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In today’s digital landscape, one of the most popular cryptocurrencies is Bitcoin or BTC. Investing and trading this crypto comes with a lot of perks. Don’t be surprised to hear that some people have even made this their major business venture and are earning a living from it.
If you want to begin trading or investing in Bitcoin, your time is now. There are various ways that you can acquire Bitcoin. There are some individuals who prefer the online method of purchasing Bitcoin. But what method is most suitable for you right now? Save all the hassle and buy BTC for cash today using the following steps.
Find a Reliable Exchange to Buy BTC for Cash
Locating a trustworthy Bitcoin exchange shop or a crypto ATM in your area is the first step in buying Bitcoin with cash. Conveniently placed in public areas like airports, malls, and convenience stores, BTC ATMs are almost everywhere. To find the closest Bitcoin ATM to you, use smartphone apps or web listings.
If you are in Turkey or another country with crypto exchange shops, you can simply rely on various physical platforms such as NakitCoins and others to buy BTC for cash.
Verify Your Identity
A few Bitcoin platforms could ask you to provide identification before you can make a purchase. Usually, this entails giving a phone number for verification or scanning your official identification document and a few others.
Note that the requirements will depend on which method of transaction you have chosen. If required, be ready to go through this process in order to buy BTC for cash.
Initiate the Transaction
After you have chosen and verified your identity, the next step you take is starting the transaction. Choose how much Bitcoin you want to buy by following the instructions of a concierge at a crypto shop or on the screen of an ATM, then issue the appropriate amount of cash.
Provide Your Bitcoin Wallet Address
Now, this is a very important step that you need to note. Every time you buy Bitcoin or any other crypto, you must store it in a safe place. A Bitcoin wallet is just the place we are talking about. Ensure that you have one so that you can easily store your crypto here for security purposes when you buy BTC for cash.
If you do not have one, it’s simple to set it up with a reliable mobile app or web service.
Confirm and Complete the Transaction to Buy BTC for Cash
Before confirming, carefully review the transaction details. Once you’re happy, click “confirm transaction” on an ATM screen or let the concierge at a crypto shop know you are ready. Your purchase will be processed by the platform; depending on network congestion, this procedure could take several minutes.
Receive Your Bitcoin
After the purchase has been validated, the platform will issue a receipt serving as proof of purchase. Furthermore, the wallet address you previously specified will receive a direct delivery of the Bitcoin you ordered. Save your receipt securely for future reference.
Conclusion
Are you ready to buy BTC for cash today? Well, our article will always be available for review. Don’t forget to do enough research on the platform you are about to use before you make any purchase. This will ensure that you are using the best platform, thus reducing any chances of losing your BTC.
