Many investors around the world are eager to know how to get started with buying cryptocurrencies like Bitcoin. As a center of culture and commerce, numerous investors live and work in Istanbul.
How to buy Bitcoin in Istanbul is a topic of interest here. To answer these questions, we will focus on two main approaches. These include using a Bitcoin ATM and making purchases at an on-site Bitcoin exchange office.
Ways to Buy Bitcoin in Istanbul
Two popular methods to buy Bitcoin in Istanbul are covered in detail in this section. Let’s investigate them.
Using an on-site Bitcoin exchange office
The only physical Bitcoin exchange where you can buy Bitcoin in Istanbul is NakitCoins. You may buy and sell Bitcoin for cash at their Istanbul branch office. You must bring the following items in order to buy Bitcoin using NakitCoins.
- A kind of identification like a passport, national identification card, or driver’s license
- Cash in the form of US dollars to make purchases
- The public address of your Bitcoin wallet
How to buy Bitcoin from a physical Bitcoin exchange
Here is the procedure to buy Bitcoin in Istanbul using an on-site exchange office, specifically NakitCoins.
Step 1: Browse the internet to find the nearest NakitCoins office.
Step 2: Go to the branch and explain your goals to the customer support agent.
Step 3: Read the terms of service and accept them.
Step 4: Complete a transaction by informing them of the amount of Bitcoin you wish to purchase.
Step 5: Pay with cash using US dollars. Euros are allowed for especially big purchases.
Step 6: Give the wallet address details to receive the Bitcoin.
Step 7: Await confirmation that you have received your assets. This ought to happen right away.
Using a Bitcoin ATM
Another place to buy Bitcoin in Istanbul, Turkey, is from a Bitcoin ATM. Some locations in Istanbul with Bitcoin ATMs include Bagcilar, Atasehir, Beyoglu, Sisli, and Kadikoy. If you wish to buy Bitcoin in Istanbul at a Bitcoin ATM, you are required to bring certain things. A smartphone is required to access the QR code that the Bitcoin ATM will scan. For purchases of a greater amount of Bitcoin using an ATM, some form of identity verification may be necessary.
How to buy Bitcoin at a Bitcoin ATM
The steps to buy Bitcoin at an Istanbul Bitcoin ATM are explained below.
Step 1: Get a cryptocurrency wallet that works with Bitcoin. A hardware wallet, mobile wallet, or web wallet might all be used as a Bitcoin wallet. Some popular choices are Ledger Nano, Blockchain, Paxful, etc.
Step 2: Visit the Istanbul Bitcoin ATM that is most convenient for you.
Step 3: When you get to the machine, tap it and then read the prompt that appears on the screen.
Step 4: Choose to purchase Bitcoin as your cryptocurrency.
Step 5: Locate the QR code for your address in your Bitcoin wallet. To have the machine scan it, hold it in front of its camera.
Step 6: To finish your transaction after scanning the QR code, input your cash and verify the total on the screen. After the transaction is finished, Bitcoin will be delivered to your wallet address. It may take up to two hours to receive your Bitcoin in some circumstances.
Concluding Thoughts on How to Buy Bitcoin in Istanbul
You should evaluate the two choices for how to buy Bitcoin in Istanbul described above to help you decide which to choose. Either way, your cryptocurrency investment is off to an exciting start.