If you want to buy and send btc usd instantly, you need to find a crypto exchange that can verify your identity. You can then deposit cash or use a credit card to complete the purchase.
There are a few options available, but they all have their pros and cons. Some are cheaper than others, and some offer better customer service.
1. Cryptocurrency exchange Coinmama
Coinmama is a popular and beginner-friendly exchange that allows users to buy and send bitcoin instantly using credit cards. The service has a wide range of payment options, including Apple Pay, and it allows you to buy up to 30,000 USD in crypto at once.
Unlike other exchanges, Coinmama does not hold your coins on its servers, instead sending them directly to your private wallet address. This means that you’ll never have to worry about losing your funds if the exchange is hacked.
They also offer a loyalty ranking that separates customers by the amount of money they have invested on the platform, with higher deposit limits leading to better fees and customer support.
As a Financial Services Business, they require verification to make sure their clients are legitimate. This is followed by Know Your Customer (KYC) and anti-money laundering procedures.
2. Cryptocurrency exchange Paxful
Paxful is a peer-to-peer exchange platform that allows buyers and sellers of cryptocurrencies to transact with each other directly. The buyer deposits cash through prepaid VISA, Gift Card Code or Western Union to the seller’s account and then the seller releases Bitcoin to the buyer immediately after confirming receipt of funds from Paxful’s escrow service.
To purchase bitcoin, users must first create an account on Paxful. This process is straightforward, requiring only basic information like name, email address, and phone number to be verified.
Once the registration is complete, users can start searching for offers that suit their needs and preferences. The platform also allows users to filter results based on price, payment method, and reputation.
As with any buying experience, there are some common pitfalls that buyers may encounter when using Paxful. These include avoiding scams and getting an offer that fits their budget. However, these can be easily avoided with a little patience and good communication skills.
3. Cryptocurrency exchange Bybit
Bybit https://www.bybit.com/en-US/ is an American-based cryptocurrency exchange platform that allows you to buy and send all sorts of cryptocurrencies, including Bitcoin. You can also use it to convert your crypto holdings to other currencies or to transfer them to another account.
The company has an easy-to-use interface and is free for most users. It provides tools to help you learn about cryptocurrencies, track your portfolio, and monitor market trends.
You can also stake coins on Bybit to earn interest. However, there are a few drawbacks to this option.
For one, if you have a Bybit account and lose your wallet, it may be difficult to recover your funds. That’s because Bybit stores most of customers’ funds offline in cold storage.
The company also has a robust insurance policy, but it doesn’t cover losses from theft or hacking. That’s why it’s important to be aware of the risks involved with crypto investment.
4. Cryptocurrency exchange LocalBitcoins
LocalBitcoins is a peer-to-peer trading platform that allows you to buy and send Bitcoin instantly from other users. It’s free to use and you can search by location, payment method, and more.
The trades are processed using an escrow system to ensure your funds are secure and protected from scammers. Once you complete a transaction, your Bitcoins will be released and available in your LocalBitcoins wallet.
To start a trade, simply find a seller that you’re interested in, and then send them a message with your request for a trade. Once you receive a response, agree to the terms and send your payment information.
LocalBitcoins also has a reputation system and feedback mechanism to help you distinguish legit traders from shady ones. It also offers an escrow service and a conflict-resolution service to resolve any misunderstandings.