Buying Bitcoin has become increasingly easier in the past few years, with so many exchange platforms and Bitcoin ATMs popping up all over the world. That being said, buying Bitcoin remains one of the most difficult hurdles to overcome for novice users. Plus, verification procedures are not making matters any easier.
Buying Bitcoin – What Do I Need?
Before you can start buying Bitcoin, there are a handful of things you will need. First of all, you will need to install a Bitcoin client, either on your computer or mobile device. The installation procedures are very straightforward and self-explanatory. Once you have a Bitcoin client installed on your preferred device, a new wallet address will be generated on your behalf. This address is of great importance, as this is where your future Bitcoins will be sent to.
Secondly, you will need to prepare a copy of your government-issued ID or driver’s licence, as well as a copy of a recent utility bill. In terms of this utility bill, phone bills or bank statements are perfectly fine, although receipts from purchases made on Amazon or other online shops are not. A copy of these documents will be required for the exchange you are planning to