In this day and age when bitcoin is booming you would expect it to be really easy to get your hands on some bitcoins, right? Wrong. The more popular this awesome crypto becomes the harder it seems for a first time user to get their hands on bitcoin.
How to buy bitcoin if you’re in a hurry?
There are so many different bitcoin exchanges and providers out there, so what might be the problem?
The largest and most popular places to obtain bitcoins are exchanges. This is all good when you’ve set your account up and got verified already. Not so good when you need to buy bitcoin fast. Right now a lot of bitcoin exchanges are struggling to keep up with the huge demand and it might take days, even weeks to get your account verified. Before you’ve done this, there is no way for you to buy bitcoin with a credit card for example.
As bitcoin prices fluctuate a lot, by the time that you’ve got your account verified the price might already not be the one you were looking to buy at.
What if you don’t want to buy using a credit card? What if you haven’t got one and have no way of obtaining it?
If you’ve been asking the questions above, many know how you feel. Bitcoin was supposed to be instant, free, for everyone. It very much started out like this but somewhere along the way something changed. Bitcoin promised to be something liberating, a value shared between people. Yet the big guys have come in and regulated the whole thing again.
Paxful — the Bitcoin marketplace for all
Paxful was born out of necessity. Two friends trying to buy and sell bitcoin online realised that there were all sorts of roadblocks. The deeper they looked into it they realized there was even a bigger problem for a vast amount of people. 2.5 billion people today have no access to financial services. Not because they choose to, they have restraints due to their credit ratings, their income or the part of the world they were born in.
Everyone should have a way to pay. There are so many cool things you can do and buy on the internet, yet many people can only dream of this. That is just not right. Yes, it might be something that in the grand scheme of things that may seem unimportant, like wanting that iPhone. It may also be something a lot more deep that can save lives, for example sending money to relatives at an area of conflict.
Bitcoin allows you to do this, and there should be no restrictions of entry.
You may quickly need bitcoin to pay for the things your bank won’t let you. In Nigeria for example people are limited to spending $100 per month by their banks. No authority should have the right to restrict people from using their hard earned money.
Or you may just want to make some use of the gift cards you’ve got from someone that are now gathering dust in your drawer (sorry, grandma). Almost any payment option you can think of is available to convert to Bitcoin on Paxful and vice versa.
Guest post by Liina Laas from Paxful.