What We Have Covered in This Article
- 1 Bitcoin Explained
- 2 How to Buy BTC Crypto Fast – Reasons to Buy Bitcoin
- 3 How to Buy BTC Crypto Fast – Amazing Options
- 4 Final Words
Last Updated on August 5, 2022 by Editor Futurescope
Have you been wondering why there is so much excitement around cryptocurrency, especially Bitcoin (BTC)? Many financial experts consider it the modern gold rush. Well, crypto investment is a lucrative opportunity for active and passive income.For those who are interested in Bitcoin, it all starts with buying the coins and putting them in a secure BTC wallet. But you need to know how to buy BTC crypto fast and securely. Whether you are new or seasoned in crypto investment, you need this guide, so read it to the end.
Bitcoin, abbreviated as BTC, is one of the oldest cryptocurrencies with an amazing evolution. Since its invention in 2009, the digital coins have grown in value on a reliable path, despite threatening dips here and there. No wonder, investors are not worried about the current dip caused by the COVID-19 pandemic and the political crises around the world.Bitcoin has created a path to many other digital currencies but maintains the lead in value against the US dollar. Currently, it is at $22,817 from a high of $65,000 in November 2021. However, experts predict that the coins will rise in value again in 2023 and continue to grow.For first-time buyers who want to know how to buy BTC crypto fast, the first step is getting a secure digital wallet as mentioned. Fortunately, many modern digital wallets are compatible with many cryptocurrencies on top of Bitcoin. A hot wallet, which is an online wallet, is the best because it can be accessed anywhere from an app or web browser. However, cold wallets, which can be in the form of a small hardware device, are still useful.
How to Buy BTC Crypto Fast – Reasons to Buy Bitcoin
Investors and other people want to know how to buy BTC crypto fast for many reasons. According to reports, most of the people who buy the coins are investors, but there are many other buyers and reasons. Let’s look at the main reasons so that you will know.
- To participate in Bitcoin trading – Buying and selling digital assets is called crypto trading. If you are interested in BTC in particular, you will be buying the coins on a regular basis. New buyers have to make the right decisions, especially if they want BTC worth a large amount of money during the initial purchase.
- To save and earn interest – While crypto trading provides investors with active income, saving provides passive income in the form of interest. Some options are called HODLing, while others are called yield farming. Depending on the platform, the interest could go up to 30% pa.
- To buy goods and services – Did you know that paying for goods and services using Bitcoins has become a popular mode of payment around the world? Yes, you can pay for goods and services on the web using BTC, and you need to know how to buy BTC crypto fast to pay conveniently.
How to Buy BTC Crypto Fast – Amazing Options
Here comes what all crypto investors and enthusiasts want to know: how to buy BTC crypto fast and safely. As one of the platforms where you can buy Bitcoins instantly, NakitCoins agrees that it all boils down to choosing the right platform. But let’s go through the possible options to help you make the right decisions.
Centralized exchange platforms (CEX)
CEX platforms are the common options for people who want to know how to buy BTC crypto fast. They are all over the web these days, and all of them have a mobile app for people on the move.
CEX platforms provide liquidity for clients to buy cryptocurrencies without having to wait for an interested seller. Actually, they are instant. So, consider online exchanges that are popular and get an account that takes you through the “know your customer” (KYC) process for increased security.
Decentralized exchange platforms (DEX)
DEX is the total opposite of CEX. They promote P2P crypto trading. So, any investor who wants to know how to buy BTC crypto fast on these platforms should take the time to read more about how they work. Just so you know, they connect you to a seller, and this process is pretty fast when a reputable platform is used.
Their security protocols are very effective, and they include opening a secure account and going through the verification process and KYC procedure. The main advantage of using a DEX over CEX is the low cost of transactions.
Physical exchange platforms
Some crypto exchanges have physical outlets in various parts of the world that sell BTC and other cryptocurrencies. Are you curious to know how to buy BTC crypto fast from such an outlet? Of course, you are. Just like a bank, you are required to walk into an office that handles the exchange and transact through an agent.
It takes a few minutes to complete the transactions, especially if the company has put in place efficient systems to complete the transactions in real time. The good thing is that you do not need to create an account or complete the KYC protocols unless you are paying for the BTC using a credit card.
If you want to know how to buy BTC crypto fast on an ATM, then visit one near you and check their crypto buying procedure. These are automated self-service crypto vending kiosks managed by popular financial solution companies across the globe. The good thing is they are regulated by the financial authorities in the country, making them secure and efficient.
How do you go about buying BTC from an ATM? The procedure is simple and similar to any other; you need to have an accepted payment method or another crypto in a digital wallet before initiating the buying process. The machine has a dashboard that will help you transact until you buy the coins successfully. It is prudent to confirm success before leaving the booth.
The good thing is that they have a customer support center to lodge a complaint if you meet any challenges. However, no challenges should be expected if you already know how to buy BTC crypto fast using an ATM.
Buying from an individual seller
Do you know someone who wants to sell their BTC? You can grab the opportunity to buy from them directly. The good thing about buying from someone you know is that it is secure. You actually do not need to know how to buy BTC crypto fast from other platforms because the person will send the coins directly to your digital wallet. You need to pay the seller immediately to receive Bitcoins. Hence, it is a process that requires trust, especially if you do not meet physically with the seller.
Unfortunately, this option is not recommended if you do not know the seller well as a friend, family member, or work colleague. It is easy to lose your money if the person is not honest. Take all necessary precautions or use a reputable exchange.
If you did not know how to buy BTC crypto fast, you now do. It is an interesting process, and learning the ropes is pretty easy even for newbies in the crypto world. If you need more information such as the specific exchange platforms that are trusted, it is crucial to research more. Make the right move now.