How to Buy Bitcoin — Step-by-Step Guide in 2025

Bitcoin continues to attract investors worldwide. Since the beginning of 2025, the cryptocurrency’s price has reached a new all-time high, strengthening interest in BTC as a promising asset. However, many beginners find it challenging to understand the processes of buying and storing cryptocurrency. Here, we have compiled a comprehensive guide on how to purchase Bitcoin and which buying methods are the most convenient and secure.

Preparation: How to Buy Bitcoin Step by Step

1. Create a Crypto Wallet – The first step to securely storing BTC. Choose between “hot” online wallets (convenient for regular transactions) and “cold” wallets (a safer option for long-term storage).
2. Choose a Buying Platform – Explore different methods such as crypto exchanges, exchangers, P2P platforms, crypto ATMs, or payment systems.
3. Register and Verify Your Account (if required) – Verification may be necessary to increase limits and gain access to additional services.
4. Make the Exchange – Purchase BTC on your chosen platform.
5. Withdraw Funds to Your Wallet – For maximum security, store your Bitcoin outside of the exchange, such as in a cold wallet.

Ways to Buy Bitcoin

There are several ways to buy Bitcoin—let’s explore each of them.

Buying Bitcoin on a Cryptocurrency Exchange

Cryptocurrency exchanges are the most popular platforms for purchasing Bitcoin, offering numerous additional features. Here, you can not only buy BTC but also actively trade, analyze the market, and use professional tools for spot and margin trading. The main reason many people choose exchanges to buy Bitcoin is convenience, a wide selection of trading pairs, access to liquidity, and the ability to control the purchasing process. One of the most popular exchanges for buying Bitcoin is Bybit.

Step-by-Step Guide to Buying Bitcoin on an Exchange:

• Step 1: Register on the Platform. First, you need to create an account on the exchange, by providing a valid email or phone number. Centralized exchanges like Binance or Coinbase require registration with identity verification. This is a standard procedure necessary for account security and protection.
• Step 2: Identity Verification (KYC). Most major exchanges require completing the KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to ensure platform and user security. To verify your identity, you need to provide documents such as a passport or driver’s license. Verification allows you to increase purchase and withdrawal limits and gain access to additional platform features.
• Step 3: Funding Your Account. To buy Bitcoin, you must deposit funds into your exchange account. You can fund your balance with cryptocurrency or fiat currencies if the exchange supports them. For example, Bybit, accepts payments via cards, bank transfers, and third-party payment services. Ensure that the platform offers the trading pair you need (e.g., BTC/USD or BTC/EUR).
• Step 4: Making a Purchase. Exchanges offer several ways to buy Bitcoin. You can use instant exchange, which happens automatically without delays. If you prefer more control over the purchase price, it’s better to use the trading terminal and place an order:
  • Market Order – Instantly buys Bitcoin at the current price.
  • Limit Order – Allows you to set a specific price at which you want to buy Bitcoin once it reaches that level.
  • Stop Order – A more advanced strategy where the purchase is triggered once Bitcoin reaches a predetermined price.
• Step 5: Withdraw to an External Wallet. After purchasing Bitcoin, you can store it on the exchange, but this is not always secure, especially for long-term storage. Exchanges can be hacked or shut down by regulators, so for better security, it’s advisable to transfer BTC to an external wallet (hardware or software). This ensures additional safety for your assets.

Buying Bitcoin Through a P2P Platform

P2P (peer-to-peer) platforms allow users to buy and sell Bitcoin directly from one another. The essence of P2P trading is that transactions occur between two individuals, while the platform acts as a security guarantor through an escrow service. Many platforms offer various payment methods and a decentralized trading structure. This method is convenient because it enables users to maintain anonymity and often bypass lengthy registration or verification processes. However, for increased trust and security, some platforms may still require KYC verification.

Step-by-Step Guide to Buying Bitcoin via P2P

• Step 1: Register on the Platform Sign up on the chosen P2P platform, and verify your identity if required (this may be necessary for transaction limits or dispute resolution). In most cases, an email or phone number is enough, though full verification may be required for larger transactions.
• Step 2: Find a Suitable Offer. Navigate to the “Buy BTC” section and filter offers based on country, payment method, and limits. This helps you choose the most convenient payment options, ranging from bank transfers and YooMoney to alternative methods like gift cards.
• Step 3: Choose a Seller. Select an offer that matches your price and conditions, then click “Buy.” Check the seller’s rating and reviews to minimize risks and ensure a reliable transaction.
• Step 4: Transfer Funds and Confirm PaymentSend the agreed-upon amount to the seller’s account and confirm the payment within the platform. The escrow service will hold the Bitcoin until the transaction is completed.
• Step 5: Complete the TransactionOnce the seller confirms receipt of the funds, the Bitcoin is automatically transferred to your wallet. If any issues arise, you can contact the platform’s dispute resolution service.

Bybit is one of the few exchanges that still supports P2P cryptocurrency trading with Russian rubles, providing an easy way for users in Russia to buy Bitcoin.

Buying Bitcoin via an Exchange Service

Exchange services are one of the simplest and fastest ways to purchase Bitcoin without requiring complex registration or verification procedures. Platforms like BestChange, allow users to compare exchange services, find the best rates, and choose trusted providers. The process is user-friendly and typically takes just a few minutes. How to Buy Bitcoin via an Exchange Service:

• Step 1: Choose an Exchange Service Visit BestChange and select your exchange direction (the currency you’re giving and Bitcoin as the currency you’re receiving). Find a provider with the most favorable rate and good reviews. Ensure the service supports your preferred payment methods..
• Step 2: Enter Transaction Details. On the exchange service’s website, enter the amount you wish to exchange, provide your Bitcoin wallet address, and choose a payment method (e.g., bank card, QIWI, PayPal, etc.).
• Step 3: Make the Payment. The service will provide payment details. Transfer the funds using the specified method, then confirm the payment on the exchange platform’s website.
• Step 4: Receive Your BTC. Once the payment is verified, the exchange service will send Bitcoin to your specified wallet address. The transaction’s completion time may vary depending on the Bitcoin network’s current congestion.

Buying Bitcoin via Payment Systems

Electronic payment systems (EPS) also offer the ability to purchase Bitcoin, enabling users to seamlessly transfer funds between crypto and fiat accounts. Services like Volet (Advcash), Payeer, and Capitalist allow easy account top-ups and fast currency exchanges within the system. However, not all of these services are available in Russia.

• Step 1: Register in a Payment System Sign up for the selected platform and create a personal account. Registration is usually free, but identity verification may be required for higher transaction limits.
• Step 2: Fund Your Account Deposit funds using a convenient method, such as a bank card or another electronic wallet. Deposit fees vary depending on the method and the chosen payment system.
• Step 3: Purchase Bitcoin Navigate to the currency exchange section. Most EPS platforms feature a built-in exchange service where you can buy Bitcoin with rubles, dollars, or other assets. Enter the amount you wish to spend and select BTC as the currency to receive.
• Step 4: Transfer Bitcoin to an External Wallet For long-term storage, it’s best to transfer your Bitcoin to an external wallet, as centralized services (like exchanges) are vulnerable to hacks.

Payment systems are convenient for quick exchanges and instant transactions, but for storing large amounts of Bitcoin, more secure options such as hardware wallets are recommended.

Buying Bitcoin via Cryptocurrency Wallets

Many cryptocurrency wallets feature built-in exchange services that allow users to buy and trade Bitcoin and other cryptocurrencies directly within the app. The main advantage of this approach is convenience and security, as you remain within the familiar and protected environment of your wallet, minimizing risks. Step-by-Step Guide to Buying Bitcoin:

• Step 1: Create an Account Most wallets offer two types of registration:
  • Via email-linked account creation
  • Using a private key (self-custodial wallets)
  It’s crucial to safely store your private key and seed phrase, as they provide access to your wallet.
• Step 2: Fund Your Account Go to your account and find the “Receive” section. Here, you’ll see your wallet address for deposits. If you plan to buy Bitcoin using another cryptocurrency (e.g., BNB), you must first transfer BNB to this address.
• Step 3: Open the Exchange Section Navigate to the exchange tab in your wallet’s interface.
• Step 4: Set Exchange Parameters Enter the amount of BNB (or another crypto) you want to exchange and select Bitcoin (BTC) as the currency to receive. The wallet will automatically calculate the Bitcoin amount based on the current rate.
• Step 5: Confirm the Exchange Review the transaction details and confirm the exchange. Once processed, Bitcoin will be credited to your wallet.

If your wallet supports purchasing Bitcoin with a bank card, you can also use this method by following the instructions provided by the built-in payment system.

Buying Bitcoin via Telegram Bots

Telegram bots allow you to easily and quickly buy Bitcoin without leaving the app. This method is convenient since users only need to open a chat with the bot and follow step-by-step instructions. Bots offer simple commands to place a purchase request and complete payment. How It Works:

• Step 1: Start the Bot. Choose a suitable Telegram bot, such as CryptoBot and click “Start” in the chat window. This will activate the bot and grant access to its features.
• Step 2: Select a Purchase Command. The bot will offer commands like “Buy BTC” or “Exchange,” allowing you to select the cryptocurrency and specify the purchase amount.
• Step 3: Choose a Payment Method. The bot will ask you to select a payment method. This can be a bank transfer, an electronic payment system, or even cryptocurrency payments. Choose the most convenient option.
• Step 4: Complete the Payment. After confirming your order, the bot will provide a payment address. Once you complete the transfer, the bot will verify the transaction and credit the Bitcoin to your wallet.

Telegram bots are convenient for beginners and those looking for a quick purchase without lengthy procedures. However, it is important to check the bot’s reputation and reviews before using it, as Telegram has many scam bots.

The Crypto Insite editorial team uses the Telegram bot CryptoBot, for cryptocurrency exchanges. It supports both P2P trading and cryptocurrency purchases via bank cards. The bot is reliable and time-tested, so we can recommend it to our readers.

Buying Bitcoin via Crypto ATMs

Cryptocurrency ATMs, or crypto ATMs, allow you to buy Bitcoin using cash. This is one of the easiest ways for those who prefer offline transactions and do not want to register on exchanges. The main limitation is that such machines are not available in every city or country and often charge higher fees for convenience.

How to Buy Bitcoin via a Crypto ATM:

• Step 1: Find the Nearest Crypto ATM. Websites like CoinATMRadar provide a map of crypto ATMs with their locations and supported currencies. This helps you find the closest machine that allows BTC purchases.
• Step 2: Follow On-Screen Instructions. Once at the ATM, select Bitcoin (BTC) and enter the purchase amount. The screen will display the exchange rate and fees, so make sure the terms are acceptable to you.
• Step 3: Enter Your Bitcoin Wallet Address. The ATM will ask for a destination address to send the BTC. Usually, you just need to scan your wallet’s QR code (e.g., from your mobile device).
• Step 4: Insert Cash. Deposit the required amount in cash, and the ATM will process the transaction. Once confirmed, the payment will be sent to the specified address.
• Step 5: Transaction Confirmation. As soon as the payment is verified by the network, the Bitcoin will be credited to your wallet.

Crypto ATMs are convenient for those who prefer cash transactions and are especially popular in cities where there are enough machines to ensure liquidity.

What You Need to Know Before Buying Bitcoin

Before getting started with Bitcoin, it’s important to understand key concepts and features of this cryptocurrency. Familiarizing yourself with wallet addresses, transaction fees, processing times, and security measures will help you use Bitcoin with confidence and avoid common mistakes.

Here are the main aspects to consider before purchasing Bitcoin:

1. Volatility and Risks. Bitcoin is highly volatile—its price can change significantly in a short period. These fluctuations require a cautious investment approach: it’s best to invest only what you can afford to lose. Understanding that the cryptocurrency market is sensitive to news, major players’ actions, and global events will help you prepare for sudden price swings.
2. Taxation. Many countries regulate cryptocurrencies, and buying, selling, or holding Bitcoin may come with tax obligations. Research your country’s tax laws to avoid violations and unexpected expenses. For example, in some countries, profits from cryptocurrency sales are taxable, making it crucial to keep records of all transactions.
3. Bitcoin Storage: Hot and Cold Wallets. Storage plays a key role in security. Hot wallets are connected to the internet and allow quick transactions but are more vulnerable to cyberattacks. Cold wallets, on the other hand, are offline and safer for long-term storage but require a physical device, such as a hardware wallet. Choosing the right storage method is a balance between convenience and security.
4. Cryptocurrency Scams. The crypto industry unfortunately attracts scammers who use fake exchanges, phishing websites, and fraudulent offers. Always verify any service before using it and ensure the platform is legitimate. Never share your private keys or personal information with untrusted sources.
5. Liquidity and Trading Volume. Liquidity refers to how easily you can buy or sell Bitcoin at the market price. Exchanges and trading platforms with low liquidity may affect your ability to execute trades, especially during price fluctuations. Before buying Bitcoin on a specific platform, check its trading volume and ensure it supports your preferred payment and withdrawal methods.
6. Choosing a Purchase Method and Fees. Different purchase methods vary in security and fees. Some services charge high fees for convenience and transaction speed, while others offer lower fees at the expense of user-friendliness. For example, buying Bitcoin on an exchange is often cheaper than using ATMs or wallet services but requires an understanding of how these platforms work.

Also read: A Step-by-Step Guide to Cryptocurrency for Beginners

What is a Bitcoin Address and How Does It Work?

A Bitcoin address is a unique alphanumeric identifier assigned to users within the Bitcoin network. It is used for sending and receiving cryptocurrency. These addresses do not contain information about the owner, ensuring anonymity and confidentiality. A Bitcoin address can be represented as a long string of characters or a QR code. There are three main types of Bitcoin addresses:

• Legacy (P2PKH): These addresses start with “1” (e.g., 1BUrDeWstWetqBFn8Au8m4JFg2xJaKVN4). This is the earliest format, but it comes with higher fees and is case-sensitive.
• P2SH: These addresses start with “3” (e.g., 3H28N5WuREZ83CNmhWcRcrnykWrMqkhFyWN). This type supports multi-signature wallets and offers slightly lower transaction fees.
• Bech32 (Native SegWit): These addresses start with “bc1” (e.g., bc1uf5tdn87k2uz7r2kl5zrfww362ch3746lq5vse7). This is the newest format, reducing fees and minimizing input errors.

Bitcoin Transaction Fees

Bitcoin transaction fees are not based on the amount sent but rather on the transaction size (in bytes) and network congestion. Some wallets allow users to adjust fees to balance cost and transaction speed. Miners, who validate transactions, prioritize those with higher fees, meaning the more you pay, the faster your transaction gets confirmed.

Transaction Confirmation Time

The confirmation time depends on how many confirmations the transaction receives on the blockchain. Each confirmation is added by miners and helps prevent double-spending.

• The standard time for adding a block is around 10 minutes.
• The actual confirmation time may vary from a few minutes to several hours, depending on the fee and network congestion.
• For secure confirmation, six confirmations are usually recommended, but 1–2 confirmations may be sufficient for small payments.

Blockchain Explorers

Blockchain explorers allow users to track the status and history of any Bitcoin transaction. These tools provide details such as transaction status, number of confirmations, fees, timestamps, and participating addresses. An example of a blockchain explorer is Blockchain.com Explorer.

Security Measures When Using Bitcoin

1. Private Key Protection: The private key is the most critical security element and should never be shared with third parties. It provides full control over assets in a wallet.
2. Strong Passwords & Two-Factor Authentication (2FA): These are essential when using centralized services such as exchanges.
3. Device Security: The safety of your phone or computer, where your wallet or access to it is stored, is crucial in preventing unauthorized access.

Bitcoin Storage: Options & Recommendations

For long-term Bitcoin storage, hardware wallets—physical devices that operate offline—are the most secure choice. Popular models include: Ledger and Trezor. For frequent transactions, software wallets can be used. However, it is preferable to choose wallets that allow private keys to be stored on the user’s device rather than on the provider’s servers.

Bitcoin is more than just a digital currency; it is a groundbreaking technology that has redefined money and attracted investors worldwide. Understanding the fundamentals and prioritizing security are key to successfully managing Bitcoin.

Read also: The Most Promising Cryptocurrencies in 2025

Frequently Asked Questions (FAQ)