Where to Buy Bitcoin: The 4 Best Ways to Buy BTC

So you want to buy Bitcoin. You’re not alone: around 46 million Americans own Bitcoin, and it can be a great investment, so long as you understand the risks. 

Yet to start trading, you first need to know where to buy Defi crypto. There are many different ways to buy Bitcoin, but some are more reliable than others. In this guide, we’re going to look at four different ways you can buy Bitcoin, and see which one is best.

Ready to get started? Then read on!

1. Crypto Exchanges

One of the best places to buy Bitcoin is on a cryptocurrency exchange. These sites pair up sellers and buyers, then act as a middleman, to make sure that everyone gets what they were promised by the other.

Exchanges deal with a wide range of currencies usually, both fiat and crypto. If you want to swap Japanese Yen for some Bitcoin, you can do that on an exchange. 

The only real issue with crypto exchanges is that they charge fees on transactions, which can add up.

2. P2P Trading

If you want to avoid the fees, one option is P2P (peer-to-peer) trading. This is where you find someone looking to sell Bitcoin and work directly with them. 

While this will avoid the fees, it does have some inherent risks. You need to be able to trust the seller, and that’s a lot to ask, especially given the cloak of anonymity that surrounds crypto.

There’s a not insignificant chance that you’ll get scammed by the seller. They could take your currency and never send you the crypto. For this reason, we’d recommend steering clear of P2P trading, at least until you’re well-versed in the world of crypto.

3. Bitcoin ATMs

If you want to buy Bitcoin with cash, a bitcoin machine in Montreal is your best bet. When you use one of these, you’ll scan a QR code that contains your wallet’s information, pay for crypto with cash or a debit card, then the crypto will go straight to your wallet.

This means that you don’t have to interact with the seller at all. You get your crypto and you get it relatively fast. We’d recommend that you find a Bitcoin ATM near your location if you’re interested.

4. Bitcoin Futures

If you’d like to invest in Bitcoin, you could choose to invest in Bitcoin futures, which function like other futures investments. However, this is a very advanced kind of investment and comes with some serious risks.

If you’d like to learn more about this kind of investment, we’d recommend speaking to a broker.

Where to Buy Bitcoin: Answered

In this guide, we’ve covered where to buy Bitcoin, but which is the best method? We’d recommend steering clear of futures or P2P trading. Instead, you should look to buy Bitcoin from either an exchange or an ATM for maximum safety.

If you’ve enjoyed this article and would like to read more like it, check out the rest of our blog today!

Published by
Rachel Dixon

Recent Posts

Significance of Ordering Floral Gifts Online

Nowadays, individuals are searching for quick, helpful, and best services whenever they need any. That… Read More

46 mins ago

What You Might Need in Bulk: Building Business Teams

People are the most critical asset for a business. They are the ones who come… Read More

1 hour ago

The Equipment Used in Video Production

Businesses found an amazing opportunity to catch the attention of more consumers. People now interact… Read More

2 days ago

Henna Recipe

Nature has provided us with bundles of natural products for our better living. Still, unfortunately… Read More

2 days ago

Four Benefits to Implementing In-Home Usage Testing

If you are planning on launching a new product but want to make sure you… Read More

2 days ago

Beyonce and Rihanna all wore black peep-toe shoes. Here’s why you should too!

The peep toe trend is back, and it's all over the place. Some heels range… Read More

4 days ago