Bitcoin is likely a name you’ve heard a lot of over the past decade, particularly if you are even remotely familiar with investing. While it can be easy to buy shares in bitcoin on the market, you may be wondering how to buy bitcoin in general.
Thankfully, there are a number of different ways in which you can purchase bitcoin, holding on to it to appreciate, selling it, or trading it for other things. Here are just a few of the best ways to purchase bitcoin safely and securely.
- Use a Peer-to-Peer Trading Platform
One of the most common methods for buying bitcoin is to connect with a seller on a peer-to-peer (p2p) network. This is where you can converse with a variety of buyers and sellers in the exchange of bitcoin. You can generally use bank transfers, PayPal, and even cash in person.
If you were wondering how to buy Bitcoin, there may not be a better option than a peer-to-peer network. Keep in mind that each of the different users out there will have different rates and offers available, so go with a seller who has fair prices, a good reputation, and a history for completing their trades on time.
- Face to Face
Despite the fact that Bitcoin is a digital currency, it can definitely be traded in face-to-face agreements. Not only is it more secure to do a face-to-face deal, but it can be far more private as well. You could be doing these kinds of deals through a trusted friend or even an acquaintance that you trust nearby.
Not only is it a great way to trade while in person, but the face-to-face community also tends to be a great way to meet others invested and interested in crypto. Just make sure that you are aware of some of the best tips and practices for being safe while trading in person.
A good rule of thumb with bitcoin exchanges and trading is to ensure that you have done your research. No one wants to be taken by a scam and there are sadly far too many of those in existence for right now.
- Go Through an Exchange
Perhaps the most common and easiest way to purchase cryptocurrency is through one of the various exchanges out there. Not only are they the type of place where you can buy bitcoin, but you can buy other digital cryptocurrencies as well.
Exchanges make for an easy, secure way to buy, sell, and trade your bitcoin. Even better, you can easily purchase bitcoin using a bank account or credit card, loading your virtual wallet whenever you see fit.
Lots of exchanges are pretty user friendly, too. For those just starting out in the crypto game, it can be important to have a tool such as this at your disposal. As you learn more about cryptocurrencies, their value, and how to exchange or acquire them, exchanges will become all the more valuable as a tool.
- Bitcoin ATMs
Believe it or not, there are bitcoin ATMs that are popping up all over the place. This provides a very convenient way for investing in current cryptocurrency trends. There will be regulations to meet to ensure safety, but this option tends to be less private than peer-to-peer trading and direct transactions.
Buyers that are more comfortable sharing their personal information provide a more convenient way to access and take out cryptocurrency funds. Even better, there are a variety of resources online to help you determine where your local machine is.
Users are able to select the kind of cryptocurrency that they wish to either buy or sell and are then directed to a nearby ATM. Even better, those ATMs can provide information useful to the buying and selling of bitcoin.
These kiosks are popping up everywhere, providing yet another safe, viable option for users to buy or exchange their bitcoin at a moment’s notice. The great thing about buying cryptocurrencies is that you can do so through a number of avenues and choose the one that is most comfortable for you. Bitcoin is convenient, quick, and easy to buy.