An asked 1 year ago

I am looking into buying some bitcoin but the whole process is very daunting.
There is a Coinsource ATM near me and that seems to be the easiest way to purchase
My questions is do you recommend buying bitcoin via a Coinsource ATM or would buying via an online/app (coinbase/changelly) be better?
I would be transferring the bitcoin to a wallet such as a Trezor.

Thank you!

1 Answers
Steven Hay answered 1 year ago

Hey An,
Well, you’re certainly on the right track by using a hardware wallet and putting security first! I think you should try buying small test amounts from the Coinsource ATM as well as some good exchanges. Once you’ve tried various methods, you’ll know which works best for you. It’s always good to have options for both cash and bank transfers.
See our guides to some of the top exchanges to help you decide on an exchange:

2018’s Best Bitcoin Exchanges – Bitcoin exchange comparison & review

Also see my answer (still in moderation queue but should be visible soon) to Andrew about buying bitcoins from a Bitcoin ATM (aka BTM):

How to Buy Bitcoins if You’re a Noob – Bitcoin Whiteboard Tuesday


Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.