How To Buy Bitcoins
With the Bitcoin phenomenon proving no signs of leaving the market soon, people of all ages are starting to speculate what is Bitcoin. Following these circumstances, people are now ready to understand how to buy bitcoins in preparation for shopping, gaming, sports betting, and even investing. The various uses of Bitcoin makes it a functional medium across various industries.
Before anything else, you need to acquire a Bitcoin wallet. You need to have one to properly store and manage your bitcoins if you want to start doing any serious transactions. Afterward, you will make use of a traditional payment method such as bank transfers and credit/debit cards to buy bitcoins. Keep in mind that the availability of these methods are subjected to your location and your jurisdiction. Hence, you can choose the most convenient method for you on our list of how to buy bitcoins:
Person-to-Person Deals – Meeting up with other users to buy bitcoins is the easiest way to acquire bitcoins. This goes the same with selling bitcoins. Take the time to look for sellers around your area. If you want instant transfers and don’t want to bother going through the process of exchange sites, person-to-person deals is the best option. Once you have agreed to a price, simply transfer the funds and wait for the seller to send the bitcoins to your wallet address.
Special Bitcoin ATMs – These machines allow users to buy and/or sell bitcoins using cash. Some machines offer bi-directional functionality which enables both selling and purchasing of bitcoins. You can easily find one near you through Bitcoin ATM maps or radars online. If there’s one near you, head to the ATM and create an account. Fill out the online form, pay using cash or credit/debit card, and verify your transaction.
Bitcoin Exchange Sites – Bitcoin exchanges provide a convenient way on this list of how to buy bitcoins. These are websites or applications accessible online—the digital marketplaces where traders can buy and sell bitcoins using different fiat currencies. All you have to do is register, find the cheapest market or seller offering bitcoins, and make a deal.