Doubts about buying digital currency, any suggestions?

[noormcs5]

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Do you want to buy or trade in bitcoin? I know that keeping money in CEX is dangerous but you can just buy bitcoin from the exchange (through P2P) and then move the bitcoins to your personal wallets.
Also, you can keep only small funds for trading in the centralized exchange and if you are too much worried about them, there are decentralized exchanges too which may fulfil your purpose of trading.

[Ojima-ojo]

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Your choice of avoiding the central exchange to purchase your Bitcoin is a good one and it shows,  that you want to protect your privacy and also it saves you a lot of stress of going through all those KYC processes that are associated with the centralized exchange.


There is quite a lot of decentralized exchange that doesn't require you to provide any KYC before you buy or sell your cryptocurrencies,  but the challenge is that some of them have a low trading volume.

[Incarts]

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yeah, Apart from all these stated, CEXs are very important. As we are seeing most Decentralised Bridge platforms getting compromised these days and millions of funds being stolen while users lose millions of dollars also. I personally use CEX to bridge asset from one network to another by depositing there from one network and withdrawing via another network.

Also, about the right time to buy BTC or not?
The market is speculative. But IMO, this is a very good time to buy . Apart from the market experiencing volatile upward movements, US stocks rose, The market is awaiting US inflation data on Wednesday with core inflation expected to grow by 5% year-on-year e.t.c, there have been good news surrounding Bitcoin lately like Companies managing Trillions filling for Bitcoin ETF. Seems the era of measuring the market cap of BTC in Billions is gonna end soon.

I can understand your concerns. You may consider Bitget, I've found their bank deposit service to be quick and reliable. Similar UI to Binance and user-friendly. You can take a look at it and see if it fits your needs.

[ancafe]

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

There are lots of exchanges you can use to buy bitcoins and I think a lot of people have already told you where to buy bitcoins nowadays. Binance only has problems in a few places, but not all countries have problems buying or trading. In my country Binance is still freely used for now, but if you are one who is concerned about privacy, binance is not a solution to use.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

Here you are again repeating how to buy and what exactly do you wan. Buy or trade? Because many people may have explained both, and you just have to choose according to what suits you best. If you mean trading then always pay attention to the level of security and the exchange is not a place to store bitcoins.

[Mate2237]

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

There are many ways you can buy bitcoin, you can buy it from a friend or someone you know that has bitcoin and willing to sell at that time or you can buy it from a reliable exchange platforms. I don't know where you are from, you can get it from a local exchange in your country and also from international exchanges like: Binance and others. Is there any specific period of trading? The only period that is exempted is the hour of the day and not in the whole week or month. Trading can be done every week and every month. So feel free to trade every time.

[betterhao]

How to buy Bitcoin? Since I see CEX like BN has quit, I'm really worried about trading in CEX.

Does anyone have suggestions? How to buy and where to buy, or is it the right time to trade?

I understand that you are hesitant to use CEX platforms due to recent issues with BN/SEC. However, CEXs still play a crucial role in this space and often have an advantage over DEXs. In my experience, CEXs have better security measures in place to protect user assets and data, which gives them an edge over DEXs. Moreover, if you prioritize speed along with security, CEXs execute transactions much faster. In my opinion, the concerns about CEXs can be addressed if they comply with regulatory bodies. Once they do so, everything should return to normal.

Yeah, Apart from all these stated, CEXs are very important. As we are seeing most Decentralised Bridge platforms getting compromised these days and millions of funds being stolen while users lose millions of dollars also. I personally use CEX to bridge asset from one network to another by depositing there from one network and withdrawing via another network.

Also, about the right time to buy BTC or not?
The market is speculative. But IMO, this is a very good time to buy . Apart from the market experiencing volatile upward movements, US stocks rose, The market is awaiting US inflation data on Wednesday with core inflation expected to grow by 5% year-on-year e.t.c, there have been good news surrounding Bitcoin lately like Companies managing Trillions filling for Bitcoin ETF. Seems the era of measuring the market cap of BTC in Billions is gonna end soon.

I can understand your concerns. You may consider Bitget, I've found their bank deposit service to be quick and reliable. Similar UI to Binance and user-friendly. You can take a look at it and see if it fits your needs.

Worth a try, you might change your thought after using it.