Instant purchase of bitcoins is one of the most convenient ways to come investire in bitcoin. However, this process can be complicated and lengthy.
There are several ways to buy crypto instantly, including using your credit card or bank account, a bitcoin ATM, or through a cryptocurrency exchange. Learn about each of these options and which is right for you!
1. Crypto exchange Coinmama
Coinmama is an online platform that makes buying bitcoin and other cryptocurrencies easy, fast and safe. Users can purchase coins with credit and debit cards, bank transfers, Apple Pay and more.
They also offer a loyalty program that rewards users with 12.5% off the final price of their purchases and fast-tracked customer support. It’s a great way to get in on the crypto market, even if you don’t have much experience with it.
Another thing that sets Coinmama apart from other exchanges is their focus on security. Their KYC process protects their users’ accounts and reduces fraud.
Their support team is available 24/7 to help you with any issues that you might encounter. They can be reached through live chat, email and more. In addition, they offer an extensive library of articles on their help center page.
2. Crypto exchange Kraken
Kraken is a popular exchange with a high level of security, low trading fees and a large selection of cryptos. The exchange offers a number of ways to buy and sell bitcoin instantly.
Security measures include ‘cold storage,’ which means that funds are kept offline and away from hackers. In addition, the platform undergoes regular audits to ensure its clients are protected from any potential vulnerabilities.
Its top-notch security is complemented by its excellent customer support and 24/7 live chat, email, and phone help. The exchange also offers an affiliate program for referring new users and rewards them 20% of their trading fees for a period of time.
Its Instant Buy service is easy to use, but its high fees can eat into your savings. This is especially true if you’re using it for stablecoins.
3. Crypto exchange Bybit
Bybit is a peer-to-peer exchange and digital wallet that offers a simple way to buy bitcoin instantly. It accepts 300 payment methods, including credit cards, PayPal, Amazon gift cards, and wire transfers.
Bybit lets users buy and sell three cryptocurrencies: Bitcoin, Ethereum, and Tether. Its limited selection is one of its biggest drawbacks, however.
Its fee structure is quite unique: there’s no fees for buying a crypto on Bybit https://www.bybit.com/en-US/ , but sellers are charged between 0.5% and 5% of the total order. This is a margin charge and is used by sellers to recover part of the 1% fee they pay for selling their coins on the platform.
It’s also important to be on the lookout for sellers who are charging a higher fee. These are usually sellers who use refundable payment methods like PayPal or credit cards, where a buyer can request a chargeback after the trade is completed.
4. Coin ATM
A Bitcoin ATM is a kind of automated teller machine that accepts cryptocurrencies instead of fiat currencies. It’s a great way to buy bitcoin instantly without needing to go through a bank.
The process is fairly simple. Users simply scan a QR code, which corresponds to their blockchain wallet address. The ATM sends the purchased coins to that address.
Transactions take anywhere from 10 minutes to an hour to confirm, so it’s important not to expect instantaneous results.
Some BTMs also require ID verification. This varies on location and country, so be sure to check your local laws before you go.
Once you’re ready to purchase, select how much money you’d like to deposit (in increments of $5, $10, $20, $50, and $100 bills). Then, insert the cash into the machine under the green light, and click “Finish.” You’ll receive a receipt. This will show how much you paid for the transaction, and the amount of crypto you bought.