Bitcoin in recent years has become quite the topic. With stories such as the world’s most expensive pizza-making headlines. Ask any business Man/Woman with some Bitcoin sense and they will make it their life goal to get you even a just a little interested in investing in Bitcoin, So what are the best ways to buy Bitcoin?
Probably one of the easiest and most trusted ways to acquire Bitcoin is through the use of an exchange. Exchanges allow users to invest in Crypto by means of Credit Cards and Bank Transfers in exchange for a small service fee. Each exchange, like peer-to-peer trading platforms, will have various KYC/AML standards, costs, capabilities, and special offers, so it’s critical to thoroughly investigate any prospective choice before making a selection.
Bitcoin ATM’s are popping up like crazy at the moment. With Bitcoin ever-increasing in it’s momentum and popularity, it comes as no surprise that we have started to see bitcoin ATM’s become more readily available. Bitcoin ATM’s due to relevant rules are not as private as a direct peer-to-peer transaction, but for purchasers willing to share some personal information, these machines can give an easy entry point into the world of cryptocurrency. We recommend looking into the fee’s/charges of said ATM as they might vary.
Using Credit/Debit cards makes it super easy to buy Bitcoin hassle-free. There are multiple ways one can use their Debit/Credit card to purchase bitcoin whether through ATMs or Exchanges you can read all about it.
A direct transaction with a seller is one of the more lucrative, direct, and confidential methods to acquire bitcoin. This may be a trustworthy friend or acquaintance who lives nearby or someone at a bitcoin meetup who wants to sell cryptocurrency for cash. Local bitcoin meetings are fantastic venues to meet other crypto enthusiasts, and many attendees want to trade while there. If this is the path you want to pursue, be sure to first learn about certain best practices and safe trading guidelines in person.
Another option is to connect with a seller through a peer-to-peer platform. Buyers can choose from a number of payment options, including Paypal, bank transfer, and cash-in-person. You may even swap products for cryptocurrency on the website. Each site has different offers and charges different rates, so choose a seller with a good reputation, a reasonable price, and a history of completed trades.
Today purchasing Bitcoin can be quite an easy task. Especially when you compare it to how you would have had to purchase bitcoin in its very early days. Thankfully Bitcoin has become more mainstream and so have the purchasing options. That being said, before heading over to invest your precious funds we recommend doing solid research into Bitcoin before deciding whether or not it’s the investment for you. It is also highly recommended to use a hot or cold wallet to store your bitcoin safely.