Looking to invest in the largest and oldest cryptocurrency? Great choice. Bitcoin not only brought the world a revolutionary new payment system, but also instigated the creation of multiple industries from there. Today, we’re going to give you a step by step guide on how to buy Bitcoin with Euros and tap into this €250 billion industry.
To those new around here, here is a brief overview of the legendary cryptocurrency. Created in 2008 and announced to the world through a white paper, Bitcoin officially launched its network in early January of 2009. Created by an anonymous entity going by the name of Satoshi Nakamoto, the identity or identities of those behind the conception of cryptocurrencies still remains a mystery. Bitcoin is designed to be a peer to peer payment system, eradicating the need for a third party or middleman to facilitate the payment.
Completely decentralized, Bitcoin is operated by a network of nodes around the world, who follow the same protocol rules and maintain the network. Should anyone try to deviate from the protocol, the rest of the network will immediately pick this up and correct the error. Since Bitcoin’s launch in 2009, one BTC is now valued at over €13,000, deeming it the most profitable asset class over the past decade.
Tap Global offers users an easy and safe manner in which to buy BTC. The modern alt banking solution allows users to buy, sell, store and spend cryptocurrency with literally the tap of a finger. Available from the Apple Store or Google Play Store, the app offers high security features, two factor authentication (2FA) as well as a means to onboard Euros. Here is our guide on how to buy Bitcoin with Euros.
First you’ll need to download the app (Apple Store or Google Play Store) and create an account. Once you’re in, you’ll be greeted by this welcome display (below) which will assist you in navigating the app.
Select the blue Add Money option above the assets block. This will automatically pull up the KYC verification, which needs to be completed before any activities can be performed on the platform. KYC stands for Know Your Customer and is a mandatory step for anyone looking to engage in the crypto industry.
You will need to submit the following:
Each step will come with an easy to understand instruction. Once you have submitted your KYC, you will receive an email with confirmation of the application and a tracking number, which allows you to check the status of your application in Settings. Once approved, you will receive a confirmation via email and have full access to the app’s many features.
Once your KYC is approved, you will receive an email notification. Now that you are verified, head back to the app and select Add Money. Presented with several options, select the first “Cash, Add via Bank Transfer” one.
In 6 simple steps we’ve explained exactly how to buy Bitcoin with Euros through the intuitive and reliable Tap app. Tap into the future with split second access to crypto trading. A world awaits..
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