With more people than ever now embracing Bitcoin, you may now want to make your own investment in the leading cryptocurrency. However, you will first need to know how to buy Bitcoin initially and also how to withdraw instantly in your preferred currency, such as USD, Turkish Lira, or any other fiat to spend the money.
You also can do this to liquidate some of the profits by cashing out your Bitcoin—or just to have the money in your preferred fiat currency to spend where BTC and other cryptos are not accepted.
Here are some ways you can use to buy bitcoin and withdraw instantly:
Use Bitcoin ATMs
Most likely you are well used to using a conventional cash ATM to withdraw cash from your bank account. A Bitcoin ATM is similar to these cash dispensing machines, but instead of being used to access your bank accounts, it is connected to the internet to allow users to buy and sell Bitcoin.
You can easily buy Bitcoin using a Bitcoin ATM. All you need is to locate the nearest machine to you, visit it and buy your BTC by following some simple steps.
If you want to cash out your BTC fast, you can also use some of the Bitcoin ATMs to do so. The automated machines offer great convenience when you want to buy BTC or withdraw your investment instantly.
However, Bitcoins ATMs attract higher fees than most of the other options, so you should consider if it is a viable option for you.
Use crypto exchanges
Using cryptocurrency exchanges is another way you can buy Bitcoin and withdraw instantly. So, what are cryptocurrency exchanges? These are marketplaces, especially online ones, where crypto enthusiasts and users can transact in digital currencies conveniently.
There are two types of crypto exchanges known as custodial and non-custodial exchanges. The difference is whether a platform holds the private keys that allow access the digital assets.
For the platforms that keep custody of their users’ coins, you can use the “buy/sell” button to buy Bitcoin and withdraw instantly when you want.
Other crypto exchanges operate offices where users can walk in, and buy or sell Bitcoin instantly in a secure place. For example, if you are in Turkey, you can visit one of the offices of NakitCoins and buy or sell your BTC or other coins quickly without any limits.
Use peer-to-peer exchanges
Peer-to-peer exchanges are platforms that help to connect crypto buyers and sellers so they can trade directly with each other. Some examples of P2P exchanges are LocalBitcoins and Paxful.
If you want to buy Bitcoin quickly, you can use a P2P platform to find a seller near you, contact them, agree on a price and payment method, and then meet to transact.
You can also use P2P exchanges to cash out your BTC quickly After finding a buyer near you using a P2P exchange, you can meet up and transfer your Bitcoin to them and receive cash in your hands immediately.
You can also have the buyer wire the funds to your account and after you confirm receipt of the funds, transfer the BTC to their wallets. Also, some P2P platforms offer escrow services to ensure both seller and buyer have no risk of losing their assets as they buy or sell Bitcoin instantly.
If you are looking for ways to buy and withdraw bitcoin instantly, you can choose from several options such as Bitcoin ATMs, crypto exchanges, and P2P exchanges.
As you select an option to use, you need to weigh up a few things such as the transaction fees, user-friendliness, and security of the method.
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