By now, we are all familiar with cryptocurrency and Bitcoin. The craze of bitcoin has taken all over the world. With big companies accepting bitcoin to Elon Mask tweets on the same, bitcoin has emerged to be the top cryptocurrency in the world. Compared to a few years back, today, more people are interested to learn about bitcoin and invest in it. Bitcoin is here to stay. If you are just a beginner and want to know how to buy IPTV with bitcoins, you are in the right place. In this post, we will provide a step-by-step guide to buy bitcoins for then purchasing our IPTV subscription. Along with that, we will also cover some other important things related to it.
Since May, 2021 Roomba TV started accepting Bitcoin as payment. Yes! you can now use bitcoin to purchase our IPTV subscription. For those who don’t have bitcoins or don’t know how to buy them, no worries, we have got you covered. You can take the help of this guide below and learn to buy bitcoins. Once that is done you can use your bitcoins to pay for your Roomba TV subscription and have a 10% discount.
Roomba TV Services
Before moving onto the steps to buying bitcoin, let’s get you a bit acquainted with Roomba TV, especially those of you who have no idea about it.
Roomba TV is the world’s largest IPTV streaming platform. We deliver up to 3000 TB streaming content to thousands of customers all around the globe. It features a simple interface and offers a massive collection of HD channels.
It is the world biggest IPTV service in the USA, Canada and UK. By getting a Roomba TV subscription, you can gain access to thousands of live channels and stream HD content. Roomba TV is mainly known for its quality service and affordable rates.
We have four different subscription plans including 3 months, 6 months, 1 year, and 2 years. You can opt for any of the plans based on your budget and requirement, the larger the package, the bigger the discount is. Like many other companies, Roomba TV now also accepts bitcoin as payment.
By getting a Roomba TV subscription, you can enjoy the following:
- More than 18,000 channels on the table.
- Over 6,000 series episodes.
- The collection of movies goes up to 51,160, while new ones are being added regularly.
- With Roomba TV you can enjoy HD quality streaming. All the content available on the site is in HD FHD 4K quality.
- Exclusive PPV events.
- An amazing Web TV player.
- It works on both large and small devices. We also have a official app which gives easy and quick access to the platform.
So, let’s get down to business.
How to buy Bitcoins?
Now that you know what bitcoin is, let’s move onto the steps to buy bitcoins. The first thing you should know is that bitcoin value is measured in dollars. As of 27th April, one bitcoin was worth $54.741 in US dollars. Like any other currency, Bitcoin also has value, which fluctuates quite often based on supply and demand.
So we have laid down a detailed guide to buying bitcoins. This guide will be especially helpful to beginners who are just getting started with their cryptocurrency journey.
Here are the steps you need to follow to buy bitcoins:
- Get a Bitcoin wallet
The first thing you need to do is set up a bitcoin wallet. It is like a virtual storage centre where you can store all your bitcoins.
When it comes to a virtual wallet, you have two options:
- A wallet that is stored on your PC’s hard drive.
- An online wallet offered by top companies like Ledger and Coinbase.
- An offline wallet that acts more like a vault. These types of wallets use special keys that are known only to you. Using an offline wallet gives you extra security as no one can access it except you. This is also known as cold storage.
If you are a regular bitcoin user, then opting for online wallet services would be a better choice for you. However, it involves long setup procedures.
If you are an investor, then any of these options will work great for you as you won’t be regularly spending from your wallet.
Some of the best online bitcoin wallets you can use are:
- Select a Bitcoin exchange
The next step is to choose a bitcoin exchange. Once you have your wallet set up, you are required to register yourself with a fiat-to-crypto exchange. This refers to a company or agency that accepts money in exchange for Bitcoin or any other cryptocurrency.
For those unversed, fiat currency refers to any government-issued money like Euros, U.S. Dollars, or Sterling.
A fiat-to-crypto exchange sells cryptocurrency from its reserves. It is they who decide the price of Bitcoin. Besides that, you also have to pay for their service.
Fiat-to-crypto exchanges are also known as broker exchanges. The good thing is you will find plenty of broker exchanges on the market. But you must choose a reliable and trusted exchange. Before you deal with an exchange you must make sure that it is a secured platform.
Some of the best broker exchanges for bitcoins are:
- Complete the registration
After finding a reliable exchange, you will proceed to register yourself on the platform, followed by completing security checks.
The registration process and details related to it will vary from one exchange to another. But in most cases, you access the exchange’s homepage and click on the “Register” button.
You will be asked to provide your email address and create a password. Once that is done, you will be sent a confirmation email by the exchange.
The next thing you need to do is open the email and click on the link. This will redirect you to the dashboard page of your new exchange account. Once you complete all the steps correctly, your registration process will get complete.
- Complete security checks
The next step is to complete the security checks. On the dashboard main screen, you will notice a few more steps that need to be completed before you can start buying bitcoins.Once again, these steps will vary between different exchanges. Typically, it involves ‘Know-Your-Customer’ and anti-money laundering rules.
Most exchanges will ask you to provide your phone number. This is needed for two-factor authentication. It adds a protective layer that prevents anyone from accessing your account without a password and your phone.
Two-factor authentication requires you to enter your password, after which you will be sent a code to your phone. Once you enter the code, you can log in to your account and make transactions.
Besides your phone number, you will also be asked to upload a photo and scan of your ID such as your driver’s license or passport. Some exchanges run an ID check over the webcam, while others even ask for a selfie.
- Add a payment method
Once you are through the security check process, you will have to add a payment method. Most exchanges require you to link your bank account and add your debit/credit card to make your first bitcoin transaction.
For carrying out large transactions, we recommend you add a bank account. This will lower the transfer fee cost whereas debit/credit cards are only good for making small purchases. That’s because they carry higher charges.
Adding a bank account also has other advantages. It allows you to make fast payments. Also, the transfer fees are less than 1%. Some exchanges even waive the charge altogether.
To add your bank account, you need to first provide your bank details. After that, you will verify ownership by sending a small amount of cash. Don’t forget to include the amount and the reference number because the exchange will need it to track your deposit and verify your account.
As far as debit/credit cards are concerned, it provides a more convenient transaction method. But the problem is that it charges a higher fee. Most exchanges charge between 3% and 5% for transactions made with a card.
Some banks charge an additional fee as they classify bitcoin purchases as ‘cash advances’ on credit cards. The only benefit of using a card is that they don’t include a complicated setup like adding a bank account.
- Deposit in your exchange account
Once you are done with the above steps, you need to deposit in your exchange account. First, choose the amount of cash you want to transfer and then follow the instructions on the screen. You should be informed that the time and fees will depend on the payment you chose. Like the card, purchases happen instantaneously, while bank transfers take a bit longer.
Once you make the deposit, the money will be reflected in your fiat wallet on your bitcoin exchange account. Now you can the deposited amount to buy bitcoin.
- Buy Bitcoin with cash
Now that you have got money in your exchange wallet, you can use it to buy Bitcoin. Click on the ‘Buy/Sell’ button and choose the value of altcoins you want to purchase.
Once you have agreed to the transaction cost, click on “Buy.” Now, wait for the transaction to be completed.
If you find it difficult to understand technology, then you can use your credit/debit card to buy bitcoins. Alternatively, you can also use wire transfers or apps like Coinbase.
When it comes to buying a bitcoin, you don’t have to buy a whole one. You can purchase fractions of bitcoins.
Well, that’s how you can buy bitcoins. It is a lengthy process, but it will ultimately get you what you want. Buying bitcoins in today’s time can be beneficial. Many big companies are accepting bitcoins nowadays. You can even buy IPTV Reseller credits using bitcoins.
Alternate Methods of Buying Bitcoins
Besides the method that we just discussed above, you have other ways to buy bitcoins too. One of the other methods is Bitcoins ATMs.
Bitcoins ATMs are machines that give you bitcoins in exchange for cash. It operates like a money ATM. Some of these ATMs also allow you to sell bitcoins and get cash in return.
This is a fairly new method and therefore, many people don’t know about it yet. People love using this method because it is easy and more convenient. But most importantly, it allows them to maintain anonymity throughout the process.
Another advantage of using a bitcoin ATM is that it eliminates the long verification processes. When using a bitcoin ATM, all you have to do is enter your money and you will get your bitcoins instantly.
Just so you know these bitcoins ATMs are owned and run by big companies. They usually charge an amount for their services. So before you carry out a transaction make sure you know the charges.
Once you buy bitcoins you can use it to make payments at places where it is accepted, such as here at Roomba.
Bitcoins is currently one of the top cryptocurrencies in the market. Despite having high volatility, Bitcoins are accepted by many big companies. Just like other cryptocurrencies, it has its ups and lows, but it always manage to come back in form. If you are interested to buy bitcoins, you can follow the guide provided by us. Hopefully, we were able to explain the whole process of buying bitcoins.
Thank you for reading!