How To 💰Buy/Sell BTC and Other Cryptocurrencies Using Faster Payment Syetem (FPS)

The Faster Payment System, also known as FPS, is a payment financial infrastructure which enables individuals to make instant payments. The system provides the benefit of making transactions in real-time, which limits exposure to risk. There are many benefits to FPS including higher security, immediate customer service, and fewer fees. Furthermore, the system enables businesses to see their balance instantly while also providing an easy way for customers to process their payments. Although, you can’t directly buy BTC using this Faster Payment Syetem (FPS) at the moment, we have explained an indirect method. If you want to buy BTC with Faster Payment Syetem (FPS), you can do so by using some P2P market such as Paxful.

Step 1:

First of all, you need to create an account on Paxful. The account creation process is pretty simple. All you need is to signup using your email address and a new password.

Step 2:

Verify your account by using your ID card or Passport. This is a good step that is required to reduce spam and scams. Verifying your ID doesn’t take much time, the process is automated so it’s completed in a few minutes for most of the cases.

Step 3:

After creating and verifying the account, you need to buy BTC using Faster Payment Syetem (FPS). For that, you need to click on “Buy” button and on the next screen:

Select cryptocurrency as BTC
Select Payment Method as Faster Payment Syetem (FPS)
Select your currency and input amount you want to invest
Click on Find offers

Now you’ll be able to see a lot of offers, it’s time to find the best offer and click on buy.

A chatroom will be opened for you where you can trade with the seller. Important Tip: You can chat a little with the seller to confirm if he is online, then ask for their payment account details. You can send the money and click on the “Paid” button. This will ensure Paxful that you have paid the seller. Now you need to wait for a few seconds or minutes until the seller verifies the payment. After verification, the seller will instruct Paxful to release your BTC. In the next instant, BTC will be available in your Paxful wallet. That’s all…

The same way you can withdraw/Sell BTC to Faster Payment Syetem (FPS)
For selling BTC in exchange to Faster Payment Syetem (FPS), you need to click on sell button in Paxful and see the available options. You can sell to the suitable seller. If you have BTC that are outside Paxful, you can deposit them easily to Paxful. After depositing, you can sell to hundreds of sellers that are avaialbe online.
If you want to explore other P2P exchanges as well, please click “Crypto Exchanges” section in our site’s menu and you can find other P2P exchanges.

We hope that this article has helped you in buying BTC online using Faster Payment Syetem (FPS). Happy Trading!