Can I Buy Crypto Without An Exchange
Can someone buy Cryptocurrencies like Bitcoin or Ethereum without an exchange?
The answer is yes.
You can buy crypto without using an exchange.
The question how can you do it?
Most people think that buying crypto is not possible without n exchange.
However, this is not true.
You can buy cryptocurrencies without using an exchange. Although, you may not get a huge list of coins to choose from and buy. Yet, it is possible to buy popular coins like Bitcoin, Ethereum, Solana, etc.
So let’s dive into the details and see how can we do this!
Can You Buy Crypto Without An Exchange?
Here are a few ways that allow you to buy crypto without using an exchange like Binance, coinbase, Kucoin, or any other one.
1- Bitcoin ATMs
The first method is to go to a bitcoin ATM and buy bitcoin using cash.
But the problem is that there are very few countries and cities where bitcoin ATMs are available.
So if there is no ATM available in your area or country, you can not buy via an ATM.
2- Non-Custodial Wallets
Some wallets like Trust Wallet and Metamask allow users to buy crypto directly from the wallet using a credit or debit card.
However, these wallets are the same as exchanges so you will not find much difference between a non-custodial wallet and an exchange.
3- Directly From Individuals and Businesses
This is not common but yet possible. You can buy Bitcoin and other cryptocurrencies from an individual or a business.
You pay the amount in cash and they send you the crypto into your wallet.
All the other methods have some kind of involvement in an exchange.
So the above 3 ways are the only methods that will allow you to buy cryptocurrency.
It is worth noting that buying crypto outside of exchange is riskier than using a reputable exchange.
I recommend you do research and find the best exchange to buy bitcoin there. It is much safer than avoiding and going on another way.