There are various ways to buy bitcoin (BTC), going through corporations to purchasing it in person. Trading in person usually has its perks as long as you follow the right process. The method is easy, quick, and more confidential. If you know someone who is selling bitcoin and worth trusting, you do not need to burden yourself looking for sellers. However, if you lack links to reliable buyers, the information in this article should prove useful. To acquire such connections, you can use the internet or attend meetings that revolve around BTC. With that in mind, below are two efficient ways to purchase bitcoin in person.
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Online crypto trading platforms concentrate on peer-to-peer finance. Some platforms offer cash-only matching services, while others are flexible. You can identify more sellers online, but it depends on your location. Purchasing BTC on trading platforms is fast and easy. There are multiple platforms you can use, with most of them having similar tools and features.
To utilize online seller-matching platforms, here are the typical steps to take:
-Sign up by creating an account on a platform of your choice. After this, you have to get a wallet for your BTC
-Browse the menu for “buy bitcoin” and click on it
-First, you will input your location, then the amount you are requesting
-Choose the mode of payment, in this case, cash. After that, you will get a list of suppliers to scroll through until you find one that meets your requirements.
These are the typical steps when using seller-matching and online trading platforms such as NakitCoins. Once you are satisfied with the seller’s terms, you can start the exchange. Do this by having a live chat with the seller. He or she should guide you through payment instructions and finally validate the transaction. When the payment is confirmed, the seller immediately releases the bitcoin to your wallet.
Find a Local Trader
Many local traders offer their services for cash. The trader also uses peer-to-peer finance. It means that you want not to go through corporations or banks. However, if you choose this option, you need to find a seller, you can fully trust. You can also find local trader applications on your mobile devices such as smartphones or laptops. They allow you to buy bitcoin directly from any other user.
To use a local trader app, here are the steps to follow;
-Download Mycelium from Play Store, App Store, or their website
-Ensure that you create a backup right after signing up by following the instructions on the site
-Click on the buy and sell button
-Input your location on the change button on the top to see through available offers
-Once you have made your decision, go ahead and make payment
-Check your mycelium wallet for bitcoin the seller has transferred.
That is all you have to do, and you can start trading with potential sellers.
Also Read: The 5 Best Trading Laptops
Conclusion: What You Need to Consider When Using These Ideas
These apps have varying setups and systems. For this reason, it is advisable not to expect similar services. For instance, some platforms entail a third party that holds funds until the other parties meet the requirements to release the funds. Through this, you are guaranteed to get what you have paid.
This article has highlighted the safe and reliable ways you can buy bitcoin in person. Using Mycelium and Paxful buyer and seller matching, you can jump on the bitcoin bandwagon by yourself.