you like to have bitcoins? Do you want to buy bitcoins? It's simple,
you just need an online bank account and a mobile phone. Here we will
describe how to buy bitcoin in a very simple and convenient way. We
will use an Internet site named Bity which is Swiss and a popular
program in the bitcoin world named Electrum.
First phase (Electrum program)
First go to electrum.org and download the Electrum
program, the software is in Italian and you can see a video on how to
use it for the first time here. The video is in Italian and shows
clearly and in detail what to do. In practice the salient points are
two types of passwords: one is created by the program and is a series
of words in English that must be written on a sheet of paper and put in
the safe, the other is created by us and is a common password that
allows you to access your wallet and send bitcoin to those you want:
keep it confidential.
At the end of these settings you have a new bitcoin address that is a number of the type:
then you can credit this bitcoin address with the money that others
send you. In practice it is like the IBAN of the bank account.
I am currently and personally using Electrum.
Second phase (Bity. com site)
The second step is to convert the euro into bitcoin. To do this, sign up for Bity.com
which is all in English, French and German but very easy to understand.
You need to provide very little data including the IBAN of your current
account and your mobile phone number. Of course, you must also enter
your bitcoin address so that you can be credited with the bitcoin
Once the registration of data has been accepted, you can purchase
bitcoins via the Bity website as if it were any goods paid by bank
transfer. For example, they send EUR 50 to the IBAN indicated by the
SEPA credit transfer, which is usually free of charge in many online
banks. After one day we would have received on our bitcoin address the
corresponding amount in bitcoin with the exchange rate of the moment in
which Bity received the transfer.
If we open our Electrum program we will see that the sum is in our
availability. Another useful method to see our sum is via the website
blockchain.info. For example, with the address used as an example above
you can see how much money it contains: 1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v
There are limits in the use of Bity, the FAQs
detail the salient points. For example, at this moment in time you
cannot convert more than 250 euros per day and 4000 euros per year. If
you want more money, send more personal data to Bity. What is verified
is at least your mobile phone number (a code as SMS is sent) and your
email that is verified in the usual method. The IBAN and bitcoin
address are not verified. Over €4000 per year, an identity document and
other data is required.
At present, bitcoin is listed on Bity.com Buy EUR 868.09/BTC and Sell
850.21 EUR/BTC. It means that its price is the average value (859.15
EUR/BTC) and that a commission of 8.94 € per bitcoin or 1% is charged.
One percent is very little when you think that buying bitcoins via PostePay pays 10% commission or credit cards charge about 2% for each money transaction.