
Learn the step-by-step process of how to buy bitcoin on the Bitnob app, so you can start your bitcoin journey.
Bitcoin has grown to be mainstream since Satoshi Nakamoto launched it in 2009. Since then it has been reported as the best-performing asset of the last decade with the returns being 10 times more than Nasdaq 100.
A lot of people start their bitcoin journey with the mind of either making profits from its volatility or for long-term investments through dollar cost averaging bitcoin and holding for long periods of time.
Whatever your motivation is to buy bitcoin, this article will show you how to buy bitcoin using the Bitnob app. As a bonus, I will add why dollar cost averaging your bitcoin is the best investment strategy for you.
On the Bitnob app, buying bitcoin starts with funding your USD wallet. The money you have in your USD wallet is what you will use to buy bitcoin on the Bitnob app. If you’ve not downloaded the Bitnob app yet, click here to download then do the following:



As you can see above, Bitnob prioritizes security and they want to make sure you’re able to securely fund your wallet so that you can safely buy bitcoin. So make sure you carefully read through the security questions and follow the instructions on the app.
Now that you have funded your USD wallet, here comes the fun part — buying bitcoin. Buying bitcoin on the Bitnob app is really easy. All you need to do is follow the steps below:





Voila! You’ve successfully bought bitcoin.
You now know how to buy bitcoin from the Bitnob app. What’s next?
As I mentioned earlier, bitcoin has outperformed every asset you can invest in. To enjoy the long-term benefits of investing in bitcoin, you need to have an investment strategy in place.
There are different types of investment strategies, but the one that has stood the test of time is the dollar-cost average (DCA) strategy. DCA is an investment strategy where you invest a fixed dollar amount on a regular basis, regardless of the price of what you’re investing.
What this means is that, if you plan to invest $10 of bitcoin every month, you will invest that amount irrespective of the price of bitcoin. Whether the price of bitcoin goes down or increases, you will be investing $10 a month.
The beauty of this strategy is that you also get a chance to predict the returns you’d get for following this strategy. For example, Bitnob has DCA calculator that you can use to predict what your investment would have generated over a specific time frame.
Let me illustrate just how powerful the DCA strategy is. Let’s say you decided to invest $10 in bitcoin every month for 5 years starting from April 2018. By now your $620 bitcoin investment would have been $1,816.52 by April 16, 2023. Using Bitnob’s DCA calculator you can see that your investment made a 192.99% return using the DCA strategy.

Here are reasons why the dollar cost average strategy is the best way to invest in bitcoin:
Bitcoin is the best asset to buy and it doesn’t have to be difficult or complicated to get started. In this article, you learned the step-by-step process of how to buy bitcoin on the Bitnob app. We also shared with you the best investment strategy to get you started on your bitcoin journey.
Ready to put into practice what you learned? Click here to buy bitcoin.