Cryptocurrency exchange – cons
The big downside of exchanges is the need to verify your identity. For several years, unfortunately, this has been a norm imposed by state regulators, which to some extent has curbed the anonymity of cryptocurrency transactions. However, usually, the need for detailed account verification only occurs after the sale of cryptocurrencies and exchange them for traditional currencies, while transferring them to a bank account.
For verification you will need an identity card (ID card, passport), a selfie and may also require a fairly “fresh” (issued not earlier than 3 months before the moment of verification) official document (e.g. electricity bill or bank statement), which confirms our current place of residence.
This is how you got to know the 3 most important places where you can buy cryptocurrencies!
Local exchange
It is not a flawless method (like all the others), but if someone would like to exchange large sums while remaining anonymous, this is the best way. It is, of course, about face-to-face exchange, not via the network, but meeting the other party to the transaction live. The LocalBitcoins internet platform has been enabling such forms of transactions for years. On the website, we can find people willing to buy or sell cryptocurrencies. Each of them determines the exchange rate of interest and its form. It does not necessarily have to be a face to face meeting, you can make a bank transfer, but that is probably not what this is about, it would be an excess of form over content.
How it’s working?
The best use of LocalBitcoins will be to find a person who wants to trade during the meeting of both parties to the live transaction. The whole venture leaves no trace, as payment can be made in cash, and cryptocurrencies will be sent from the wallet to the wallet (which is not personal). Finally, you can go home.
Each of the above methods has its pros and cons, but the ways to obtain cryptocurrencies are at least not as few as they used to be. Everyone will find something for themselves, something appropriate to their situation.
Now you know where to buy cryptocurrencies!
In this article, we tried to bring you all the information and experiences available to us on where to buy cryptocurrencies for traditional currencies such as zlotys, dollars, euros and pounds in a safe, fast and convenient way. We hope it helped you. Please share your information with us in the comments section if you know of any other places where you can buy cryptocurrencies. We will be grateful for such information and will gladly complete the above article.