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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 minutes.
  • Buy bitcoins instantly with credit card or another instant payment method such as Skrill, Paypal, or similar.

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 can vary significantly. Beside that, exchanges and brokers may charge fees for trading, depositing or withdrawing currencies.

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 cryptocurrencies. Our filters for security features help you find marketplaces that you can trust.