steps will guide you on how to buy your Bitcoin from blockchain directly from your account.

 

Prerequisite to buying BTC from blockchain

  1. A blockchain wallet. ( if you don’t have a blockchain account, you can create on asap at www.blockchain.com )
  2. A Bank account with details matching your blockchain account details.

 

1: login into your blockchain wallet.

After creating your blockchain wallet, log in using your unique log in details.

2: from the main menu (under the dashboard) click on BUY & SELL.

3:Choose which cryptocurrency you would like to purchase you can select from: bitcoin, ether, bitcoin cash, stellar, and USD PAX. in this case choose BTC.

4:Input the amount you would like to buy or choose from the suggested amounts. though there is a purchase limit stated in the terms of use on blockchain.com, keep in mind you can always place another order later if you would like to buy more.

5:if you are new to blockchain yo will be required to verify your identity to proceed with the order. This process generally takes a few minutes but may take longer (depending on your location) if your case requires manual review; you will need to input some information about yourself and upload a legal document (such as a passport) and a selfie.

Note: blockchain buy bitcoin feature is currently only available for users within certain states in the US, India, the European Union, Iceland, Liechtenstein, Norway, Switzerland, Monaco, and San Marino.

6: Once you have been verified (usually takes a minute), you’ll see a checkout screen with the details of your order. Confirm your purchase details, then click Continue.

7: next input your payment details for your cryptocurrency purchase on the screen that appears. Securely transfer Euro or British Pounds (whichever currency you are paying with) from your bank account to Blockchain.com using the details on this screen. Please note that the recipient name in the Transfer Details screen must match the account holder name of your bank account exactly. If it does not match, your transfer could be rejected.

At this point, your purchase will appear as pending until the transfer is completed and received by blockchain. Once your cash transfer is received, your order will go through and your cryptocurrency will become available.

 

To place another order later, simply go to the Buy section of your wallet, located under the main menu in the top left-hand corner of the mobile app. You’ll be able to place another order, then follow the above steps again.

 

At first, the entire process might seem cumbersome, by following the simple and easy steps above, you can purchase as much BTC as you want (provided you are within the Blockchain purchase limit). At this point I can wrap this post up and tats how to buy BTC from Blockchain fast and simple in 2020.

 

 

 

 

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