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Abra has emerged as one of the most popular apps to buy and sell bitcoin since its launch five years ago. Today, the California-based company uses blockchain technology to enable individuals across the globe to invest in stocks, ETFs, and cryptocurrencies using its user-friendly app. In this step-by-step guide, you will learn how to buy bitcoin using the Abra app. Buying Bitcoin on Abra Abra is a mobile-only platform, which means you will need to download the app to your smartphone. It is available for Android and iOs. 1. Set up your account To register an account, you first need to access the Play Store or App Store (depending on your phone’s OS), download the app for free, and you are ready to get started. Next, you will need to provide your name, email address, and phone number, as well as an access PIN for the app. Additionally, you will be asked to write down your recovery phrase. Do not skip this step as the recovery phase is what you need to use in case your phone is stolen or damaged, and you want to restore your Abra account! Once you have confirmed your account via the code that is sent to you in the confirmation text message, you will be taken to the platform’s overview dashboard. 2. Buy bitcoin using a debit or credit card After the setup process is complete, the next step is to deposit funds into your Abra account so that you can start investing in cryptocurrencies and other available assets. You can fund your account with cryptocurrency or fiat currency (through a bank transfer). The easiest and quickest way to buy bitcoin on Abra, however, is using a debit or credit card. To purchase BTC using a credit card, for example, you need to click on ‘Add Money’ on the home screen, which will take you to the payment options. There, you will see three options, namely: deposit cryptocurrency, Visa/Mastercard, and bank transfer, including how much each payment method will cost. If you want to make an instant bitcoin purchase using fiat currency, your best option is to use a bank card. While the 4 percent fee is not small, depositing funds via a bank transfer will take two to three days, and you may not want to wait that long to make your first purchase. To buy bitcoin on Abra using a Visa or Mastercard, you click on the bank card option, which will take you to the next screen where you will be provided with your bitcoin wallet address (which you need to copy!) and you will be introduced to Simplex, which is Abra’s card payment service provider. Once you have copied your bitcoin wallet address, you will be asked to access a web browser so that you can make your bitcoin purchase via Simplex. Next, you will land on the ‘Buy Bitcoin’ page on abra.com. There, you click ‘Buy Bitcoin,’ which will take you to the payment details page where you need to detail how much bitcoin you want to purchase and where you need to paste your bitcoin wallet address into that was provided to you by Abra earlier. Then, you finalize the transaction by inputting your Visa or Mastercard details. Shortly after, your newly purchased bitcoin will arrive in your Abra BTC wallet. More About Abra Abra is arguably one of the best next-generation investment apps in the market today. It is available in over 150 countries and enables users to start with as little as five dollars. The app makes investing in crypto and other asset class accessible to (almost) anyone across the globe with an internet connection. Abra allows you to invest in stocks, ETFs, and cryptocurrencies so that you can build a diversified portfolio of traditional and digital assets. Currently, Abra supports over 75 cryptoassets, including bitcoin (BTC), ether (ETH), litecoin (LTC), and EOS (EOS). The amount and kinds of cryptoassets available, however, are dependent on your country and/or jurisdiction. LocalBitcoins was launched in 2012 to enable individuals to trade bitcoin on a peer-to-peer basis. Today, LocalBitcoin is the largest P2P bitcoin trading platform in the world and a go-to option for bitcoin investors located in countries where there are no local exchanges. In this guide, you will discover a step-by-step guide on how to buy bitcoin on LocalBitcoins. Buy Bitcoin on LocalBitcoins To buy bitcoin on LocalBitcoins, you will first need to access www.localbitcoins.com and sign up to create an account. 1. Register an account To create an account, you need to click on “Sign up free” on the top right of the homepage. Then, you will land on the registration page where you need to provide a username, an email address, and decide on a password for your account. Ensure that your password is difficult to guess and not being used at any of your other online accounts. Once you have filled out the registration form, you will receive a confirmation email. Click on the link in the email to confirm that the email address you have provided belongs to you. Upon confirmation of your email address, you will be asked to provide personal details, including your full name and phone number. To confirm that the mobile number is yours, LocalBitcoins will send you a verification code via text message. Enter that code to complete your account setup. Once you have completed the setup process, you will be redirected to the trading dashboard, and you are ready to start buying and selling bitcoin. 2. Buy bitcoin One of the primary reasons why LocalBitcoin has grown to become the leading bitcoin peer-to-peer trading marketplace in the world is because of the high number of payment options it supports. From cash deposit and bank transfer to mobile money and PayPal. Effectively, every payment method imaginable is accepted at LocalBitcoins. For this guide, we will purchase $1,000 worth of bitcoin using PayPal as a payment method. To do that, we need to access the Buy Bitcoin section and choose PayPal from the payment methods dropdown menu. Next, you need to choose a seller that is offering the amount of BTC you want to purchase at a price that you are comfortable with. At LocalBitcoins is a peer-to-peer marketplace, prices are set by the platform’s users, which means they can – at times – be higher than on centralized exchanges like Coinbase or Kraken. Once you have chosen a seller, click on the “Buy” button. At this stage, you will be taken to the offer’s trade page. Here you will find the trade requirements as well as a box where you can input the exact amount of BTC you want to purchase in the currency you have chosen. In this example, we chose to purchase $1,000 worth of BTC, which equates to 0.097087 BTC at the time of writing. Once you have input the amount you want to buy and have understood the terms of the trade as outlined by the seller, you can click “Send trade request.” At this point, you have one hour to make the PayPal payment (as per the seller’s exact instructions), and then you will receive your purchased bitcoin in your LocalBitcoins wallet. LocalBitcoins will hold the bitcoin in escrow throughout this stage of the transaction to reduce the chance of someone paying without receiving their bitcoin and vice versa. As LocalBitcoins is a peer-to-peer marketplace, it is highly recommended to only trade with users with a high rating to ensure you are not dealing with unsavory characters who may try to take your money without sending you BTC. 3. Send your bitcoin to a secure wallet While LocalBitcoins is widely considered as one of the most reputable exchanges in the market, it has not been immune to hacks. As a result, it is advisable to transfer your purchase bitcoin to a personal bitcoin wallet to which you hold the private keys. To access your LocalBitcoins wallet, you click “Wallet” on the dashboard and then “Send bitcoins.” There you can add the bitcoin address of your personal wallets to transfer your purchased BTC holdings to your wallet. Ideally, you should be sending your bitcoin to a hardware wallet that stores your digital currency offline, where hackers have no ability to access it.

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