How can I buy bitcoin directly without going through an exchange?

3 answers

• Dec 18, 2021 · 3 years ago
  One way to buy bitcoin directly without going through an exchange is through peer-to-peer (P2P) trading platforms. These platforms connect buyers and sellers directly, allowing you to purchase bitcoin from individuals without the need for an exchange. Some popular P2P platforms include LocalBitcoins and Paxful. You can find sellers who are willing to sell bitcoin for cash, bank transfers, or other payment methods. Just make sure to do your due diligence and choose reputable sellers with good feedback ratings.
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• Dec 18, 2021 · 3 years ago
  Another option is to use a Bitcoin ATM. Bitcoin ATMs are physical machines that allow you to buy bitcoin directly with cash or debit/credit cards. You can find Bitcoin ATMs in various locations, such as shopping malls or convenience stores. Simply insert your cash or card, provide your Bitcoin wallet address, and the machine will send the purchased bitcoin to your wallet. Keep in mind that Bitcoin ATMs may charge higher fees compared to exchanges, so it's important to check the fees before making a purchase.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a digital currency exchange, offers a direct purchase option for bitcoin. With BYDFi, you can buy bitcoin directly using your bank account or credit/debit card. Simply sign up for an account, complete the verification process, and deposit funds into your account. Then, you can place an order to buy bitcoin at the current market price. BYDFi provides a secure and convenient way to buy bitcoin without the need for a traditional exchange. However, it's always recommended to compare fees and features of different platforms before making a decision.
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