What type of challenge do you face when you want to buy or sell bitcoin? - page 2.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Buying and selling Bitcoin in my country is quite easy. The only thing is the high deficit in conversion. There is 5% to 7% discrepancy between buying and selling BTC. There is no problem in buying but once we convert it to fiat, it automatically deduct this percentage.

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3. Can you share with me how your process look like?

As of the process, it is simple, if we want to buy BTC we will just make an order from the site then an order receipt will be given to us where we will present it to the outlet where we can pay such as banks, convenience store and remittances. Same goes when we sell it, we can encash it through banks and remittance.

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4. Which app or site do you like and why?

I have been using coins.ph and rebit.ph, since they have been around for sometime and their interface is user friendly.

Rahman11

sr. member

Activity: 1428

Merit: 250

I just buy/sell bitcoin by local currency and I am feel comfortable for this! I am not go for exchange bitcoin with other cryptocurreny! because exchangers demanded extra fee for exchange and after withdraw!

BeManga

sr. member

Activity: 962

Merit: 269

CryptoDirectories.com

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

the challenge you will experience in crypto is when to buy or sell crypto because price is unpredictable and for trading just use highly reputable exchange before using them make your own research for apps i only use the one where you can monitor the price of different crypto like blockfolio

Fedrey

member

Activity: 644

Merit: 10

I am very sorry that many cryptocurrency users have problems buying Bitcoin. I live in a country where there is no official legalization of cryptocurrency, but nevertheless the use of cryptocurrency is not prohibited. Thus, I can by any means through online resources buy any cryptocurrency and trade it without problems. .

rdluffy

legendary

Activity: 2366

Merit: 1408

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?
The real challenge for me, in my country is the fact that every exchange have "maintenance" every week and the process to deposit or withdraw fiat and cryptos are really slow

2. How the buy and sell process looks like? it is easy or not?
It's very easy to deposit, buy and transfer, the process itself is easy

3. Can you share with me how your process look like?
I make a transfer between my bank and the exchange and them I make a order to buy the desired coin

4. Which app or site do you like and why?
I really like Binance, Bittrex and Kucoin, they know how to work and they are very professionals

Tipstar

sr. member

Activity: 1932

Merit: 300

Vave.com - Crypto Casino

It's not much difficult to buy and sell bitcoin for other cryptos.
But's it's still too much difficult to buy and sell bitcoin for fiat. Most of the fiat exchanges takes insanely large fees. There are issues on every step. The support for most of them are useless and it's much better to find a like minded person and trade it with them rather than going with the hassle of exchanges.

baundul

full member

Activity: 307

Merit: 100

After earning Bitcoin, I could not think of what to do. There are solutions to every problem. It was almost impossible to sell Bitcoin in the first time. It was difficult to believe online. Believe in the blind and start trading with local dealer. And during the exchange, choose the best exchanges. There is no problem now.

waynechong1995

full member

Activity: 644

Merit: 117

swing!

On the fiat -> crypto side, choices is pretty limited, usually what you can buy/sell were ETH, BTC and stables as they are more regulated on papers regarding these assets, platforms like remitano, localbtc and localethereum is pretty established, but you have to deal with local fiat fluctuations as crypto stick USD mainly.

Other alts is totally different stories, its the place where you can diving in danger in search of a coin that bring the greatest returns, over there its about how you buy/sell against BTC or stables. Most of the trading challenges take places here.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

trust is the only challenge that i have ever faced and that is only because whenever i sell bitcoin, i do it off the exchanges and since peer to peer trades are hard and require trusting the other party, it has proven to be challenging for me. although it has never been hard enough to make me want to look for any other ways and after a while you always find connections to do things easier.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

None so far. The exchange I'm using is pretty straightforward and there are no complicated steps or whatsoever that I have encountered in my last 4 years of trading.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

2. How the buy and sell process looks like? it is easy or not?

Pretty easy. Create a sell order, choose what method would you like to receive your funds and confirm checkout/exchange. Processing takes about a few minutes time and you're good to claim your cash on money remittance centers or wait for a full banking day to get your funds in your bank account.

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

3. Can you share with me how your process look like?

Refer to #2

Quote from: lukaszba on July 05, 2019, 05:32:08 AM

4. Which app or site do you like and why?

While I'm here in the Philippines, I'm using coins.ph and Abra if I want quick cash and bitcoins. If I'm in Canada, I mainly use CoinSquare, though I haven't used them for about 2 years now, and I don't know how they'd evolved for that time.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

I think it just revolves around will I really buy or just wait? Just that struggle. We are dealing with a volatile crypto currency, we don't know what will be the movement, it may be a dump or a pump that is the reason I am getting hesitant to buy or to wait more longer for the price to get lower. If you don't know how to analyze price charts, it is really hard so my suggestion is to learn how to analyze them. It will really help you.

agatha90

full member

Activity: 616

Merit: 100

The challenge when buying coins determines which coins are good to buy, bitcoin or altcoin, to buy altcoins I usually choose binance exchange, ieo coins are certainly potential, buy in a down market condition and need to pay attention to how much the coin volume.

Money_catcher

newbie

Activity: 13

Merit: 0

In fact, there is not something very complicated. For money transfers there are wallets that specialize in this. For exchange / trade crypto exchange are used. Choose which one suits you (considering the country and payment systems that are popular with you). Also pay attention to the exchange rate in order to profitably exchange.

lukaszba

newbie

Activity: 1

Merit: 0

Hello, everyone.

I have a few questions. Can you help me with?

1. What type of challenge do you face when you want to buy or sell bitcoin or any other crypto?

2. How the buy and sell process looks like? it is easy or not?

3. Can you share with me how your process look like?

4. Which app or site do you like and why?

Cheers,

Lukasz

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