Nowadays, buying bitcoin or any other crypto coin is very simple. As a result, more people are now investing their cash into cryptocurrencies. However, this wasn’t the case ten years ago. Back then, people thought that cryptocurrencies were a get-rich-quick scheme to fleece people of their money.
Bitcoin was launched in 2009. At the time, 1 BTC was valued at $1 USD. If, in 2009, you searched for bitcoin cash deposit locations on the internet, you wouldn’t get as many listings as you would today. However, even though it was cheap, only a few people took the risk and invested a few USD in it. Fast forward to 2020 and the value of bitcoin has grown to up to $40,000 USD.
History of Bitcoin and Cryptocurrencies
As mentioned earlier, Bitcoin was launched back in 2009. It was the only crypto coin at the time. It was developed by Satoshi Nakamoto alongside a team of other developers. Crypto coins are built on top of blockchain technology.
The idea behind crypto coins was to create a decentralized digital currency. These days, you can easily find a bitcoin store locator as more businesses accept payment in the form of BTC. Besides that, online transactions using crypto coins are cheaper and faster compared to using fiat currency.
How to Buy Bitcoin Near Me: Exchange Accounts
Exchange accounts are websites where you can buy bitcoin or any other crypto coin. Most exchange websites, such as Nakitcoins, allow account owners to purchase crypto using their credit or debit card. If you’re new to crypto exchange, we would advise you to
You need to register for an account first. For that, you will only require an email address. After you sign up for an account, you can then add your mode of payment. Exchange accounts will accept credit or debit cards. You can google “sell bitcoin for cash near me” to find some of the best exchange websites available.
Some exchange accounts will require you to verify your account. For example, you will be required to upload your ID card or driving license as proof of identity. However, if you’re using Nakitcoins, you will only need to prove your identity when completing transactions.
You can also buy bitcoin from a bitcoin ATM near you. Similarly, more businesses are now accepting payments in the form of crypto coins instead of fiat currency. So if you search for a bitcoin store locator, you will come across stores or shops in your area that accept BTC payment.
Bitcoin ATMs work in a similar way to regular cash ATMs. However, they are linked to your crypto wallet instead of a bank account. You can purchase bitcoins from a bitcoin ATM using fiat currency such as USD or Euros.
The ATMs are like bitcoin cash deposit locations. You will find Bitcoin ATMs in most major cities and towns worldwide.
It is much easier to purchase bitcoin or any other altcoin of your choice using Bitcoin ATMs or exchange websites. Always ensure that you do enough research about the crypto market before investing your money.