If you’re looking to invest in cryptocurrencies, now is the right time. Even though bitcoin has been going through massive dips in the past, it is still just as valuable as before. You can buy bitcoin on P2P platforms, bitcoin ATMs, or exchange websites to get Bitcoins fast.
Exchange accounts are by far the best way to get bitcoin fast. However, this doesn’t mean that you shouldn’t use P2P websites or bitcoins ATMs. Whichever platform you choose to use has its pros over the others.
If you’ve been looking for how to get bitcoins fast, then you’re in the right place. In this guide, we will look at the different platforms where you can buy bitcoin. The article will also share pointers for beginners looking to getting into the bitcoin trade.
First Steps for Newbies
There are a couple of things you are required to do before you can buy bitcoin. For starters, you will need a crypto wallet or e-wallet, payment method, and strong and secure internet connection. Most exchange platforms allow various modes of payment. You can opt to pay via credit or debit card from your bank account. Besides those, you can also get bitcoin via P2P exchanges or Bitcoin ATMs.
Peer-to-peer websites provide a platform where buyers can meet sellers. You will need to sign up for an account before you can buy bitcoins from a P2P website. After that, you can start scrolling through the merchants available on the platform.
Before engaging a merchant, ensure that you do a background search. Check the number of transactions they have completed. Also, don’t forget to look at their rating. Remember that some merchants can be conmen, so be sure to do due diligence before investing your money.
Usually, when you’re buying crypto coins, your money will be held in an escrow account until you confirm receipt of the bitcoin in your wallet. However, P2P websites offer the way to get bitcoins fast because they do not need any verification to complete your transaction.
They work similarly to P2P websites. However, when using an exchange account, you need to provide proof of identity before completing any transaction. If you’re new to trading bitcoin, we would advise you to use an exchange website.
If you google “How can i get bitcoins fast,” you will get a listing of several exchange websites. Most people opt to use exchange websites because they offer a digital wallet to store your crypto coins. Prices on exchange accounts are pegged on the crypto market prices.
To use an exchange account, you will need to sign up for an account. After that, you may be required to upload your ID or driver’s license to verify your account before you can buy any crypto coins. You will be charged a small fee to cater to the transaction process.
Bitcoin ATMs are slowly making their mark in the crypto world. The Bitcoin ATMs work like the regular cash bank ATMs. However, they are linked to your crypto wallet instead of your bank account.
If you’re looking for how to get bitcoins fast, then bitcoin ATMs are a good option. You can buy bitcoin using fiat currencies such as USD or Euros. You can also purchase bitcoin worth any amount. The bitcoin is then wired directly to your crypto wallet. If you’re looking for an ATM near you, you can search on the internet or use a bitcoin ATM locator.
Nowadays, it is very easy to purchase crypto coins. There are various platforms we have mentioned over the course of this article that offer crypto-trading services. These websites charge a small fee to cater for the transactions. You can buy your crypto coins straight from your bank account using a debit card or credit card.
If you’ve been intending to start investing in bitcoin, now is the time to do so. Crypto experts predict that the value of bitcoin and other crypto coins such as Ethereum will rise steadily over the next couple of years.
However, as mentioned before, make sure you do adequate research on the crypto markets before investing. Online crypto forums offer plenty of tips for newbies who are looking to invest in crypto coins. The Reddit crypto forum is one of the best on the internet and you will get beginner-friendly tips on how to get started as a crypto investor.
These days, the internet is full of scammers waiting to swindle you out of your hard-earned cash. Ensure that you do your transactions from a secure and private network. The Bitcoin blockchain ensures that it keeps your transactions confidential.
You should consider your online privacy and security when dealing with any cryptocurrency exchange or P2P platform. Ensure that you maintain caution when doing your transactions. Use a private and secure internet connection and also keep your passwords a secret.