Not all cryptocurrencies can be bought with fiat
Coinbase offers Bitcoin, Ethereum, Litecoin, and Bitcoin Cash that users can buy with fiat debit cards. To get involved with other altcoins, users will need to send their BTC, ETH, LTC or BCH over to an exchange that has all of these pairs. The two most popular fluctuate between Binance OKex, both of which are trustable global exchange networks.
How to buy with Cash - P2P
Buying Bitcoin with cash can be as simple as giving money to your friend in exchange for BTC. For those who don’t know anyone with BTC (or anyone that wants to sell), there are decentralized, p2p sites to meet with people LocalBitcoins works .worldwide as an advertising community board for users to agree on a price beforehand, and then meet in person to trade. It might take a lot of time to process the exchange process, and it might not seem trustworthy enough, as it involves strangers, but it is still popular and has great reviews from users. It is technically a decentralized platform because it involves p2p trading. No middlemen are used to mediate the deal - which means no fees are paid at all.
How to Simply buy Bitcoin (no exchanges involved)
Bitcoin ATM - Bitcoin ATMs are becoming very well-liked. March tolls about 2,393 Bitcoin ATM machines worldwide, with a steady trend upwards. With these machines, the user shows up to a physical location and either a) buys Bitcoin using fiat currency and has it sent to a Bitcoin wallet or b) sells Bitcoin from the atm to withdraw fiat money. These devices are extremely convenient and allow traders to not have to deal at all with the “trading” part of crypto.
Buy.Coin telegraph - Cointelegraph has recently partnered up with Simplex to offer a convenient way to buy Bitcoin, Bitcoin Cash, and/or Ethereum. Simplex accepts most credit cards (including Visa and Mastercard) and also accepts some debit and prepaid cards.
Coming Soon: Decentralized Exchanges
While not very popular yet, mostly because the technology is still being worked on, decentralized exchanges (DEXs) are set to become more popular in 2018. DEXs use a trustless AI system to connect traders online. In a centralized exchange, the money goes from the user’s wallet to an escrow, and then to the other user in the trade. Funds stored on centralized exchanges are stored in wallets owned by the company, making funds more susceptible to hacks. In a DEX, user funds are stored in hardware wallets on each user’s computer, and value is never lost; when a trade commences, and instant swap, i.e., atomic swap, occurs so that the money never passes through a middleman. A smart contract is used to keep trust between the two users trading the money.Altcoin.io is working hard to make the first ever decentralized exchanges for traders, by traders. While many DEXs have bulky, complicated interfaces; Altcoin.io is working to make both a simpleinterface to quickly exchange crypto, as well as an in-depth, customizable exchange. The team was made famous back in October for successfully completing the first ever BTC-ETH atomic swap - a complicated feat because these two coins run completely different blockchains.
Bitshares already has a working platform, which works best as a client downloaded straight to the computer. Decentralized exchanges that are already working tend to be for the crypto-savvy; there are many advanced features, and the interfaces are not as easy on the eyes. While the number one exchange, currently OKex, is trading $1.75 billion million daily, Bitshares is only trading at approximately $2 million.Crypto is easier than ever to buy now, and this year should see some huge improvements for both centralized and decentralized exchanges. Centralized exchanges will focus on scaling, usability and adding of new tokens, while decentralized exchanges will be focusing on getting their product out on the web and involving the existing crypto community. But for now, and forever, it’s a good time to buy crypto.
Excellent article. I agree that its becoming easier to buy cryptos. In Kenya for example, the easiest way to buy bitcoin is through localbitcoins.com as coinbase doesn't accept purchase from Kenya. With localbitcoins.com it is so easy as there is an option to pay with Mpesa. Mpesa is a payment service on the mobile phone where you load cash and can send it to another phone. So once you buy bitcoins you can then send them onto another exchange like binance and buy other altcoins you desire. Although sometimes the rates are higher, this is the easiest way I buy bitcoin. Thank you for sharing :)
Wonderful information from your side too Thanks for sharing. Modern technology is showing astonishing things continuously in future.
wao great information dear . its very simple solution of problums . because there are more users on steemit and other cryptocurrencies users and they have alot of trading problums . e.g any body make more money but how he do withdraw but you explain the sulution and way for all of these problums. thanks @hamzayousaf
Yes there are many people who are facing trading problems that'why I thought to share information with complete references.
Your comment is always valuable for me...Thanks
thanks dear friend . iam also have many problums but i learn alot of things by reading old steemians posts specially your post are very help full
I think this "decentralized exchanges" sounds really interesting. I'm not sure what the exchanges are doing now. It seems that everything is OK or maybe I'm wrong.
Yeah sure these are going interesting lets see what happens
Great Article. it cleared my confusion as why blockchain don't have any exchange mechanism, now i came to know with your article that it is being developed hope get soon and afterwards there will be no hacks on wallets.
Thanks for sharing your kind words
Thanks dear for introducing this ways I think Bitcoin ATM is the best way to exchange money but in those places where Bitcoin ATM is not present bainance is the best way to exchange money .
Thanks again for this informated post .
Right said... thanks for sharing your thoughts
great dear i like your al posts because you are just like a teacher who teach his students and iam also nstudent on steemit and you give teach to me
Hahaha thanks
Thanks for your worthy post. @hamzayousaf i have a question how to buy bitcoins in Pakistan. i don't think it's is legally allowed to buy and sell Bitcoins in Pakistan.
Most welcome. In Pakistan it is not allowed to buy bitcoin. If you want to buy bitcoins, you can get from Urdubit website or any trustworthy exchanger @kamchore
Very useful information @hamzayousaf I hope your post can be taken by other steemians.
Because many steemians who do not understand about cripto money and bicoin trading
Thanks yes it is more beneficial for all steemians
Great post, followed, upvoted and resteemed.
Thanks
Really it is very useful information for Crypto Trading. Thanks for highlighting such a wonderful points.
Most welcome
Really useful this information, because most of investor only work with coinbase to buy bitcoin or ethereum with fiat
Yes it depends on every person's choice
amazing dear i like it. there was most of problums on crypto world and bitcoin atm is very helfull for this world
So those problems are being solved out very soon
hmm i like your post its very helpfull for those peoples who dont know about how to withdraw of bit coin and other cryptos but now they known after reading your post.
Thanks yeah sure it is more helpful
Buy more than...
Thanks for tranfer balance to 0.100 SBD, but why?
Because I got more than 2000 followers
And it is my pleasure to transfer $ as a gift
This is great content @hamzayousaf, I can many infomation.
Thanks
thanks,, very useful article
Most welcome
Well it sure seems promising buddy !
Yes sure
A post very helpful. Thank you for about cryptocurrency information.
Welcome
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