Bitcoin is one of the dominant cryptocurrency and has been
around for decades. Due to this various individuals around have kept a significant
portion of Bitcoin.
Bitcoin can be bought from currency exchange platform, Bitcoin
ATM, and directly from Person.
Buying Bitcoin from a currency exchange platform and BitcoinATM requires a huge amount of fees. Further, some exchange platform report to the
concerned authority, which poses the risk of taxation.
Although buying directly from the person involves risks. There
are various websites available in assisting the buying of Bitcoin.
Buying Bitcoin from the person involves fewer commission fees. Further, Personal identity is kept secure.
Bitcoin
Marketplace for Person to Person
Some of the platforms which offer this service are
LocalBitcoins
This is one of the popular and most recommended websites to
buy LocalBitcoins. This is located in Finland. It was founded in the year 2012.
The users search for specific coins and methods of
payment. Depending on the location the availability of a given volume of currency and preferred
method of payment varies.
The official site claimed to be a fast and secure site. It has
the quick buy and sell options.
Some users required initial transection. It is safe to do
transection with the verified users.
BITQUICK
The user needs to do a cash deposit in the account before
buying Bitcoin on this Platform. This is often conserved as the fastest and safest Bitcoin
trading platform. Western Union, MoneyGram and other indirect transact is available.
Bitcoin-otc
Over the counter market, this place is considered a safe place to buy
Bitcoin.
Wall
of Coins
This is peer to Peer site, which allows the selling, and
buying of Bitcoin with ease.
This platform offers great service in connecting buying and
sellers.
Bitit
This is the France based cryptocurrency exchange platform. This
offers the opportunity to buy and sell the crypto.
Precaution
Anyone wishing to meet the person needs to arrange a location
in a public place. Further, adequate lucubration of the site is vital in
minimizing the dupe.
Summery
There are various ways to buy Bitcoin. Among them is
buying from individuals. There are various platforms that host the peer to Peer
buying and selling.
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