The Best 5 Payment Methods to Buy Bitcoin

The level of interest around bitcoin has arguably never been higher. With the price of Bitcoin reaching record levels at the end of 2017 and many businesses choosing to adopt it as a payment option, it has taken huge strides towards the mainstream.

But just how do you get started in the world of bitcoin? Here we examine the best five payment methods to buy bitcoin.

1. Credit or debit card

With so many people having access to traditional banking services, you will not be surprised to hear that you can buy bitcoin by using a credit or debit card. If you have signed up to a bitcoin wallet, you can then use a bitcoin exchange to purchase the cryptocurrency using such cards.

2. Bank Transfer

Another of the best five payment methods to buy bitcoin is online transfer. This could prove to be an ideal payment option, particularly if you want to use funds that are in an account that you do not have a card for or it may help you avoid incurring fees on a specific card.

3. PayPal

PayPal logo
Paypal is one of the best 5 payment methods to buy bitcoin

Of course, a huge number of people have money stored in online services like PayPal so it should not be a huge surprise to hear that you can use it to buy bitcoin. Bitcoin exchanges do not always allow it though so you may need to turn instead to other avenues such as making use of a CFD provider like eToro.

4. ATMs

The thought of being able to buy bitcoin at an ATM might seem bizarre but it is now a reality. Several websites offer listings on where cryptocurrency ATMs can be found across the world and the machines offer you the chance to buy bitcoin and then transfer it into your wallet of choice.

5. Mining

Finally, a look at the best five payment methods to buy bitcoin would not be complete without a mention of bitcoin mining. Working on the blockchain technology that bitcoin is based on can lead to new bitcoins being released. It is technical work but, if you have significant computing experience, doing such work could be an ideal way to pay for bitcoin without parting with your own cash.

Range of options

The rise of bitcoin means that we have more options than ever before in terms of how to get our hands on the cryptocurrency. Regardless of which of the best 5 payment methods to buy bitcoin that you use, we can guarantee you are in for an exciting time.

 

 

Featured image source: Unsplash

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