Bitcoin has now been a regular part of mainstream media this year. It’s reached a lot of the commoners as well. Though it sounds really fantastic, it is not really easy to get your hands on a few bitcoin, yet. It is harder to get some for you than it seems on the outset, especially when you are starting out.
So, how can you buy bitcoin immediately?
The largest and the most common places to get yourself some bitcoin is through the exchanges. However, you need to set your account up, send in the required documents and get yourself verified before that. Not suited for those immediate transactions. As of now, there is a lot of demand and it might take weeks to get yourself verified at an exchange.
As bitcoin’s prices are very volatile at the moment, by the time you get your account verified, the price might have reached new heights. There is this other problem of payment options as well. If you don’t like using your credit card to buy bitcoin, what other alternatives do you have?
If these are the questions bothering you, then we have a solution for you. Bitcoin was created to be fast, barrier free, and for everyone to use. One of it’s purpose is to provide barrier free banking to everyone on the planet. The critical idea behind bitcoin is that you are not supposed to depend on a central authority, yet the most used ways to get a bitcoin are all dependent on middleman again.
Paxful is the answer to these problems. They have made bitcoin transactions safe again by providing an escrow service of sorts. The funds are kept safe until the buyer and seller have completed the trade and released into the buyer’s wallet, much like a traditional escrow.
Ideally, everyone should be able to buy bitcoin and sell them as well. There is so much potential for what you can achieve with bitcoin. You can do anything between getting that new iPhone for yourself to sending money to your relatives stuck at an area of conflict, somewhere in the world.
Bitcoin enables us to do just that, and there shouldn’t be any restrictions that keep us away from achieving exactly that. Paxful was created by people, for people, creating the more egalitarian banking system possible. These barrier free entry models are sometimes perceived as evil and are only used by those who are up to no good. However, the truth can’t be farther away from that.
In Nigeria for example banks limit people to spending only a fixed amount of their money per month. It would seem very weird for you that someone can decide how you can or cannot spend the money that you earned by working hard day and night. However, that’s the ground reality. Paxful eliminates problems such as these.
Other use case scenarios would be making the most of those gift cards lying around at your home, which you’ve got from someone and haven’t really got to using it. With Paxful, you can buy bitcoin with giftcards and use almost every type of payment option you available on the face of the planet (more than 300 of it) to convert to bitcoin and vice versa.
It doesn’t matter if you’re looking to purchase bitcoin or sell or make a career out of it, you can do it fast without having to wait for a long time to get yourself verified on an exchange.
I hope this article was useful for you to learn more about how you can get bitcoin for yourself or for others fast and easy. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Do you have any other reservations against getting yourself some bitcoin? Are you invested on any of these technologies? Let us know through the comments.
Article by Vishal
Meet Vishal Gaikar, the tech wizard hailing from Pune, India, who's on a mission to decode the digital universe one blog post at a time. When he's not tinkering with gadgets or diving deep into the digital realm, you can find him concocting the perfect cup of chai or plotting his next adventure. Follow his tech escapades on Twitter and buckle up for a wild ride through the world of innovation and geekery!
