Sending money across different countries is a breeze with Bitcoin – no need to stress or deal with complications. Buying Bitcoin isn’t tricky at all, and there are plenty of easy ways to get it in Portugal.
There are a couple of options that makes buying Bitcoin in Portugal simple.
Bitcoin ATM
Bitcoin ATMs have become quite popular, and you can find them in various locations across Portugal. These ATMs allow you buy Bitcoin with cash or credit/debit cards. All you need to do is follow the on-screen instructions, input the amount, and the Bitcoin will be sent directly to your digital wallet. It is a straightforward way to get your hands on some digital currency.
Bitcoin ATM Location in Portugal
Here is a list of cities in Portugal where you can find Bitcoin ATMs:
- Braga
- Coimbra
- Faro
- Lisbon
How to Use Bitcoin ATM in Portugal
Using a Bitcoin ATM doesn’t require much technical know-how.
- Find a Bitcoin ATM near you in one of the major cities like Braga or Lisbon.
- Make sure you have a Bitcoin wallet ready on your smartphone. This is where the Bitcoin you bought will be sent.
- Choose the “Buy Bitcoin” option on the ATM screen to start the process.
- Enter the amount of Bitcoin you want to buy. Some ATMs might allow you to choose from preset amounts.
- The ATM will generate a QR code on the screen. Open your Bitcoin wallet on your smartphone and use its “Scan QR Code” feature to scan the QR code displayed on the Bitcoin ATM.
- If you’re using cash, insert it into the ATM. The Bitcoin ATM will then verify the transaction.
- Once the cash is verified, the ATM will display the equivalent amount of Bitcoin you’ll receive. Confirm the transaction.
- Bitcoin transactions might take a few minutes to be confirmed on the blockchain. You’ll receive a confirmation on your wallet when it’s done.
- The Bitcoin ATM might give you a receipt with the transaction details. This is particularly helpful for record-keeping.
- After the confirmation, check your Bitcoin wallet. The Bitcoin should now be in your wallet.
Crypto Exchanges
Crypto exchanges is another way to buy Bitcoin in Portugal. These online platforms allow you trade your local currency for Bitcoin. Some well-known exchanges, such as Coinbase, Kraken, and Binance, offer services to Portuguese users.
To start, you’ll need to create an account on the chosen exchange, verify your identity, and link a payment method. Once that’s done, you can place orders to buy Bitcoin at your desired price. Exchanges offer a range of features and may include different cryptocurrencies, so it’s worth exploring to find one that matches what you’re looking for.
Crypto Exchanges in Portugal
- Coinbase: Coinbase is one of the user-friendly cryptocurrency exchanges globally. It offers a straightforward platform for buying, selling, and storing a variety of cryptocurrencies, including Bitcoin, Ethereum, and more. Coinbase is often recommended for beginners entering the crypto space.
- Kraken: Kraken is another reputable cryptocurrency exchange that has gained popularity for its range of available cryptocurrencies. It offers advanced trading options for more experienced users, while also catering to beginners with its user-friendly interface.
- Binance: Binance is one of the largest cryptocurrency exchanges in the world. It offers a wide selection of cryptocurrencies for trading, along with various trading pairs. Binance is known for its advanced trading features, making it a go-to platform for experienced traders and investors. It also provides educational resources to help users navigate the crypto landscape.
In Portugal, these exchanges offer accessible gateways to the cryptocurrency market. Each platform has its own appeals to different types of users, so it’s advisable to explore their features to find the one that aligns with your goals.
Bitcoin Wallet in Portugal
Having a Bitcoin wallet in Portugal is like having a digital pocket where you can securely store and manage your Bitcoin. It is your personal space for sending, receiving, and keeping track of your cryptocurrency.
Just like you would carry physical money in your wallet, a Bitcoin wallet lets you carry your digital money with you wherever you go. It is an essential tool for anyone interested in using Bitcoin for transactions, investments, or simply holding to its value.
Types of Bitcoin Wallet in Portugal
- Software Wallets: Software wallets are applications that you can install on your computer or smartphone. They offer convenient access to your Bitcoin, allowing you send and receive payments easily. These wallets are mostly used for regular transactions and are a popular choice for beginners. Popular software wallets include; Trust Wallet, Metamask, Exodus, Blockchain.com, and Atomic Wallet.
- Hardware Wallets: Hardware wallets are physical devices designed to store your Bitcoin offline. They provide a higher level of security since they are immune to online hacking attempts. They often require a physical connection (such as a USB) to access your funds.
How to Sell Bitcoin for Naira
When it comes to exchanging Bitcoin for Naira, Cardvest stands out as the ultimate choice. With its user-friendly mobile app, the process of selling Bitcoin is very seamless.
- Start by downloading Cardvest mobile app from your app store.
- Open the app and sign up for an account. Follow the registration process by providing the required information.
- On your first login, the app will prompt you to set up a 4-digit PIN. This PIN will be your authentication code for transactions on your account.
- Once you’re logged in and your account is set up, go to your dashboard. Look for the “sell coin” icon and click on it.
- In the “sell coin” section, choose Bitcoin as the type of coin you want to trade and the amount in dollars that you want to sell.
- The app’s rate calculator will convert the dollar value to Naira, giving you an estimate of how much you’ll receive for your Bitcoin.
- After confirming the details, click on “sell coin now.” The system will generate a wallet address where you’ll need to send your Bitcoin.
- Follow the instructions to send your Bitcoin to the provided wallet address. The amount of crypto you send will determine the Naira equivalent you’ll receive.
- Once the transaction is initiated, your account will be credited within minutes after the Bitcoin transaction is verified.
