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Topic: What is the safest way to buy crypto? - page 3. (Read 6067 times)

sr. member
Activity: 1652
Merit: 262
SOL.BIOKRIPT.COM
January 21, 2020, 11:39:20 PM
buy at exchangers that can be said to be large and used by most people, such as yobit or binance. if you are worried about storing bitcoin or other assets on the exchanger, then transfer to your wallet. I think it has become a safe way to buy bitcoin.
sr. member
Activity: 555
Merit: 271
January 21, 2020, 10:28:40 PM
You can check the crypto market in CoinMarketCap and find the exchange that support to deposit fiat money.
Then you can convert it to what crypto do you want and you think this will be the best in next.
sr. member
Activity: 1274
Merit: 278
January 21, 2020, 09:55:53 PM
In comparison to stock market, bitcoin and crytpocurrency works very different in terms of buying it. We don't need any brokers or to have someone to be the third party to help us buy bitcoins.Despite of this, there is still an issue when it comes to anonymity in buying bitcoin because of most local exchange that requires verification first for you to utilize bitcoins. So for me, the way we could make ourselves still safe is to have some friends that could let us buy bitcoin in dollars.
member
Activity: 812
Merit: 11
January 21, 2020, 09:09:51 PM
in my opinion binance exchange is the safest exchange at the moment and also binance exchange does not require user's personal data if cryptocurrency withdrawals below 1 btc
Are you sure binance does not require users to go through KYC process? As far as I remember, users must submit full documents and must be verified before they can actually buy crypto currencies with fiat from binance. Also, sometimes bank transactions get held/frozen and that becomes quite a hassle. The fees are also insane. The best way to buy bitcoins or any crypto currency is through p2p transaction. Use localbitcoins for that.

Binance requires KYC if we want to withdraw a certain amount but in my opinion if we don't make suspicious transactions, I think KYC can be done for the security of our investment. Peer to peer transactions in my opinion are risky because there have been many cases of fraud unless we use an escrow account
full member
Activity: 1470
Merit: 103
COMBO 2.0
January 21, 2020, 07:36:09 PM
Junior Member with 4 Merit I think you should worth those things as a forum member here by now Simple things like this are just simple for you to handle effectively for sure Buying is easy choose trusted exchange with good reputation Most support card payment now
full member
Activity: 798
Merit: 101
January 21, 2020, 06:36:04 PM
If you are concerned about your own personal data leakage. You can choose some exchanges that do not require KYC, it seems that it is only the withdrawal limit, and there are no other problems, or you can use ATM offline to buy cryptocurrencies, which requires ATM provided by your country. There is also a good choice that you can buy with a credit card. It depends on your choice.
jr. member
Activity: 76
Merit: 2
ApeSwap.Finance
January 21, 2020, 02:45:02 PM
Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

Sure it is safe to use non-custodial  wallets. AtomicWallet, changelly can serve you well. I personally use AtomicWallet.  It's a wallet but a multi-purpose one. I can swap my assets to my choice in just few seconds using Atomic swap DeX. You may try it out.
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
January 21, 2020, 02:06:54 PM
Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!
You can actually try those exchanges that allows you to transact and send money safely. You can try binance since it is one of the most popular exchanges out there. Choose what coin you want to invest to and deposit the money that you are going to use to pay that coin preferably it is on USD. Check out also the other exchanges out there.
full member
Activity: 1048
Merit: 101
January 21, 2020, 02:06:37 PM
if I'm not mistaken that Binance was hacked by scamers at the time, it can be said that large companies still have some weaknesses in some respects. but in reality some scamers can hack their exchange. but apart from that I personally still believe in them, because they are responsible for their users, after the hacking happened at that time and my money was fully returned. You can try buying crypto there.
sr. member
Activity: 1071
Merit: 253
January 21, 2020, 01:48:01 PM

Personally, I think in order to purchase cryptocurrency you need to use the exchange. At the moment, the safest trade is a decentralized exchange. Now a decentralized exchange is the safest for trading.
Yeah there are so many exchanges but it’s not good to trust all but we should use good exchange a like binance indodax and kokex and some other good exchanges that we have in market so to invest just check the previous history of the coin and the project as sometime people get scammed by using any project without making any kind of researchers so be good and invest only in trust worthy exchanges.
jr. member
Activity: 1876
Merit: 5
January 21, 2020, 11:06:43 AM

Personally, I think in order to purchase cryptocurrency you need to use the exchange. At the moment, the safest trade is a decentralized exchange. Now a decentralized exchange is the safest for trading.
copper member
Activity: 1218
Merit: 1
January 21, 2020, 10:58:05 AM
Binance exchange, I believe that this is the most reliable and secure exchange
I use it regularly

do not use new exchanges to exchange it may not be safe
newbie
Activity: 226
Merit: 0
January 15, 2020, 04:05:16 PM
in my opinion binance exchange is the safest exchange at the moment and also binance exchange does not require user's personal data if cryptocurrency withdrawals below 1 btc
Are you sure binance does not require users to go through KYC process? As far as I remember, users must submit full documents and must be verified before they can actually buy crypto currencies with fiat from binance. Also, sometimes bank transactions get held/frozen and that becomes quite a hassle. The fees are also insane. The best way to buy bitcoins or any crypto currency is through p2p transaction. Use localbitcoins for that.

I'm pretty sure Binance require KYC and it is necessary for any transaction. I like localbitcoins too, is a very safe place to buy through p2p transaction.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
January 15, 2020, 03:19:26 PM
in my opinion binance exchange is the safest exchange at the moment and also binance exchange does not require user's personal data if cryptocurrency withdrawals below 1 btc
Are you sure binance does not require users to go through KYC process? As far as I remember, users must submit full documents and must be verified before they can actually buy crypto currencies with fiat from binance. Also, sometimes bank transactions get held/frozen and that becomes quite a hassle. The fees are also insane. The best way to buy bitcoins or any crypto currency is through p2p transaction. Use localbitcoins for that.
jr. member
Activity: 392
Merit: 2
January 15, 2020, 01:53:42 PM
I believe you can use direct bank deposits on binace Exchange  and purchase crypto there. Right now the most genuine crypto trade and they additionally have low exchanging and withdrawal charges. And I actually really like Store your cash by means of bank move to Binance trade and purchase crypto there. Right now I actually like changelly but its too expensive to use and i hope they reduce their fees soon
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
January 07, 2020, 05:30:05 AM
Before planning to purchase cryptocurrency , you should be very clear about rules in your country for buying and selling cryptocurrency. In many countries government are banning for any crypto transactions. If you r country is not in the list then you should choose many crypto buying sites like binance, coinbase and much more.


I think that in this situation, when the government prohibits any cryptocurrency transactions, you can use intermediaries to purchase cryptocurrencies.  In addition, with the help of Bestchange you can buy cryptocurrency for the funds that are in your bank account.  In this case, fiat funds are transferred from one user to another, but you indicate your cryptocurrency wallet to which your coins will come to you.  It is thanks to Bestchenge that you can recognize a reputable exchange, because in other cases there may be a risk of fraud.

But by this way you are violating terms proposed by he government. Better keep in mind that if you are planning to buy any crypto then you do it with your own risk
Yes, so risky when your country doesn't accept any cryptocurrency trading! Before doing that, some pieces of knowledge about "security and anonymous on the Internet" are necessary. VPN, Tor, or VPS are useful for this thing, but as I said, the security is also one of the most important things must you care about it.
full member
Activity: 714
Merit: 104
January 07, 2020, 04:24:23 AM
Before planning to purchase cryptocurrency , you should be very clear about rules in your country for buying and selling cryptocurrency. In many countries government are banning for any crypto transactions. If you r country is not in the list then you should choose many crypto buying sites like binance, coinbase and much more.


I think that in this situation, when the government prohibits any cryptocurrency transactions, you can use intermediaries to purchase cryptocurrencies.  In addition, with the help of Bestchange you can buy cryptocurrency for the funds that are in your bank account.  In this case, fiat funds are transferred from one user to another, but you indicate your cryptocurrency wallet to which your coins will come to you.  It is thanks to Bestchenge that you can recognize a reputable exchange, because in other cases there may be a risk of fraud.
hero member
Activity: 3010
Merit: 524
Leading Crypto Sports Betting & Casino Platform
January 06, 2020, 07:51:49 PM
I guess buying the cryptocurrency is much safer when to peer to peer or there is an local exchange near your place. And i am buying from my local exchange and no issue at all.

And i would not suggest to buy from an exchange or since i think it's not safe to provided your personal information or card number.
Buying from an individual is fine if you can deal with them and ensure your own safety though if you are making a huge transaction it'll be another problem. There are chances that you'll get robbed which is far worse than being scammed because you're risking your life there although as I said earlier, if you can manage it's fine. But, I'd definitely prefer to deal indirectly through trusted third party which is popular exchange rather than risking my life. I mean 0.1 BTC is not worth my life.
sr. member
Activity: 1274
Merit: 264
January 06, 2020, 07:45:08 PM
I guess buying the cryptocurrency is much safer when to peer to peer or there is an local exchange near your place. And i am buying from my local exchange and no issue at all.

And i would not suggest to buy from an exchange or since i think it's not safe to provided your personal information or card number.
newbie
Activity: 28
Merit: 1
January 06, 2020, 07:32:22 PM
The safest way o buy crypto is buying from a good and reputable exchange like BINANCE, BITTREX, POLONIEX, OKEX, KUCOIN and the likes. Reason been that they are easy to use and likewise have sophisticated technology to enhance security
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