Buying Bitcoin is far more common in the cryptocurrency world than buying any other digital coin. The main reason for this is that Bitcoin has been steadily rising in value since its inception over a decade ago. If you are new to this crypto, you might be wondering, can I buy BTC in person? Yes, you can do so through one of the ways we will discuss below.
Being new to crypto investment does not mean that you will make mistakes. Following well-researched insights and consulting with experts will help you succeed. That said, let us answer the question, can I buy BTC in person?
Can I Buy BTC in Person? A Bitcoin ATM Can Help
One of the easiest ways to buy bit coins in person is through a BTC ATM. These machines follow the concept of automated teller machines introduced by banks to allow you to deposit or withdraw fiat cash. However, these enable you to buy and sell Bitcoins on the streets, in shopping malls, or inside a bank.
To buy the digital coins, you are required to have a digital wallet where the coins will be sent by the automated machine in exchange for fiat cash, credit card, debit card, or your bank details. When you walk up to the machine, it is easy to follow the prompts until you successfully buy your Bitcoins or any other cryptocurrency.
Buy from a Cryptocurrency Exchange
As a newbie in the crypto world, you might still be wondering, can I buy BTC in person? Yes, and a crypto exchange is another option for this. These are usually third-party platforms with many registered users. They either buy and sell the coins or connect investors to buy and sell from each other. The good thing is that they coach newbies on how to buy and sell Bitcoin safely through their insightful blogs and community forums.
The procedure is pretty simple. Some platforms ask for registration if you are new, while others will not. Just like for BTC ATMs, ensure that the digital wallet and your payment method are ready before starting the process to buy Bitcoin online on a cryptocurrency exchange.
The process is fast, but this depends on each platform. That is why you should only choose reputable platforms since they assure you of a smooth Bitcoin buying process.
Can I Buy BTC in Person? Banks Sell Too
You are lucky because many banks have started selling Bitcoins. So, if you are still wondering where to buy BTC in person, doing so through a bank is possible.
Can I buy BTC in person? It is simple. Walk into a bank and make a deposit or a bank transfer, and they will deposit Bitcoins into your digital wallet. Confirm if the transaction is reflected in your wallet and walk out.
So, can I buy BTC in person? The answer is obviously yes. The above insights are meant for newbies, but they are also invaluable to any other crypto investor. After reading them carefully, you will notice that they are very simple procedures. Finally, it is worth mentioning that you can still buy Bitcoin from friends and colleagues at work with ease. So, consider it as an option as well.