Bitcoin is the most popular cryptocurrency nowadays, and everyone wants to buy it. It is a decentralized currency which makes it obvious that the government does not issue it. You can buy bitcoins online, but for that, you need to have complete knowledge about it.
If you are interested in bitcoin trading, you can visit the bitcoins circuit. You must know the different ways to purchase bitcoins so that you can pick the best one. Some of the most popular ways to buy bitcoins online and offline are listed below.
Online Bitcoin Exchanges
One of the most popular and simplest ways to buy bitcoins is through online bitcoin exchanges. Bitcoin exchanges are websites where you can buy and sell bitcoin with great ease and comfort. There are numerous online bitcoin exchanges, but all of them are not safe, so you need to be careful while choosing one to make the purchase. These exchanges are highly accessible and accept a wide range of payment methods, making it easier to buy bitcoins.
You need to consider several factors while choosing a bitcoin exchange, and one of them is security. It is highly important to ensure that your bitcoins stay safe from hackers. You must check the security features of the exchange before using it to buy bitcoins. If you are using a bitcoin exchange to buy bitcoins, you may have to pay a certain percentage of the total amount as a transaction fee. The charges vary from exchange to exchange.
If we talk about the easiest way to purchase bitcoins, there is no better option than a bitcoin ATM. It is one of the latest ways through which you can buy bitcoins. Bitcoin ATM is like a bank ATM in which you can deposit cash and buy bitcoins in return.
It has a screen that you can use to navigate through different options, and below there is a space where you can deposit cash and complete the purchase. It is the quickest way to buy bitcoins, and the purchase coins get transferred to your wallet almost instantly.
Bitcoin ATM is an incredible way to buy bitcoins, but there are certain areas only where it is set up. So, if you want to buy bitcoins through an ATM, you will have to do a lot of research and find the nearest bitcoin ATM. You can use a bitcoin ATM locator to check if there any ATM in your area so that you can instantly purchase bitcoins using cash.
How To Use A Bitcoin ATM?
Bitcoin ATMs are quite simple to use as, first and foremost, you need to verify your identity as, without it, you cannot process to make the purchase. Once you have entered the details and verified your identity, the ATM will send a code via text message on your mobile phone.
You need to enter that code and then insert your bitcoin wallet address. Now, you can see an option to deposit cash. It is the last step as after that, the bitcoins are purchase, and you can collect the receipt from the ATM.
Another popular way to buy bitcoin is by purchasing them face-to-face from the sellers. There are numerous P2P websites where you can register and create an account. Once you have done that, you can list the price at which you can be willing to sell or buy bitcoins.
The platform will match you with other buyers and sellers who have listed the same price. It allows you to meet bitcoin sellers face-to-face and purchase bitcoins easily.
Steps To Using A Peer-To-Peer Exchange
Create an account on the P2P website.
Choose a seller from the listing that suits your budget and other requirements.
Every person uses a different payment method, so you must check the payment options and ensure if they fit your needs and requirements.
Enter the amount that you are willing to spend so that the platform can bring up the best offers for you. You can also choose the currency and payment method that you want to pay with.
Sometimes the seller may ask for an ID for verification purposes, so you can either send a scanned copy of the ID or your photo holding the ID.