- Fastest Way to Buy Bitcoin in the USA
- Fastest Way to Buy Bitcoin Anywhere in the World
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
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.
Coinmama helps you reduce indecisiveness by making it a fun way to purchase bitcoins at the least amount of friction.
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.
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%.
VirWox is a cool platform for Second Life and isn’t actually a straightforward way to buy bitcoin. But there’s a creative workaround.
First, buy Linden dollars or Second Life Lindens (SLL) and then trade your SLL for BTC using PayPal. Check out my step-by-step guide here on buying bitcoins on VirWox.
The reason for this is due to PayPal’s charge-back feature which isn’t quite suitable for transacting bitcoins because it is irreversible. Once a seller sells you his bitcoins, you can still defraud him off his money by requesting PayPal to refund your money.
This is unethical, but it happens, and that’s why you cannot buy bitcoins using PayPal in a straight-forward manner.
VirWox imposes a strict limit based on your account level age. Unfortunately, you are only able to buy EUR 90 worth of bitcoins within 24 hours. So if you set up your account on VirWox today, you’ll be able to enjoy higher purchasing limits at a touch of a button.
Changelly 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.
They’re available in over 200 countries with incredibly high purchasing limits. With low & transparent fees at 0.5%, they’re one of the best options around.
Their trading algorithms are adopted into prominent companies like Ledger, Binance, Jaxx, Coinmarketcap, Exodus, Mycelium and Coinomi.
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.
- If you reside in Singapore, you can use Binance Singapore to purchase bitcoins really fast using Xfers.
- If you are in the European region try using Binance Jersey.
- Recently, Binance had also launched their dedicated platform for Australians as well called Binance Lite Australia. Now they allow Australians to Buy Bitcoin With Cash at Over 1,300 Stores.
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