: While highly convenient, this was expensive. Credit/debit card purchases typically carried heavy fees (often ranging from 3.50% to 5% ). Furthermore, during peak traffic spikes in late 2017, these platforms frequently suffered server outages and massive backlogs on manual ID verification.
If you did not want to leave your house or use a physical machine, P2P marketplaces were the fastest online alternative to traditional exchanges. quickest way to buy bitcoin 2017
For pure speed in 2017, nothing beat walking up to a physical machine with a stack of cash. : While highly convenient, this was expensive
: 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
: 15 to 60 minutes , depending on how fast the seller responded and verified your payment.
: 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.
: Under 15 minutes from arrival to having the coins broadcasted to your wallet.