Safe Methods of Buying Cryptocurrency

Cryptocurrency is a type of digital currency offering decentralized accounting. This financial instrument is based on blockchain technology. As the term suggests, blockchain is a chain of blocks with a unique structure created thanks to innovative cryptographic algorithms. Since digital currencies offer the highest level of privacy, TG-Tracker™ administration recommends using them to pay for this product. Bitcoin is the best option.

Bitcoin is a peering payment system that uses a similarly-named cryptocurrency for operations accounting. When Bitcoin is used, electronic payments between the two parties take place without intermediaries and are irreversible. BTC can be used to pay for goods or services given sellers and service providers agree to accept it.

One can buy cryptocurrency by using special exchanges and exchangers. There are a lot of such websites over the Internet and each of them tries to offer the most advantageous conditions to attract more users. It should be noted that any potential exchange or exchanger user should provide proofs of identity - scans of documents (in line with KYC procedure).

But what if you do not want to show ID-documents, since it will violate your anonymity? There is a way out – you can purchase digital currencies directly from private individuals.

Here are the safest ways to purchase cryptocurrency from private individuals:

localbitcoins LocalBitcoins is a platform that allows exchange Bitcoin worldwide for fiduciary money or other electronic / digital currencies. It supports 75 currency pairs. LB exchange offers the following pros: all payments are processed instantly, minimal commission fees for conducting financial operations, high degree of confidential data protection, and no mandatory identity verification. To get started, you should sign-up at LocalBitcoins and confirm your phone number. LocalBitcoins supports various languages and has a good market reputation.

Step by Step Guide:

  1. Follow LocalBitcoins website, create a new account and authorize it.
  2. Click on the "buy Bitcoins" tab, specify a desired amount, currency and region of payment.
  3. Analyse all the proposed options, choose the most profitable one and click the "Buy" button.
  4. Pay an invoice send by a seller and wait for him to transfer BTC.
  5. Transfer purchased bitcoins from your wallet to an individual address provided by TG-Tracker™. Confirm all requests from blockchain.

BestChange is a popular website launched back in 2007. It focuses on monitoring various exchange platforms working with electronic currencies. BC provides its users with access to all popular financial instruments available, including Bitcoin. First off, it ranks exchange points by exchange rates. Platforms offering the most advantageous conditions are placed in the top. There is also a page where all exchange platforms are listed. You can find detailed statistics related each of them.

Step by Step Guide:

  1. Create a wallet for storing purchased BTC. For this purpose recommend using BLOCKCHAIN (https://www.blockchain.com).
  2. Choose a suitable currency pair at BestChange (https://www.bestchange.ru).
  3. Choose offers with the most profitable exchange rate.
  4. Purchase digital currency. If you have any questions, contact customer support.
  5. Specify your BLOCKCHAIN wallet adress so that the seller could transfer there the BTC you've purchased.
  6. Transfer purchased bitcoins from your wallet to an individual address provided by TG-Tracker™ in the dashboard section.
  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

Confirm all requests from Blockchain and update your balance using TG-Tracker™ Dashboard.