Day: October 1, 2018

A Beginner’s Guide to Purchasing the Cryptocurrency and Not Being Scammed in 2018

Trading with cryptocurrencies is challenging due to safety options it faces with. It is necessary to be clear about how to use a currency and also to know the appropriate terms of buying these for use.

Some of the safest options to buy these currencies and not be scammed are discussed here for the traders to be aware and alert since there are no special consumer rights pertaining to the purchase of these type of currency.

Some of the ways are:

  1. Buy in online exchanges: buying in online exchanges can be simple and also quick transactions do happen, but when it comes to the safety of transactions do be well aware and informed about the site you register for your trade purposes. Keep clear transactions and save them to your personal wallet as you own them.
  2. Decentralised exchanges: these are exchanges which operate single handed and are not from any bank or company. There is a lot of individuality in these type of transactions and hence it has to be overviewed for getting the best out of it.
  3. In person contact: it is always safe to have personal contact in places like a coffee shop, library etc to trade with bitcoins which may not look suspicious for people to threaten you for the money you may have.
  4. Dedicated bitcoin ATM: this is one simple and safe option to take bitcoin from ATM’s dedicated to their sole purpose, but be careful about who is observing you closely to prevent any fraudulent attacks.
  5. Accepting payments in bitcoins: the best way to avoid any scams and distress can be to accept payment for your goods and service in terms of bitcoins.this can help to be safe from can be helpful to find out more about the best methods of trade and the safest features.

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