Buy bitcoins online using a credit or debit card, or bank transfer.
Get bitcoins from a bitcoin ATM near you.
Buy bitcoins with cash on site or with a cash deposit.
Transfer PayPal funds to Bitcoin online.
The above is just an overview of where to buy bitcoins. Now let’s get into the details.
To buy bitcoins, you need to convert your local currency, such as dollars or euros, to bitcoins. Here is an overview of the four most popular payment methods:
1. Credit or debit card
Converting Bitcoin to Fiat Credit and debit cards are the most popular method of online payment. It is therefore not surprising that many people want to buy bitcoins this way.
What are the benefits of buying Bitcoin with a credit or debit card?
Credit cards are a payment method most people are familiar with and are probably the easiest way to buy bitcoins online.
The Bitcoin receipt is instantly available once the initial verification process is complete.
What are the downsides to buying Bitcoin with a credit or debit card?
high fees; If you have patience and are in no rush to buy, you should use a bank transfer to pay the lower fees.
a non-private payment method; You will need to identify yourself when purchasing a credit card.
Some of the websites for buying bitcoins online with a credit card are:
Coinbase – US, Canada, UK, Australia, Singapore and Europe.
Coinmama – All over the world
CEX.IO – all over the world
You can also check out our comprehensive guide to buying bitcoins with a credit or debit card.
Bank account or bank transfer
Bank wire transfer is one of the best and safe ways to buy digital currencies for many countries around the world
What are the benefits of buying Bitcoin with a bank account or wire transfer?
Great way to buy large amounts of bitcoin
Using a bank transfer usually results in the lowest possible fees being paid so you can get a good price on your purchase
What are the downsides to buying Bitcoin with a bank account or wire transfer?
Identity verification is usually required, so this is not a good option for privacy protection
Slowly, in the US, a transfer can take up to 5 days
Learn about the best ways to buy Bitcoin through your bank account:
Coinbase – USA, Canada, Singapore and Europe.
Coinmama – from all over the world
Bitcoin Cash Icon Depositing cash is usually the fastest and most private way to buy bitcoins. You can usually receive the purchased bitcoins within a few hours.
What are the benefits of wallets?
It can be more private as in some cases you don’t need to provide any personal information.
It can be almost instantaneous, you don’t have to wait 5 days to process the bank transfer
What are the disadvantages of wallets?
Privacy has its price; The exchange rate of cash is usually 5-15% higher than the market rate.
easily exposed to fraud and theft; You should be careful and follow the rules of the exchange
You can also check out our comprehensive guide on how to buy bitcoins with cash or a cash deposit.
There are bitcoin ATMs all over the world that you can use to buy bitcoin with cash.
All you have to do is insert the cash into the machine and the bitcoins will be sent to your wallet.
Use the Bitcoin ATM card to find a Bitcoin ATM near you.
What are the advantages of Bitcoin ATMs?
It can be more private as in most cases no personal information is required.
If you have an ATM near you, this can be a convenient and quick way to buy currency
What are the disadvantages of Bitcoin ATMs?
Privacy has its price; The fee for using a Bitcoin ATM is usually 5-15% above the market price.
You do not find a direct way in the paypal bank to buy, there must be a good financial intermediary to transfer you According to PayPal’s terms and conditions, merchants are not allowed to sell bitcoins for PayPal money.
I don’t recommend buying bitcoins with PayPal as the fees are too high. It is likely that your PayPal account is linked to your credit card or bank account, which allows you to purchase bitcoins at much lower fees.
There are a lot of tricks to avoid it You can buy other digital products with PayPal and then sell them for Bitcoin
Benefits of buying Bitcoin with PayPal?
If you have an account balance, the conversion from PayPal balance in Bitcoin can be a quick and easy option.
Disadvantages of buying Bitcoin with PayPal?
The fee is over 12%; Better to buy it with a credit card or a bank account