How To Buy Bitcoin Fast
If you’re looking for more ways to buy Bitcoin, these are also good options: Binance Jersey (only UK and EU residents) Huobi (for US residents) and Huobi Global (for non-US residents) Coinmama . Buy Bitcoin in just a few minutes Start with as little as $25 and pay with your bank account or debit card.
As the most popular form of cryptocurrency and the blockchain technology that powers it Bitcoin fastt now widely accepted around the world and tto a growing number of applications. But before you can get into any of that, you need to first know where to go to purchase and hod it. Although each step does take some consideration, these are the main points you need to think over faat it comes to making your first Bitcoin purchase:.
Exodus An all-in-one offline application with support for a number of cryptocurrencies, including Bitcoin, Exodus is free to use, has built-in shape-shift trading and some simple graphing tools to help you visualize your cryptocurrency portfolio.
Mycelium bitclin a popular mobile wallet known for being compatible with more advanced tech, like Trezor hardware wallets for maximum security and Tor. The best place to make your first Bitcoin purchase is on an exchange. There are a whole lot of exchanges out there, with varying performance.
Signing up for a Coinbase account is easy, though you will need to provide some form of identification. That may involve sending a copy of your photo ID and potentially also sending a live image of your face using a webcam. If you would rather take a more direct route in buying Bitcoin, you can opt to use a peer-to-peer but such as LocalBitcoin or BitQuick. They offer a wider array of payment options and let you purchase Bitcoin directly from a seller without the exchange middleman.
If you do opt to use these and plan to trade in person, make sure to meet in a safe place. Exchanges accept a variety of payment options based on what they are willing to use. This is sort of a sore point for many exchanges, since some payment methods have been used to scam sellers for a quick buck in the past. Coinbase allows both bank account and credit or debit card transfers for payments and one payment solution must be linked to your account before you can make the trade.
Paypal is not supported by Coinbase and with good reason. These ATMs are available in a limited number of cities hiw, but do provide an alternative to withdrawing money using an exchange.
Again, most exchanges and online wallets will not deal directly with cash. Exchanges provide you with information on how many or how much of a Bitcoin you can buy for specific sums of money. However, due to its volatile nature, Bitcoin prices can vary dramatically by exchange and from moment to moment.
To make your first trade, input the amount of Bitcoin you want to buy in the provided field and click the buy button. You will have to pay a small fee to do so, but that is part and parcel of Bitcoin transfers.
Bitcoinn, the fees for such trades are far from their peak. Important note: Bitcoin transfers can be a bit sporadic. Unlike other currency trades, when you buy Bitcoin funds. This bitciin take time, especially during busy trading biitcoin. Be prepared by bitcoinn up a seller account now, or figure out how to buy what you want with it before you how to buy bitcoin fast plan to.
Skip to content. Quick tips Although each step does take some consideration, these are the main points you need to think over when it comes to making your first Bitcoin purchase: Install an offline Bitcoin wallet and set up a strong password to protect it. Set up an account on Coinbase and bitcojn trading platform, Coinbase Pro, if you want additional control. Choose your preferred payment method. Buy some Bitcoin!
Here are our recommended options: Exodus An all-in-one offline application with support for a number of cryptocurrencies, including Bitcoin, Exodus is free to use, has built-in shape-shift trading and how much can a cosmetologist make simple graphing tools to help you visualize your cryptocurrency portfolio. How to live 365 days a year book free download 2: Bky the right Bitcoin trader The best place to make your first Bitcoin purchase is on an biycoin.
Step 3: Select your payment method Exchanges accept a variety of payment options based on what they are willing to use. Step 4: Buy some Bitcoin and store them in your wallet Exchanges provide you with information on how many or how much of a Bitcoin you can buy for specific sums of money.
Step 1: Find a good Bitcoin wallet
Visit our official Buy Bitcoin page. Select the currency you want to buy. Choose whether you want to buy in USD or any other local currency, and enter the amount. Carefully review then add your wallet address and click Continue. Feb 19, · Fast forward to late and the price of Bitcoin hit an all-time high of $20, As such, those who backed Bitcoin in the early days are now potentially very wealthy people. In other words. Jan 21, · Buy Bitcoin Cash Through eToro eToro allows users from around the world to buy and sell Bitcoin Cash with a variety of payment methods. eToro is more aimed towards investing in BCH for making a profit in fiat currency (i.e. Dollars, Euros, etc.) rather than actually using it.
Using a credit card, debit card or PayPal have generally been the main methods for getting bitcoin instantly.
However, at the start of , several banks and credit card issuers started waging a quiet war on cryptocurrency. As a result, many major credit cards can no longer be used to buy bitcoin. Even Coinbase , often considered one of the simplest ways to buy bitcoin, stopped accepting credit cards in February. The good news, though, is that there are several workarounds to these restrictions.
One of the easiest ways to buy bitcoin with a debit card is to use Coinbase. Generally regarded considered to be one of the best bitcoin exchanges , Coinbase has built up a reputation for security and ease of use. Coinbase allows you to purchase bitcoin using a debit card as well as link your bank account and wire transfer.
The entire process is quick and easy if you have proper identification. For details on how to do this, see our guide on how to buy bitcoin on Coinbase. If you would like to buy bitcoin with a Visa or Mastercard credit card, then Coinmama is a good choice. Coinmama was one of the early entrants to offering bitcoin via credit card all over the world. They have a solid reputation among the cryptocurrency community. Coinmama serves nearly every country on Earth, however they only operate in some of the states within the U.
Using Coinmama, you can get bitcoin in your bitcoin wallet within a few minutes. Visit Coinmama now or check out our Coinmama review. Another very similar way to purchase bitcoin quickly and simply is to use Changelly. Changelly and Coinmama are very similar, though there are a few important differences. Changelly also has a stellar reputation and experience within the crypto world. They are best known for making it super simple to instantly swap from one cryptocurrency to another.
However, they also offer near immediate purchase of bitcoin via Visa and Mastercard credit cards. Also, one advantage to Changelly vs. Like Coinmama, Changelly does not ever actually touch your bitcoin so you need a bitcoin wallet before making a purchase. Changelly is so easy to use, in fact, that you can simply use the Changelly widget below to make a purchase. Or, if you prefer you can visit Changelly directly. For a more in-depth look at Changelly, see our Changelly review. Xapo is a good choice if you would like to use them as your wallet provider.
The fees vary depending on what method you use to purchase bitcoin on Xapo. If you are a U. Abra is an app available on iOS and Android that wants to be your all-in-one bitcoin solution, and they are making great headway in that direction. Where Abra excels is in its ease of use.
The app is sleek with a very intuitive interface. If the device ever gets lost, damaged or stolen you simply use a recovery phrase on a new wallet and your balance will be restored. Get the Abra app for Android or iOS:. If you live in Europe, then the Revolut app may be the best way for you to buy bitcoin fast though the app will soon be available in the U. Revolut is an online banking app that is extremely popular in Europe. The app allows you to instantly exchange fiat currencies for free.
What you can also do is top up your Revolut account with bitcoin. Revolut charges a reasonable fee of 1. You can fund your Revolut account using a credit card and instantly swap your currency into bitcoin. Get Revolut now:. Is it still possible to buy bitcoin easily with PayPal in ? The short answer is, yes. What PayPal users in Europe and soon in other countries can do, is sign up to Revolut as mentioned above, and buy Bitcoin instantly after crediting their new Revolut account.
If Revolut is available in your country, then this is the method we would recommend links to Revolut apps are above.
You can use PayPal to buy bitcoin on Virwox , however when buying bitcoin in this way you are actually first buying Linden Dollars, a virtual currency used in the online virtual world Second Life.
You then exchange the Linden Dollars for bitcoin. Bitcoin investors in some countries can buy bitcoin easily with PayPal using Wirex , an Android and iOS app that allows you to buy and store more than 50 cryptocurrencies. Using Wirex you can use PayPal to fund your account in fiat currency. You can then transfer your funds into bitcoin instantly. However, if it is your first time funding your account with PayPal it will take days.
After that, it will be instant. Get the Wirex app now:. Is your credit card issuer refusing to allow you to buy bitcoin instantly? Or, are you unable to link a physical bank account with an exchange or verify your identity?
If so, you could try using a pre-paid card to buy bitcoin. One workaround to the current credit card ban on many exchanges is to use prepaid Visa and MasterCards to fund accounts. Another option, for EU residents, is to use BitPanda or Xapo, which allow users to sign up and make near instant Bitcoin purchases using Skrill and Neteller. Finally, prepaid credit and debit cards can also be used at peer-to-peer bitcoin exchanges which we discuss below.
If none of the methods outlined so far work for you, then you have one more option for getting bitcoin instantly. It is possible to buy Bitcoin at peer-to-peer exchanges like Paxful and LocalBitcoins.
When doing so, though, users should always expect to pay a premium price on any coin purchase. It is also important to be vigilant and watch out for scams when doing so as these are direct exchanges between you and the seller. Using Paxful and LocalBitcoins you can pay with nearly any payment, including cash, prepaid credit and debit cards, gift cards and anything else the seller will accept in return for bitcoin.
It is getting harder to buy bitcoins instantly, especially with the recent banning of some credit cards for purchasing bitcoin. However, as the 9 methods above show, it is still possible to get your hands on some bitcoin quickly and easily.
Do you have experience with any of the above methods? Please share in the comments section below and help out the community. Richard has developed and ran multiple online websites and communities with tens of millions of monthly visitors.
He first discovered bitcoin and blockchain in and has been helping to educate others on its potential since then. Richard is very passionate about the crypto community. Read his inspiring story into cryptocurrency here. Unless you want to buy it and send … Read more ». Enter your email address to subscribe to this blog and receive new posts via email. Get free bitcoin from Coinbase. Can't load widget. Check out Xapo. Get the Abra app for Android or iOS: 6.
Get Revolut now: 7. There are currently 3 options for buying bitcoins instantly with PayPal. Using PayPal and Revolut this way allows users to buy Bitcoin at regular market prices Bitcoin purchased can be quickly withdrawn later as fiat cast either at an ATM or via PayPal Unlike with peer-to-peer exchanges like LocalBitcoins and Paxful, there is zero risk of transactions taking place fraudulently If Revolut is available in your country, then this is the method we would recommend links to Revolut apps are above 2 Virwox You can use PayPal to buy bitcoin on Virwox , however when buying bitcoin in this way you are actually first buying Linden Dollars, a virtual currency used in the online virtual world Second Life.
Get the Wirex app now: 8. Buy Bitcoin Quickly and Anonymously at Local Exchanges If none of the methods outlined so far work for you, then you have one more option for getting bitcoin instantly. Conclusion It is getting harder to buy bitcoins instantly, especially with the recent banning of some credit cards for purchasing bitcoin. Richard Jett. Notify of. Inline Feedbacks. Changelly is pretty awesome. I like how simple it is. Used them a few times.
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