Back when Bitcoin (BTC) was first introduced to the world, there were only a couple of ways to buy it from an exchange—mainly, it was through linking a bank account and buying it directly using a credit or debit card.
However, the cryptocurrency space has developed a lot since then. Now, there are so many ways for a person to buy BTC and quite frankly, the sheer number of options can be intimidating.
To help you out with the entire process, we’ve come up with a list of the best payment options, all of which are available on platforms like Paxful (which has nearly 400 payment options).
Popular payment options
Credit or debit card
As mentioned earlier, credit and debit cards are the most traditional means of purchasing Bitcoin. Despite the space evolving and allowing for other means of payment, debit and credit cards have remained to be extremely popular. By linking your bank account to an exchange, you can buy Bitcoin easily on most platforms.
Bitcoin ATMs are kiosks that are connected to the Internet, allowing you to head to the nearest ATM and get your BTC in a quick and easy way. Just like a regular ATM, these machines will dispense money in the form of BTC and will utilize QR codes to send and receive tokens. Unlike regular RTMs, however, they will not dispense cash. Instead, they’ll make use of the Bitcoin network to deposit BTC into your digital wallet.
To get your BTC, all you have to do is find a Bitcoin ATM near you, withdraw BTC into your digital wallet, and you’re all set.
PayPal allows its users a quick and easy way to send, receive, and even request money online. This service will allow you to make easy money transfers to your family, friends, and online shops. Being one of the most popular online payment systems on this planet, PayPal is well adapted to suit different kinds of online merchants.
If you’re looking to use this online wallet to buy crypto, platforms like Paxful make the process easy, allowing you to learn how to buy Bitcoin with PayPal in the easiest way possible.
Apple Pay is a built-in contactless payment system for Apple devices. You can add debit and credit cards to the wallet on your phone, giving you the ability to pay with your iPhone or Apple Watch instead of having to take your card out—meaning quick and contactless payments.
Since it was introduced, Apple Pay has reached far beyond the Apple platform and is now available for use to buy BTC on most exchanges and marketplaces.
Just getting into Bitcoin but have already tried out other cryptocurrencies? Some platforms will allow you to trade them in for BTC.
Peer-to-peer platforms like Paxful will often have hundreds of payment methods available, including other cryptocurrencies, so be sure to check out which platforms have your preferred trade pair and try your hand at peer-to-peer trading.
The ever-evolving cryptocurrency space
As peer-to-peer cryptocurrency trading becomes more of a norm in this space, the more payment options we’ll start to see pop up. The most recent addition to most payment option rosters was in-game items—yup, you can trade your favorite in-game currencies and items for BTC and other cryptos now.
When it comes to cryptocurrency, the possibilities are endless—and we can’t wait to see where it’s headed next.
The content of this article is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
Paxful has no relation to Paypal, Apple Pay or any other payment method. Paxful makes no claims about being supported by or supporting these services. Their respective wordmarks and trademarks belong to them alone.