A complete beginner's guide. No jargon, no hype — just the steps you need to buy crypto safely and save on fees.
Updated: March 2026You need a cryptocurrency exchange to buy Bitcoin. The two best options for beginners are Binance and OKX. Both support bank transfers, debit cards, and P2P trading in 180+ countries.
Use a referral code when signing up to save 20% on every trade. This discount lasts forever and cannot be added after account creation.
The world's largest exchange. Best for spot trading, futures, and earning yield on crypto.
Top-3 exchange globally. Best for P2P trading — buy crypto directly with your local currency and local payment methods.
Click one of the signup links above. The referral code will auto-fill. Enter your email, create a password, and submit. Make sure the referral code field shows the code before you submit — it cannot be added later.
Both exchanges require identity verification before you can trade. You will need a government-issued photo ID (passport or national ID card) and a selfie. This process takes 5-15 minutes and is required by financial regulations in most countries.
You can add money to your exchange account in several ways:
P2P is the best option in countries where bank transfers to crypto exchanges are restricted. OKX has the widest P2P coverage.
Once your funds are deposited, go to the spot trading page, select the BTC/USDT pair, enter the amount you want to buy, and confirm. Your Bitcoin will appear in your exchange wallet within seconds.
For beginners, start with a small amount ($10-50) to learn how the process works before committing larger sums.
| Exchange | Standard Fee | With Referral Code | You Save |
|---|---|---|---|
| Binance (MGBABA) | 0.10% | 0.08% | 20% |
| Binance + BNB | 0.075% | 0.06% | 40% |
| OKX (BUYSTOCK) | 0.10% | 0.08% | 20% |
Create an account on Binance or OKX, verify your identity, deposit funds, and buy Bitcoin on the spot market. Use code MGBABA on Binance or BUYSTOCK on OKX for 20% off fees.
The code MGBABA gives you a 20% lifetime discount on all Binance trading fees. This is the maximum standard discount available.
The code BUYSTOCK gives you a 20% lifetime discount on all OKX trading fees. OKX is great for beginners who want to buy with local currency via P2P.
You can start with as little as $10. Both Binance and OKX support small purchases with no minimum investment required.
Yes. Both are established exchanges with industry-standard security (2FA, cold storage, insurance funds). Always enable two-factor authentication on your account.
CoinEntryPoint helps first-time crypto buyers get started safely. We compare exchanges, explain the process in plain language, and share verified referral codes so you save on fees from day one.
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