To Buy Bitcoin 2017 | Quickest Way

If you did not want to leave your house or use a physical machine, P2P marketplaces were the fastest online alternative to traditional exchanges.

AI responses may include mistakes. For financial advice, consult a professional. Learn more How to Buy Bitcoin Guide in 2017 - Information Age

The fastest ways to buy Bitcoin in depended on whether you were willing to pay higher fees to bypass lengthy identity verification (KYC) processing delays. During the massive crypto bull run of 2017, centralized exchanges were notoriously overwhelmed, making alternative methods the absolute fastest routes to acquire the asset. ⚡ 1. Bitcoin ATMs (BTMs) quickest way to buy bitcoin 2017

: You would browse local or global listings of independent sellers who were willing to trade Bitcoin for various payment methods. You would open a trade, and the platform placed the seller's Bitcoin into an automated escrow account. You then sent the payment directly to the seller via methods like cash deposit at a bank, wire transfer, PayPal, or even gift cards. Once the seller confirmed receipt of the funds, the platform released the Bitcoin to your wallet.

: You paid a massive premium. Average transaction fees hovered between 8% and 15% . 🤝 2. Peer-to-Peer (P2P) Platforms If you did not want to leave your

: You signed up, passed a basic automated identity check, linked a Visa or Mastercard, and bought directly at the quoted retail price.

: Instantly after your account creation and payment method were approved. Learn more How to Buy Bitcoin Guide in

: Prices on P2P networks were usually marked up higher than the standard market rate on major exchanges. You also had to carefully review seller reputation scores to avoid fraudulent actors. 💳 3. Credit or Debit Cards on Retail Brokerages