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How to buy Bitcoin without fees? Top ways to do it safe

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By Yuriy Bishko Updated April 26, 2024
BikoTrading Academy

Most novice traders wonder how to buy Bitcoins online without commissions, but it must be safe (we mean financially safe), because even a small mistake when buying cryptocurrency can lead to loss of capital. Simple instructions will help to avoid it. Following them will protect you from fraudsters and other possible problems.

A novice user can make many mistakes when buying bitcoin, each of which can lead to loss of capital. There is a risk of transferring funds to an exchange created by scammers, overpaying for coins due to an inflated rate or commissions, and entrusting assets to an unreliable platform. Please follow us to learn how to buy and sell bitcoins securely.

Buying Bitcoin with a bank card

Experienced traders prefer Binance. Binance is the world’s largest cryptocurrency exchange, trusted by millions of users. With them, buying cryptocurrency is a fast, easy and safe transaction. Also, their big advantage is the 24/7 customer support service. Here’s how to buy bitcoins with a credit card on Binance.

Sign up with your email address or mobile number and set a strong password. Or download and open the Binance cryptocurrency trading app from the App Store or Google Play. There are two main ways to buy Bitcoins on Binance crypto exchange:

Here’s how to buy bitcoins with a debit card or credit card by linking it:

1)Select (1) “Buy Crypto” then click (2) “Credit/Debit Card” on the top navigation.

binance buy bitcoin

3) Enter the amount you want to enter into the exchange

how to buy crypto on binance

4) Add the credit card and push continue. That’s all.

buy crypto with card on binance

Or bank account or buy cryptocurrency directly from other users via P2P transaction(Peer to Peer) trading is also known as P2P (customer to customer) trading in some regions. In a P2P trade user directly deals with his/her counterparty, exchanging the fiat asset offline and confirming the transaction online. Once the offline fiat asset exchange is confirmed by both parties, the digital asset is released to the buyer.

A P2P platform serves as the facilitator of the trade by providing a platform for buyers and sellers to broadcast their offers. At the same time, the escrow services of online digital asset ensure the safety and timely delivery of digital asset during trade execution.

1) Select (1) “Buy Crypto” then click (2) “P2P Trading” on the top navigation.

buy crypto

2) Click (1) “Buy” and select the currency you want to buy (BTC is shown as an example). Filter the price, here you can see how much are bitcoins to buy, and the (2) “Payment” in the drop-down, select an ad, then click (3) “Buy” .

crypto buy

3) Enter the amount (in your fiat currency) or quantity (in crypto) you want to buy and click (2) “Buy”.

binance buy bitcoin

4)Confirm the payment method and amount (total price) on the Order Details page.
Complete the fiat transaction within the payment time limit. Then click “Transferred, next” and “Confirm”.

buy cryptocurrency buy crypto on binance

Note: You need to transfer the payment directly to the seller through bank transfer, Alipay, WeChat, or another third-party payment platform based on the seller’s payment information provided. If you have already transferred payment to the seller, you must not click “Cancel” unless you have already received a refund from the seller in your payment account. If you do not make an actual payment, please do not click “Confirm” to confirm the payment. This is not permitted according to the rules of the transaction. If you encounter any issues during the transaction, you can contact the seller using the chat window.

5) Once the seller has released the cryptocurrency, the transaction is completed. You can click (2) “Transfer to Spot Wallet” to transfer the digital assets to your Spot Wallet.

You can also click (1) “Check my account” above the button to view the digital asset you just bought.

 

Want to know how and where to buy bitcoins at the right time? Join our trading club in Discord and get all the information you need with reliable support and advice from our best traders. We offer VIP signals, real trade examples with detailed explanations, and daily market analysis and predictions.

Common pitfalls to avoid

  • Fake exchanges. Don't fall victim to fraudulent platforms created by scammers targeted at people who want to know how to instantly buy bitcoins or sell them. Watch out! Always choose a reputable exchange with a strong track record.

  • Hidden fees. Watch out for inflated rates and sneaky commissions. Compare fees across different platforms before you buy. Also, study all the conditions and learn how to buy bitcoins safely on each platform.

  • Unreliable platforms. Don't trust your hard-earned money to an untrustworthy exchange. Research the platform's reputation and security measures.

Mistakes that beginner traders make

Many beginner traders are searching for how to buy bitcoins using PayPal. Using payment platforms like PayPal or Skrill to buy Bitcoin can be challenging due to their policies against cryptocurrency transactions. Many exchanges do not support these payment methods directly, and those that do may charge higher fees.

Also it is important to understand that buying bitcoin without verification is not possible on legitimate platforms. Most reputable exchanges and platforms require users to go through a verification process to ensure secure transactions and meet regulatory standards. While this may seem like an extra step, it is actually beneficial for trader safety. Looking for how to buy bitcoins without verification might have its consequences. Verification helps prevent fraud, money laundering, and other illegal activities.

If you are new to the market, join our crypto trading course. Learn how to read and understand market dynamics with ease, execute profitable trades with confidence, identify trends quickly to your advantage, predict price movements effectively, and develop a personalized trading strategy that aligns with your goals.

Conclusion

When you're buying Bitcoin, or just searching for how to buy bitcoins, fast methods don’t work here. It's crucial to focus on safety and reliability. We highly recommend using exchanges that are well-known and trusted by users. By sticking with reputable platforms, you can reduce the risk of falling victim to scams and enjoy a smoother buying process.


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