{"id":3752,"date":"2020-05-13T11:10:26","date_gmt":"2020-05-13T11:10:26","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=3752"},"modified":"2024-04-10T12:48:52","modified_gmt":"2024-04-10T12:48:52","slug":"how-to-buy-xbt","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/how-to-buy-xbt\/","title":{"rendered":"How to buy XBT – The 7 Fastest Methods"},"content":{"rendered":"

Although investing in crypto may seem a bit complicated, it is actually very simple. In this article, we will show you how to buy XBT in a few simple steps.<\/span><\/p>\n

For those that are relatively new to the crypto space, XBT stands for BTC<\/strong>. Big trading platforms may use the term XBT to showcase trading pairs or wallet addresses that are related to the most popular cryptocurrency in the market.<\/p>\n

How to buy XBT within minutes<\/span><\/h2>\n

There\u2019s a misconception that buying XBT is difficult and requires extensive knowledge of the market. We\u2019re here to debunk this myth and prove the contrary.<\/span><\/p>\n

Before starting the process, make sure you have a <\/span>BTC Wallet<\/span><\/a>. You will need to provide your wallet address in order to receive your coins.<\/span><\/p>\n

Also, make sure you have an account on Paybis. If you haven\u2019t done that yet, go ahead and <\/span>sign up<\/span><\/a> on our platform.<\/span><\/p>\n

We are now ready to get started!<\/span><\/p>\n

1. Credit \/ Debit Cards<\/span><\/h2>\n

Credit and debit cards are one of the fastest ways<\/strong> to make online purchases and for a good reason<\/span>. If not the most popular, it is certainly the option that is currently trending on most exchanges worldwide. Not only is it the easiest way – we all have credit cards – but it is also the option users are most familiar with.<\/p>\n

On Paybis, users can pay with their bank card to purchase XBT and other cryptocurrencies. This particular method has several benefits:<\/p>\n

    \n
  • No fees for your first transaction<\/li>\n
  • Several currency options<\/li>\n
  • Support for both VISA and Mastercards<\/li>\n<\/ul>\n

    Here’s how the process works:<\/p>\n

    Step 1 – Head over to the transaction panel and select the trading pair.<\/span><\/h3>\n

    \"how<\/path><\/svg><\/a><\/picture><\/p>\n

    Visit Paybis<\/a> and select your payment and payout method. If you are buying XBT, the trading pair will be preselected. Feel free to adjust the payment method in case you wish to pay with a different currency.<\/p>\n

    Step 2 – Enter the amount you wish to exchange and start the transaction<\/span><\/h3>\n

    \"second<\/path><\/svg><\/a><\/picture><\/p>\n

    Step 3 – Verify your account<\/span><\/h3>\n

    Next, if you are a new user, you will need to verify your ID. Start by entering your full name and date of birth.<\/p>\n

    \"verification\"<\/path><\/svg><\/a><\/picture><\/p>\n

    Next, add your billing address and location to proceed.<\/p>\n

    \"verification<\/path><\/svg><\/a><\/picture><\/p>\n

    Finally, upload a copy of your preferred ID document and click on Submit.<\/p>\n

    \"how<\/path><\/svg><\/a><\/picture><\/p>\n

    At this point, you will need to wait for a few minutes. Our team will go through your submissions and determine your eligibility to complete the transaction.<\/span><\/p>\n

    Once your account is verified, enter your wallet address (<\/span>public address<\/span><\/a>) and follow the on-screen instructions to proceed to the payment page.<\/span><\/p>\n

    Step 4 – Payment\u00a0<\/span><\/h3>\n

    You will now proceed to the payment page. Follow the instructions and enter your card’s details to complete the payment.\u00a0<\/span><\/p>\n

    As soon as the payment goes through, the XBT will be sent to your wallet.<\/span><\/p>\n

    2. Digital Payment Systems<\/span><\/h2>\n

    Digital wallets have become increasingly popular in the last few years. If you want to know how to buy XBT using non-conventional methods, this might be your answer.\u00a0<\/span><\/p>\n

    Paybis offers four different digital wallets as payment methods. These are:<\/span><\/p>\n

      \n
    • Skrill<\/span><\/a><\/li>\n
    • Neteller<\/span><\/a><\/li>\n<\/ul>\n

      By using these options, you will be able to acquire XBT in less than 5 minutes. Here\u2019s how:<\/span><\/p>\n

      Step 1 – Log in and start a new transaction<\/span><\/h3>\n

      \"How<\/path><\/svg><\/a><\/picture><\/p>\n

      Choose one of the four different digital wallets that our exchange supports in the left column of the interface.<\/span><\/p>\n

      Next, from the right column, select your receiving currency – BTC. The option should be preselected when you log in.<\/span><\/p>\n

      Step 2 – Type in the amount you want to spend and start the transaction<\/span><\/h3>\n

      \"select<\/path><\/svg><\/a><\/picture><\/p>\n

      Choose your currency from the options available.<\/span><\/p>\n

      Next, type in the amount you wish to spend. The system will show the amount you are expected to receive (in BTC value). Since this is your first transaction, you will not have to pay any fees!<\/span><\/p>\n

      Once you are happy with your choice, start the transaction.<\/span><\/p>\n

      Step 3 – Verification Process<\/span><\/h3>\n

      The verification process is identical with the steps you need to follow when paying with your bank card. A simple, basic verification is all that is needed, to qualify your account for high payment limits.<\/p>\n

      Step 4 – Payment\u00a0<\/span><\/h3>\n

      The actual payment process looks different, as compared to the previous option. As soon as your wallet address is entered, you will be redirected to your digital wallet’s secure payment page. Follow the instructions and complete the payment there.\u00a0<\/span><\/p>\n

      As soon as the payment goes through, the XBT will be sent to your wallet. This shouldn\u2019t take more than a few minutes as digital wallet transactions are almost instant.\u00a0<\/span><\/p>\n

      3. Bank Transfers<\/span><\/h2>\n

      If you don\u2019t have a credit card or e-money wallet, there is a third option you can use.\u00a0<\/span><\/p>\n

      Bank transfers may not be as fast as the two options described above<\/strong>, but they are a fool-proof method to buy XBT.<\/span><\/p>\n

        \n
      • Most banks will process your payment in less than 24 hours.<\/span><\/li>\n
      • To make a transaction where bank payment is the preselected payment method, <\/span>click here<\/span><\/a>.<\/span><\/li>\n<\/ul>\n

        4. Cash (XBT ATMs)<\/span><\/h2>\n

        \"bitcoin<\/path><\/svg><\/a><\/picture><\/p>\n

        For investors that value their privacy and have cold cash lying around, ATMs are a great way to buy XBT quickly.\u00a0<\/span><\/p>\n

        Most of the time, BTC ATMs do not require ID verification for purchases under $2000.\u00a0<\/span><\/p>\n

        With cash transfers being <\/span>pretty limited<\/span><\/a> across European countries, converting it to XBT might be a good idea.\u00a0<\/span><\/p>\n

        Remember, unlike cash, XBT is permissionless, so you can send it to anyone anywhere in the world, without any restrictions.\u00a0<\/span><\/p>\n

        To start, head over to <\/span>CoinATMRadar<\/span><\/a>. Here, you will find all the registered crypto ATMs placed on an interactive map.\u00a0<\/span><\/p>\n

        This website will allow you to search ATMs by region and find the ones closest to you with the most affordable fees.\u00a0<\/span><\/p>\n

        \"Bitcoin<\/path><\/svg><\/a><\/picture><\/p>\n

        Just keep in mind that buying XBT with cash has its own caveats.\u00a0<\/span><\/p>\n

        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.\u00a0<\/span><\/p>\n

        5. P2P Exchanges (Escrow Services)<\/span><\/h2>\n

        \"localbitcoins\"<\/path><\/svg><\/a><\/picture><\/p>\n

        LocalBitcoins<\/span><\/a> 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.<\/span><\/p>\n

        Yet, to make use of such opportunities, you will need to find users that are online at that current moment.\u00a0<\/span><\/p>\n

        One thing you need to remember is that, as of Oktober 2019, LocalBitcoins has a cap on unverified transactions.<\/span><\/p>\n

        Users can spend up to $1000 per year without verifying their accounts.\u00a0<\/span><\/p>\n

        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.<\/span><\/p>\n

        Nonetheless, when searching for how to buy XBT in smaller amounts, LocalBitcoins is a great option. Here’s how it works:<\/span><\/p>\n