Over the years, the popularity of Bitcoin has increased significantly as people have come to appreciate its benefits. It has also become necessary for people to be able to buy and sell Bitcoin instantly to take advantage of various opportunities that may arise.
Because using traditional crypto exchanges may mean it takes some time before you close a crypto transaction, you need to have an idea about some of the ways you can buy and sell Bitcoin instantly. In this piece, we look at some of the ways you can trade your digital coins instantly.
Reasons to buy and sell Bitcoin instantly
Here are some reasons people may need to buy and sell Bitcoin instantly
· To meet emergency cash needs– bitcoins are easy to liquidate so those who need quick cash can trade them to get some
· To take advantage of price movements– people may want to buy BTC instantly when the price dips and wait to sell when the price appreciates
· To invest quickly– some people want to invest immediately without having to wait for traditional markets to open or for funds transfers to go through.
· To avoid losses – if you have reasons to believe the price of BTC will drop, you can sell instantly to avoid losses
Ways to buy and sell Bitcoin instantly
Below are some of the ways you can use to buy and sell Bitcoin instantly:
Crypto exchanges
You can use various platforms to buy and sell Bitcoin quickly, either from other traders or from the exchange directly. The online platforms have “instant buy/sell” options and allow users to use credit or debit cards to buy BTC for a fixed price. There are also some exchanges that operate physical offices where you can walk and buy or sell Bitcoin instantly in a safe and secure environment.
Bitcoin ATMs
Bitcoin ATMs are another option that you can consider if you want to buy or sell Bitcoin instantly. These machines are found in various high-traffic locations and offer users convenience because they can buy or sell BTC at any time.
One of the benefits of using Bitcoin ATMs (BTMs) to buy or sell Bitcoin instantly is that they allow users to use cash for their transactions, which is appealing to those who would like to avoid linking their cards or bank accounts. Also, some Bitcoin ATMs let users make small transactions without requiring ID verification and this offers some anonymity not possible with exchanges.
On the other hand, Bitcoin ATMs have some downsides such as higher transaction fees compared to some of the other methods. It may also be challenging to find a Bitcoin ATM close to where you are, and you cannot make larger transactions using this method as it means lower limits.
Peer-to-peer (P2P) platforms
You can also buy and sell Bitcoin instantly using P2P platforms like Paxful and LocalBitcoins which help to connect buyers and sellers so they can agree on terms and trade directly. While this method gives you more control over the exchange rates and mode of payment, it may take longer to find a counterparty for your transaction. Also, you must have cautionary measures in place to avoid being scammed. For example, it would help to use escrow services.
Conclusion
Some of the ways you can buy and sell Bitcoin instantly include crypto exchanges, Bitcoin ATMs, and P2P platforms. As you choose any of the methods, consider the fees, security, payment options, and other things.
