As Bitcoin becomes increasingly popular, many more people have become interested in investing in it. You too may be considering getting a piece of the lucrative pie. One of the many reasons people want to invest in Bitcoin is that it offers the potential for high returns. It also allows seamless transactions because it is a decentralized currency that cannot be controlled by any government, central bank, or other authority.
However, buying Bitcoin may seem daunting, especially for beginners, given that there are verification processes and wait times. So, you may well already be asking yourself, “Can I buy BTC instantly?” In this piece, we look into how you can buy Bitcoin instantly.
What is an instant BTC purchase?
When you hear about buying BTC instantly, we refer to acquiring the digital coin without having to go through the traditional approach. This mainly involved account creation, verification steps and possibly waiting for funds transfer to clear.
As you seek to buy BTC instantly, the aim is to bypass those steps. There are some platforms and avenues that allow investors and crypto enthusiasts to use debit and credit cards, for an almost immediate purchase of Bitcoin. While instant BTC purchase offers some benefits, you need to weigh up a few things before you take that route.
How to buy BTC instantly?
If you want to buy Bitcoin pretty fast, you can consider using any of the following ways:
Crypto exchanges
Some cryptocurrency exchanges offer users the option to buy BTC instantly by linking a credit or debit card for immediate transactions. There are also exchanges that operate physical offices that you can visit and purchase Bitcoin in a few minutes, even with cash.
The exchanges that offer instant BTC purchases act as intermediaries helping to convert your fiat currency such as US Dollar, and Turkish Lira, into Bitcoin at the prevailing market rates and depositing the same into your exchange wallet. You can then transfer the virtual coins to your secure crypto wallet.
Bitcoin ATMs
Bitcoin ATMs are strategically located machines that offer users the convenience of buying BTC instantly at any time of day or night. You need to locate the nearest Bitcoin ATM to where you are, visit it, and follow the simple on-screen instructions to buy Bitcoin quickly with cash.
As much as the ATMs offer convenience, their charges could be higher than some of the other methods of buying BTC. In addition, their limits tend to be lower than what exchanges offer.
Peer-to-peer (P2P) platforms
Some platforms like LocalBitcoin and Paxful connect buyers and sellers directly to allow them to transact on terms that they agree between themselves, for example, the mode of payment and price. It is crucial to note that using a P2P platform requires users to be extra cautious as it poses higher risks of getting scammed.
Some of the measures you can take when using P2P platforms to buy BTC instantly include using escrow services, and the good thing is that some platforms have the services. Also, ensure you deal with verified sellers who have many positive reviews.
Conclusion
You can buy BTC instantly and skip the wait so you start enjoying the benefits that come with investing in Bitcoin. Some of the methods you can use include crypto exchanges, Bitcoin ATMs, and P2P platforms. As you choose the method to use, consider the transaction fees, security, and user-friendliness just to mention a few.