Although the process of buying Bitcoin may seem a bit complicated for those new to the crypto-space, it is actually very simple. In this article, we will present the fastest ways to buy Bitcoin.
If you can’t wait and are ready to make a purchase and simply want to know how to buy Bitcoin quickly, use the exchange function below.
For a more in-depth analysis of the payment methods, you can use, keep on reading.
Fastest ways to buy Bitcoin within minutes
There’s a misconception that buying Bitcoin is difficult and requires extensive knowledge of the market. We’re here to debunk this myth and prove the contrary.
Before starting the process, make sure you have a Bitcoin Wallet. You will need to provide your wallet address in order to receive your coins.
Also, make sure you have an account on Paybis. If you haven’t done that yet, go ahead and sign up on our platform.
We are now ready to get started!
1. Digital Payment Systems
Digital wallets have become increasingly popular in the last few years. If you are looking for the fastest way to buy Bitcoin, they might be your answer.
Due to their infamous ability to exchange Bitcoin instantly, Paybis offers four different digital wallets as payment methods. These are:
By using these options, you will be able to acquire Bitcoin in less than 5 minutes. Here’s how:
Step 1 – Log in and start a new transaction
Choose one of the four different digital wallets that our exchange supports in the left column of the interface.
Next, from the right column, select your receiving currency – Bitcoin (BTC).
Step 2 – Select your spending currency and amount
Choose your currency from the options available.
Next, type in the amount you wish to spend. The system will show the amount you are expected to receive (in Bitcoin), and display the commission details below.
Once you are happy with your choice, click on “START TRANSACTION” to initiate the transaction.
Step 3 – Wallet details and Verification Process
At this point, you will need to enter your Bitcoin wallet address (public address).
Then, depending on the payment process you selected, you may be asked to fill in a form in order to pass the verification process.
Advanced Cash and Payeer do not require ID verification for purchases up to $10.000. As such, they are considered the fastest way to buy Bitcoin.
That being said, the verification process takes less than 5 minutes to complete. It is only necessary for your first transaction of a particular payment option.
Simply fill in the form, upload the required documents, tick both checkboxes and click on “CONTINUE” to proceed.
Step 4 – Payment
Once your ID is verified (if applicable) you will be redirected to your digital wallet payment page. Follow the instructions and complete the payment.
As soon as the payment goes through, your Bitcoin will be sent to your wallet. This shouldn’t take more than a few minutes as digital wallet transactions are almost instant.
2. Credit or Debit Card
Credit and Debit cards are one of the fastest ways to make online purchases and for a good reason.
Card payments are widely accepted and have even replaced cash in most developed countries. Transactions are fast, secure, and easy to go through.
For that reason, Paybis allows users to use their bank card to purchase Bitcoin and other cryptocurrencies. And all transactions are completed in just a few minutes.
Let’s check out how this works in practice:
Step 1 – Choose your Payment and receiving methods
Once you are logged into your account, pick the “Credit/Debit Card” option in the left column. Then, select the Bitcoin (BTC) option in the right column.
Step 2 – Choose your currency and amount
From this point onwards, the process is similar to the transaction method described previously.
Select your currency option, enter the amount you want to spend and start the transaction.
Step 3 – Wallet details and Verification Process
In this step, you will need to enter your Bitcoin wallet details in the designated field. Make sure you double-check this, as entering a wrong Bitcoin address may result in a loss of funds.
After that, you will need to verify your identity.
- Cryptocurrency purchases require that users verify their identity before completing their first transaction using a credit or debit card.
- It’s a fairly simple process that requires you to input some personal information and confirm them by uploading your ID document.
Fill in the form and follow the instructions to comply with the verification process. Then, check both boxes, ensuring you agree with our Terms and Conditions and click on “CONTINUE”.
Step 4 – Payment
Once your ID has been verified, you will be redirected to the payment page. Simply follow the instructions and complete the transaction.
That’s it! As soon as we receive your payment, your Bitcoin will be sent directly to your wallet. The whole process should take less than 15 minutes to complete.
3. Bank Transfer
If you don’t have a credit card or e-money wallet, there is a third option you can use.
Bank transfers may not be as fast as the two options described above, but they are a fool-proof method to buy Bitcoin.
You can use your bank account to purchase Bitcoin on Paybis in only a few steps.
- If you live in Europe, you can make a SEPA bank transfer, which allows for relatively fast transactions with low fees.
- These transactions take anywhere from 1 to 3 days to complete, and in most cases, you will receive your coins within 24 hours.
- To make a SEPA transfer on Paybis, visit this page.
- On the other hand, you can also use US bank transfers (WIRE). Some transactions may take a little longer to complete (1-5 days).
- However, most banks will process your payment in less than 24 hours.
- To make a US bank payment, click here.
4. Cash (Bitcoin ATMs)
For investors that value their privacy and have cold cash lying around, Bitcoin ATMs are a great way to buy Bitcoin quickly.
Most of the time, BTC ATMs do not require ID verification for Bitcoin purchases under $2000.
With cash transfers being pretty limited across European countries, converting it to Bitcoin might be a good idea.
Remember, unlike cash, Bitcoin is permissionless, so you can send it to anyone anywhere in the world, without any restrictions.
To start, head over to CoinATMRadar. Here, you will find all the registered Bitcoin ATMs placed on an interactive map.
This website will allow you to search ATMs by region and find the ones closest to you with the most affordable fees.
Just keep in mind that buying Bitcoin with cash has its own caveats.
While it may take just a few minutes to make a transaction, you will first need to visit the actual location where the ATM is placed.
5. P2P Exchanges (Escrow Services)
If you rather exchange Bitcoin directly with other users, you can use an escrow service.
LocalBitcoins is a peer to peer Bitcoin marketplace that facilitates over-the-counter trading of local currency for Bitcoin.
The website allows users to exchange BTC with one another using many different payment methods. Some of those methods are instant and take less than 5 minutes to complete.
Yet, to make use of such opportunities, you will need to find users that are online at that current moment.
One thing you need to remember is that, as of Oktober 2019, LocalBitcoins has a cap on unverified transactions.
Users can spend up to $1000 per year without verifying their identity.
If you wish to spend more, you will need to submit your personal document, a process that will add to the time required to complete your transaction.
Nonetheless, when looking for the fastest way to buy Bitcoin in smaller amounts, LocalBitcoins is a great option. Here’s how it works:
Overall, P2P platforms seem to be getting more attention. Currently, new p2p platforms are automating the matching process in order to make transactions even faster.
We can expect that this method will become even more popular in the years to come.
6. Gift cards
Gift cards are a great way to lower the burden of gift shopping. They allow the buyer to save time while providing value to the receiver.
In the case of buying Bitcoin, gift cards provide several hidden advantages.
- The first benefit is obvious – you get to convert an undesirable gift card into something much more valuable – Bitcoin.
- The second benefit is that exchanging gift cards for Bitcoin provides 100% anonymity in transactions. This means that you can buy gift cards for cash and directly swap their value for Bitcoin.
To go through this process fast, you can make use of Paxful.
This escrow service is similar to LocalBitcoins and allows users to choose from a wide variety of payment methods to buy Bitcoin quickly. Among them are also several gift card options.
So, what’s the catch? Well, once you visit the website, it becomes pretty obvious that, as a buyer, you will be getting the short end of the deal.
The fees imposed by users are pretty high. You should be paying a premium of at least 15% on top of the current BTC value.
This is a fairly steep price to pay, even for full privacy.
7. Writing a check
Another option, which may sound pretty unpopular, is buying Bitcoin with a check. Again, to go through this process as quickly as possible, Paxful comes to the rescue.
Even though writing checks isn’t that popular nowadays, it’s good to know that the option still exists.
Simply search for a seller that is willing to accept a written check in exchange for Bitcoin.
You can check out this video, to see how Paxful works:
Instant Bitcoin Purchase Options to Get Your Coins Fast
To wrap up, we can say that there is a wide array of options when it comes to buying Bitcoin quickly. There’s no reason to hesitate if you want to invest in the cryptocurrency market, as the process of buying Bitcoin has become easily accessible to almost anyone.
Here are the methods you can use:
- Digital Payment Systems
- Credit or Debit Card
- Bank transfer
- Cash (Bitcoin ATMs)
- P2P Exchanges (Escrow Services)
- Gift cards
- Writing a check
Choosing the best option might be a challenge, especially when it comes to beginners.
For the fastest way to buy Bitcoin, just select your preferred payment method in the widget below, enter your desired amount. In no time, you will be in possession of precious Bitcoins, the best performing asset of the past decade.
Frequently asked questions
If the payment limits are not high enough for me, can I buy smaller amounts from multiple exchanges?
Yes, you can. If you reach your limit of $1000 on an escrow exchange like LocalBitcoins, there are two solutions for you:
- You can verify your ID in order to increase your limits and enable you to buy more Bitcoin.
- Or if you do not wish to verify your ID, you can use Paybis exchange services. where you can purchase up to $10.000, using Payeer or Advanced Cash.
Which is the safest way to buy Bitcoin quickly?
The safest and fastest way to buy Bitcoin is by using an exchange like Paybis. Here, you won’t have to deal with other users that might scam you, but instead, you will be purchasing through an exchange with a proven track record.
Additionally, you won’t need to carry large amounts of cash in the open like you would have to when using an ATM.
Why does it take so long to receive my Bitcoin when making a bank transfer?
Most bank payments are completed within 24 hours. However, in some cases, transactions can take up to 5 working days to complete. This is because your funds need to pass through different fraud detection processes before they are sent to the recipient.
Another reason for these slow transfers is that banks often delay them purposefully, so they can earn profits on your money by trading or investing it during the transaction window.
Is there any bank that will allow me to buy Bitcoin without waiting so long?
Currently, there are no banks that allow for instant money transfers. Even the faster ones require a window of 24 hours for transactions to be processed.
However, for banks in the same country (for example a SEPA transfer form a German bank account to a German bank account), transactions can be completed in a matter of hours.
Which payment method has the lowest fees?
From all of the options we described in our post, digital wallets have the lowest fees. More specifically, purchases made with Payeer or Advanced Cash have 4,5% fees.
Which of the above options is the most private?
Cash transactions are the most private. As mentioned in our post, most ATMs do not require to verify your ID for Bitcoin purchases under $2000, some even allowing up to $5000.
Most of this information can be found on CoinATMRadar before you even make your way to the ATM.
You might have to verify a phone number in some cases, but as these can also be obtained without ID verification (prepaid cards), the process remains quite private.