In 2009 Bitcoin was created by Satoshi Nakomoto ever since the popularity and growth of Bitcoin has seen an increase. There are several ways to buy Bitcoin either using Bank account, Credit card, Gift card and Bitcoin ATMs.

 

Bitcoin is quickly becoming one of the most valuable assets on the market. In this article, I would explain how you can buy Bitcoin safely and store it in your wallet in 2021, so let’s begin.

Best ways to buy Bitcoin
Peer to Peer exchange

Peer-to-Peer exchange

A peer-to-peer exchange is an exchange that allows users to exchange cryptocurrency using the secure method escrow. The fund is stored in escrow and it is later released when payment is fully received either by bank transfer. Peer – to – Peer exchange is a popular method to buy Bitcoin without the need for a Credit Card.

Best peer to peer exchange

Localbitcoins.com: Best for fast transaction
Remitano: Best for having multiple cryptocurrency
Binance P2P: Best for beginners
Paxful: Best for trading gift cards

Localbitcoins.com

Localbitcoins.com is one of the most popular Bitcoin peer- to peer exchange. They support more than 200 countries and has active traders. To start trading with localbitcoins.com you would need to register an account, select the amount you want to trade, choose the person you want to trade with, and begin trading. After sending or receiving your payment you can click “I have paid” then your payment Bitcoin would be received once it is verified.

What we like

  • The transaction is protected by excrow to prevent fraud
  • Low withdrawal fee

What we don’t like

  • KYC is required to purchase more than $1000 worth of Bitcoin

Remitano

Reminato is very similar to Local.bitcoin.com, it’s a peer-to- peer marketplace that allows users to trade cryptocurrency safely. The site uses an escrow system to make sure that every transfer is safe and won’t turn fraudulent. What makes Remitano different from localbitcoins.com is its ability to support multiple cryptocurrencies: Bitcoin Ethereum Tether Litecoin Bitcoin Cash Ripple.

What we like

  • Multiple cryptocurrency is supported making it a great place to buy cryptocurrency.
  • Escrow is available to protect transactions.

What we don’t like

  • Low available of sellers as in some countries they are few sellers.

Binance P2P

Binance P2P was recently created. It was created in 2020 and now one of the most popular Peer-to-Peer exchanges on the market. Your Binance P2P account is linked with your Binance account enabling anyone to begin trading quickly. Binance P2P also supports multiple cryptocurrencies which includes: BTC, USDT, ETH, BNB, EOS, and BUSD.

What we like

  • Multiple cryptocurrency supported.
  • Supported in almost every country.

What we don’t like

  • KYC is required to trade.

Paxful

Paxful is also a popular alternative to Localbitcoin.com, its a peer to peer platform that allows a trader to exchange Bitcoin for Bank transfers, Gift Cards, and more. Paxful has a $1000 limit in other for you to increase the limit you would have to pass through KYC.

What we like

  • Multiple payments methods
  • Available in almost all countries.

What we don’t like

  • KYC is required to trade cryptocurrency worth more than $1000.

How to buy Bitcoin with a credit cardA credit card is the best way to buy Bitcoin in 2021. They are many platforms that support the ability to Buy not just Bitcoin but other Cryptocurrency using credit. The list below shows the site that allows users to Buy Bitcoin with a credit card.

Best place to buy Bitcoin with credit card

  • Binance: Best for beginners
  • Coinmama: Best for quick trades
  • Cex.io: Best for credit card transactions
  • Coinbase: Best overall
  • PayPal: Best for instant trade
  • Bitcoin ATM: best for trading outdoor

Binance

Binance is a cryptocurrency exchange that also supports the purchase of Bitcoin or other Cryptocurrency with a credit card. To buy Bitcoin using Binance you must first register an account and also note that you would need to pass through KYC verification to get it working.

What we like

  • Fast deposit and transfer
  • Multiple cryptocurrency available to choose from

What we don’t like

  • KYC is required to start a trade for the first time

Coinmama

Coinmama is also also a great option for Bitcoin and other Cryptocurrency in the market. Coinmama supports multiple currencies and has a great affiliate program for anyone to join.

What we like

  • Its beginner friendly
  • Low min buy amount

What we don’t like

  • High transaction fee

Cex.io

Cex.io is also a great option to buy Bitcoin with the credit they support multiple. The website is user friendly and even a user new to Bitcoin can quickly buy Bitcoin in minutes.

What we like

  • Easy to use system
  • Good support team

What we don’t like

  • High transaction fee

Coinbase (the US only)

Coinbase.com is so far one most popular wallets in the crypto world. Coinbase also supports buying Bitcoin and crypto-currency using credit/debit cards. Coinbase also has an affiliate program that rewards $10 per valid referrals.

What we like

  • Low transaction fee
  • Good support
  • Multiple cryptocurrency is supported

What we don’t like

  • Its not available in many countries

Bitcoin ATM

Bitcoin ATMs are not in every country but it’s one of the best ways to Bitcoin with your credit card in a physical location. To locate Bitcoin ATMs near you, you can simply search “Bitcoin ATM near me” on Google.

What we like

  • Fast transaction

What we dont like

  • KYC is required

PayPal

PayPal recently integrated Bitcoin with its system but only US residents can easily Buy Bitcoin within Paypal. Although you can use Local.bitcoin.com or Paxful.

What we like

  • Fast transaction on trades

What we don’t like

  • Only supported in the United States
  • High transaction fee

What is Bitcoin?

Bitcoin is a digital currency that allows anyone to send it peer to peer from anywhere in the world at any time. A Bitcoin transaction is decentralized and is not controlled by any government institution. Bitcoin was created by Satoshi Nakomoto in 2009 and since then, their have been many cryptocurrencies to hit the market.

What is a Bitcoin wallet?

A Bitcoin wallet allows a user to send and receive Bitcoin from any part of the world. A Bitcoin wallet includes its Private key and its public address. The Private Key can be used to access the funds in the wallets and that why it should be stored safely. The Bitcoin Address can be used to receive payment from a sender.

Conclusion

Bitcoin is one of the fastest-growing cryptocurrencies in the world. Now Bitcoin can be easily bought using different methods unlike years ago, so what are you waiting for use the method above to buy some Bitcoin!