I get a lot of questions asking me what is the fastest way to buy bitcoins reliably?
Short answer: I tell them, “If you live in the U.S. Square’s CashApp is the BEST!” You’ll have your bitcoins (BTC) available for transfer to your wallet in a jiffy @ zero fees.
Long answer: There are plenty of easy ways to buy bitcoin depending on your preferences, but if you need them fast, the following methods I listed here are reportedly some of the speediest options. (If you need em’ fast, Stay Away from Coinbase! Read why…)
Not all are built equally in terms of ease of use, privacy, speed, fees, reputation and limits. So you have to check them out for yourself:
#1 in the Finance category of the App Store, CashApp is streamlined to make your Bitcoin purchases fast and easy in the USA.
If you need bitcoins fast, download the CashApp right here on your mobile phone, tap on the Cash Card, Swipe left and you’ll be able to see the Bitcoin page.
Before you can go ahead and select how much bitcoins (btc) you’d like to purchase, you’ll need to verify your full name, date of birth, as well as your Social Security Number (SSN).
If you got everything right, you should now be able to add your debit or credit card details or your bank account number to load U.S Dollars into your app. This step-by-step guide will show you how to get from A – Z with CashApp.
Now you can swiftly buy bitcoins (btc) without being a professional trader at zero fees. All thanks to Jack Dorsey the CEO of Twitter who advocates for bitcoin.
Get $5 loaded into your CashApp when you try using it through this link.
I don’t know what it is about purchasing Bitcoin, but hitting that BUY button on @CashApp feels so damn good.
— Vake (@vakeraj) May 16, 2019
LocalBitcoins started in Helsinki, Finland as far back as 2012. It is home to over-the-counter trades dealing with local currencies in 249 different countries.
In fact, only New York state has suspended their services due to local financial regulations.
They use an escrow service to facilitate peer-to-peer trading, matching every buyer and seller on the platform. You can use a wide range of methods to buy bitcoin here including cash deposits, in-person cash, PayPal, bank transfer, Payza, Payoneer, Western Union, Credit cards, and much more.
Cash deposits remain the most popular method to buy bitcoins quickly and safely. But you must remain vigilant when choosing to trade with a seller. As of 2019, KYC laws may apply in your country.
Time-Limited Offer: Earn $5 worth of bitcoin when you complete a transaction of $100 on CoinSwitch here.
CoinSwitch allows you to buy bitcoin instantly with a credit card. But you need to first download or buy a bitcoin wallet before initiating a purchase.
You can use their service with a credit card in over 200 countries with incredibly high purchasing limits of up to $50,000 per month. With low & transparent fees at 0.5%, they’re one of the best options around.
Paxful removes the middleman and put the control back in your hands. You can now buy bitcoin from anyone in the world with over 300 payment methods easily and quickly, that’s kind of a big deal.
- Bank Transfers
- Steam Gift Cards
- Amazon Gift Cards
- eBay Gift cards
- Credit or Debit cards
- Google Pay
- Apple Pay
- Western Union
- and many more…
Buying your first bitcoin has never been so easy. When you have so many payment methods to choose from, all you have to do is click that buy button and you’re on your way…
BitQuick is a cash deposit only platform that works in the United States.
It claims that you will be able to buy bitcoin in under 3 hours with an average processing time of 1 hour 21 minutes.
Users are matched to the various sellers who offer their bitcoins at varying prices. As such, prices may vary quite a bit.
You can buy up to $400 worth of btc without verifying your ID. They charge a 2% fee and a 0.0001 btc mining fee.
Coinbase Issues: Avg. 2 week waiting period
Some are suggesting that you can get your bitcoins immediately if you buy bitcoins on Coinbase. Not always true. According to this Reddit forum:
You do get them instantly, but you won’t be able to send out or spend them. Unless you’re just looking to trade.
Those who tried using their debit card to purchase bitcoins reportedly got declined multiple times. Bank transfers are subjected to holding periods of up to 19 days! Which means you won’t be able to send them out to your wallet or spend.
Buying bitcoins (btc) on ATMs is probably one of the fastest way without needing any ID verification. You can do it with cash conveniently and privately but at fees of up to 10%.
You can check them out on CoinATMradar to find an ATM near you. If you’re in New York, you can check out CoinBTM.
Coinmama has served customers in 190 different countries and 24 U.S States since 2013.
They will most likely work for you even if you are in a remote region of the world.
If you don’t mind the 6% fee, their platform offers you a quick-fire way to purchase bitcoins with your credit card. Europeans get to enjoy their services at a lower fee using SEPA.
After you verify your ID, you will need a get a Bitcoin wallet before attempting to purchase on the site. If you don’t have a wallet, learn how to get a Bitcoin wallet here.
Coinmama helps you reduce indecisiveness by making it a fun way to purchase bitcoins at the least amount of friction.
Conclusion: My Fastest Way to Buy Bitcoin?
It almost seems like a no-brainer to me in using my debit card to buy bitcoins extremely quickly, thereby taking advantage of the volatile nature of the asset.
However, driving to an ATM machine can be instant and private as well because I don’t have to go through the old fashion way of verifying my identity the first time round.
It makes sense though if I had setup an account and verified my ID earlier, so I can buy bitcoins in a moment’s notice.
For me, buying on Binance can be quite fast too, since they allow me to trade and instantly withdraw my bitcoins to a wallet.
These are some of the best ways to acquire bitcoin without cracking open your head. Want cheap bitcoins? Then read this.
Buying bitcoin with PayPal? Buy Bitcoin With Paypal Instantly on these sites (Explained Step-by-step)
If you’re not in a hurry, why not check out the following:
- My 8 Step Process to Identify The Best Cryptocurrency Exchange [2019-2020]
- 6 Top Ways to Instantly Exchange One Cryptocurrency for Another [300+ Altcoins]
- How do I Trade Cryptocurrencies on Binance?
- How do I Buy Bitcoin (BTC) on Binance w/ My Credit Card?
- How To Deposit & Withdraw Money (GBP/EUR) on Binance?
- Top Bitcoin Buying App of 2019