As cryptocurrencies continue expanding all over the world, it is necessary to have a clear guide on how to buy Bitcoin. BTC has reached massively high levels in recent months and the bull market seems far from being over.
If you already know how to buy Bitcoin (BTC), then you should also know which are the top 3 ways to get access to the largest cryptocurrency in the market.
Top 3 Ways to Buy Bitcoin
The next sections will help you understand which are the easiest ways to get access to Bitcoin. There are three main methods: through exchanges, through P2P networks or in person, and using Bitcoin ATMs.
Buy Bitcoin on Exchanges
The easiest and fastest way to buy Bitcoin is through exchanges. These are online platforms that allow users to buy and sell Bitcoin and other virtual currencies. Exchanges have several on-ramp solutions to buy Bitcoin using fiat currencies.
For example, Binance and Coinbase are two of the most popular platforms to buy Bitcoin worldwide. Buybitcoinsmart is offering information about the best exchanges online and valuable information on how to register on these platforms.
Depending on the region you are located in, there will be different platforms you can use. Some of them would even allow you to buy Bitcoin using your local currency. In this way, you would not only be able to buy Bitcoin but also trade digital assets.
Moreover, exchanges are also offering other services to clients. As the crypto market continues expanding, these platforms are adding new features for users. For example, staking PoS digital assets or lending their funds to earn rewards on a regular basis.
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Buy Bitcoin from Other People
Another way to get access to Bitcoin is by buying it from others. Peer-to-peer (P2P) networks have also been one of the easiest ways to acquire BTC in developing countries. This works by sending funds to the account of another person and receiving BTC on your wallet.
You should also be aware that some platforms work without escrow. This is certainly important to avoid being scammed. You should never send money or BTC if you didn’t receive your funds. Moreover, using escrow platforms is the best way to avoid unwanted issues and problems.
At the same time, in the past, it was common to buy Bitcoin from other users in BTC events. These in-person purchases became somehow dangerous as you do not know the person you are going to talk to and exchange Bitcoin with.
Buy Bitcoin in ATMs
Bitcoin ATMs are also a great alternative method to purchase Bitcoin. If you do not know how to buy Bitcoin, then using a Bitcoin ATM could be a very good option. Bitcoin ATMs look like traditional ATMs with the main difference that you would be buying – and sometimes selling – Bitcoin.
ATMs are usually located in most of the largest cities around the world. Most of them are in shopping centres or in places that gather lots of people. The only negative thing about crypto and Bitcoin ATMs is related to the fees.
ATMs have usually higher fees than traditional exchanges. However, they are very useful for those that want to buy or sell Bitcoin in just seconds. Moreover, you can pay with cash and receive banknotes if you sold your BTC at the ATM machine.
It is up to you to decide which is the method you prefer to buy and sell Bitcoin.