If you want to Bitcoin purchases from the national bank but you don't know how to do it, in today's guide I will show you step by step how to do it easily and quickly.
Let's go straight to the guide.
If you are a beginner in the world of cryptocurrencies, before making any purchases, it would be a good idea to start with the basics. how to learn about Cryptocurrencies in record time, so you are ready to make your first purchase.
Table of Contents
What is Bitcoin
The Bitcoin in simple words it is the first and most popular decentralized digital currency, created in 2009 by Satoshi Nakamoto, however we still don't know if the group was one. It is based on technology blockchain, a public and immutable ledger that ensures transparency, security and anonymity in transactions.
Unlike traditional currencies, Bitcoin is not issued by governments or banks, but operates through a global computer network which validate transactions through the Proof of Work (PoW). With maximum limit 21 million coins, is considered a form digital gold, while it is used both as a means of exchange and as investment asset.
Buy Bitcoin from National Bank
A lot of people ask me if Bitcoin can be purchased directly from the national bank.
and the answer I give him is that unfortunately This option is not available yet, but we can buy cryptocurrencies such as Bitcoin. transferring money from the national bank to a reliable exchange office.
If you don't know what an exchange is, I'll explain it to you right away.
What is a Bitcoin Exchange?
An exchange is a website where we can do EURO deposit and convert them into Bitcoin or what other cryptocurrency do we want.
In short, it is a modern bank where we can buy or sell cryptocurrencies.
For me the best Bitcoin exchange is bybit, Binance and Mexc however in today's guide the Bitcoin exchange we will use is will be bybit.
If you want to see detailed presentation about the Bybit exchange you can from here.
How to register at the Exchange
To register, the steps are quite easy.
To do registration on the Bybit exchange You will find the link here, and it will take you to the exchange's home page.
Then you will put the your email or phone number and you will complete your registration.
and you will complete a quick pKYC website which will not take more than 5 minutes, and immediately after that we can transfer the money.
Deposit
After you have successfully completed your registration on the Bybit exchange, you will press the button Deposit and then the button Fiat Deposit.
You will put the money you want, for example 100 euros, and select the option SEPA and then you will press the continue button.
and it will show you all the information you need to know to make the deposit.
- Beneficiary name
- They were
- additional information
Immediately afterwards you will go to national bank app and click on the Transfers option and then the foreign bank.
and you will put the iban from bybit, and in the recipient name, put the name "Dios" as given to you bybit in "Beneficiary name" and then you will put in the money you want, for example from 10 euros and up, and within a few hours the money will have arrived.
Don't worry about the national bank, it can it will take 2 more days to arrive but usually within a few hours they will have appeared.
If you are a beginner on your first deposit 10 euros to see that you did all the steps correctly.
How to buy Bitcoin
Once the money appears you will go to the category trade and after spot
And in the search you will select the EUR and you will click on BTC and it will show you the chart of BTC / EUR.
You will choose the category Buy market, and you will put in the money you want to buy Bitcoin.
Immediately after that you will press the button Buy BTC and that was it the purchase was completed.
How to protect Bitcoins
If you have completed your purchase and have Bitcoin, it's time to secure your cryptocurrencies.
You'll ask me now, but I keep my Bitcoins on the exchange, aren't they safe?
and my answer is YES but also NO.
When you have cryptocurrencies on an exchange, you are the beneficiary, but if for some reason the exchange closes or there is a hack, there is a high chance that the bitcoins will be lost and it may take many years before you even get a percentage of the money you lost.
For this reason, the best solution is Cold wallets. If you are interested, you can take a look at this article for The 5 Best Crypto Cold Wallets
I hope you found the detailed guide on how to buy bitcoin and make a deposit to Bybit from the national bank useful.
LIABILITY DISCLAIMER:
Cryptocurrency trading is VERY risky. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
Affiliate Disclaimer:
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