Most people are still confused on the ways to buy Bitcoin cryptocurrency.
Bitcoin is a force to be reckoned with wide usage of the coins in almost all countries and regions alike have been affected by it.
People who never believed in investments have started investing in cryptocurrencies, because BTC showed the world how profitable it can be.
Obviously, the vast numbers of exchanges and wallets available in the market have made things easier for the average consumer.
However, that also, has led to much confusion due to the number of options available.
On the flipside, I’ve just provided you with the complete guide to purchase your desired amount of Bitcoin with Western Union.
Let’s begin.
Are you ready now?
Best ways to buy BTC with WU
These marketplaces below are P2P exchange platforms, that allow users to purchase Bitcoin with western union payment services.
1. Binance (Recommended)
Binance P2P is a platform provided by the renowned cryptocurrency exchange for Peer-to-Peer transactions.
It enables users to buy and sell Bitcoin and other cryptocurrencies directly with other users using various payment methods.
Binance is for experienced investors who are looking for a respectable platform to perform real-time exchanges.
It has support for over 166+ cryptocurrencies.
Both beginners and advanced investors have a myriad of tools and pairs available to them within one powerful exchange platform.
It accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
Highlights:
- Trustworthy management
- High volume exchange
- Large number of crypto pairs
- Global support
- Low fees
2. LocalCoinSwap
LocalCoinSwap is a Hong-Kong based Peer-to-Peer cryptocurrency exchange serving the market since 2017.
It’s a multi-currency P2P marketplace that allows you to buy or sell Bitcoin including other 20+ crypto-coins with over 200 payment options.
No withdrawal or deposit limits are there yet, which is their USP.
It’s a perfect LocalBitcoins alternative, which is a P2P marketplace that connects anyone, anywhere to buy cryptocurrencies with optional KYC.
Note: Optional KYC is another useful feature that LocalCoinSwap has because at LocalBitcoins the KYC is mandatory these days – So signing up is quite easy, you need only email ID to get started.
When you go-to LCS, select what you want to buy or sell, select cryptocurrency and fiat currency, then select location with payment methods to see list of sellers.
Meet the sellers in-person, or deal online as per the terms of trade, where LocalCoinSwap will act as an escrow.
Highlights:
- Multi-chain P2P marketplace
- Optional KYC verification
- Implements Escrow scripts
- Two-factor authentication available
- Supports 300+ payment methods
- Supports 20+ cryptocurrencies
- Available for 160+ fiat currencies
- 95% of deposits are in cold storages
- 24/7 customer service
3. Bitcoin ATM
Finding a Bitcoin ATM is a great way to buy bitcoin instantly if you have cash on hand.
There is a Bitcoin ATM in every region of the world.
Check out my guide on how to find Bitcoin ATM on the map on Coin ATM Radar, to see if there is one near you.
Highlights:
- Gives transaction receipt
- Good customer service
- Easily accessible
- Physical kiosk
- Convenient.
How to buy BTC with WU
To make this short tutorial very simple, we’re going to guide you with Binance exchange platform, because they’re one of the best in the market.
If you are just getting to know about the exchange, then it’s best you also read my review on Binance crypto exchange.
Before you can use the platform, you must have an account that is registered and verified by going through their KYC/AML identifications.
Follow the guide below to buy Bitcoins with Western Union:
- Register an account on Binance
- Log into your account on the platform
- Go-to the exchange peer-to-peer section
- Enter the cryptocurrency you want to buy
- Input the amount you would like to invest
- Select Western Union as payment method
- Search for trusted and reputable vendors
- Make payment following vendor’s rules
- Receive Bitcoin in the exchange wallet.
Once the equivalent cryptocurrency to the amount you specified reflects in your wallet on the exchange, then the transaction is successful.
At this point, you have to transfer it out to a more secure crypto wallet, if you have plan of keeping it for the long-term gain.
Over to you
If you follow through this guide you’ll be able to purchase any amount of BTC instantly with ease.
No matter what you do, don’t ever consider leaving your cryptocurrency investment in an exchange, as you may loose all of them to cyber thefts.
You should always transfer your crypto assets into a secure cryptocurrency wallet.
I recommend that you purchase a hardware wallet, because they are the safest and most secured type of wallets in the market.
If you do not have much budget to invest in acquiring something like Ledger Nano X/S, then you can download and use Trust mobile wallet app.
