Advice to buy bitcoin, i am new in cryptp..many doubts

[wack slacker]

If you want to buy cryptocurrencies, you need to comply with the relevant policies for cryptocurrencies in your country. The next thing after buying cryptocurrencies is to learn about Bitcoin and blockchain technology, learn about the charts and laws of the market, and follow the instructions in transactions to trade securely.

With all this out of the way, you should buy when the prices are on constant dip because you will know for sure that when the prices go down, it will eventually go up. Right now the prices is still running high so buying is not advisable, although if you plan on daytrading then it will be a different story. Do not stop learning about crypto because things are changing for crypto real fast.

I've always lived in the crypto market even though I've been away from the bear market before. It is difficult to start over because my knowledge has become almost obsolete after only a few months of ignoring them. Up to now, I understand the technological value and the law of the market as the two most basic things I can get into any crypto.

[GeorgeJohn]

I think anything concerning bitcoin transactions most especially buying and selling has to be put into consideration to avoid lost because I really know bitcoin transactions usually operates with carefulness and transparent platform for it to process without occurrence of demerits, from my views, bitcoin is good to purchase using app or purchasing from blockchain such as Binance platform, Luno apps, because buying with bank it goes with different protocol's,  which if one step is missing during the transactions, you won't be credited in the wallet, so the best option is look suitable way people in your habitats purchase btc so that reduce the chance of risk.

[SquirrelJulietGarden]

i red in many posts in internet  that some banks not allowed to buy crypto with cards  or banking transfer  as well some banks do not accept deposit if the money comes  from a crypto exchange etc. (when you want to withdrawal ..cash out)  Is it true? For example i have a bank account  in Asia with Citi and i would like to make a banking transfer to an exchange to buy crypto.  Do i have to ask to the bank if  i can do it?  Many exchanges accepts  payments by credit/debit  cards or banking transfer;   so i do  not understand if  my bank can allow me to do the banking transfer.

It is true. You need to search with Google or search directly on the bank websites. Banks are binded with local laws and local crypto law regulations. There are many nations don't allow and accept bitcoin, crypto tradings by laws. Banks are connected to laws and they don't protect you if you buy crypto or bitcoin with bank transfer.

Try to search and don't break the laws in your nation and the Term of conditions of the bank you use.

In youtube you can see people that easily to transfer or payment to cryptoexchange with cards or banking transfer..

You can buy bitcoin or crypto with bank and bank transfer but the transaction detail has nothing about bitcoin or crypto transaction in details. Do it in secret and some P2P marketplaces allow you to do this.

Generally you must try to figure out what the government, laws and banks allow you to do and what they don't allow. Read Term of conditions of P2P marketplaces too.

[BIG LIST] Crypto Debit Cards
[BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.)

[bounceback]

Hi to everyone,
I just want to buy some crypto. I live in Central America so i found some crypto exchange  that can  accept my country. However  i red in many posts in internet  that some banks not allowed to buy crypto with cards  or banking transfer  as well some banks do not accept deposit if the money comes  from a crypto exchange etc. (when you want to withdrawal ..cash out)  Is it true? For example i have a bank account  in Asia with Citi and i would like to make a banking transfer to an exchange to buy crypto.  Do i have to ask to the bank if  i can do it?  Many exchanges accepts  payments by credit/debit  cards or banking transfer;   so i do  not understand if  my bank can allow me to do the banking transfer.   HELP ME  PLEASE..any advice is very appreciated.. In youtube you can see people that easily to transfer or payment to cryptoexchange with cards or banking transfer.. but are there any problems? I do not want that my bank can lock my account to do so.

I know United State is most dangerous country for cryptocurrency and not available for buying or selling bitcoin or ICO project during using your ID because many ICO not allow for United State become an investor. This happen with United State government not allowed for ICO and bitcoin become United State people investment, now PayPal have allow for buying bitcoin and altcoin with their account, I think its the way for you to buy bitcoin or altcoin through PayPal because your country accept with PayPal but not allowing for bitcoin and altcoin, you can buy bitcoin with paypal and hold in your paypal account until price is up to sell.

[sapnu]

If you want to buy cryptocurrencies, you need to comply with the relevant policies for cryptocurrencies in your country. The next thing after buying cryptocurrencies is to learn about Bitcoin and blockchain technology, learn about the charts and laws of the market, and follow the instructions in transactions to trade securely.

With all this out of the way, you should buy when the prices are on constant dip because you will know for sure that when the prices go down, it will eventually go up. Right now the prices is still running high so buying is not advisable, although if you plan on daytrading then it will be a different story. Do not stop learning about crypto because things are changing for crypto real fast.

Aside from complying with some policies for buying cryptocurrency in your country, you should also consider when is the time that you should buy that particular coin because, as a trader, you should know the line "buy low and sell high". Not only that, but you should also have some plans like making your own portfolio so that it can guide you when the market price changes since the market are not stable because we all know that the price of every cryptocurrency is not stable and unpredictable.

[DoublerHunter]

^ You may definitely find it hard when you decide to buy bitcoin for bitcoins and other cryptocurrencies are subject to the legislation in every country and I suggest for you to know about it first in your country then better to check your banks regulation about the transaction for crypto then for security DYOR for the exchange platform in order for you not to be scammed because newbies are a common target of scammers. Nevertheless, before buying make sure you have a secure wallet know how to use it.

[Oasisman]

^ You may definitely find it hard when you decide to buy bitcoin for bitcoins and other cryptocurrencies are subject to the legislation in every country and I suggest for you to know about it first in your country then better to check your banks regulation about the transaction for crypto then for security DYOR for the exchange platform in order for you not to be scammed because newbies are a common target of scammers. Nevertheless, before buying make sure you have a secure wallet know how to use it.

Exactly!
The OP's inquiry can also be answered by researching about legalities and rules for the use of cryptocurrency in his area and the terms of banking to cryptocurrency and vice versa transactions.
Nevertheless, It's still a good thing he asked this question in this community to further guide him in his investment journey in Bitcoin and cryptocurrency.
One thing to remember, don't get easily fooled in investing to shitcoins lol.

[Cling18]

You better check or ask your bank if they're accepting cryptocurrency because some banks accept crypto particularly Bitcoin but some don't. If you still have lots of doubts about Bitcoin then you better do more series of research for you to know more about it. If you'll invest with Bitcoin, you better be willing to take all the risks because doubting it might only lead you to losses in the future because you could make wrong decisions because of your fear.

[nklak12]

If I were you I would go with localbitcoin, you can buy bitcoin from people local to you or online. It's the best way. Other then that perhaps try an exchange like coinbase, but the premiums can be a little harsh with them. Either way, best of luck, Bitcoin to the moon!

[michellee]

thanks for your answer, probably i have to check with my bank if it is crypto friendly. My point is...i live in Dominican Republic and for example Binance and Blockchain.com are accepted in this country (Coinbase no,  or better accept Dominican Republic just to convert crypto but no deposit and no withdrawal). I do no want to use my banks here in Dominican Republic to transfer ecc. because the fees (if i want to transfer Usd) are huge. For that  reason i would like to use an account in Citi Singapore, because the fees are minimum (in the past i lived in Asia).  For that reason i would like to use that account to buy ecc bitcoin.  If you have some idea please feel free to comment

You can search for local sellers on social media. I am sure you can find any local sellers, and you can check one by one of them. If necessary, you can arrange a meeting with them to buy bitcoin directly face to face, and you can send the money via ATM or your mobile phone if you can access your bank account from your mobile phone. You and local sellers can use bitcoin's current rate, and I think the fee will not be too big because you only buy bitcoin directly from them.

That can prevent you from fills KYC because you don't visit the site/exchange, and you only buy bitcoin from the local sellers. Please do not start with a huge amount of money to buy bitcoin because that can make your bank suspicious with the transaction, but you can make a small transaction. Maybe less than $100-$500 will be fine as a start.

You know, reading the post I thought that good that there are no such problems in my country to buy or sell BTC. We have another nuances, but not of such kind. And after your answer new question appeared. Ok, he bought some BTC amount personally from face-to-face, and this will happen avoid different problems in BTC and laws of his country regulations. But it is very important yo find a trustworthy person to do this in his region. And it may appear a bit difficult. And the difficulty may appear when he will decide to cash it out, because yhere may be nuances with the declaring of ocomes in his region. Personally I think first it should be better to learn in deep all yhe moments before making any steps in this direction.

Maybe that will be difficult to find a trustworthy person from his region that can help him buy and sell bitcoin. But that is how he needs to do if he doesn't want to get in contact with his government and his bank.

Let say he can found one or more trustworthy person that can help him. When he wants to sell his bitcoin, he can ask his family or friends bank account to be the receiver of the money so that the sellers can send the money to that person's bank account. And he can send the bitcoin amount to the sellers. That is just one example, and I am sure that he can figure out how to solve this because if it's related to money, a person will try hard to solve it.

[Salauddin1994]

Since you are new to crypto you need to know about crypto first analyze the market well before buying bitcoin any site to buy good bitcoin this requires a lot of research there are a lot of scammers in the crypto market don't fall into the trap of scammers after greed. Check out reliable investment sites and use binance to invest the risk is much lower for newer sites you can safely buy and invest in bitcoin from here even if the price goes down there is nothing to be disappointed about if you wait patiently the price will go up.

[Shasha80]

Each country has its own rules regarding Bitcoin, if your country does not prohibit Bitcoin transactions. Then you can buy Bitcoin
on local exchanges or buy Bitcoin at an ATM machine, if if there is a Bitcoin ATM where you live. You can also buy Bitcoin on P2P
platforms, I'm having a little trouble giving advice regarding buying Bitcoin for the opening post. Because I don't know the government
regulations in Central America regarding Bitcoin, most importantly, if you are a newbie, first learn all things related to Bitcoin. Don't let
you buy something you don't know about.

[markleal]

Hi there zaupa!
First of all Welcome to the crypto world!
My advise.
It is true that some banks do not allow you to use your own money to buy cryto. The solution just ditch those banks, and use forward thinking banks that allows you to deposit and withraw cash for the crypto.
Second, exchanging fiat to crypto always comes with a different method and even different mode. Search in your local area for what is more applicable.
Lastly, enjoy!