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How to Buy Guide
Last Updated: NOV 21, 2024
How to buy
Whether you’re on the go, looking to implement a sophisticated trading strategy, or just trying to make your first crypto purchase, we have the tools for you to take control of your crypto journey.Step 1
Sign up for Gemini
Use our Website: Create an Account
On Mobile: Download the App with the QR code, available on the App Store, Google Play, and Galaxy Store
Step 2
Verify your account
Go to the “My Account” tab and follow the instructions in the “Verify your identity” section. Once the verification process is completed, full trading and transfer capabilities will be enabled for your account. Learn more
Step 3
Link your funding source
The five main ways to do so: Wire and Bank Transfers, ACH Transfers, Apple Pay and Google Pay, Debit Card Purchases, and Crypto Transfers. Learn more
Step 4
Purchase your Bitcoin, select a buy order type
After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases.
Step 5
Enter the amount of Bitcoin you want to buy
Next, you’ll be prompted to enter the amount you’d like to purchase. Once you’ve entered the amount, click continue.
Step 6
Choose your payment method and confirm
The next screen will show your payment options. Select your preferred method of payment, review your trade details, and swipe to confirm your order.
Visit our price page to learn more about Bitcoin
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Questions? Answers.
What is Bitcoin?
Bitcoin is the world’s first cryptocurrency and blockchain. Bitcoin is the first decentralized digital currency, meaning bitcoins are transferred peer-to-peer over the Internet without needing to be passed through a bank or other financial institution. This results in lower fees, international accessibility, and avoidance of restrictions and limits traditionally imposed by financial institutions.
You can read more about Bitcoin (BTC) on Cryptopedia: What is Bitcoin in 5 Minutes
How does Bitcoin work?
Bitcoin exchanges allow users to buy and sell bitcoins (BTC) in their native currency. Bitcoins are stored in a bitcoin wallet, which is a secure, digital storage program designed to store keys for crypto transactions that live on your desktop computer or mobile device.
Bitcoin buyers and sellers make up a peer-to-peer network and the individuals who verify transactions (mining) are known as miners. Verified transactions go into a public record on the blockchain called a ledger.
Are Bitcoin Transactions Anonymous?
While Bitcoin transactions are harder to trace than traditional electronic transactions, they are not completely anonymous. Miners can use pseudonyms, but your crypto wallet’s address (a unique string of numbers and letters) is stored in the public blockchain. This enables fraud prevention as transactions can be publicly traced. So in a sense, yes bitcoin transactions are anonymous in that your name is not immediately identifiable. However, your bitcoin wallet ID is.
You can read more about this topic on Cryptopedia: Anonymity vs. Pseudonymity In Crypto
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