buy bitcoins using neteller, skrill, payza, creditcard or payza in sinhala by prathilaba.com

Buy Bitcoins Crypto currency as a long term investment in English

Lets Learn about how you can buy the popular Cryptocurrency bitcoins ( BTC ) using Paypal, Skrill, Neteller, Skrill or Credit Card online in English. ( If you are looking for a sinhala guidence. Please click here : Bitcoins in Sinhala )

What is Bitcoin ( BTC )

Bitcoin is a Crypto Currency. It means that the currency is not controlled by a country or an individual but a coin that is generated by solving mathematical formula in a process called mining which gets hard and harder each time ( You also can do mining but it does need a higher investment for equipment and you will need to bare heavy electricity cost unless you are in a country with a low electricity fee or you have a method of getting low electricity ). Currently bitcoin is accepted by many online retailers as well as businesses world wide including prominent multi international companies. 

Who Accepts Bitcoin as a payment

Microsoft, Stripe, Shopify, Namecheap, Namesilo, Bloomberg, WordPress, Virgin Galactic, Dell are some of the major companies that accepts Bitcoins online. Also it is heavily accepted by retailers in Japan. Currently over 100,000 shops in Japan accepts Bitcoin based payments for services and products. So you do not need to get worried ! It will grow though we see a price corrections time to time with bitcoins.

Why I need to buy bitcoins 

If you knew about the future and past of the bitcoin. For sure you will be kicking yourself for the delay in getting in to bitcoins and purchasing them. Look at the approximate pricing of the Bitcoins ( BTC ) :

2009 - $0
2010 - $ 0.01
2013 - $13.30
2014 - $770.44
2015 - $313.92
2016 - $434.46
2017 - $2562

If you had bought $1000 worth of bitcoins prior to 2013, you would have already become a multi millionaire  😎 

So that is past, what could we do now ?

If you are a person who can make investment but take a bit of risk. then you need to buy and keep bitcoins as a long term investment. Reason for saying "risk" is that any investment does have a risk. Even if you start a business with an investment. Anything is possible with any investment right ? Anyway the risk factor is less considering the other crypto currencies and as a long term 5-10 years investment. If you are planning to buy and sell immediately this may not be the ideal investment for you.   😎 

Why Some are selling bitcoins ? Why Don't they keep bitcoins ?

If some one has bought it before 2016. They will be making a huge income by selling at this moment. Most will be selling only a portion while keeping the rest with them. Other seller are generally bitcoin miners ( You can do it too like I told previously but it will be not cost effective with investment required and monthly electricity costs )  😀 

What is a Bitcoin Wallet 

We keep our money in banks right ? Bitcoin is a virtual currency, therefore it needs to be stored in a similer place called Bitcoin Wallet. Once you create a bitcoin wallet, You will get an account address ( not account ID ) each time to receive bitcoins. It will be something like below bitcoin address.
eg: 1MwN85No8hnpjm32gRCREHYU21d1aTsD2d

Let's make a Bitcoin Wallet !

Let's a make bitcoin wallet using Blockchain.info which is the best place to keep your bitcoins ( We will learn about, how you can buy bitcoins at the latter part of the article )

Go to Blockchain.info and sign up with your email and a password

Once you register, you will get a window just like below one.  Also you will get a confirmation email to your email account.  In the email, click "Yes, This Is My Email" to confirm that it is your email. Also at the bottom of the email, you will see "Your Wallet ID: #########". Keep this ID in a safe place. don't give this to anyone else ( This is your ID not the bitcoin address to receive payments. ). You can login using this ID with your password to your account. 

blockchain bitcoin wallet account in English by prathilaba

On the left side of your account. You will see a link called "Security Center".  Using this link make your account more secure by adding phone number, 2factor authentication etc.

"REQUEST" You can see your bitcoin address here. You can give this address to ask payments from any other bitcoin holder or seller.  Always  copy/paste the bitcoin address and use because if you make a mistake, the transactions cannot be reversed. So keep that in mind always guys.  ( For security reasons the bitcoin address for you will change after every transaction but still old addresses will work without any issue. So always better to use the newly generated address in your wallet )

blockchain receive bitcoins in English by prathilaba

"SEND"  - Using this button you can send bitcoins from your wallet to any other bitcoin address.

blockchain send in english by prathilaba

From where Am I going to get bitcoins ? 😯 

A bitcoin will cost around $2500. So those who are not able afford that much can buy $10, $100, $200, $500etc worth of bitcoins now. For example if you buy $100 worth of bitcoins. You will get aprox. around 0.04BTC. So we can purchase bitcoins in several ways as below.

Update 2023 : When we were making this article, the price was around $2500. It moved up to $69,044.77  on 10th November 2021. Now the price is hovering around $20,000-$30,000 in 2023.  The price will move significantly after about  6-18 months from the next Bitcoin halving on April 26, 2024.

Buy Bitcoin online using Paypal / Neteller / Skrill or Local Currency in Sri Lanka

The easiest way is to buy it using Paypal, Neteller or Skrill using Bitcoin market as below websites. Ideal for small quantities and faster processing.  Always make sure the seller has positive ratings  & reliable.

Using Popular Crypto Currency Exchangers Binance and Gate.io in Sri Lanka

You can buy or exchange crypto (all major and altcoins) using Binance website. A service provider since 2017. Also you can trade crypto using the same platform. Also you can use Gate.io website. A service provider since 2013 and you can use this platform for crypto trading in Sri Lanka too.

Binance

To engage in cryptocurrency trading or make investments, Binance provides a reliable platform for purchasing cryptocurrencies. One convenient option is to utilize the Binance P2P Trading feature, which allows users to initiate their crypto journey. While it’s worth noting that Sri Lankan banks no longer support debit/credit cards for transactions, Binance still accepts overseas Visa and Mastercards, ensuring accessibility for users worldwide.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Gate

If you’re looking to buy cryptocurrency for trading or as an investment, Gate.io offers a robust trading platform to facilitate your transactions. To get started with crypto, you can utilize the P2P Trading section available on the Gate.io website. This section provides a convenient way to enter the world of cryptocurrencies and explore various trading opportunities.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Local credit and debit cards not supported by crypto exchanges. So best thing is to buy USDT / BUSD from someone that sells. and then exchange to other crypto's on the above platform. So in order to find a reliable person to get USDT, drop us an email or contact us using the contact form. Optionally you can use the P2P sections in the above two sites.

Buy and keep as much as possible with a 5-10 year plan ( Keep an eye on the bitcoin halving ! We will add an article too in the near future about bitcoin halving ). If you are thinking of buying and selling due to current movements in market. Then avoid buying. This is good only as a long term investment as your target should be higher price.  🙂

Also read these articles too

Online Work from home ideas and jobs in Sri Lanka - Sinhala

Online Work from home in Sri Lanka

How to earn money online in Sri Lanka

Good Luck !

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