Bitcoin is not only a payment method but is also an incredible investment. Everyone wants to invest in bitcoins, but most don’t know how to buy bitcoins. There are several ways to buy bitcoins, but all of them are not safe. If you want to learn about bitcoin trading, and make some profit with investing money in cryptocurrency. So you must know about the best and safest way to purchase bitcoins. Some of the most common methods to buy bitcoins are mentioned below.
Online bitcoin exchanges
If we talk about buying bitcoins, one of the simplest methods is using online bitcoin exchanges. These are online platforms used by several bitcoin users, and it allows them to exchange bitcoins with each other.
These exchanges have an order book through which you can easily buy and sell bitcoins. You can also deposit some funds with the exchange to purchase bitcoins quickly and get better accessibility to the assets. There are several online bitcoin exchanges, but you need to choose the one that is safe and most reliable.
One of the most important factors to consider while choosing an exchange is the trading volume.
Trading volume refers to the numerous buy and sells orders placed on it within a specific time period. If a bitcoin exchange has a high trading volume, it means that it is trusted by maximum users and will make it easier to find a seller to buy bitcoins. Bitcoin exchanges allow you to buy bitcoins directly from the seller as there is no third-party or intermediary involved. It is quite easy and simple to purchase bitcoins from these online platforms.
Buy bitcoins with gift cards
If you do online shopping, you must have some knowledge about gift cards. Gift cards are like vouchers of different shopping websites or brands that you can use to make purchases from that particularwebsite or brand. If you have some spare gift cards lying around, you can use them to buy some bitcoins. There are several online services that allow users to convert their gift cards into bitcoins for free. These services work on give and take method as they enable bitcoin users to buy a gift with bitcoins and gift card owners to convert their cards into bitcoins. But if you want to purchase bitcoins with your gift cards, you may have to sell them at a discounted price as these platforms won’toffer, you’re the full value. So, if you are okay with that, it is a fantastic way to acquire some bitcoins.
Bitcoin ATM
Another fantastic method to buy bitcoins is through using bitcoin ATMs. It is a new method but is getting increasingly popular among bitcoin users. Bitcoin ATM is like a bank ATM machine in which you can deposit cash and purchase bitcoins in return. You need to fill in your wallet details while making the purchase, and once you make the payment, the ATM will give you a receipt with a QR code imprinted on it. You can use that QR code to transfer the purchased bitcoins to the wallet. You can also use that receipt to withdraw cash from another ATM.
Bitcoin ATMs are quite useful, but there are limited countries only where they are begin set up. So, you may find it challenging to locate a bitcoin ATM in your area. These are some Bitcoin ATM locator services that you can use to check if there is a bitcoin ATM in your area. With the increasing popularity of bitcoins, more bitcoin ATMs are to be set up in different parts of the world.
Buy face to face
When it comes to bitcoin, there is a huge risk of fraud or scam. So, if you want to avoid such risks, the best way to purchase bitcoins is by meeting the seller face-to-face. There are several bitcoin local meetups held in different areas, and you can visit those meetups as there will be numerous bitcoin users will to sell. It allows you to meet them face-to-face and make a direct purchase. It minimizes the risk of facing any fraud as you can see the seller and double-check each and everything. It is the perfect way to buy bitcoins if you don’t trust online platforms and want to get maximum security while purchasing bitcoins.