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Author Topic: Exploring the Best Ways to Buy Crypto  (Read 2934 times)

Offline Dr.Bitcoin_Strange

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Re: Exploring the Best Ways to Buy Crypto
« Reply #15 on: August 23, 2024, 11:52:01 AM »
Cryptocurrency is one of the best investment right now in the world and cryptocurrency has made a lot of people rich and has also helped in building the economy of the world and has brought people far and wide to do business together because transactions has now been made easy.
Any method you feel is best for you to buy cryptocurrency is good and you can take it however buying cryptocurrency is not a problem is very easy and being easy to buy cryptocurrency is one thing that makes it unique is not stressful and any method or means you use will give you same result but is not all coin you need to buy because you will lose money at the end of the day that is why they say cryptocurrency is very risky yes what makes it risky is choosing or buying and holding a shitcoin, when you talk about risky or low risk coin to buy then is Bitcoin.
Bitcoin is the first crypto coin to be created and the best crypto coin in the world and it has made a lot of people very rich, when you invest in Bitcoin you reduce your the risk of losing your money the only way you can lose your money in Bitcoin is when you involve in Bitcoin trading or short term Bitcoin investment when you involve in this Bitcoin investment strategy you can lose your money but if you engage in long term Bitcoin investment the risk of losing your money will not be there.
A lot of newbies fear in buying cryptocurrency because they feel they may buy and the exchange will not send them the coin well sometimes this things happens that's is why you need to use an exchange that is know world wide, go on research about that online and you will fine out the best exchange to use is not something that you should fear for, all you should do as a newbie is to choose the right coin which is Bitcoin am recommending it.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #15 on: August 23, 2024, 11:52:01 AM »

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Offline Jating

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Re: Exploring the Best Ways to Buy Crypto
« Reply #16 on: August 23, 2024, 12:35:42 PM »
^ 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.

You just have to be very careful on P2P though, I have friends who got scam although I will say that they are gullible to fall for it. They do exchange their crypto for fiat, and then they found this scammers offering too good to be true exchange rate. And then they do the supposedly transactions and says that they have sent the money already without my friends checking his wallet. So there are still a lot of scammers everywhere and our very weapons is to really be mindful and knows what the scams so that we can avoid it. If he just check his wallet first before releasing his crypto, he wouldn't be scam at all.
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Re: Exploring the Best Ways to Buy Crypto
« Reply #16 on: August 23, 2024, 12:35:42 PM »

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Offline Cryptsafe

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Re: Exploring the Best Ways to Buy Crypto
« Reply #17 on: August 23, 2024, 07:06:24 PM »
Buying of Crypto should not be much of a challenge but however, security and safety became more paramount for the individuals transacting hence third parties and exchange came into play and this made it more easier for Crypto purchase and adoption as well.

P2P should have been the best option but the risk involved in it is so much that third party exchange came into play to salvage the situation and since they got involved, the risk dropped to minimal level but however, it requires some identification process before one could be able to use the platform. Till date, crypto exchange seems to be more safer to purchase token after listing or one taking part in a Crypto launchpad to be able to get a certain percentage of the token they intend owning.

Avoid physical meeting with buyers or sellers of Crypto if you do not know them. It is not safe and possibly not advisable to do. What is the point risking your life when you can buy any token via exchange and transfer to your self custodial wallet for keeping.
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Offline luckyledger

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Re: Exploring the Best Ways to Buy Crypto
« Reply #18 on: August 23, 2024, 10:06:39 PM »
^ 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.

You just have to be very careful on P2P though, I have friends who got scam although I will say that they are gullible to fall for it. They do exchange their crypto for fiat, and then they found this scammers offering too good to be true exchange rate. And then they do the supposedly transactions and says that they have sent the money already without my friends checking his wallet. So there are still a lot of scammers everywhere and our very weapons is to really be mindful and knows what the scams so that we can avoid it. If he just check his wallet first before releasing his crypto, he wouldn't be scam at all.

Responsibility is above all. After all, our funds are in our own hands. I hope your friends got their lessons straight.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #19 on: August 23, 2024, 10:13:00 PM »
Buying of Crypto should not be much of a challenge but however, security and safety became more paramount for the individuals transacting hence third parties and exchange came into play and this made it more easier for Crypto purchase and adoption as well.

P2P should have been the best option but the risk involved in it is so much that third party exchange came into play to salvage the situation and since they got involved, the risk dropped to minimal level but however, it requires some identification process before one could be able to use the platform. Till date, crypto exchange seems to be more safer to purchase token after listing or one taking part in a Crypto launchpad to be able to get a certain percentage of the token they intend owning.

Avoid physical meeting with buyers or sellers of Crypto if you do not know them. It is not safe and possibly not advisable to do. What is the point risking your life when you can buy any token via exchange and transfer to your self custodial wallet for keeping.
If I prefer to make transactions on the exchange rather than P2P, because our security on the exchange is higher. but it all depends on each individual's considerations. But so far I have only made purchases and sales of coins on binance and Kucoin. Sometimes I also do it on local exchanges.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #20 on: August 23, 2024, 10:34:12 PM »
---
I'd like to know what your preferred option is when you want to make a purchase.
Binance P2P.
That's my go-to whenever I want to buy or sell cryptocurrencies.

I find it convenient and although there are some who wants to use other P2P platforms, it's all about how comfortable we are when it comes to transacting with others. I've been using Binance P2P for quite some time and luckily, I didn't experience anything bad from the buyers or sellers. No scam since you can see who's reputable and who's not. Some might say that we need to be careful whenever we make transactions via P2P, and it's true because there's no 3rd party between the two. Whatever the case is, we have our preferred exchanges/platforms to sell/buy cryptocurrencies.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #21 on: August 24, 2024, 07:43:27 PM »
I think the best option is to look into the exchanges you are currently using and choose the most beneficial way to buy crypto, rather than just looking for the best options based on people's opinions.
For me, I always prefer to purchase through P2P, but I do use other options if they're also free like P2P or if I find them very enticing or they come with extra value.
An example is when I recently used Google Pay to buy crypto on Bitget with zero fees and some bonuses, which I have not even used yet. This is also why I have multiple exchange accounts, because offers like this can be available on different exchanges. I've once gotten the same kind of offer from Binance a year ago, and I used my bonus to buy SOL, which increased more than 10x in value.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #21 on: August 24, 2024, 07:43:27 PM »


Offline 0t3p0t

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Re: Exploring the Best Ways to Buy Crypto
« Reply #22 on: August 24, 2024, 08:21:18 PM »
Of course popular and top centralized exchanges are way better choice but here in my country digital e-wallets are also offering buying and selling services which makes it more convenient and comfortable for us the only thing is that differences matters when we are considering transaction fees so yeah it always depends upon the situation and decision we had.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #23 on: August 24, 2024, 10:25:35 PM »
I'd like to know what your preferred option is when you want to make a purchase.
You should of course choose to buy your cryptocurrency from top exchanges and not individuals, or even persons, from this forum because, although the intention of this forum is for good, there are people in the forum who still have bad intentions towards other people looking for people who are looking for ways to buy cryptocurrency or places to invest their money for them to lure them into scamming them. As I would always say, never trust people easily, especially anyone who sends you a private message offering to help you.
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Re: Exploring the Best Ways to Buy Crypto
« Reply #24 on: August 24, 2024, 10:53:42 PM »
My option is just like most others option and that's crypto exchanges. I always buy crypto from exchanges and keep increasing my holdings overtime. In fact, the exchanges are must for me because I'm also a trader and for trading purpose use of exchanges is necessary for me.

I believe anyone can easily purchase Bitcoin or any other crypto currency these days via exchanges and at exchanges the best way to purchase Bitcoin or any other crypto currency is via P2P trading. So far I haven't had any issue with it and I believe it will work for others as well.
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Offline Cryptsafe

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Re: Exploring the Best Ways to Buy Crypto
« Reply #25 on: August 24, 2024, 11:08:29 PM »
Buying of Crypto should not be much of a challenge but however, security and safety became more paramount for the individuals transacting hence third parties and exchange came into play and this made it more easier for Crypto purchase and adoption as well.

P2P should have been the best option but the risk involved in it is so much that third party exchange came into play to salvage the situation and since they got involved, the risk dropped to minimal level but however, it requires some identification process before one could be able to use the platform. Till date, crypto exchange seems to be more safer to purchase token after listing or one taking part in a Crypto launchpad to be able to get a certain percentage of the token they intend owning.

Avoid physical meeting with buyers or sellers of Crypto if you do not know them. It is not safe and possibly not advisable to do. What is the point risking your life when you can buy any token via exchange and transfer to your self custodial wallet for keeping.
If I prefer to make transactions on the exchange rather than P2P, because our security on the exchange is higher. but it all depends on each individual's considerations. But so far I have only made purchases and sales of coins on binance and Kucoin. Sometimes I also do it on local exchanges.
Exchange p2p is a bit okay to start with because with the exchange itself would make sure things works orderly as a their reputation would be at stake if anything goes wrong. On the other hand,  traders would be very cautious because they would not want to loose their assets with the exchange so they would prefer to be at utmost behaviour so as not to indite themselves but however, one needs to be more careful and cautious while dealing  with p2p platforms irrespective of the setup.
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Offline Mr. Magkaisa

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Re: Exploring the Best Ways to Buy Crypto
« Reply #26 on: August 24, 2024, 11:19:37 PM »
       -       Buying cryptocurrency is actually one of the main reasons for us to get profit here in the future or even every day that we expect. It is really necessary that we have an idea or know about them.

We know that risk is too high due to the volatility that exists here, and secondly, we should also prioritize buying crypto from well-known exchange site platforms and not from unknown exchange platforms.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #27 on: August 25, 2024, 04:41:38 AM »
^ 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.

You just have to be very careful on P2P though, I have friends who got scam although I will say that they are gullible to fall for it. They do exchange their crypto for fiat, and then they found this scammers offering too good to be true exchange rate. And then they do the supposedly transactions and says that they have sent the money already without my friends checking his wallet. So there are still a lot of scammers everywhere and our very weapons is to really be mindful and knows what the scams so that we can avoid it. If he just check his wallet first before releasing his crypto, he wouldn't be scam at all.

Well, obviously you are supposed to release crypto only after receiving money in your bank account but still scams can happen as scam buyer can chargeback the transaction — I was scammed this way several years ago.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #28 on: August 25, 2024, 05:11:49 AM »
We know that risk is too high due to the volatility that exists here, and secondly, we should also prioritize buying crypto from well-known exchange site platforms and not from unknown exchange platforms.
sorry bro, but Mt Gox used to be a famous exchange and well know too, and we all know that MT Gox eventually got into trouble.. in my personal opinion, for the purpose of buying or selling cryptocurrency, do it on a more trusted and reputable platform... if you want 99% security, then make sure it is clear in terms of legal channels and has a clear reputation...

Until now, decentralized exchanges still have many notes, so many communities have not been able to fully adopt decentralized exchanges.

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Re: Exploring the Best Ways to Buy Crypto
« Reply #29 on: August 25, 2024, 05:42:28 AM »
We know that risk is too high due to the volatility that exists here, and secondly, we should also prioritize buying crypto from well-known exchange site platforms and not from unknown exchange platforms.
sorry bro, but Mt Gox used to be a famous exchange and well know too, and we all know that MT Gox eventually got into trouble.. in my personal opinion, for the purpose of buying or selling cryptocurrency, do it on a more trusted and reputable platform... if you want 99% security, then make sure it is clear in terms of legal channels and has a clear reputation...

Until now, decentralized exchanges still have many notes, so many communities have not been able to fully adopt decentralized exchanges.
Mt Gox is indeed one of the big exchanges, but when there was a problem that eventually made many bitcoins of the exchange users finally trapped and had difficulty to be withdrawn. These are some of the risks when we store assets to the exchange so this should be an important lesson for all of us that if we want to store Cryptocurrency assets, it is better to store them in a safer external wallet.

 

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