Bitcoin is the most valuable crypto coin in the world. As such, crypto enthusiasts are looking for ways to convert their assets into crypto. Crypto coins are slowly revolutionizing the money markets. A couple of years back, it was pretty challenging for one to find bitcoin exchange locations.
Over the years, the number of bitcoin exchange sites has increased. This rise has been thanks to tech and the high demand for crypto exchange platforms. Back in 2009 when Bitcoin was being launched, most people shunned it thinking that it was a Ponzi scheme.
If you’re looking for an article on “How to buy bitcoin near me”, then you’re in the right place. In this guide, we highlight the various means via which you can purchase bitcoin. The article will also cover aspects you need to consider when selecting a platform to buy bitcoin near me.
Exchange Accounts and Websites
Exchange accounts are one of the best and most efficient platforms for crypto exchange. They offer an intuitive and easy-to-use user interface. Most exchange accounts also support various modes of payment.
If you search for “where to buy bitcoin near me” on Google or Yahoo, you will get a listing of some of the best crypto exchange websites. However, we would suggest that you read user reviews first before signing up.
The sign-up process is pretty straightforward. You only require an email address and you’re all set. Some exchange accounts will ask you to upload some documents to prove your identity. However, others such as Nakitcoins will only need you to confirm your identity when completing transactions.
One thing about online bitcoin exchange locations is that they do support multiple payment options. You can buy bitcoin with Nakitcoins from your bank account using your debit or credit card. Besides that, you can also swap your bitcoins for other cryptocurrencies such as ethereum or lite coin. Exchange accounts also offer free crypto wallets where you can hold your coins.
P2P websites are somewhat similar to exchange accounts. However, they offer faster transactions and anonymity. After you sign up for an account, you will not be asked to upload your ID or driving license, which means that your transactions are private and anonymous.
A search about a bitcoin seller near me, and you will come across a listing of the top crypto merchants on the internet. Most crypto sellers usually sign up on P2P websites where they sell or trade crypto coins. Once you sign up on a P2P website, you will be paired with a merchant.
Ensure you review the merchant’s account before you buy crypto from them or start a trade. Check their score, the number of completed transactions and their efficiency rate. Keep in mind that you will often come across scammers who pose as merchants.
It is often wise to use P2P websites that use escrow accounts for transactions. This way, you can always be sure you will not lose your money to a scammer. Also, read reviews from various crypto forums on social media.