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Author Topic: What is the safest way to buy crypto?  (Read 6021 times)
Blue_oxen
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August 30, 2019, 02:42:36 AM
 #41

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

The best way you can do to buy crypto is buying from your friends, your closest friends, so there is no chance for him to tricks you (although that is not impossible Grin). And you could only buy bitcoin, send it into coinomi or Jaxx, and then you can buy altcoin directly, but I don't know how much the fee because I never use that wallet to buy altcoin.

By doing that, I think you can pass from the exchange, and you don't have to send any personal data, you can keep your crypto coin in the same wallet with your bitcoin. You don't have to be afraid of the hackers or become paranoid because they cannot steal your money if you can be careful to save your wallet. If you can read another article about how to save your wallet from the hacker, then you can stay calm and no need to worry to them.
I think trading should be done directly if this is the first time you trade crypto because there are a lot of risks when you have entered this market and a prior understanding is necessary before starting to trade. Currently there are many secure trading channels on Telegram and it is happening very actively every day. In addition, you can also participate in OTC at leading exchanges such as Okex, Huobi because these are exchanges that support many countries in buying and selling.

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August 30, 2019, 04:03:26 AM
 #42

You have two choices:

  • Purchase bitcoin personally from your acquintance.
  • Purchase it in reputable exchanges like Binance or Coinbase and after you received bitcoin then transfer it immediately in a hard wallet.

But since you said you do not want to purchase in exchanges which i wonder why since Binance do not require KYC, then choose first choice.
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August 30, 2019, 06:59:34 AM
 #43

The most safest and fastest way how to buy cryptocurrencies is a way when you buy crypto with creditcard. Because international bank transfers are so slow and expensive (many intermediary banks). Or you can buy crypto in a crypto ATM but these ATM are avaiable only in some countries.



That is true using international credit card is easy and fastest way to buy cryptocurrencies,
But I suggest search what wallet available in your location(local wallet) and learn it legality to avoid lose or stealing your money.
Yeah right, especially credit cards can be used anywhere such as visa and master cards can certainly be used in many countries and without a long time wait, your money will be instantly credited to your account in exchange site and you can buy crypto after that. if you don't have a credit card, and only have a bank account. so I suggest buying on a local exchange site, because they usually have a similar bank account.
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August 30, 2019, 07:05:33 AM
 #44

to be able to buy cryptocurrency the safest way is you can use a blockchain website or you can also use a local exchange site that you can trust because usually in some countries have an exchange place that can help you to buy cryptocurrency.

whereas if you want to secure the assets that you have then you can use the safest wallet in my opinion only on the blockchain.

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August 30, 2019, 06:24:41 PM
 #45

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

Safest is to buy from a friend of yours.  I dont think is possible to buy it safer then that. Second best is to avoid third party, so you use decentralized exchange like BisQ.
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August 30, 2019, 11:37:18 PM
 #46

Let's change the mindset. Risk is always everywhere. We can not avoid it, we can only minimize the possibility by using various security applications that are possible. If you are afraid of risks, then leave. Every exchange has a policy related to the user's personal data, if it has become the terms and conditions then we can only comply with it to get maximum service. Regarding data security, it has become their responsibility. Then choose a trusted global exchange. To buy cryptocurrency with fiat, you can choose a support exchange in your country.

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August 30, 2019, 11:44:03 PM
 #47

If you don't want to got hack please dont turn on your PC  Grin.  Risk always found in every moment when we are surfing on the internet. And about custodial exchange is depends on your country. to be honest What token/coin you wants to buy ?

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August 31, 2019, 02:10:23 AM
 #48

to be able to buy cryptocurrency the safest way is you can use a blockchain website or you can also use a local exchange site that you can trust because usually in some countries have an exchange place that can help you to buy cryptocurrency.

whereas if you want to secure the assets that you have then you can use the safest wallet in my opinion only on the blockchain.
A lot of options when buying crypto because almost all coins can be traded in your country without having to worry much about legal issues. Currently I usually trade OTC at the Okex exchange because this is a very good support exchange in the conversion of Fiat or the need to buy coins. In addition, you can also deal directly with the seller and this helps you avoid a lot of unnecessary risks when trading.


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August 31, 2019, 02:33:26 AM
 #49

yes I suggest I can also exchange your money in binance, for me also centralized transmission and also safe for you to use trading, because I think for me it is also good to make a profit there.
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August 31, 2019, 05:56:21 AM
 #50

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

The best way you can do to buy crypto is buying from your friends, your closest friends, so there is no chance for him to tricks you (although that is not impossible Grin). And you could only buy bitcoin, send it into coinomi or Jaxx, and then you can buy altcoin directly, but I don't know how much the fee because I never use that wallet to buy altcoin.

By doing that, I think you can pass from the exchange, and you don't have to send any personal data, you can keep your crypto coin in the same wallet with your bitcoin. You don't have to be afraid of the hackers or become paranoid because they cannot steal your money if you can be careful to save your wallet. If you can read another article about how to save your wallet from the hacker, then you can stay calm and no need to worry to them.
I think trading should be done directly if this is the first time you trade crypto because there are a lot of risks when you have entered this market and a prior understanding is necessary before starting to trade. Currently there are many secure trading channels on Telegram and it is happening very actively every day. In addition, you can also participate in OTC at leading exchanges such as Okex, Huobi because these are exchanges that support many countries in buying and selling.

I think that is what he can do to prevent from using the exchanges, and he only wants to use bitcoin as the investment, or he wants to feel safe to buy crypto. But if he has another reason to purchase crypto, then registering in the exchanges and trading will be better to him as he can make a profit from the trading itself. I guess he can join in those exchange you mention, or he can join in binance, and he doesn't have to bother with the KYC because of binance allow traders to pass the KYC.
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August 31, 2019, 06:26:35 AM
 #51

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

Peer to peer trading is one of the safest way to buy crypto
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August 31, 2019, 06:34:23 AM
 #52

You can buy crypto from various exchanges without KYC and safe way, different exchanges have limits for KYC, without providing your personal data you can buy crypto from Binance , okex, kucoin, that are big exchanges and don't worry about steal your money from hackers,if you will you 2fa and mobile verification than you can't be hacked .

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August 31, 2019, 06:55:20 PM
 #53

For me, the safest way to buy a cryptocurrency is to invest money on the exchange with a bank card and then buy the desired coin.

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August 31, 2019, 07:09:02 PM
 #54

Altcoin Exchanges To Start Trading - I will tell you about some altcoin exchanges that allow you to trade without going through KYC and AML checks. Not only this, there are no limits or deposits to repurchase you / sell altcoin bags. some are rejected centrally and some are issued decentralized, to free KYC and AML to protect your privacy. BitMEX, EtherDelta, IDEX and BitShares. I think the four exchanges are very safe without giving KYC.
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August 31, 2019, 07:24:04 PM
 #55

depending on what is your definition of safe.
what should be safe?

you? or your funds?

- your funds are very safe if you have them with a reputable service, which will most likely require some id from you.

- if you want to be safe because you are about to do some anonymous deals and you dont want anyone to know that you did them,
but you need crypto that wasnt brought in your name?

you probably want to change from lets say eth to a very anonymous crypto like beam or onion, do a tx and then pay your anon deal.
this way somebody could say you brought this coin, but noone can say what you did with it.

you could also buy mining equipment. you could mine some coins anonymously. very safe for you, your funds, but maybe not investment.


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August 31, 2019, 07:47:46 PM
 #56

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

Peer to peer trading is one of the safest way to buy crypto
I don't quite agree with you.There are many risks in this trade, and the buyer should be aware of them.Personally, I would choose to buy any top exchange accepting debit cards.It's safer.



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[btc]YSG
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August 31, 2019, 07:51:33 PM
 #57

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

Changelly and Shapeshift both require users to verify their identity before they can purchase crypto on their platforms. There other alternatives method like using paypal to buy from trusted members in the market place of the forum.

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August 31, 2019, 09:09:50 PM
 #58

Hey! I want to know how to purchase crypto safe. I don't want hackers to steal my money, and I don't want exchanges to sell my personal data. And is it safe using non custodial exchanges like changelly and shapeshift. Please help!

The safe way to buy crypto is by exchange platforms, Many or most of the exchange platforms now require KYC to ensure the safety of their services, KYC is also important in order to eliminate money laundering and prevent any corruption and to run their system legally, You can use reliable exchange platforms like the first 100 in coinmarketcap and pass the KYC and don't worry, your personal data and your money will be safe.

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alt-fire
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August 31, 2019, 10:09:08 PM
 #59

I don't understand clearly why you don't want to use Changelly. But here is my favourite way to exchange fiat to crypto: Kuna Exchange. There you can use your card or pay with telegram bot.
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August 31, 2019, 11:54:30 PM
 #60

No idea if the original poster will ever return to comment. Basically got 4 pages of replies and he hasn't responded back.

Either way. If you are in the USA just use Coinbase or Gemini which has good security and your KYC info is safe and withdraw your BTC to a hardware wallet like a Ledger.

If you can't afford a ledger then just use an old laptop that you never connect to the internet and run Electrum or Armoury on it with cold storage mode and your coins will never get stolen. There are tons of guides on this forum on how to do this.

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