Bitcoin popularity continues to grow steadily. The trend is so strong that Bitcoin has a very real chance of becoming not only the most popular cryptocurrency in the world, but also one of the main means of payment for users. The world is moving further into the digital age. And it is no exaggeration to say that Bitcoin is a symbol of the new digital economy, in which banks are just a tumor.
But for now, we will not rely on maxims. After all, despite the obvious development of the industry, users still have to face obvious problems of the crypto market, the main of which is the insufficiently developed infrastructure for easy and fast cryptocurrency purchase. Bitcoin has shown that users can fully manage their accounts and make transfers without restrictions. But platforms for exchanging cryptocurrencies still do not keep up with such innovations and do not yet comply with the principles laid down in the blockchain and digital assets.
It is important for users to be able to buy Bitcoin or any other cryptocurrency as easily and quickly as possible. In this review, we will tell you about the 5 fastest ways to buy bitcoin using a credit card, bank transfer, or e-payment system.
LocalBitcoins
LocalBitcoins is one of the most popular P2P exchanges or, as they are called, decentralized exchanges. Users exchange cryptocurrencies between each other directly, and the exchanger acts only as an intermediary and guarantor of transactions, charging a small fee for ensuring security.
Pros:
Low fees. Fees are paid only by users who placed offers. In other cases, you do not have to pay a fee;
Fast and convenient exchange. Just register and open a deal. Transactions usually take between 5 and 15 minutes if the seller responds quickly;
Multiple payment options: credit / debit cards, bank transfers, e-payment systems, altcoins, etc.
Cons:
- Depending on the payment method, the exchange rate may not be the most profitable and, as a rule, it is higher than the exchange rate;
- Probability of fraud. Advanced hackers try to circumvent the system and find new ways to cheat. Trust only trusted sellers with high ratings and protect your account (set up 2FA);
Yobit
It is an international platform for exchanging cryptocurrencies and fiat money. Of course, the exchange is not even in the top ten largest crypto exchanges in terms of trading volume (but it is in the top 100). But its main feature is that it is aimed at ordinary users and has an intuitive interface. With Yobit, you can quickly buy Bitcoin by adding funds to your account. Usually, funds are credited almost immediately.
Pros:
Fast way to buy Bitcoin;
Good liquidity for Bitcoin and top altcoins;
Low exchange fee – 0.2%;
Multiple ways to deposit and withdraw funds;
Regular giveaways, investment boxes and games.
Cons:
There are delays when depositing/withdrawing funds. Some users complain of tickets being neglected by the support service. However, keep in mind that many problems are caused by the users themselves due to the features of 2FA: for example, they requested a withdrawal, but forgot to confirm it using the second factor;
Unstable operation under high load
One interesting fact should be noted: during the entire existence (since 2014), the exchange has not been hacked once. This is a good sign. Even such giants of the industry as Binance and Bitfinex were hacked. Although attacks on the exchange were made repeatedly.
Changevisor
Changevisor is a service for monitoring reliable exchangers that allow you to quickly buy bitcoin for dollars and other currencies in many different ways:
- Credit / debit cards;
- Bank transfer;
- E-payment systems, etc.
You can filter offers by the offer you are interested in, for example, exchange BTC to USD or PayPal to BTC, and also sort the exchangers by various criteria, such as price or number of reviews. The main drawback of this method is that usually, the exchange rate of cryptocurrency at such exchangers is significantly higher than the market rate.
Paxful
Paxful is another P2P platform for exchanging crypto assets and one of the main competitors of LocalBitcoins. We will not stop at this exchanger for long, since it is practically an analog of LocalBitcoins. Even the fees are the same. There are not so many differences, and they are not significant.
Coinbase
We left the best for the last. Coinbase is considered one of the fastest ways to buy Bitcoin in the US using debit or credit cards.
Pros:
The fastest way to buy bitcoin for USD;
Reliable platform with high liquidity;
One of the few sites where users from the United States can legally trade;
Simple exchange.
Cons:
Verification is required in accordance with the KYC and AML policies, which is a threat to anonymity;
it is not available in all countries.
Why is the list like this?
You may be interested in why we didn’t include such well-known platforms as Binance or OKEx. Let’s explain that. We did this way because when working with fiat currencies, verification is required, which significantly slows down the purchase process and, in addition, poses a threat to anonymity. On the one hand, you only need to pass verification once, after which the exchange will be faster. But this will happen taking into account the availability of funds on the balance sheet – this is the main drawback of many cryptocurrency exchanges. Otherwise, you will have to top up your deposit, which means that there will still be delays when adding funds to your account, and you will not be able to buy bitcoin quickly.
The fastest way to sell Bitcoin
The methods listed above are also suitable for selling cryptocurrencies. But what if you need to not only sell Bitcoin quickly, but also to sell it as profitable as possible? Unfortunately, in this case, the sites we have described are unlikely to be suitable for you. The thing is that you buy at a higher rate than on the stock exchanges, and sell at a lower rate. Sellers and exchanges make money this way, but this is not available for you. Of course, you can become a seller yourself to earn money in this way. But there are easier ways.
And here is one of them – selling using the HiRiBi platform. This service allows you to quickly and profitably sell Bitcoin for PayPal USD. Here are the advantages of HiRiBi:
Rapid exchange. Two confirmations in the Bitcoin network are enough, after which the funds will be automatically sent to your PayPal wallet;
Simplicity. Quick registration. All you need is to specify the amount, PayPal wallet address and send the desired amount of bitcoins. It’s very easy;
High Bitcoin exchange rate. You can sell Bitcoin at a rate higher than the market average due to the difference in exchange rates between exchange platforms;
A profitable affiliate program that allows you to earn up to 2% of the exchange amount of your invited users.
If you want to sell Bitcoin with profit right now, then register on the HiRiBi website and try to exchange a small amount to see how fast and profitable it is.
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