How to Buy Bitcoin instantly
Before you can buy bitcoins you need to open an account on a cryptocurrency exchange and broker service.
While many of these require a lengthy account verification process which can take up to a week, there
are also marketplaces that let you buy bitcoins instantly.
To buy bitcoins instantly, follow these steps:
- Create an account with one of the Bitcoin marketplaces above
- Verify your identity using document upload or video chat (if required by the marketplace). The
verification process of above listed marketplaces are highly automated and should take less than 10
- Buy bitcoins instantly with credit card or another instant payment method such as Skrill, Paypal, or
Cryptocurrency exchanges and brokers that offer instant buy are often comparably easy-to-use and offer a
wide range of payment options. Furthermore, you will not miss out on an opportunity to buy at the
current price. However, as these marketplaces need to added cover costs from verification providers and
credit card networks, their prices and fees are often a bit higher than those of other marketplaces.
When is a good time to buy Bitcoin?
Since you’re looking for an instant way to buy bitcoins it seems that you think it’s a good time to buy.
Quite frankly, we don’t know if now is the right time. However, if you are looking to buy bitcoin at a
specific price, we can help you to not miss a buying opportunity: Sign up for a Cryptoradar account and
set up a price alert to get notified when Bitcoin trades below or above your target price.
Other things to consider when choosing a Bitcoin marketplace
Beside fast verification times you should also consider the following factors when you buy bitcoins:
Prices & Fees: Since Bitcoin is traded on free-market exchanges, the price of Bitcoin
significantly. Beside that, exchanges and brokers may charge fees for trading, depositing or withdrawing
Wallet Service: Bitcoins are stored in a bitcoin wallet. If you are new to
cryptocurrencies it is easier
to select a marketplace that offers a wallet service. However, please bear in mind that funds might be
lost if a marketplace is affected by a cyber attack or bankruptcy. Therefore, we recommend using your
own Bitcoin wallet.
Payment method: Like with any other purchase you do online, you need to transfer money
to the seller.
While most cryptocurrency exchanges only offer wire transfer, broker services often offer a number of
convenient and instant payment methods such as debit card or credit card.
Security: last but not least, security plays a major role when investing in
filters for security features help you find marketplaces that you can trust.