It has been over a decade since Bitcoin was first introduced, but it is still as popular as it has ever been. Several other digital currencies have since been introduced, but Bitcoin remains the most popular crypto. As a result, crypto enthusiasts looking to invest in cryptocurrency mostly choose Bitcoin because of its established track record.
Buying bitcoins (BTC) can seem challenging, especially considering the various methods you can use. It is especially confusing when you are doing it for the first time. One way that is becoming increasingly popular is buying BTC with cash. This option is popular because it is instant and guarantees a great deal of privacy.
Converting USD to BTC is not as difficult as many people believe it to be as long as you understand the various options you can use, the steps needed, and the requirements. You will likely need to have a crypto wallet that supports Bitcoin because some crypto exchanges will require one.
If you wonder how USD to BTC conversion works, we will provide a detailed guide in this article.
Convert USD to BTC instantly using crypto exchanges
Crypto exchanges are the commonly used platforms to acquire Bitcoin or any other digital currencies. Exchanges are the go-to option when you need to buy digital currencies because they are safe, quick, and support a wide range of payment options. There are several exchanges out there, with NakitCoins being of the few reputable exchanges that allow you to do an instant USD to BTC conversion.
Instead of scheduling a meeting with someone you do not know while carrying a large amount of cash with you, you can pop in into any NakitCoins offices or one of their agents and buy bitcoins with cash. This option is safe, instant, and keeps your details private. All you need to do is create an account (this will require an email address). You can then deposit funds into this account which will be converted to bitcoins. You can buy with cash at Nakitcoins at a very affordable fee.
Convert USD to BTC using peer to peer platforms
Peer-to-peer exchanges allow you to convert Bitcoin to USD instantly and also convert USD to Bitcoin. These platforms are also widely used options, as they account for a large percentage of Bitcoin’s daily trading volume. One of the most popular peer-to-peer platforms where you can contact a Bitcoin seller is LocalBitcoins.
This platform allows you to find Bitcoin sellers (or buyers) near you, and then you can do an instant BTC to USD conversion (or the other way round). While this option is also quick and guarantees some privacy, it is risky, especially if you arrange a meeting for a physical exchange. To ensure you are safe, arrange the meeting in a public place and have someone accompany you.
Convert USD to BTC using Bitcoin ATMs
Crypto ATMs are perhaps one of the greatest innovations that enable crypto investors to make an instant BTC to cash conversion or convert Bitcoin to USD instantly globally. Here you can deposit your cash and an equivalent amount of Bitcoins will be deposited into your wallet.
You will be required to enter a Bitcoin address where the bitcoins will be deposited to ensure you have the correct details. The only challenge with Bitcoin ATMs is that they are not available in all regions. You can use CoinATMRadar to locate a Bitcoin ATM near you.
