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How to Buy Bitcoin (in 2 minutes) - 2024 UpdatedWhat to Know Before Buying Bitcoin � Set up an account with a reputable cryptocurrency exchange. � Collect the documents needed to verify your identity for Know. Another option is to buy bitcoins directly through a Bitcoin ATM, though you're likely to pay much more in commissions than you would elsewhere. 1. Create a free account on the Binance website or the app. Binance is a centralized exchange where you can buy several cryptocurrencies including Bitcoin. � 2.