If you’re a frequent social media user, especially Twitter, you must have noticed that cryptocurrency news has been among the top trending subjects. Well, back in February, Bitcoin was valued at $50,000 USD. This was, of course, the ultimate moment for every bitcoin owner.
The news prompted many people to start investing in bitcoin and other crypto coins such as Ethereum. People were searching for resources on how to make USD to BTC instant buys. In this beginner-friendly guide, we will take a look at various ways to make fast Bitcoin buys.
Bitcoin was launched back in 2009. At the time, most people didn’t believe in it, and some even thought of it as a Ponzi scheme. The main idea behind developing Bitcoin was to create a currency that gave ownership and control.
Also, unlike fiat currencies such as the Euro and the USD, cryptocurrencies are globally accepted. This means that you can make purchases from anywhere in the world without incurring exchange rate charges.
The launch of Bitcoin triggered other crypto coins such as Ethereum, Lite coin, and several others. These other crypto coins are referred to as alternative coins or altcoins. Bitcoin is by far the most valuable crypto coin.
Nowadays, there are a couple of ways via which you can make instant BTC buys. You can buy bitcoin from exchange accounts, P2P websites, or via a bitcoin ATM. However, if you’re a newbie to crypto trading, we would suggest you use exchange accounts.
Exchange accounts are websites that allow users to buy and sell crypto coins. For example, NakitCoins offers USD to BTC instant exchange. You can even swap coins. This means that you can trade your bitcoin for an altcoin such as Ethereum or Litecoin and vice-versa. In addition, exchange accounts also offer a digital wallet where you hold your coins before leveraging them.
You will need to sign up for an account first. After that, you can add your mode of payment, or how you want to buy your bitcoins or other crypto coins. Most exchange accounts such as Nakitcoins allow users to buy instant BTC using a credit or debit card.
Another way of making USD to BTC instant buys is via bitcoin ATMs. Bitcoin ATMs are still new and you might need to use a bitcoin ATM locator to find if there are any near you. The ATMs allow you to buy bitcoin using fiat currencies such as Euros or USD.
The bitcoin ATM is connected to your crypto wallet. Once you make a buy, the bitcoins are sent directly to your crypto wallet. In this case, you will need to own a crypto wallet first before using the bitcoin ATM service.
P2P crypto trading websites work almost like exchange accounts. The websites have a list of merchants selling bitcoins and other crypto coins. You will need to sign up for an account first before buying bitcoins from a merchant.