4 Ways of buying Bitcoin very fast

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Have you ever wondered if there was a way to buy Cryptocurrency very fast without the need to go to an cryptocurrency exchange? If you did, but never had time to figure this out, then this article will give you the answer and maybe leading you the way to be a profitable Bitcoin investor.

With the growing demand for cryptocurrencies, mostly because of their limited supply, the cryptocurrency exchanges out there can be a bit overwhelming. Also, buying cryptocurrencies at centralized exchanges comes with some risk. One of the biggest fears cryptocurrency investors have to buy crypto is the unregulated market. Also, the technology is in its infancy yet and still very unknown to a greater audience. A good example of investors losing money in the cryptocurrency market happened just recently with the hack of Quadriga. This is just one example, but there are many more to mention.

Buy Bitcoin very fast

So if you still are interested in buying Bitcoin very fast, are there other options then just signing up at a centralized exchange? The answer is yes. In this article will be explained in detail how to buy Bitcoin or any other cryptocurrency fast on 4 different online platforms. The online platforms being discussed will be:

  • Coinmama
  • Coinswitch
  • Wirex
  • Changelly

Coinmama

Coinmama offers the possibility to buy or sell cryptocurrency. Trading Bitcoin or Ethereum is possible without going to exchange first. They are one of the most trusted players in the crypto space and have been there since 2013. To buy or sell crypto, you can do it from within their platform and they choose the exchanges with the lowest exchange rate. It doesn’t matter where you are located in the world, because their platform offers you to trade from anywhere.

Coinmama how does it work

To start using this online cryptocurrency platform one has to go through a sign-up process first which is very easy and quick.

  1. Register your personal data to create an account. Your data will encrypted and stays on this platform only.
  2. Submit your personal details. It’s up to you how much personal data you will share, but the more you share, the more you can buy at once.
  3. Buy cryptocurrency! Right now it’s possible to buy up to 8 cryptocurrencies like: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, QTUM and Ethereum Classic.

Bank account

If you are living in the European Union or Great Brittan then there is another option for you available. It’s also possible to buy Crypto with a SEPA bank transfer. Currently, there is a limit of about 12000 USD per day but no extra fees.

Coinswitch

Coinswitch is another option if you want to buy Bitcoin very fast. Buying Bitcoin or Ethereum is possible without going to exchange first. The idea is that they will get your crypto from the exchanges against the lowest exchange rate. It doesn’t matter where you are located in the world, because their platform offers you to buy it from anywhere. Buying Bitcoin can be done in more than 300 different cryptocurrencies and tokens.

When you use their platform, the ordering process is different compared to traditional exchanges. When setting up a trade three things are very important in the buying process:

  1. Compare
    Compare rates across other exchanges and find the best exchange rate.
  2. Convert
    Follow simple steps to exchange your cryptocurrency.
  3. Track
    It’s very easy to track orders when an order is set up.

It’s very important to know that you don’t store any Bitcoin on their platform when trying to buy it. You just give the public key of your wallet address and after transaction completion, the funds will directly be transferred to your wallet.

Wirex

Wirex offers the possibility to buy Bitcoin very fast also.Buying Bitcoin or Ethereum is possible without going to exchange first. They are a known player in the crypto space because they were one of the first companies that offered a bitcoin debit card. When I’m traveling the world I’m also using their card to pay with crypto and I think their service is amazing.

To buy or sell crypto, you can do it from within their platform or App and they choose the exchanges with the lowest exchange rate. It doesn’t matter where you are located in the world, because their platform offers you to buy or sell Bitcoin from anywhere.

It’s also possible to exchange your crypto in traditional currencies. Currently, they offer 10 traditional currencies to be exchanged: EURO, USD(US Dollar), GBP(British pound), YPJ(Japanese Jen) and some others.

Buying or selling cryptocurrencies is limited to only 8 at the moment. These are the ones which are ranked top 10 in Coinmarketcap. Bank transfers are allowed by SEPA and their service is offered on a global scale.

Unique in their service is their ‘Cryptoback’ program. This service is one of my favorites because it gives you the ability to earn crypto while you buying something with crypto. Every transaction you make gives you 0.5% back in BTC. This can only be done when you are in the possession of a Wirex card and do an in-store purchase. The rewards are paid instantly and in Satoshis, the smallest unit of Bitcoin.

Changelly

Changelly is an instant cryptocurrency exchange that allows to buy Bitcoin very. The service mechanism searches for the best crypto-to-crypto rates and supports over 130 cryptocurrencies available for exchanging one to another.

Changelly offers a trusted service to almost 2 Million users worldwide and without revealing user identities. They offer good security service and after you have setup an account at their platform you have to enable 2FA(2 step verification) . I think this is a good thing and makes them trustworthy.

Transaction fees

Fixed rates are not offered on their platform, this is because of the volatile nature of cryptocurrency. Instead rates are tied to the latest transactions and the lowest at that time of date. Commission fee is charged at a rate of 0,5% for crypto-to-crypto swaps.

Bank cards

For bank transfers they have a partnership with Simplex and Indacoin. Simplex offers service for direct payment with ETH, BTC and BCH. When buying Bitcoin this way you don’t need the double conversion which is very usual at other crypto exchanges.

Limitations for buying with fiat

Like I explained earlier, fiat transactions are handled by their partners Simplex and Indacoin. They both have some rules and regulations you should know:

Indacoin

  • USA, Canada and Australia - $50 limit for first transaction made. After that the next purchase can be done in 4 days and has a limit of 100$. After 7 days the limit will be raised to 500$. In one month there are no limits.
  • CIS region(Russia/Ukraine/Belarus)
    The first transaction has a limit of 200$. For the first week the limit is set to 2000$ and for the entire month 10000$.
  • EU and other countries
    Like USA, Canada and Australia. The first week has a limit of 6 payments.

Simplex

  • First transaction has a minimum of 50$ and a maximum of 10000$
  • Daily limit is set to 20000$
  • Monthly limit is set to 50000$

Conclusion

If you are looking for an easy way to buy Bitcoin very fast than there are lot's of possibilities in the current cryptocurrency market. For investors who don't want to trade but hold the Bitcoin as a long-term investment, this way of buying Bitcoin is in my opionion the one with the lowest risk.

 

 

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