Imagine sending money to the other side of the world in 10 seconds, without a bank, without paperwork, without a 30€ fee. That’s Bitcoin. And if you’re reading this article, it means you’ve already made one of the smartest decisions of the year: understand before you invest.
This guide isn’t full of geek jargon. It’s written for someone who just heard the word “blockchain or crypto” for the first time from their friend at the coffee shop and didn’t know what to say. Here you’ll learn exactly what to do, step by step, with examples that speak your language.
Let’s get started.
What is Bitcoin
Before you learn how to buy it, you need to understand what you are buying.
Think of Bitcoin as digital gold. Just like gold:
- It exists in limited quantities (maximum 21 million Bitcoins)
- No one controls it, no government, no bank
- You can store it, transfer it, and sell it whenever you want
The difference? Gold weighs pounds and you can’t easily transport it like sending an email.
Bitcoin exists only digitally, as an entry in a huge, public, and immutable ledger called the blockchain.
Example: Let’s say you want to send €500 to your brother in Australia. By bank: 3-5 business days, fee €25-40, unacceptable exchange rate. By Bitcoin: 10-30 minutes, fee a few cents, any time, any day.
Should I buy Bitcoin now? or is it too late?
One of the most common questions I get in private messages is: “Isn’t it too late to invest in Bitcoin?“
The answer depends on how you look at it.
Bitcoin was issued in 2009.
In 2010, a Bitcoin was worth a few cents.
In 2017, it hit $20,000. In 2021, it hit $69,000. In 2024-2025, new highs of over $125,000.
Every time someone said “it’s too late now,” they were proven wrong.
Important warning: Bitcoin is extremely volatile. It can lose 30-50% of its value in a few weeks and recover after months.
Only invest money that you can afford to lose without affecting your daily life.
Prepare Yourself Psychologically
Before opening any account, do this exercise:
Write down on paper:
- How much money are you thinking of investing?
- What will you do if you lose 50% of it?
- In how many years do you want to see results?
If the answer to question 2 makes you anxious, reduce the amount in question 1. Investing in Bitcoin should let you sleep soundly.
The “1-5% rule”: Many novice investors start by putting only 1-5% of their total savings into crypto. It’s a smart start.
Choose the Right Exchange Bitcoin
A crypto exchange is the platform where you buy Bitcoin.
Think of it as a stock exchange but for digital currencies.
There are hundreds of exchanges. Most are reputable. Some are scams. Here’s how to tell the good ones apart:
Regulation and Licensing
Look to see if the exchange is regulated by a regulatory body (SEC, FCA, BaFin, etc.). In Europe, look for compliance with the MiCA regulation. An unlicensed exchange is like a bank without deposit insurance.
Fund Security: Check to see if they’ve ever been hacked. FTX was once the third largest exchange in the world and it collapsed in 2022, losing billions of customers. A good exchange stores 95%+ of its funds offline (cold storage), has theft protection, and implements 2FA (two-factor authentication).
crowinvesting after extensive and detailed research the best exchanges are 5
Top Crypto Exchanges for Beginners
- Bybit Exchange – Large exchange with many licenses
- Binance Exchange – The largest exchange in the world. Low fees, huge liquidity. More complex for beginners but very powerful.
- Coinbase Exchange – The best choice for beginners. Interface as simple as online banking, regulated in the US and Europe. Fees are a bit higher but the peace of mind is worth it.
- MEXC Exchange – Large exchange but within it you will find more low-cap crypto.
I should add here that depending on your country you may find better exchanges, but the ones we have listed are global exchanges.
Create an Account at an Exchange
We will open an account on the Bybit exchange, but almost all exchanges have a similar menu.
Go to the official Bybit site, always check that the URL is correct, as there are many fakes.
Click “Sign Up” / “Register” and enter your email, creating a strong password: at least 12 characters, a combination of letters, numbers and symbols.
Verify your email via the link you will receive, upload your KYC documents (usually takes 10 minutes to 48 hours for approval), and activate 2FA immediately.
Add Money to Your bybit Account
Now it’s time to put real money in. This is called deposit or funding.
Deposit Methods:
Bank Transfer (SEPA)
Low or no fees, but takes 1-3 business days. Ideal for large amounts.
Debit/Credit Card (Debit/Credit Card)
Instant but with 1.5-3% fees. Ideal for small amounts or urgent purchases.
But with the debit card you can buy Bitcoin immediately.
After you have completed KYC, you will go to the Buy Crypto (One click Buy) category.
You will choose your local currency and the money you want to deposit in Spend and in Receive you will put Bitcoin.
Buy Bitcoin with Bank Transfer
Finally! Your money is on the exchange and you are ready to make your first Bitcoin purchase.
Attention: If you have made a deposit in EUR or AUD or whatever local currency you have, you will need to find EUR/BTC or your local currency to convert it to BTC
Market Order (Buy at Current Price)
You buy immediately at the current price. Simple, fast, ideal for beginners.
you will go to the Trade category after spot and you will find BTC.
It will take you to the Bitcoin chart and you will go right you will select BUY after Market and you will put the money you want and you will press the Buy Bitcoin button.
AWESOME. You’ve bought your first Bitcoin.
How Much Bitcoin to Buy?
How Much Bitcoin to Buy?
Here’s a surprise that not many people know: You don’t need to buy a whole Bitcoin.
Bitcoin is divided into units called satoshis (sats). 1 Bitcoin = 100,000,000 satoshis. You can buy as little as €10 worth!
Example: If Bitcoin costs $95,000 and you buy €50 worth, you get about 0.00052 BTC, or 52,000 satoshis.
These are real Bitcoins, with all the rights.
The DCA Strategy: A Beginner’s Best Friend
Dollar-Cost Averaging (DCA) is the strategy of buying a fixed amount regularly, regardless of the current price.
Example of DCA: Every 1st of the month you buy $50 worth of Bitcoin. You don’t care if the price is $80,000 or $100,000. Sometimes you buy high, sometimes low. In the end, your cost averaging evens out.
Why is it good? Because it eliminates the stress of timing. You don’t have to guess when the “right” time is. You do it systematically and forget about it.
Real-world DCA example: Someone who bought €50/month of Bitcoin from January 2020 to December 2022, even during the big drop, had significant returns until 2024, despite “buying” at peaks.
Crypto Wallet: Where Do You Store Your Bitcoin?
After you buy Bitcoin, you need to decide where you are going to keep it. This is probably the most misunderstood part for beginners.
Exchange Wallet (Custodial)
Bitcoins stay on the exchange. Easy, but it has a risk: if the exchange closes or gets hacked, you can lose your funds. It has been done. FTX. Mt. Gox.
Hardware Wallet (Physical Device)
Costs €60-200 but Bitcoins are stored offline, off the internet almost impossible to hack. Suitable for larger amounts. Examples: Ledger Nano S, Tangem
If you have Bitcoin worth more than €500, invest in a hardware wallet. If you have more than €5,000, it is mandatory.
The Seed Phrase: The Most Important Thing You’ll Read Today
When you create a personal wallet, you’ll be given a seed phrase: a string of 12-24 words (e.g. “apple river mountain sunset…“).
These words ARE your wallet.
Whoever has them has access to all your Bitcoins.
Rules for the seed phrase:
- Write it down on paper or metal (2 copies)
- Store it in a safe place (e.g. safe deposit box)
- Never in email or cloud
- Never in screenshot
- Never on WhatsApp or Messenger
- Never to anyone else
True story: A British programmer accidentally threw away the hard drive containing his Bitcoins in 2013. Today it is estimated that the equivalent of about €700 million was lost. The seed phrase would have saved him.
After Buying Bitcoin: What Do You Do Now?
After buying Bitcoin, you should arm yourself with patience and follow a strategy
“HODL” (Hold On for Dear Life) Strategy
The simplest and for many the most effective strategy: you hold Bitcoin regardless of the fluctuations. You don’t panic when it drops. You don’t sell in the middle. You take the long view.
The “Night of the Big Crash”
If you wake up tomorrow and Bitcoin has lost 40% of its value, what do you do? If the answer is “panic and sell,” then you either invested too much money, or you don’t believe in the technology enough.
Don’t Check the Price Every Hour
This is mental health advice. Bitcoin can go -10% in one hour and +15% the next. If you check the price every hour, you’ll go crazy. Set price alerts at specific prices and go about your normal life.
Keep Learning
The crypto space is changing rapidly. Some great resources for beginners: Bitcoin.org for basic knowledge, Investopedia (crypto section) for excellent explanations of concepts, and YouTube channels like “Coin Bureau” for objective analysis.
Final Thought: The Best Time to Start
They say the best time to plant a tree was 20 years ago. The second best? Today.
The same goes for Bitcoin. We don’t know if the price will hit $200,000 or drop to $50,000 tomorrow. No one knows. But if the technology and theory behind Bitcoin makes sense to you — if you believe the world is moving toward a more decentralized financial system, then small, regular investments are a logical move.
Learn first. Invest later. And always, always, insure what you have.
Thank you for coming this far, I hope I helped you learn about how to buy Bitcoin safely
If you want to buy Bitcoin you can from the exchange Bybit
This article is for educational purposes and does not constitute investment advice. Always invest based on your own research and risk assessment.
Yes, it is completely legal. It is subject to capital gains tax depending on the country you reside in.
No. The worst case scenario is the complete loss of your initial capital.
If your Bitcoins are in a personal wallet, you are not affected. If they are on an exchange, you may have a problem
On regulated exchanges (which I recommend), no KYC is required. There are P2P methods but they have additional risks.
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