To purchase Bitcoin instantly is not an easy thing to do. Most exchanges, or market places require some form of identity verification and this slows the process down dramatically. However there are still ways to buy bitcoins extremely fast and don’t require nearly as much verification.
Here is the easiest and fastest way to purchase bitcoin with your credit card in an instant, that don’t require you to jump through the traditional hoops.
Pre-Purchase Requirement: You’ll need a Bitcoin Wallet to have your bitcoins sent to after your successful purchase. I highly recommend using Exodus which is a wallet that you store on your PC/Mac or Blockchain.info which is a cloud based wallet. Both are extremely popular, secure and easy to use.
Once you have your wallet, take note of your Bitcoin Wallet Address, it will look something like this: 1NLsREkSsCQuXnoLnABY1HeneF9zkEZ3jV
Once you have your Bitcoin address handy you can begin your first purchase!
CoinMama is an excellent exchange that will allow you to sign up for free and purchase up to $150 in Bitcoin without anything but a verified email address. This is a great start for many beginners!
You can also easily increase your spending limits to $5000 daily simply by uploading a government issued ID such as a drivers license. Very simply and very fast to do!
Here’s the instructions to buy your first bitcoins with Coinmama.
Step 1. Join Coinmama for free.
Step 2. Confirm your email address. Don’t forget to check your junk/spam folder in case the email goes there.
Step 3. Login to Coinmama with your new email and password.
Now from here you have to decide if you want to purchase more or less than $150 in Bitcoins.
If you would like to purchase more than $150 in Bitcoin just by uploading a copy of your drivers license, then continue to Step 4 otherwise, continue to Step X to purchase your first $150.
Step 4. Once logged in, on the left menu, click on Verify Your Account. Here you can fill in the rest of your details to get the higher purchase limits. It’s very easy to do!
Coinmama will review your documents and send you an email once your account is confirmed! Once you are confirmed you are ready to buy up to $5000 in Bitcoins anytime you wish!
Step 5. To start your purchase, make sure you are still logged in and click on Buy Bitcoins on the left or top menu and you’ll arrive at a screen like the one shown below.
Here you’ll easily be able to choose either the amount of Bitcoin you want or even the amount of actual dollars you want to spend. You can use the slider, or just set the amount of dollars or bitcoins in the boxes under the slider.
This is a purchase set up for $1000 USD worth of Bitcoin which at the time was 0.72926948
Step 6. Click on BUY BITCOINS button and you will be taken to a new window to insert your Bitcoin Wallet address (as noted in pre-purchase requirement above). This is where you will have your Bitcoins sent after your purchase!
Step 7. Complete your order using your credit card through a company called Simplex. Simply fill in the details they ask for and you are on your way!
IMPORTANT: Simplex is a company out of London, England in the UK. So your credit card company may decline the order due to their suspicous transaction filters. Just call your credit card company and tell them it’s you. You should be cleared right away.
Possible Step 7a. You may have to take a video verification step. This will likely only happen on larger purchases but it’s also relatively easy to do. They’ll ask you to record and upload a video of yourself holding your credit card from purchase, and speaking out loud the last 4 numbers of your credit card.
- Make sure to zoom in on the credit card so they can see your name and number.
- You can cover the first 12 digits with your finger to protect yourself.
Step 8. Re-confirm your wallet address. If your credit card purchase and/or video were both confirmed than you’ll be sent one final email just to confirm that you input the correct wallet address and then you are done!
The whole process should take you no more than 10 minutes provided you don’t hit any hiccups and your bitcoin will arrive in your wallet in the next few hours once they are approved on the blockchain!
At that point, congratulations you are now the owner of some bitcoin!