Doubts about buying digital currency, any suggestions?

betterhao

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Quote from: Incarts on July 11, 2023, 12:31:11 PM

Quote from: Cryptoababe on July 11, 2023, 11:39:00 AM

Quote from: Zee27 on July 11, 2023, 10:50:30 AM

Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yeah, Apart from all these stated, CEXs are very important. As we are seeing most Decentralised Bridge platforms getting compromised these days and millions of funds being stolen while users lose millions of dollars also. I personally use CEX to bridge asset from one network to another by depositing there from one network and withdrawing via another network.

Also, about the right time to buy BTC or not?
The market is speculative. But IMO, this is a very good time to buy . Apart from the market experiencing volatile upward movements, US stocks rose, The market is awaiting US inflation data on Wednesday with core inflation expected to grow by 5% year-on-year e.t.c, there have been good news surrounding Bitcoin lately like Companies managing Trillions filling for Bitcoin ETF. Seems the era of measuring the market cap of BTC in Billions is gonna end soon.

I can understand your concerns. You may consider Bitget, I've found their bank deposit service to be quick and reliable. Similar UI to Binance and user-friendly. You can take a look at it and see if it fits your needs.

Worth a try, you might change your thought after using it.

Mate2237

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Quote from: xwz on July 11, 2023, 05:30:54 AM

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

There are many ways you can buy bitcoin, you can buy it from a friend or someone you know that has bitcoin and willing to sell at that time or you can buy it from a reliable exchange platforms. I don't know where you are from, you can get it from a local exchange in your country and also from international exchanges like: Binance and others. Is there any specific period of trading? The only period that is exempted is the hour of the day and not in the whole week or month. Trading can be done every week and every month. So feel free to trade every time.

ancafe

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

There are lots of exchanges you can use to buy bitcoins and I think a lot of people have already told you where to buy bitcoins nowadays. Binance only has problems in a few places, but not all countries have problems buying or trading. In my country Binance is still freely used for now, but if you are one who is concerned about privacy, binance is not a solution to use.

Quote from: xwz on July 11, 2023, 05:30:54 AM

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Here you are again repeating how to buy and what exactly do you wan. Buy or trade? Because many people may have explained both, and you just have to choose according to what suits you best. If you mean trading then always pay attention to the level of security and the exchange is not a place to store bitcoins.

Incarts

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Quote from: Cryptoababe on July 11, 2023, 11:39:00 AM

Quote from: Zee27 on July 11, 2023, 10:50:30 AM

Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yeah, Apart from all these stated, CEXs are very important. As we are seeing most Decentralised Bridge platforms getting compromised these days and millions of funds being stolen while users lose millions of dollars also. I personally use CEX to bridge asset from one network to another by depositing there from one network and withdrawing via another network.

Also, about the right time to buy BTC or not?
The market is speculative. But IMO, this is a very good time to buy . Apart from the market experiencing volatile upward movements, US stocks rose, The market is awaiting US inflation data on Wednesday with core inflation expected to grow by 5% year-on-year e.t.c, there have been good news surrounding Bitcoin lately like Companies managing Trillions filling for Bitcoin ETF. Seems the era of measuring the market cap of BTC in Billions is gonna end soon.

I can understand your concerns. You may consider Bitget, I've found their bank deposit service to be quick and reliable. Similar UI to Binance and user-friendly. You can take a look at it and see if it fits your needs.

Ojima-ojo

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Your choice of avoiding the central exchange to purchase your Bitcoin is a good one and it shows, that you want to protect your privacy and also it saves you a lot of stress of going through all those KYC processes that are associated with the centralized exchange.

There is quite a lot of decentralized exchange that doesn't require you to provide any KYC before you buy or sell your cryptocurrencies, but the challenge is that some of them have a low trading volume.

noormcs5

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Do you want to buy or trade in bitcoin? I know that keeping money in CEX is dangerous but you can just buy bitcoin from the exchange (through P2P) and then move the bitcoins to your personal wallets.
Also, you can keep only small funds for trading in the centralized exchange and if you are too much worried about them, there are decentralized exchanges too which may fulfil your purpose of trading.

KiaKia

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Are you trying to buy Bitcoin so that you can trade? You don't even know how to buy, how can you know how to trade? As a newbie in this crypto space, investment takes time and trading is even more harder, I will like if you can take things very slow and start doing your own research first, Bitcoin is the safest and the most popular, followed by Ethereum, do not invest in meme coins or shit altcoins, learn about the differences of crypto wallets and how to keep your digital coins safe, there is a lot to learn, do not rush.

Do you know that you are vulnerable right now?

Do not use a dex that's not popular, the best one is BISQ.

Do not reply to Pms from.anyone on this forum, they are scammers, if anyone want to teach you anything they should come public.

STAY SAFE

RewFrew

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

There has many way to buy Bitcoin. If you want to buy bitcoin to hold you can use coinbase. It will be very secured for you. And manny exchanger are available to buy and trade Bitcoin. All are not bad exchanger. And no any exchanger will ban suddenly, if creat any problem they will notify us. So i think CEX are trusted. Even if you worried you can use coinbase. It will be most secure there has no doubt. And overall i tell you can choose Binance, Kucoin etc exchanger. This exchangers are very trusted and they providing security for our fund.

Cryptoababe

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Quote from: Zee27 on July 11, 2023, 10:50:30 AM

Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yeah, Apart from all these stated, CEXs are very important. As we are seeing most Decentralised Bridge platforms getting compromised these days and millions of funds being stolen while users lose millions of dollars also. I personally use CEX to bridge asset from one network to another by depositing there from one network and withdrawing via another network.

Also, about the right time to buy BTC or not?
The market is speculative. But IMO, this is a very good time to buy . Apart from the market experiencing volatile upward movements, US stocks rose, The market is awaiting US inflation data on Wednesday with core inflation expected to grow by 5% year-on-year e.t.c, there have been good news surrounding Bitcoin lately like Companies managing Trillions filling for Bitcoin ETF. Seems the era of measuring the market cap of BTC in Billions is gonna end soon.

rat03gopoh

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Quote from: Zee27 on July 11, 2023, 10:50:30 AM

Moreover, if you prioritize speed along with security,

An asset will only be "safe" if it is under your own control for long term storage, CEX is only recommended for active trading.

Quote

CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yes, more precisely executing the order, but for their withdrawal it may take longer if suddenly they ask you for additional verification requirements.

Zee27

newbie

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

qwerty6274

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I'd like to recommend you a new swap: XGo. With its lightning-fast transaction speeds, XGo is a top choice for investors looking for a reliable and efficient crypto platform. The real-time market insights from this platform have been game-changing for me. I feel like I'm always one step ahead now.

livingfree

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There is nothing to worry about buying Bitcoin if your sole purpose is just to buy and then withdraw it eventually. Whether it is a common CEX or decentralized exchanges, you choose what makes you convenient in buying since you'll just buy and won't be keeping it there.

Since the list of known DEXes have been mentioned already, here go the others.

List of CEXes

https://coinmarketcap.com/rankings/exchanges/

Gallar

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Quote from: xwz on July 11, 2023, 05:30:54 AM

~Snip

If you want to join and start investing or trading in crypto currency. You can buy these cryptocurrencies on the crypto market, such as binance, coinbase, or kraken. There you can see various crypto assets that can be purchased. But if you are at this point, you must carefully choose the crypto assets that you will invest in or trade. Because there are many crypto assets that have bad quality (shitcoins) and can cause you to lose. So you first find out news or information about the crypto asset that you are going to buy, so you can know the origin and purpose of the crypto asset being made. So after that you will be able to assess how much potential the crypto you have chosen and you can analyze it.

And for the selection of assets, I would advise you to invest and trade in bitcoins. Because in my personal opinion, bitcoin must be owned by anyone who has entered the realm of investment and crypto trading. Because bitcoin is the best and very safe crypto asset, even for beginners. But if you want to try other cryptos, I would also advise you to buy crypto assets that have a minimum rating of 15 and below. Because in my opinion, if you choose an asset in that ranking, at least it will be safer and has quite the potential too.

Z390

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What's BN? And where are you from? Are you worried about your privacy? Or just your investment? Do not risk more than you can afford to lose and you can use P2P if privacy is what you are looking for, for example like Bisq platform.

If you are new to crypto as a whole its better to ignore investment right now and start doing your own research first, be sure to understand what and what not to do in crypto space because lack of knowledge and understanding will result into loss of assets.

Also do not leave your assets on any exchanges, they can't be trusted, your assets are safer in a non custodial wallet that you own it's recovery seed, just do your own research before taking any steps or ask on here first.

Assiduous

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Suggestions on buying digital currency can be following.

1. Since you are brand new to buying digital currency, you can open a cryptocurrency exchange account. This will give you the option to buy digital currency and exchange them to buy digital currency. Coinbase, Binance, and Kraken are cryptocurrency exchange companies.

2.You can select suitable or specific apptocurrency according to your choice to buy digital currency. For example, Ethereum can be a good option if you are interested in blockchain technology. You can also buy Bitcoin if you want.

3. Use a secure cryptocurrency wallet. Your digital currency will play a role of security in this. Be sure to use secure internet. Also beware of phishing links.

Hyphen(-)

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Quote from: xwz on July 11, 2023, 05:30:54 AM

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

As many users have recommended the use of https://kycnot.me/ for the selection of decentralized exchanges that do not require KYC, I am sure they have provided you with enough information you need regarding the selection of a decentralized exchange to use for your Bitcoin purchase.

All you have to do is choose the one you want, download their application on your PC or phone, and proceed.

If you want external security, you can send your Bitcoin to any Bitcoin wallet of your choice from here after buying it from any of these recommended exchanges if you want to hold the Bitcoin for a very long time.

If you want to trade, Centralized exchanges like Houbi, Kucoin, MEXC, and others have good trading features, but make sure you send your funds out from the centralized exchange after trading.

uchegod-21

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BTC, a coin of today and tomorrow.

Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

After reading Op, I do not just understand what Op wants. Does Op want to;

Buy bitcoin
Trade

Whether for buying or for trading purposes Binance serves you well. I do not see Op as such a very privacy concerned person. Those recommending Bisq and the rest may be wasting their time until Op tell us why he is no longer comfortable with CEX like Binance.

SeriouslyGiveaway

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Use centralized exchanges to buy cryptocurrency if you accept KYC.
If you don't want KYC, you have some exchanges but not many https://kycnot.me/?cash=on
Kucoin is in the non KYC list but they will do KYC soon, next 4 days
https://www.kucoin.com/support/360015102254

Don't use Bitcoin and Crypto ATMs if you can have other choices because trading fees with ATMs are very expensive, 5% to 15% or even higher.
https://www.investopedia.com/crypto-atm-6456118

Ndabagi01

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Quote from: xwz on July 11, 2023, 05:30:54 AM

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Many people have offered you advice on where to buy bitcoin and what precautions to take when trading bitcoin on a centralised exchange. Don't ignore this advise; if you don't, you'll end up up losing most, if not all, of your funds in a centralised exchange. You should now understand why centralised exchanges are not recommended for leaving your funds on; individuals who ignore this always end up regretting for their careless behaviour.

And you should now understand why decentralised exchanges are the ideal way to save money if you don't trade frequently. The disadvantage of this type exchange is that when you reveal your private key, your funds are lost. Privacy and security is important in cryptocurrency and you don’t have to joke with them both.

Topic: Doubts about buying digital currency, any suggestions? (Read 263 times)