3 Easy Ways To Purchase Bitcoin

Being able to purchase Bitcoin has become easier over time. You can conveniently use your credit card, bank transfer or even your PayPal balance to make the purchase. The first step to purchase Bitcoin is to set up a wallet. You need a wallet to store the coins you buy. You can get a digital wallet from an exchange, from an independent provider, or use an offline one.

Here are the top three easy ways to purchase Bitcoin.

Buy from a Bitcoin ATM

You can now use a Bitcoin ATM to purchase Bitcoin with your cash. Most ATMs will charge a 5% fee, but it’s a nice tradeoff, considering the convenience you get. Most ATMs offer bi-directional functionality, which allows you to either purchase Bitcoin or exchange it for cash.

Buy from cryptocurrency exchanges

Cryptocurrency exchanges act as intermediaries when you sell and purchase Bitcoin. Most exchanges allow you to deposit money from your credit card, PayPal balance, or even your bank account. You can then exchange the cash to purchase Bitcoin. Some exchanges do not work in all countries, and some do not trade in all coins. Take time to research to identify the exchange that most suits your unique needs.

Purchase Bitcoin with cash

You can also purchase Bitcoin with cash. There are some exchanges that can help you identify people near you who are looking to sell Bitcoin for cash. Examples of these include CEX.io or Local Coin Swap. Depending on your location, some of these exchanges will even direct you to a bank near you that sells Bitcoin.

Bitcoins can be used as a digital currency to purchase goods and services or exchange them for other coins. You can also keep them in your wallet as an investment and hopefully later sell them for a profit. Either way, buying Bitcoin should prove to be a worthwhile investment.