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Jessica Cruz
Jessica Cruz

Where Can I Buy Bitcoin Fast

MoonPay provides payments infrastructure for crypto, letting you buy and sell Bitcoin with a credit card. It is different from a Bitcoin exchange where you can swap Bitcoin and other cryptocurrencies.

where can i buy bitcoin fast

The number of decent Bitcoin-investing platforms available to Canadians is fairly limited as most international platforms do not welcome Canadians or do not offer them the same amenities as other platforms. So what is the best exchange to buy bitcoin in Canada?

You will discover more about the cryptocurrency world and jargon as you learn the best way to buy Bitcoin. First, you need to answer the following question: where can I buy Bitcoin, and how do I buy Bitcoin?

There are plenty of exchanges and ways to buy Bitcoin in 2023. Do you know how to choose the best exchanges to buy bitcoin? Some are better than others, and each of them has different characteristics.

Exchanges, especially the large ones, are required by law to only accept users who comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements. Such legal requirements are useful to prevent money laundering and funds being used to finance terrorism. This means that though one exchange may be one of the best ways to buy bitcoin, you do need to provide and verify your identity to do so.

Sometimes exchanges act like banks in regard to withdrawal limits. Your withdrawal limits will often be based on your level of identity verification. Still, some exchanges offer higher withdrawal limits than others and that makes them the best exchanges to buy bitcoin.

Arguably, this is one of the most critical factors on this list when you want to choose the best exchanges to buy bitcoin. Your exchange should carry insurance. What if the exchange goes down, is hacked, or the founder makes off with the money? Make sure to choose an exchange that protects you when deciding where to buy bitcoin online.

Takeaway: There are hundreds of exchanges from which you can buy bitcoin. In the end, you should choose your favorite option based on your country of residence and your personal preferences.

Credit/Debit CardInvesting in Bitcoin using your credit card is easy and fast. Easy because you don't need to get up (except maybe to get your card to read the numbers). Fast because it's like buying anything else with a credit card. Keep in mind the amount you can buy is relatively low (to prevent fraud), and the fees are high too (since credit card payments can be reversed and that's a risk for sellers).

CashCash is the only way to buy Bitcoin anonymously. Credit cards and bank accounts are linked to your identity. Cash isn't. Using cash at a Bitcoin ATM can be relatively quick and easy. So can buying from someone on LocalBitcoins, the most popular anonymous way to buy Bitcoin. But keep in mind that neither are insured, and fees vary greatly. Because of these factors, it is not the best way to buy bitcoin.

PayPalPaypal is surely the easiest way to buy Bitcoin -- even easier than your credit card. To buy bitcoin with Paypal, however, you will usually have to exchange Paypal money for cash or transfer money to your bank account, and use either of these methods. In this case, Paypal becomes the worst way to buy Bitcoin, quite frankly. The fees will be high, there is no anonymity, and it can take a long time.

The days of buying Bitcoin anonymously are dwindling. There was a time when people could go to Shapeshift or Changelly to purchase BTC anonymously. These days, governments have begun to crack down, enforcing KYC and AML laws on most bitcoin buying platforms.

The best way to buy Bitcoin anonymously now is to buy it directly from someone. You can do this by attending a Bitcoin meetup, if there is one in your area, and asking if anyone wants to trade -- or by searching through Localbitcoins for a seller with a solid reputation.

As long as you can buy Bitcoin legally in your country of residence, then you can buy it anywhere: personally from someone, on an exchange, or even earning it through work or through Bitcoin faucets.

If you want to buy cryptocurrencies other than Bitcoin with your credit card, the process is almost exactly the same. Just select the coin you wish to purchase from the dropdown menu at the top of this page when getting ready to buy. And be sure to provide an address for a wallet that supports that coin. Otherwise, the process is identical to buying bitcoin with a credit card.

To comply with Know Your Customer (KYC) and Anti Money Laundering (AML), major crypto exchanges will require you to provide photo ID and personal details before you can start buying/selling bitcoins on the platform.

"Buy it," the founder, CEO and chief investment officer of Morgan Creek Capital said on CNBC's "Fast Money" two days after the price of bitcoin plunged to its lowest level since June to $7,944.33. The popular cryptocurrency was down 5% at $8,054.94 on Thursday afternoon, according to Coindesk.

Buy Bitcoin & Ether safely using the fastest and easiest payment options in Canada. Interac e-Transfer is the ultra-popular choice when Canadians are looking to buy small or large amounts of crypto quickly. Pick one and click one!

Say goodbye to frustrating chatbots and automated responses. Talk to a real human for fast and personalized help with your crypto needs. Contact us via phone, text, email, or Facebook Messenger for the best customer service in Canada. Request a call-back and we'll get back to you ASAP.

Before creating, our CEO was operating in the Bitcoin space since 2014. He maintained a trusted 100% feedback score as a broker with 10,000+ trades on peer-to-peer platforms to over 3,000 individuals. Building on the success, he wanted to create a platform specifically for Canadians to better serve the buying needs in our country with fast and convenient payment methods.

Over the lifespan of, we have managed to become authorized merchants for Interac and Flexepin. Plus, we have stable banking with a Canadian financial institution where our funds are insured.

Prior to, our CEO was operating in the Bitcoin space since 2014. With a 100% feedback score as a broker and 10,000+ trades to over 3,000 individuals, he learned Canadians needed something better than the status quo. In 2016, launched to best serve Canada's Bitcoiners with superior customer service and fast transactions.

Coinmama has specialized in Bitcoin purchases through a credit card since 2013. They take a premium fee for their services, and you can buy up to $7,500 worth of Bitcoin per day with a fully verified Coinmama account. They provide a fast and reliable service with receiving Bitcoins instantly after your purchase confirmation. Coinmama support is typically pretty responsive.

Xcoins takes the speed of its service very seriously; The exchange actually promises to send your coins within 15 minutes of payment approval, or your next transaction will be free of fees. This makes Xcoin a good choice if you want to get your hands on some bitcoin quickly.

Disclosure: This post is not a guide on how to find the best deal to buy bitcoin or when to buy crypto. The aim of this article is to guide the beginner among those questions and possibilities and clear out the black box you never hear about, even after you are familiar with space.

When an investor wants to buy bitcoin, they have to ask themselves many questions: how do I get started? When should I buy? What method of payment should I use? How do I understand the fee structures and avoid hidden costs? How do I deal with the purchase process? Where should I store my bitcoin after the purchase?

With self-hosted services, crypto purchases go through the same process except that, in addition, the crypto needs to be delivered to you over the blockchain. It must be sent from wherever the liquidity is available to your wallet in order to be fully settled. The advantage with these services is that once the crypto is in your wallet, you can do with it whatever you want. No restrictions or tricks are necessary to move it around (as long as you have enough funds to cover the network fees).

Most services will simplify their fee structure by blending all these fees under one single fee. This however, is opaque for the buyer, (and often advantageous for the service) because the buyer cannot compare fees eye-to-eye between all the options and must wait until after the purchase to see the real fee spread. At times, only by comparing how much bitcoin was actually delivered can a buyer truly ascertain all the hidden costs. With so many moving blocks, this process can often feel overwhelming and even force buyers to think twice before adding bitcoin to their portfolio.

While buying bitcoin today can be as simple as logging into PayPal, where you buy cryptocurrency makes a difference. Some exchanges charge higher fees than others, and not every company selling crypto will transfer the assets to a crypto wallet under your own control. Instead, the company could hold it for you -- which may or may not be something you want.

The two buying options for beginners are crypto exchanges, such as Coinbase, or money apps, such as PayPal or Venmo. Exchanges require more know-how than money apps, but often charge lower fees and give you more control over your assets. If you don't want to take the time to learn about how to use a cryptocurrency exchange, you can just buy bitcoin on PayPal or Venmo.

With money apps like PayPal and Venmo, you can choose to buy only a few cryptocurrencies, such as bitcoin and ether. These assets are definitely more acceptable investments in the arena of mainstream finance -- but remember that almost all crypto comes with significant risk.

The financial industry continues to search for ways to integrate crypto into conventional investments. If you want exposure to the cryptocurrency market without immediately buying bitcoin, you have a couple options. 041b061a72


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