Quickest Way To Buy Bitcoin — 2017

The fastest ways to buy Bitcoin in depended on whether you were willing to pay higher fees to bypass lengthy identity verification (KYC) processing delays. During the massive crypto bull run of 2017, centralized exchanges were notoriously overwhelmed, making alternative methods the absolute fastest routes to acquire the asset. ⚡ 1. Bitcoin ATMs (BTMs)

: Sites like LocalBitcoins and Paxful were the dominant players.

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

: You signed up, passed a basic automated identity check, linked a Visa or Mastercard, and bought directly at the quoted retail price.

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: 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.

: You paid a massive premium. Average transaction fees hovered between 8% and 15% . 🤝 2. Peer-to-Peer (P2P) Platforms Bitcoin ATMs (BTMs) : Sites like LocalBitcoins and

: 15 to 60 minutes , depending on how fast the seller responded and verified your payment.