Secure Methods for Buying Bitcoin

Cryptocurrency is a decentralized encrypted digital currency controlled based on cryptographic methods. It boasts of many useful features with privacy being the most relevant among them in our case. By conducting financial transactions in BTC, clients maximize anonymity and make it impossible to identify participants. Therefore, clients are advised to replenish their Snap-Tracker™ account balances in Bitcoin.

Bitcoin is a global payment system. All transactions in BTC are performed using a similarly-named digital currency. Unlike traditional financial instruments, BTC exists without any management or processing center. Currently, BTC market is rather widely scaled. And thanks to modern technologies, you can buy Bitcoin in just a few steps.

Cryptocurrency can be bought using special exchanges, wallets and exchangers. All of these methods are secure and mitigate fraud-related risks. Users may choose particular option based on their personal preferences. The need to undergo the KYC procedure is virtually the only significant disadvantage of such wallets and exchangers. During this procedure users have to provide copies of their identity documents. This fact causes user complaints, since the KYC procedure violates the keystone of any cryptocurrency - complete anonymity and confidentiality.

The only way to avoid participating in the KYC procedure for a user is to buy cryptocurrencies directly from a seller (being a private individual). One can do it in just a few minutes, following this step-by-step guide.

Below, there's info on two cryptocurrency buying methods considered to be the best.

localbitcoins LocalBitcoins (https://localbitcoins.com) is a platform for secure and anonymous exchanging ВТС for cash and electronic money. Users can choose among over 75 different currency pairs. All financial transactions are conducted instantly and with minimal commission fees. Any ВТС buyer should, in the first place, register an account and confirm his phone number. Next, he should specify a desired currency pair, select the best offer and contact a seller. Users are advised to spend a short while investigating a seller's reputation and seller-related reviews. To purchase cryptocurrency with LocalBitcoins, one can use bank accounts, payment systems, money transfers and cash.

Step-by-step guide:

  1. After registering a new account and confirming your phone number, please log in and proceed to the homepage.
  2. Indicate the exact amount of cryptocurrency you need to buy and select a specific trader.
  3. Send a transaction request, make a payment and confirm receiving cryptocurrency.
  4. After this operation is completed successfully, transfer the ВТС you purchased to the individual Snap-Tracker™ address (you can get it in the «Wallet» section).
  5. To transfer funds, confirm all requests from the Bitcoin blockchain.

BestChange (https://www.bestchange.ru) is a service that monitors cryptocurrency exchangers. It can be used for both choosing the most favorable transaction terms, and viewing reviews and ratings related to specific sellers. The principles of this website's operation neutralise all the possible financial risks and protect users from scammers. All the information is updated every 5 seconds, which makes it impossible to substitute it and perform any other fraudulent manipulations. Please note that BestChange is not a guarantor – it only displays the reputation of sellers.

Step-by-step guide:

  1. First off, create a wallet for receiving ВТС you'll purchase. The best option is BLOCKCHAIN (https://www.blockchain.com).
  2. Go to BestChange (https://www.bestchange.ru) and select an appropriate currency pair.
  3. Select the best offer and follow the further website instructions. In case of any questions, please contact the support service.
  4. For receiving BTC, use your BLOCKCHAIN wallet.
  5. After this operation completes successfully, transfer the ВТС you purchased to the individual Snap-Tracker™ address (you can get it in the «Wallet» section).
  6. To transfer funds, confirm all requests from the Bitcoin blockchain.
  7. Wait for funds to be credited. For your balance to be displayed in the Dashboard, at least 3 confirmations from Bitcoin blockchain are required

The confirmations time can vary depending on the size of commission fee and network load.