Loïc Morel
Getting your first bitcoins4.7(348)
Beginner
Learn how to buy, secure, and manage your first bitcoins independently.
Bull Bitcoin is a Bitcoin-only exchange platform founded in 2013 in Canada by Francis Pouliot, an iconic figure in the Bitcoin ecosystem. Bull Bitcoin's philosophy is to offer users tools for financial sovereignty and emancipation. The exchange platform is non-custodial, which means you always remain sovereign over your Bitcoins.
Initially available only in Canada, the platform is now available in Europe and many other countries, featuring a brand-new optimized interface. This new version of Bull Bitcoin allows you to buy and sell bitcoins easily and quickly, thanks to the use of Lightning and instant SEPA transfers. It also integrates bill payments in bitcoins. In the future, the platform will also integrate DCA options, automatic purchases, and limit orders.
Bull Bitcoin is committed to providing a transparent service with no hidden fees. Note that, like most exchanges, using Bull Bitcoin requires completing a KYC (Know Your Customer) procedure.
Register on Bull Bitcoin
Go to Bull Bitcoin's registration page to create a new account. Enter your e-mail address and choose a strong password. Then press "Sign up".
A 6-digit confirmation code will be sent to you by e-mail.
Enter this code on the Bull Bitcoin website and press "Continue".
Your account is now active and you can access the platform.
Setting up your account
Now let's secure your account. Click on "My Account".
Go to the "Security Settings" tab and select "Access Settings".
Choose "Add two-factor authentication" to add an extra layer of security to your account.
Scan the QR code with your authentication application, enter the 6-digit code and click on "Activate 2FA".
If you're not familiar with using authentication applications for the 2FA, I recommend you take a look at this tutorial on the Authy application:
Enter your password to confirm.
Dual authentication configuration is now complete.
I recommend that you save your recovery codes. To generate them, click on "Manage 2FA backup codes".
Select "Generate new backup recovery codes" and store these codes in a safe place.
To further customize your interface, go to the "App Settings" tab, where you can choose the language and fiat currency of your choice.
KYC
To access the full functionality of Bull Bitcoin, which is a regulated platform, you need to perform identity verification (KYC). Click on "Continue Verification".
Select "Personal Account".
Fill in your personal information and follow the steps of the verification process. You will be asked :
- Your first and last name ;
- Your telephone number ;
- Your postal address ;
- Your date of birth, your profession and your intentions on the platform (invest, sell, pay, etc.);
- ID and a selfie;
This verification should be confirmed shortly. Once validated, you will have access to all the features offered by the platform.
Deposit fiat money
Before you start buying and selling bitcoin on Bull, it's important to understand that the platform never stores your sats. This means that to buy bitcoin, you must immediately transfer your funds to a self-custody wallet. Similarly, to sell, you need to send your bitcoins from a self-custody wallet to Bull. They will then be converted into fiat currency on receipt. It is not possible to store bitcoins directly on the platform. However, you can keep a balance in euros.
To get started, you'll probably want to deposit some euros with Bull to buy your first sats. Click on "Deposit funds".
Select "SEPA transfer".
The platform's bank details will be displayed. Make an instant SEPA transfer to the beneficiary indicated, from a bank account in your name (the same as the one used for KYC on the platform). Be sure to include the transfer code shown on this page in the description of the transfer.
As soon as we receive your transfer, your balance in euros will be updated.
Buy bitcoins
Now that you've credited your account with euros, it's time to buy your first sats. Click on "Buy Bitcoin".
Enter the amount you wish to purchase. You'll also need to choose how you want to withdraw your sats. For small amounts, I recommend the Lightning option, but on-chain or Liquid withdrawals are also available. In the latter case, you'll need to provide the address to which to send the funds. Once you've filled in your details, click on "Continue".
If you're not familiar with using Bitcoin, Lightning or Liquid wallets, I suggest you take our dedicated training course:
You can also explore our detailed tutorials on the best Bitcoin wallets.
Then confirm your purchase by clicking on "Confirm Buy".
For my part, having opted for a withdrawal via Lightning, I have three options for recovering my sats:
- LNURL by scanning a QR code ;
- By providing my Lightning address ;
- By providing an invoice for the amount of the purchase.
The LNURL method is the simplest. It is available in most Lightning wallets, such as Phoenix, where you simply select "Receive" then "Scan".
Your bitcoins are now secure in your wallet.
Selling bitcoins
To sell bitcoins, the procedure is very simple. Click on "Sell Bitcoin".
Enter the amount you wish to sell and select the method for transferring the sats to Bull Bitcoin. For small amounts, I recommend the Lightning option. Then click on "Continue".
Choose the account to which you would like to receive the euros from the sale. You can select your account on the platform or an external bank account. Click on "Continue".
The instructions for carrying out the transaction are then displayed. In my Lightning example, I'll be paying an invoice.
Once payment has been confirmed, your balance will be updated.
Withdraw fiat currency
If you have euros on Bull Bitcoin and wish to transfer them to an external bank account, click on "Withdraw funds".
Enter the amount to be transferred, then click on "Continue".
Choose your payment method.
Add a new beneficiary account or select one from those already registered.
Then confirm the withdrawal.
To keep track of all your transactions, you can consult the history in the "Latest transactions" menu.
Start an automatic recurring purchase (DCA)
Create a limit order
Now you know how to buy and sell bitcoin easily with Bull Bitcoin. If you found this tutorial useful, I'd be very grateful if you put a green thumb below. Feel free to share this article on your social networks. Thank you very much!
I also recommend you check out this other comprehensive tutorial to learn how to manage your mnemonic phrase the right way:
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This tutorial has been written by Loïc Morel
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