As the world’s first and most well-known cryptocurrency, Bitcoin has taken the lead in the digital currency revolution. Bitcoin can be bought on exchanges, or directly from other people via marketplaces. There are a few different ways to buy Bitcoin instantly:
1. Use a Bitcoin ATM
Bitcoin ATMs are one of the quickest and most convenient ways to buy Bitcoin. All you need is cash and you can purchase Bitcoin instantly.
The only downside is that there are not many Bitcoin ATMs around, so you may have to search for one that’s close to you.
2. Buy Bitcoin with a credit/debit card
If you have a credit or debit card, you can use it to buy Bitcoin on a number of exchanges. The process is usually pretty simple – you just need to register an account, add your card details, and then you can start buying Bitcoin. However, there are a few drawbacks.
First, the fees for buying Bitcoin with a credit/debit card can be quite high. Second, the process can be quite slow – it can take up to a few days for your transaction to be processed.
3. Use a peer-to-peer marketplace
If you want to buy Bitcoin directly from another person, you can use a peer-to-peer marketplace like LocalBitcoins or Paxful. These platforms allow you to find people who are willing to sell Bitcoin and meet up with them in person to make the trade.
This is one of the quickest ways to get your hands on some BTC, but it does come with some risks – you’ll need to make sure that you trust the person you’re dealing with before meeting up with them.
4. Buy Bitcoin from an exchange
If you want to buy Bitcoin without having to meet up with someone in person, you can use an exchange like Coinbase or Kraken. These exchanges allow you to buy BTC using your credit/debit card or bank account. The process is usually pretty simple – just create an account, deposit some money, and then start buying Bitcoin. However, there are a few things to keep in mind when using an exchange.
First, the fees for buying BTC can be quite high (upwards of 5%). Second, the process can be slow – it can take up to a week for your transaction to be processed. Finally, there’s always the risk that the exchange could be hacked or go out of business – this is why it’s important to only keep as much money on an exchange as you need to in order to make your trade(s).