You might have heard of Bitcoin and the cryptocurrencies craze. BTC is a digital currency that allows people to securely store and transfer money around the world without relying on banks or other third parties for their services. It’s a great investment opportunity that you should carefully go about as it can be tricky. People use different ways to purchase and transact BTC, but not all of them are good. In this article, you will learn some of the best and most convenient ways to buy cryptocurrencies.
1. Using Your Credit Card
Good news: you can buy bitcoin with credit card. In order to do this, you must create an account with a cryptocurrency exchange platform that supports debit cards, as some exchanges don’t allow their users to use them. When you have successfully made the account, sign in and click on the ‘Deposit’ tab. Insert your debit card number and choose how many BTCs you want to buy. Remember that most exchanges charge a commission or fee when using them, so be sure to check the cost before finalizing your purchase.
2. Using a Crypto Exchange Platform
Crypto exchanges are online platforms that allow users to buy cryptocurrencies and sell them later. These websites are highly secure as you need a username and password for identification purposes. The process is straightforward; all you have to do is set up an account with the exchange platform, which only requires your name, email address, and phone number. You will also get a link that you can use to verify your account via email. Once this is complete, deposit by visiting the ‘Deposit’ tab and entering how much you want to deposit. The process could take time depending on how busy the exchange platform is as they have many transactions to handle at any one point in time.
3. Using a BTC ATM
BTC ATMs are physical machines that only accept cash in exchange for BTCs. You can find them at various locations around the world. They require registration which is free and only requires your name, email address, and phone number. Once you have created your account, visit the ATM to buy BTCs by inserting cash into the machine. Some machines charge an additional fee, but it’s usually not too much of a cost as most ATMs are local with limited supplies of BTC.
4. Using an Online BTC Broker
There are many online platforms that allow people to buy and sell cryptocurrencies. Some of these websites have been created specifically for BTC buyers as they only accept BTCs and need no previous registration other than creating a Bitcoin wallet address. If you do not have one, it’s easy to make one for free by going to Blockchain.info and filling in your name and email address. You will then receive an email link that you can use to verify your account before using the platform to purchase BTCs.
5. Bonus Method: Crypto-Mining
Crypto-mining is a process of using high powered computers to solve encrypted puzzles in order to validate monetary transactions on the blockchain. It’s also one of the ways you can earn some BTCs without having to buy them. To do this, you need to join an existing crypto-mining pool or create your own, depending on how much power you need.
When investing in the cryptocurrency market, there are several ways you can quickly achieve purchase the assets. All the methods we mentioned above are convenient and will ensure that you get your BTC quickly. Nevertheless, before immersing yourself in any of them, you need to individually study them and determine what works best for you as each has its pros and cons.