How to Buy Bitcoin-Cash Safely and Securely
Whether you’re new to crypto or simply looking to diversify your portfolio, buying bitcoin-cash is an easy way to get started. However, it’s important to choose a safe and secure way to do so.
One option is to buy bit kurs cash from a cryptocurrency exchange. This is a convenient and safe way to buy cryptocurrency, but it may be more expensive than other options.
1. Exchanges
Exchanges are a convenient way to buy bitcoin-cash and many other digital currencies. They also offer a variety of payment methods, low fees and good liquidity.
Buying on an exchange requires registration, verification of your identity and depositing funds. This process is necessary to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) rules that most global crypto exchanges must abide by.
Some crypto exchanges charge higher transaction and withdrawal fees than others. These fees vary according to the exchange and country in which you live.
2. Over-the-counter (OTC) Matching
Over-the-counter (OTC) matching, as the name suggests, is a way to buy and sell large amounts of crypto without using an exchange. This allows for a more intimate and less regulated approach to buying crypto, making it an attractive option for many buyers.
OTC desks operate by matching sellers and buyers, tapping into an exchange’s order book or fulfilling orders automatically from their own liquidity pool. This allows them to minimize their overhead and risks, and to offer instant transactions for their clients.
OTC desks also have a separate banking structure from their exchanges, which means that banks cannot easily determine the funds sent to them are destined for cryptocurrencies. This makes it a more private and secure place to exchange.
3. Bank Transfer
There are a number of ways to transfer money between bank accounts. Some of these include using a check or money order at a bank branch, online, through a mobile app or by mail.
Another option is to use a wire transfer. These transfers are relatively fast, although they can be expensive.
The first step is to choose the type of transfer you want to make. There are two main types: domestic and international bank transfers.
Once you have chosen the payment method, you will need to enter your bank account details. These can include your account number, sort code and more.
4. Liberty X Mobile App
Liberty X is a nationwide real-world exchange network for bitcoin that enables you to buy cryptocurrency in-person at local stores. The platform offers 19,000+ locations across 45 states to make purchasing digital currency simple and accessible.
To buy crypto with cash, simply download the Liberty X app on your mobile device and sign up. The app will show you a list of merchants nearby and let you select which one you want to visit. Then, you will be given a barcode that must be scanned at the cashier’s counter.
5. Bybit
Bybit is a leading European digital asset exchange that offers easy and fast access to the world of cryptocurrency. Its user interface is designed to cater to a broad range of investor types from beginners to professional traders on its Pro platform.
Traders can buy and sell over 150 different cryptocurrencies. The most popular pairs include BTC/EUR, ETH/EUR and XRP/EUR.
For trading, Bybit charges a standard 1.49% fee. This is higher than the industry average of 1% but it’s significantly cheaper than a 5% or more fee.
Deposits and withdrawals are free when using the Bybit https://www.bybit.com/en-US/ mobile app, but there’s a fee for bank transfers. Crypto deposits have minimum amounts and fees that vary by asset, while fiat deposit and withdrawal fees are also variable.