The decentralized industry is all about speed. The speed of transactions that the blockchain can offer is its biggest selling point as a technology. The given factor is also the leading reason why international banks are considering the use of the decentralized ledger as a means of banking information transfer and transaction forwarding.
When resorting to the decentralized financial industry, users are well aware of the benefits it provides as a means of transacting. The relatively low commissions on cross-border transfers charged by global exchanges trump any of the international gateways and transfer services like Western Union and others. In addition, the speed of the blockchain means that transactions are performed virtually instantly and there is no lag time between the moment a transaction is sent and received.
However, when first entering the decentralized financial industry, one of the first search engine queries that users enter is related to the process of purchase. “How to buy and how to send crypto instantly” are also popular queries. Another is loosely related to “How to send, how to buy and transfer crypto instantly”. Many more users basically input the query “how to buy cryptocurrency instantly” and gain access to a vast list of links leading to various guides, instruction manuals, video reviews of platforms, FAQ sections, and much more.
Users who frequently interact with cryptocurrencies like Bitcoin and Ethereum also often search the query “How to get Bitcoins and how can I instantly transfer crypto”. Another common practice is querying “how to buy Bitcoins instantly and how can I get them”. Together, all of these queries are related to the same thing – highlighting the importance of speed and the process of cryptocurrency acquisition in the decentralized industry.
Bitcoin, Ethereum, Litecoin, and other cryptocurrencies can all be purchased instantly on major global exchanges that provide long and exhaustive lists of coins and altcoins. Users often sign up to such exchanges to sell cryptocurrencies, since there is a separate “caste” of users who are known as traders. As constant market players, the traders engage in a variety of cryptocurrency operations across multiple trading venues, depending on the strategies they choose to employ. There are dozens of strategies on offer, such as scalping, arbitrage trading, and many others. Combined, all of the strategies on the cryptocurrency market employed by traders are founded on the same principle – speed.
The blockchain ensures the instantaneous execution of transactions, allowing traders like scalpers to play on minute changes in the prices of cryptocurrencies. By placing hundreds and even thousands of orders either manually or automatically through the use of trading bots, scalpers extract profits from instant purchase and sale operations of cryptocurrencies in bulk. Though making a tiny profit on each trade may not seem like much, when combined into large batches, the profits pile up and snowball into hundreds of thousands of dollars and even millions. Some traders who skillfully employ automated and manual trading strategies can cobble together fortunes within hours of trading sessions.
However, when it comes to average users seeking to purchase Bitcoin instantly, they will have to resort to other means. Among the latter are average payment methods like bank cards and online payment gateways like PayPal. Major exchanges like Binance, KuCoin and others have long established working relations with such major gateways like VISA and MasterCard and allow their users to instantly connect their bank cards for immediate and seamless purchases of cryptocurrencies. Naturally, users will have to pass stringent Know Your Customer identification procedures before they can start using a centralized exchange. The given factor often detracts users who are true adherents of decentralization.
Among other methods for instant purchases of Bitcoin are decentralized exchanges. The given venues allow users to operate on a peer-to-peer basis. In other words, the user will interact with some other person in an anonymous fashion with the decentralized exchange acting as an intermediary providing the platform for the transaction to take place. The given approach is ideal for users who wish to maintain their privacy and retain full custody of their funds and assets. The fact that decentralized exchanges routinely offer their users to resort to non-custodial asset storage is yet another point in their favor.
However, users seeking to resort to decentralized exchanges for trading operations should take into account that these types of venues are prone to slippage. The latter is a phenomenon which affects the time a transaction order is placed and the time when it is actually hashed into the blockchain for the assets to be transferred. The given factor can result in losses for traders who rely on the instantaneous nature of the blockchain for transaction execution.
Among the most reliable exchanges for the immediate purchase of Bitcoin are currency.com, Binance, KuCoin, AAX, Bybit, and others. These venues are centralized and provide their users with a convenient exchange interface along with a host of functions that make them ideal for various online operations. Some exchanges are designed largely for trading, while others have expanded into entire ecosystems of services, offering their users anything from basic Bitcoin purchases for bank cards to Non-Fungible Token collection displays. Whichever exchange users decide to opt for when seeking to purchase Bitcoin, they will have to conduct their own research and make sure that the selected venue has a solid operational history and a good reputation.
