With Bitcoin and cryptocurrencies being a few of the more popular topics in the world right now, it is only fitting that more users are seeking to get in on that action. To do that, users will need to buy or sell BTC through one of the many different exchange platforms operating today. While users have been buying and selling BTC through any of the credible exchange platforms, users can now buy Bitcoin at Walmart via an innovative peer to peer platform known as Paxful.
To this point, it is quite easy for anyone to buy Bitcoin at Walmart. As more peer to peer exchanges exist today than ever before. To this point, we’ll discuss how you can buy Bitcoin conveniently at Walmart, the largest chain of brick and mortar stores in the world.
Step 1 – Set-up A Bitcoin Wallet
Irrespective of where one decides to buy Bitcoin, you need to have a Bitcoin wallet. A Bitcoin wallet is simply a wallet that allows users the opportunity to store their digital coins. Creating a wallet is an important step to purchasing Bitcoin. That said, creating a wallet to store Bitcoin is mandatory because it is where your digital assets will be sent to after you purchase them.
With that in mind, users want to be sure to take their time when creating a Bitcoin wallet. The wallet cannot be accessed if the password is lost or misplaced. With that said, the private key associated with the wallet should be stored offline so that it cannot be hacked. Remember, anyone with your private key can access your Bitcoin.
Today, there are a variety of Bitcoin wallets users can choose from. If a software wallet is selected, all users need to do is create an account. If users decide to go for hardware wallets, then they will need to buy and set it up. The hardware wallet provides more security for those holding Bitcoin but also costs more money. If you plan to purchase a lot of Bitcoin, a hardware wallet will be a necessity.
Step 2 – Buy Bitcoin With Gift Cards
Since you do not want to buy Bitcoin from any of the online exchanges, which have been plagued with hacks and other malicious activities such as exit schemes, you can make use of a gift card from Walmart instead.
Currently, using a peer to peer exchange, users can find someone willing to sell off his Bitcoins to you in exchange for gift cards. This can be a quite simple process and perhaps better for new users who are getting acquainted with digital assets such as Bitcoin still.
Step 3 – Walmart2Walmart Transfer
Another method many users find attractive when buying or selling Bitcoin but do not have gift cards, users can make use of the Walmart2Walmart Money Transfer feature. With this feature, users can send money to someone who owns and wants to sell Bitcoin. With the use of this fast money transfer platform, it creates another wonderful way to purchase Bitcoin through Walmart.
Using a peer-to-peer marketplace, users should be able to find another Bitcoin holder who wants to sell their assets in exchange for a Walmart2Walmart transfer. This makes it as easy as finding this seller online and then go to any Walmart store and using the Walmart2Walmart Money Transfer feature to instantly send funds in exchange for Bitcoins.
Step 4 – Sign-up To A P2P Marketplace
Users can decide to create an account on any of the peer-to-peer marketplaces available. Walmart offers users the opportunity to deposit funds to then use to buy Bitcoin. Once your funds are deposited and a buyer has been found, users can choose from any of the convenient payment methods.
Once your funds have been successfully deposited at Walmart, you will be required to verify the transaction that was carried out by uploading the receipt issued to you after your deposit was made. Users then will be required to write down your wallet address and in the next three hours, the Bitcoins will be sent to your wallet.
In closing, buying Bitcoin at Walmart via a peer-to-peer exchange has never been as easy as it is today. With these steps mentioned, users can easily buy Bitcoin at the world’s largest brick and mortar store. This presents one of the easiest and safest ways to purchase Bitcoin without fears of an exchange hack stealing your digital assets away.
With that being said, the process to purchase Bitcoin at Walmart still requires an outside arrangement to be made via a peer-to-peer exchange. Hopefully, someday in the near future, we will see the largest retailer in the world start to offer direct sales digital assets. Until then though, the solutions offered by peer-to-peer networks bring a wonderful option for those looking to purchase bitcoin.
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