Topic: The most popular payment methods to buy Bitcoin in 2019 - page 3. (Read 2577 times)

Coins.ph is a great suggestion. However, only as your first step into the world of cryptocurrency. For example, did you know that on vertex.market, once you have registered, you can create a sell offer for any cryptocurrency of your choosing with a custom premium or margin? You can buy Bitcoin and sell it on vertex.market for 10% profit (for example), no matter the market price volatility, vertex will automatically correct your selling price

If you are a fan of using LocalBitcoins, then vertex.market is defininatly an option you should be looking into. Picture using LocalBitcoins for not only Bitcoin, but 1200 additional cryptocurrencies, that is Vertex! If you dont like the fact that you have to connect on a personal level with every trader on LocalBitcoins, you will enjoy the streamline services Vertex provides, everything is handled automatically.

I majorly use bank transfer and get to pay almost zero charges for this when dealing with peer-to-peer system of trade. The second is buying bitcoin with my altcoins. I don't use the other digital money.

If you're looking for a more private way of buying/selling bitcoin, while also minimizing your chances of getting deplatformed, try some P2P exchange like hodlhodl or Bisq network.

If you buy using a credit card or really if you have any interaction with the "legacy" payment system, chances that is private are very slim.

You have a good list mate but honestly, I didn’t experience to buy bitcoin on all the things you’ve mentioned. Coins.ph is very popular here in my place and maybe you can also include this platform, its great and very easy to buy bitcoin. So many ways for newbies to buy bitcoin, i hope they see those platforms.

I simply do not use any of the method mentioned above to buy Bitcoins.  Buying and selling Bitcoin is most easy and secure on any P2P exchange for me. Localbitcoins is the most trusted P2P exchange for me to buy and sell Bitcoins. It provides me the facility of buy on sellers price or place my own bid to buy Bitcoins and vice- versa for selling BTC. It also provides with the trust ranking of all the users there to chose from and also payment is instant. I believe P2P exchanges are the most easiest way to buy and sell BTC currently.

There used to be a time when buying Bitcoin was one of the most complicated processes on the internet. Then, you had to know the seller directly, or know an in-between who can carry out the trade with cash or pay to a bank account. The process used to be very manual and cumbersome. Despite all that, people still made efforts to acquire Bitcoin. Today, platforms like Vertex.Market have simplified the process by providing several automated options for users to buy Bitcoin and other cryptocurrencies. Listed below are the most popular payment methods to buy Bitcoin in 2019.

Vertex has created a simplified process whereby Sellers can sell Bitcoin and other cryptocurrencies, accepting payment only through their preferred payment method. Likewise, Buyers can choose offers based on their preferred payment method. Therefore, the list below which shows the most popular payment methods to buy Bitcoin in 2019 includes the offers that are well represented on Vertex.

Paypal

PayPal is one of the most popular online payment systems. It is well adapted to suit online merchants and can be connected to users’ credit/debit cards. Paypal is widely used, but is restricted in some countries around the world.

Alipay

This is an electronic wallet that enables fiat payments. It is also well adapted with online merchants. Most users of Alipay simply use the app on their devices to scan QR codes when making payments. Same applies when using it to buy Bitcoin.

Wechat Pay

This is a popular kind of electronic payment system in China. Wechat Pay has an eWallet similar to Alipay, only that this one is connected to the Chinese bank account of the user. This makes it somehow restricted to Chinese users only, or users that are affiliated to China.

TWINT

This is a mobile payment app of Swiss origin. The TWINT app enables you to pay for products and services using your smartphone. All you need in order to buy Bitcoin using TWINT on platforms like Vertex is the ability to scan the QR Code, and a five-digit payment code. Others are your personal security settings like your password and PIN. Here is a short video of how to use TWINT:

https://m.youtube.com/watch?v=WwerVn7ajbw

PayTM

This is another system that made it onto our list of the most popular payment methods to buy Bitcoin in 2019. PayTM originated in India and remains a popular means of making payments over the internet in the Asian country. It is a versatile payment system that is being used in the region to settle all kinds of bills. People can now use it buy Bitcoin (on Vertex).

Neteller

This is a payment method that is better known as an online transfer system. Many people use Neteller to send money across the globe. It is widely accepted in many countries and is one of the most popular methods to buy Bitcoin in 2019.

Skrill

Like Neteller, Skrill is also known as an online money transfer system. Over 20 million people are using Skrill around the world to send money. It is also adaptable as a payment system by merchants. It is common to find sellers requesting Skrill as a method of payment when selling Bitcoin.

Payoneer

Here is another electronic payment system that has grown in popularity recently. Many online transactions use Payoneer today as it is versatile and good for business. Many Vertex users advertise their sales to include their preferred payment method as Payoneer when selling Bitcoin.

WebMoney

Webmoney was founded in 1998 and has sustained its relevance as an online payment system ever since. The platform was able to achieve this due to its ability to adapt to technological changes and evolve with the trend. The payment system was founded in Russia, but is popular in almost every part of the world.

Payza

Payza was founded in 2012 in Montreal, Canada. Right now, the headquarters of Payza are in London. This payment system has spread to many parts of the world, including Africa and Asia. It has become a very popular payment method on Vertex for buying and selling Bitcoin.

Transferwise

This is one of the solutions that has encouraged borderless payment. With Transferwise, you can pay sellers in your local currency, and they get settlement in their own local currency. It is used by many people today to buy Bitcoin or any other cryptocurrency.

Revolut

This is a payment method that is a little over 4 years. It seems like a purpose built system for a time like this. It is a UK fintech platform that offers banking services that extends even to cryptocurrency exchange. The platform’s mobile app supports spending and ATM withdrawals in 120 different currencies.

Yandex Money

This is another product out of Russia. It has been around since 2002, and in 2016 a survey by TNS classified it as the largest electronic payment service. Yandex money serves for both individual and merchant payment. Many people are using this payment system to buy Bitcoin.

Apple Pay Cash

This is the native money of the Apple brand. However, its use goes way beyond the Apple platform. This kind of money is stored in the user’s Apple wallet and can be used to make  payments online. People are using this payment method to buy Bitcoin.

https://twitter.com/Vertexplatform/status/1168906430822453248


Google Pay

This is another payment method that was developed by one of the most popular brands on the internet. Also in this case, using Google Pay extends beyond the brand’s circle. It can be used to make payments on websites or through its mobile app. Again, many people are adopting this as a payment system to buy Bitcoin.

Venmo

Venmo is a mobile payment system that can only be used by people in the US. To be able to use Venmo to buy Bitcoin, both you and the seller must be based in the US. The payment app is a product of PayPal and is responsible for huge volumes of transactions that are taking place over the internet.

Local Bank Transfer

This is one of the most traditional systems for making transactions. Many Bitcoin sellers who want to be paid in fiat would use the local bank transfer system. It is a system that is popularly used on the Vertex platform.

STC Pay

This is an app that is used for transferring funds. It works in the UK and Saudi Arabia. If you want to buy Bitcoin and you are in any of these two countries mentioned above, the STC Pay could be a viable option for you.

Cryptocurrency

Using other cryptocurrencies to buy Bitcoin is one of the most popular transactions that happens across exchanges. It happens during speculative trading and also when building a portfolio. Many people also follow this route when they want to extract value from those altcoins that cannot be traded with fiat directly. They use such an altcoin to buy Bitcoin first, and then sell the Bitcoin for fiat.

Conclusion

Platforms like Vertex, an peer-to-peer marketplace, provide avenues to buy Bitcoin using any of the above listed methods. No matter your means of payment, or in what form your money is, chances are that you will find a suitable method that fits your circumstances among the list above.

Very large volumes of Bitcoin change hands every day, and the methods of transactions that are used to execute these trades vary. The list above gives us a comprehensive compilation of the most popular payment methods to buy Bitcoin in 2019.