With bitcoin and cryptocurrency being some of the most common themes in the world right now it’s only fitting that more people are trying to tap into the action. To do this, users would need to purchase or sell BTC from one of the several different trading sites in service today. Although users have been purchasing and selling BTC from every reputable trading site, users can now purchase Bitcoin from Walmart through a revolutionary peer-to-peer network known as Paxful.
At this point, it’s pretty easy for everyone to buy Bitcoin at Walmart. There are more peer exchanges than ever before. At this point, we’ll explore how you can easily buy Bitcoin at Walmart, the largest chain of brick and mortar stores in the world.
Phase 1 — Set up a wallet for bitcoin
No matter where you plan to buy Bitcoin, you need to have a wallet for Bitcoin. A Bitcoin wallet is essentially a wallet that helps users to hold their digital coins. Creating a wallet is a significant step in the buying of Bitcoin. That said, building a wallet to store Bitcoin is mandatory because it’s where your crypto assets will be sent to after you buy them.
With that in mind, consumers want to make sure that they take their time to create a Bitcoin wallet. The wallet cannot be opened if the password has been lost or misplaced. That said the private key shared with the wallet should be kept offline such that it cannot be compromised. Know, anybody with a private key can unlock your Bitcoin.
Today there are a number of Bitcoin wallets that users can choose from. If a software wallet is chosen, it is important to build an account for all users. If users plan to go to hardware wallets, they would need to buy and set up their wallets. The hardware wallet offers more protection for those carrying Bitcoin, but it still costs more money. If you’re looking to buy a bunch of bitcoin, a hardware wallet is going to be a must.
Step 2: Buy Bitcoin with Gift Cards
Since you don’t want to buy Bitcoin from any of the online exchanges that have been targeted by hacking and other malicious practices, such as escape scams, you can use the Walmart gift card instead.
Currently, using peer-to-peer exchange, users can find someone willing to sell their bitcoins to you in exchange for gift cards. This can be a reasonably easy operation, though maybe easier for new users who are already comfortable with digital assets such as Bitcoin.
Step 3 — Move to Walmart2Walmart
Another tool that many users find appealing when purchasing or selling Bitcoin but don’t have gift cards, users can make use of the Walmart2Walmart Money Transfer function. Users will transfer money to anyone who owns and wants to sell Bitcoin with this feature. Using this quick money transfer platform, it creates another perfect way to buy Bitcoin via Walmart.
Using a peer-to-peer marketplace, consumers should be able to identify another Bitcoin investor that wants to sell their properties in return for a Walmart2Walmart swap. This makes it as simple as locating this online vendor and then going to any Walmart store and using the Walmart2Walmart Money Transfer feature to automatically submit money in return for bitcoins.
Phase 4 — Sign up for a P2P marketplace
Users can decide to build an account in any of the available peer-to-peer markets. Walmart gives users the ability to borrow money and then use it to purchase Bitcoin. When the funds have been deposited and a customer has been located, consumers can select from any suitable payment form.
Once your funds have been successfully deposited with Walmart, you will be allowed to check the transaction that has been carried out by submitting the receipt given to you after your deposit has been made. Users will then be asked to enter your wallet address, and in the next three hours, the Bitcoins will be sent to your wallet.
By closing, buying Bitcoin at Walmart via peer-to-peer sharing has never been as convenient as it is today. With these measures listed, users can easily purchase Bitcoin at the world’s largest brick and mortar shop. This offers one of the simplest and fastest ways to buy Bitcoin without risk of an exchange hack stealing your digital assets.
That being said, the method of buying Bitcoin at Walmart also needs an outside arrangement to be made into a peer-to-peer exchange. Hopefully someday in the foreseeable future, we’ll see the world’s biggest store beginning to provide direct purchases of digital properties. Until then, however the options provided by peer-to-peer networks present a fantastic platform for anyone seeking to buy bitcoin.
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