BTC is an abbreviation for Bitcoin, one of the most popular cryptocurrencies on the web today. Even with over 18 thousand different types of coins on the market today, BTC still leads with a high US dollar value of $29,427 as of today. Well, this is a big decline considering that Bitcoin hit an all-time high at $68,000 in September 2021. But it is good news for those who want to do USD to BTC instant exchange. It is time to buy and wait for it to shoot high again.
There are simple and secure ways to buy Bitcoin today now that technology has really evolved, and this article will mention the most popular options that anyone can try. If you are interested in trading and want to know more then i have some good quality cryptocurrency trading sites where you can learn everything.
Also Read: Factors That Cause Bitcoin Price Explosion
Through CEX Platforms
What are CEX platforms? These are centralized exchanges managed by financial companies. They provide liquidity to their businesses so that interested crypto investors many perform USD to BTC instant exchange. As soon as you place an order to buy crypto coins, the process takes a fraction of a minute if there are no other delays.
But CEX charges for their operations. You can check the cost of doing USD to BTC instant exchange on popular exchanges such as Nakitcoins, Coinbase, and Binance. The good thing is that most of them charge fairly, making it worth buying Bitcoins.
Through DEX Platforms
What are DEX platforms? These are decentralized exchanges designed to provide an alternative to CEX platforms. They do not have a middle entity, so, they connect crypto sellers and buyers to conduct business as they wish.
So, how can you do USD to BTC instant exchange when you have to wait to be matched to an interested seller? Is it even possible? If you use the popular DEX platform, there are many investors who are ready to transact as soon as you place your order. The other benefit of using such platforms is that they charge less since there is no broker in the middle.
Through BTC ATMs
What are BTC ATMs? These are automated machines that provide crypto services to investors without the need of visiting the web. They are located in various spots in major cities around the world and managed by big financial companies.
To do USD to BTC instant exchange, you need to have the cash ready before walking into the machine. It also takes a short time to complete the transaction and you will have your crypto coins in your digital wallet instantly. However, it is advisable that you confirm the transfer’s success before leaving the machine booth.
Through Individual Sales
Can you imagine doing USD to BTC instant exchange through a friend? It is an easy process where you give the seller the money and they will transfer Bitcoins to your digital wallet. However, it carries a lot of risks if you do not know the person you are dealing with. So, avoid picking sellers on unverified platforms.
With all of these options, it is easy to USD to BTC instant exchange at any time. The most important thing is to check well and assess the cost-benefit analysis of each platform before buying.