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Buying and selling cryptocurrency can be intimidating, especially for those who are new to the space. However, there are several easy and secure ways to invest in crypto. In this article, we'll explore the best ways to buy crypto, including using Cash App for Bitcoin, buying Ethereum through Paypal, the top cryptocurrencies from centralized exchanges, using Paxful for P2P transactions, and BTC ATMs for no KYC.
Bitcoin from Cash App
Cash App is a popular mobile payments app that allows users to buy and sell Bitcoin. To purchase Bitcoin through Cash App, simply tap the Bitcoin tab on the home screen, tap Buy BTC, select or enter an amount, and confirm the transaction. Cash App also makes it easy to set up auto-recurring Bitcoin buys. Note that there may be fees associated with buying and selling Bitcoin through Cash App.
Ethereum through Paypal
Paypal is a widely used payments platform that now allows its users to buy, store, and sell cryptocurrencies. This means that you can purchase Ethereum directly through Paypal. Simply log in to your Paypal account, select the cryptocurrency tab, and enter the amount of Ethereum you'd like to buy. Keep in mind that there may be fees associated with using Paypal to buy cryptocurrency.
Top cryptocurrencies from centralized exchanges
There are many centralized cryptocurrency exchanges available that allow investors to buy, sell, and trade various cryptocurrencies. Some of the most popular centralized exchanges include Binance, Coinbase, and Kraken. These exchanges typically require KYC (know your customer) and AML (anti-money laundering) compliance before you can purchase cryptocurrency. The costs, quality, and safety of these exchanges vary, so be sure to do your research before choosing an exchange.
P2P transactions with Paxful
Paxful is a peer-to-peer marketplace that allows users to buy and sell Bitcoin directly with other users. Paxful offers a wide variety of payment options, including bank transfers, online wallets, and even gift cards. Users can choose from a list of verified sellers to find a transaction that suits their needs. Keep in mind that P2P transactions carry some risk, so it's important to use caution and only transact with reputable sellers.
BTC ATMs
Bitcoin ATMs are a convenient way to buy and sell Bitcoin without needing to go through a centralized exchange. Many BTC ATMs operate with little or no KYC, making them a popular option for those who value privacy. To buy Bitcoin at a BTC ATM, simply scan your QR code, insert cash, and confirm the transaction. Keep in mind that BTC ATMs often charge high fees, so be sure to do your research before using one.
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