You can buy the bitcoin directly from the exchanges or the people in the marketplace. Bitcoin can be purchased in a variety of ways by making use of hard cash to debit and credit cards to wire transfer. You can even use the cryptocurrencies depending on from whom you are buying and where you live.
The first step in this is setting up a wallet for storing the bitcoin. You will need to decide whether you are buying the bitcoin with cash or online. There could be an online wallet, mobile wallet, a desktop wallet, or an offline one. You can take a look at the bitcoin price chart for this.
You will be able to find more information on some other wallets and tips which are present out there.
The most important part of any wallet is to keep the passwords and keys safe. When you lose them then you will lose access to the bitcoin which is stored over there.
How to buy bitcoin online?
When you are looking for buying the bitcoin online then you can open the account at the exchange of cryptocurrency and they will buy and sell the bitcoin on your behalf. There are hundreds of operations with varying security and degree of liquidity. It is also advisable to do some research before you choose any bitcoin. You will get several reputable exchanges from which you can choose.
The largest exchange of bitcoin in the world at this moment in the US dollar is Bitfinex. These are aimed at the savvier trades. Other high volume exchanges are Bitstamp, Coinbase, and Poloniex. Various reputable exchanges are working well for small amounts.
Most of the exchanges are accepting payments in bank transfers or with credit cards. Some are also willing to make use of Paypal transfers.