Bitcoin has been a trending subject over the past three months or so. Most of the news came along after the crypto coin crossed the $50,000 USD mark. More people have been looking for ways on how they can invest in bitcoin and other cryptocurrencies. So, there comes the question, how to buy bitcoin instantly with a bank account?
Crypto coins have been around for quite a while. We have bitcoins, which are the major crypto coin, and other coins known as alternative coins or altcoins. Ethereum is the second most valuable crypto coin after bitcoin. In this article, we look at investing in cryptocurrencies. In the article, we also touch on how to buy bitcoin instantly with a bank account.
How to Buy Bitcoin Instantly With Bank Account
These days, buying bitcoins is very easy and straightforward. There are three main ways via which you can buy bitcoin or any other alternative coin you may wish to invest in. The first method is via exchange accounts.
Crypto exchange accounts allow users or clients to buy bitcoins and trade them for fiat or other coins. They also allow you to buy bitcoin instantly with a bank account or via your credit card. You will typically be required to sign up for an account first. After that, you will need to verify your account by uploading a recent passport photo and a copy of your national ID or passport.
After your account is verified, you can select your mode of payment. You can opt to buy bitcoin from your bank account via debit or credit card. Exchange accounts support safe and secure crypto btc bank login. Should you get stuck, you can look through the FAQ section for, How to buy bitcoin instantly with bank account?
Using P2P Websites
If you search “how to buy bitcoin instantly with a bank account?” you will come across various listings of major P2P websites or platforms. Ideally, P2P websites work similarly to exchange accounts.
However, you do not need to show proof of identity to begin trading. As such, it promotes anonymous trading, especially for people transacting massive amounts. The platform links buyers and sellers and charges a small fee for the service. Most seasoned bitcoin traders prefer P2P websites to exchange accounts because they are faster and anonymous.
Bitcoin ATM Machines
Nowadays, bitcoin ATMs are being set up across major cities worldwide. These machines allow people to buy bitcoin using fiat currency such as USD or the British Pound. The machine works in an almost similar manner to regular ATMs.
The machine is linked to your crypto wallet address and the bitcoins are sent there after purchase. With bitcoin ATMs, you can also buy bitcoin instantly with a bank account using your credit card. You can always use an ATM locator to search for bitcoin cashpoints within your region.
Investing in bitcoin looks promising, especially when the crypto coin is challenging centralized money systems. More businesses are now going digital to facilitate online payments faster and cost less in transaction fees.