How to buy Bitcoin in Papua New Guinea

If you've come here then you would like to know more about what methods are best for buying Bitcoin or BTC and which ways would best suit your country. Now there are a lot of ways you can buy cryptocurrency or Bitcoin, if you live in top tier countries like the United States of America, United Kingdom, Europe, and Australia this is would be a simpler process.

You can go to any of these sites to purchase Bitcoin/BTC with your master or visa card; find sites below for reference:

1. Coinmama

2. Local Bitcoins

3. Paxful

4. Kraken

5. Coinbase

6. And others

I personally would recommend Paxful or local-Bitcoins as it is much easier to compare sellers asking price against the actual price of BTC with the US Dollar. Please note that with most sites, you will be engaging with either a company or an individual who is willing to sell their BTC that is slightly higher than the actual BTC price so the seller can make a small profit, each site listed above varies but has the same concept of making a profit.

Now, this is Very Important before you buy BTC you will need an online wallet. Now an online wallet is similar to a physical wallet. This is where you keep your money/bitcoin temporarily until you are ready to spend it on a good or service.

You can sign up for any of these free sites and make sure your password is kept in a safe place. All sites listed below should have their own security measure to safeguard your BTC. A 2-factor authentication code is normally used in most of these sites. To be brief a 2-factor authentication is to verify that it is you that is logging into your wallet and not someone else, a verification code should be sent to you via text message, email or you can use the Google Authentication App from play store. To activate this security feature go to settings on the site you've signed up with and pick a 2-factor authenticator method, you should have the following to choose from; Paper, SMS, Email, or Google Authentication App, normally the site should prompt you to activate this feature because there are many scammers and fraudulent activities surrounding BTC online.

Four (4) Sites for online wallets to store BTC

1. 1.Coinbase

2. 2. Local Bitcoins

3. 3. Paxful

4. 4. Blockchain

There are many other online wallets you can join but I would recommend these 4 for now while you are starting off your journey into cryptocurrency.

For people who live in third world countries, like Papua New Guinea, Fiji, Vanuatu that is located in the pacific region just to name a few, and other parts of the world that fall in this category, I would suggest you see your local bank for a visa/master card.

Once you've obtained your visa/master card you can sign-up to either of these sites Coinmama, Paxful, and Coinbase which I've personally used and recommend for beginners, all three of these services are worldwide. You can sign up here for Coinmama, Paxful, and Coinbase...

Like all currencies they fluctuate, so I would recommend you watch the price of BTC before you purchase BTC, you can do a search on Google for BTC Calculator to see how it fluctuates and compare it to your own currency before going through with your purchase.

Now if you would like to save some money I've been using Coinbase which makes it really easy and safe to buy, sell, and store digital currency (like Bitcoin). Sign up now and get PGK 35.44 of free Bitcoin when you buy or sell at least PGK 354.38 of digital currency. Claim your invite now: https://www.coinbase.com/join/rage_xc?src=android-share Let me know if you need help,

I hope this site has answered some of your questions.

If you're looking at investing and trading BTC or other cryptocurrencies I would suggest trading with Binance.Com, I personally use this trading site and prefer the trading platform on both desktop or android/phone. The idea is to buy low and sell high I would suggest you start off with $20 or $50 to see if trading digital currencies are for you.

I also recommend you have a mentor and do more research when it comes to trading, that way you are acquainted with the tools and graphs before entering into the trading world.

Thank You

Immanuel Rage

Online Entrepreneur

Disclaimer: Please note that I am not giving financial advice when it comes to trading on platforms such as binance.com but recommend you do your research before entering into any online trading or investment as it involves high risk.