Discover how to buy Bitcoin (BTC) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Bitcoin (BTC) is currently at
€75,957.67
-€723.26 (-0.95%)
Last updated on --.
How can I buy Bitcoin on OKX?
Whether you're new to crypto or an experienced trader, you can buy Bitcoin using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Bitcoin
Select Bitcoin and buy using your chosen method.
Step four
Receive your Bitcoin
Confirm your purchase and store your Bitcoin in your portfolio.
What's Bitcoin?
Bitcoin is like digital money that you can use on the internet. It was created to let people send money to each other without needing a bank. Imagine you have a special kind of coin that only exists online. This coin helps people trade safely and quickly, no matter where they are in the world. Bitcoin solves the problem of needing a middleman, like a bank, to send money, making transactions faster and often cheaper.
How can I buy Bitcoin?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete identity verification by providing necessary documents. 3) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 4) Once your account is funded, navigate to the 'Buy Crypto' section. 5) Select Bitcoin, enter the amount you wish to purchase, and confirm the transaction. Your Bitcoin will appear in your OKX wallet.
Why do people buy Bitcoin?
People buy Bitcoin because it can be used to make online purchases, send money across borders, and participate in the growing digital economy. Bitcoin is widely accepted by many businesses and is part of a larger movement towards decentralized finance. It offers a way to engage with new technologies and financial systems. However, it's important to understand that Bitcoin's value can change, and it may not be suitable for everyone.
Things to know before buying Bitcoin in the United States
In the United States, Bitcoin is legal and regulated. When buying Bitcoin, you will need to complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks, which involve verifying your identity. It's important to know that any profit from selling Bitcoin may be subject to capital gains tax. Keeping track of your transactions is essential for tax reporting. Always stay informed about the latest regulations and tax obligations.
What are other ways to own Bitcoin?
You can obtain Bitcoin without buying it by participating in programs like airdrops, where free tokens are distributed, or Learn-and-Earn programs that reward you for learning about crypto. Some platforms offer Bitcoin as a reward for completing tasks, such as referrals or providing liquidity. These methods often require time and effort, and the amount of Bitcoin earned can vary. Always research the requirements and risks involved in these programs.
How can I store my Bitcoin?
To keep your Bitcoin safe, you can use a custodial wallet, where a service holds your Bitcoin for you, or a non-custodial wallet, where you control your own keys. Hot wallets are online and convenient but can be vulnerable to hacks, while cold wallets are offline and more secure. Always back up your wallet and keep your recovery phrases safe. Consider using a combination of storage methods to balance security and convenience.
Why should I buy Bitcoin on OKX?
Learn more about the security measures keeping your Bitcoin safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Bitcoin (BTC)
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Ethereum
ETH
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LTC
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How to get Bitcoin for free
Invite friends, earn rewards
See how you can get free Bitcoin when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Bitcoin grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Bitcoin airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Bitcoin
Take advantage of price fluctuations and trade your Bitcoin for other cryptocurrencies.
Send Bitcoin
Send your Bitcoin anywhere, anytime with fast, low-cost transfers.
Spend Bitcoin
Use your Bitcoin to pay for goods, services, and experiences seamlessly.
Hold Bitcoin
If you think your Bitcoin will increase in value, you can hold onto it.
Sell Bitcoin
Convert your Bitcoin to cash quickly and securely.
How to buy Bitcoin (BTC) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Bitcoin BTC safely on a trusted exchange like OKX.
Choose the best exchange to buy Bitcoin (BTC) depending on your individual needs. Factors to consider when picking the best place to buy Bitcoin (BTC) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Bitcoin. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Bitcoin (BTC), as well as fiat withdrawal options.
This depends on the method you use to convert Bitcoin (BTC) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.