Exploring the Best Ways to Buy Crypto

[hustlebuddy0]

One of the reasons why crypto is as popular as it is now is because of how accessible it is.

There are so many options available for anyone that wants to get crypto, options like crypto exchanges where you can get crypto without any hassle, or escrow platforms, or even decentralised exchanges, the list goes on.

While there are several debates on which of these are the best options for the average user like me and you, it's obvious that they've all contributed one way or another to ensure that crypto's reach is as wide as possible.

I'd like to know what your preferred option is when you want to make a purchase.

[Gurujebs]

While there are several debates on which of these are the best options for the average user like me and you, it's obvious that they've all contributed one way or another to ensure that crypto's reach is as wide as possible.

I'd like to know what your preferred option is when you want to make a purchase.

I'm still searching for a great way one can buy coin without utilizing the centralized p2p choice, they seems to be the best and easiest way for many people but the active participation on kyc is not nice, you can't trade unless you have your kyc verified. I know they do this to prevent scams but the exchange can do without verification unless they fear perhaps government policy.

Decentralized platforms that offer p2p where you can buy and sell your Bitcoin doesn't have liquidity like the rest of these centralized exchanges, some centralized exchanges that doesn't have much trading volume upto the Dex volumes does have patronize of p2p activities than these Dex p2p and it's very concerning.

[Mia Chloe]

Well just like I always say , crypto is more like a breakthrough to the digital and online transaction and banking system. Crypto more like put aside the currency barrier when you try transacting across different countries. Almost everything online can now be paid with crypto and it really has made things easier in terms of online transactions.
When it comes to buying crypto, you can either make use of P2P either online or physically or you alternatively buy directly from an exchange especially centralised exchanges since most people are more familiar and feel safer with them. Some centralised exchanges host P2P marketplaces where they act more like an escrow between you and the seller.

[albon]

Cryptocurrency exchanges are online marketplaces or platforms that allow you to buy, sell or trade different cryptocurrencies. Crypto exchanges facilitate transactions by matching buyers and sellers by providing a platform for transactions. All these big exchanges have to use kyc but because of that your account will be strong. Before creating an account with any cryptocurrency exchange, make sure your investment is safe.
Dex is a platform that works without the need for a central authority. They enable peer to peer trading of cryptocurrencies directly between users without the need for a trusted third party to hold funds.
On the other hand, the p2p exchanges are online platforms that allow users to trade crypto assets directly and privately without intermediaries.

[electronicash]

since the time when p2p is available, people are buying BTC and stablecoins using p2p on exchanges. this is the most common i think in my country because i doubt if there are many are going to be using their credit card to buy cryptocurrency.

i sell my BTC on p2p, its more convenient and we can already use the local fiat payment system to receive from p2p , this is like instant transaction that we can already finish the deal within minutes.

[sampoerna]

I'd like to know what your preferred option is when you want to make a purchase.

Both CEX and DEX, or even P2P have their own advantages. And everyone will definitely choose them or maybe use all three for that.

But personally, I prefer to use CEX, so far, and sometimes DEX for the latest coins and looking for gems. However, you still have to be vigilant and smart in choosing which CEX or DEX, so that we can avoid scams or fake platforms.

Personally, I would prefer some platforms that are indeed top and easy to access. Especially Binance, this is the main CEX platform that I often use. As for DEX, it will depend on what coins I am looking for, but more often to Pancake swap.

As for making withdrawals, for example to a bank account, I will automatically use a local exchange in my country, such as Tokorcypto, Pintu, or Indodax. They are official exchanges in my country and are under the auspices and regulations registered with the government agency.

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

[bayu7adi]

I'd like to know what your preferred option is when you want to make a purchase.

It's not really what I like, but what I consider more... the first is the popularity of the platform or intermediary individual who connects me with the seller, or if the purchase is p2p, the seller's reputation is what I consider... between the popularity and reputation of the party I am in contact with is always the main consideration so that my funds remain safe and the cryptocurrency I want is also safe.... I can say that popular exchanges are quite trustworthy to store some of my assets, but of course I am still careful with the bad possibilities that can happen at any time....

For p2p purchases, I prefer cryptocurrency sellers who have positive reviews and are more recommended by my trusted friends who have tried it before... and please note, transactions with individuals directly, I often do in stages... for example, I will buy crypto for $10, then I will buy it in 2 stages of 2 x $5 to minimize if something strange happens.

[Primo1760]

One of the reasons why crypto is as popular as it is now is because of how accessible it is.

There are so many options available for anyone that wants to get crypto, options like crypto exchanges where you can get crypto without any hassle, or escrow platforms, or even decentralised exchanges, the list goes on.

While there are several debates on which of these are the best options for the average user like me and you, it's obvious that they've all contributed one way or another to ensure that crypto's reach is as wide as possible.

I'd like to know what your preferred option is when you want to make a purchase.

I always use exchanges to buy cryptocurrencies because exchanges seem the safest to me. Although want to buy cryptocurrency with my home currency but in that case I buy cryptocurrency with my home currency through p2p from exchange. Many may say which exchange to use to buy crypto currency? I always use binance exchange to buy cryptocurrencies which is very very safe for me. But I haven't used Escrow service till now so I don't have good experience with Escrow service.

[bitterguy28]

One of the reasons why crypto is as popular as it is now is because of how accessible it is.

in the world where almost everything is digital cryptocurrencies have pushed boundaries and have paved the way for digital currencies and payment being able to hold money digitally is convenient and perceived much safer compared to carrying cash with you or keeping them at your house at all times

I'd like to know what your preferred option is when you want to make a purchase.

it depends

some people just buy directly in a wallet so they can hold them for infinite amount of time while some buy in an exchange for trading each platform is different and transaction fees are a huge part of deciding what way do i want to purchase my crypto

[Pastaral]

Buying crypto should always be done with proper planning and well researched and experienced so that you can grow your money later on.  If you hold on to these qualities and invest, you can increase your chances of improving your finances.

[Gposas]

The best and easiest way to buy crypto is the p2p method on exchanges, it's reliable and fast for most top exchanges and it's also safe. I believe it's the most common and we'll known method of purchasing crypto.
But now we see top exchanges like Binance, Kucoin restricting their p2p method for some reasons, making users to locate exchanges where p2p purchase method is working and also pushing other exchanges without p2p to start up such purchase method
 

[libert19]

I prefer fiat on-ramps, I feel they are convenient than anything else, some time ago they didn't require kyc, which was icing on cake but it's still ok.

[TomPluz]

One of the reasons why crypto is as popular as it is now is because of how accessible it is. There are so many options available for anyone that wants to get crypto, options like crypto exchanges where you can get crypto without any hassle, or escrow platforms, or even decentralized exchanges, the list goes on. I'd like to know what your preferred option is when you want to make a purchase.

When Binance was still doing business here in my country, I really preferred to use their P2P marketplace in buying and selling my crypto needs. And it is because of the convenience and the security involved in the process since both sides are really protected to the max. Right now, money apps operating here are now also into cryptocurrency on a limited basis and many are getting into crypto because of them...all because of easy access. When people are not anymore going through the hassles and the risks present years ago, they are more inclined to invest with their favorite coins and tokens. And this is actually good news for the whole crypto industry.

[libert19]

^ I agree with your sentiment, my two friends frequently use binance p2p since long time and they have had good experience so far, no scam till date.

[Zaguru12]

The best and easiest way to buy crypto is the p2p method on exchanges, it's reliable and fast for most top exchanges and it's also safe. I believe it's the most common and we'll known method of purchasing crypto.
But now we see top exchanges like Binance, Kucoin restricting their p2p method for some reasons, making users to locate exchanges where p2p purchase method is working and also pushing other exchanges without p2p to start up such purchase method

I agree that using centralized exchanges to buy or sell bitcoin is the easiest way but not the best, the best to me would be a platform without actual asking for KYC but most of the exchanges today do ask for KYC which many people find not attractive. But in terms of ease the centralized exchanges are a place to go to, they have higher liquidity than decentralized exchanges and they are more user friendly than them also.

As for the restrictions on this exchanges it bows down to the individuals country. There are countries now that this exchanges have regularization problems with and they needed to restrict the countries citizens to avoid sanctions. Although you can still perform other actions there too.

^ I agree with your sentiment, my two friends frequently use binance p2p since long time and they have had good experience so far, no scam till date.

The thing is you hardly get scammed on centralized exchanges like this except you are naive yourself, once you don’t release your funds except you have confirmed payment then you’re good to go