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Author Topic: What is the safest way to buy crypto?  (Read 6020 times)
Cryptomiles1
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November 09, 2019, 04:08:28 PM
 #141

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!

You can buy from bank directly to your crypto wallets depends on the kind of coin you want to purchase. If is btc or eth is possible buy directly from bank to your crypto wallet without ensuring exposal of personal details, although this depends on the country you are coming from that makes it possible for you to buy.
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November 09, 2019, 04:18:31 PM
 #142

Hello. I feel that trading cryptocurrencies properly and transparently is one of the good ways to ensure that cryptocurrencies are safe. Please regularly check your cryptocurrency information offline. good luck.
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November 09, 2019, 04:41:21 PM
 #143

If you are worried about money being stolen, you should not use cryptocurrency. As fraudulent behavior becomes increasingly sophisticated, it is very difficult to prevent. Any platform can have holes, just we don't know yet.   Grin Grin Grin
Then for what are you commenting?
 There are many ways to keep you safe, always pay attention to the site that you will use. Op, I want to ask, which exchange sells our personal data?
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November 09, 2019, 04:44:17 PM
 #144

If you are worried about money being stolen, you should not use cryptocurrency. As fraudulent behavior becomes increasingly sophisticated, it is very difficult to prevent. Any platform can have holes, just we don't know yet.   Grin Grin Grin
That is exactly why you need to put more concern regarding security mainly because you are your own bank which means there is no third party risk and warranty involved you own the money you are responsible for it. However there are many method to keep your funds secured and doing that is a piece of cake if you want to spare a some time learning. One more thing you need take care of is about how the regulation in your own country and obey their anti money laundering rules.
not really, I think using a hard wallet can also make it difficult for hackers to take it because it's the same as a flash disk or hard drive, so you always carry it. but, even though it's safe from hackers, the next challenge is to protect it.

but, if the purpose of buying and storing is an exchanger, I doubt that even the best exchanger like binance has conceded a hacker. and what's more that KYC is very much needed in an exchanger.

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November 09, 2019, 04:48:33 PM
 #145

Best way to save your coins from hackers is to store them in a hardware wallet as other users here have suggested. The best crypto exchanges have been breached and funds robbed. So definitely, nothing online is safe

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November 09, 2019, 04:57:25 PM
 #146



I was also suggesting a way for my friend to get away with KYC and what I've come up is that I buy from the users who sell his BTC for paypal in the forum. This I guess will reveal his name to a user here in the forum but certainly there will be no record about what the transaction is about. This is the safest so far, no banks no exchanges. The problem is going to see later is if he can find someone who will trust him here as I certainly wouldn't do it for him.

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November 09, 2019, 05:34:27 PM
 #147



I was also suggesting a way for my friend to get away with KYC and what I've come up is that I buy from the users who sell his BTC for paypal in the forum. This I guess will reveal his name to a user here in the forum but certainly there will be no record about what the transaction is about. This is the safest so far, no banks no exchanges. The problem is going to see later is if he can find someone who will trust him here as I certainly wouldn't do it for him.

Buying bitcoins via paypal to a user on this forum might be a safe way if you know the user personally or you've had a legit transaction with him before, without that, I don't see this as the safest way to buy bitcoin. He could attract people who wants to buy bitcoin privately if he will provide some proofs that he is a legit seller, but sometimes, the buyer are taking this as an advantage to scam the legit seller by making him to send first the product, which is a no go for me.
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November 09, 2019, 05:40:14 PM
 #148

What crypto coin do you want to buy? There are some exchanges that do not require KYC verification for deposits, trading and withdrawals, but there are limits to maximum amount. I have tried to exchange Coinbene, Bit-Z, Binance, or maybe some rules have changed, please browse first. Or there is a local crypto exchange from your country that supports deposits from your local bank, that's better.

You are right, most of the good exchange doesn’t require the KYC verification to withdraw money! Exchange like Binance, Kucoin, BitZ, Coinbene, Digifinex, Bibox and so on ask KYC verification if you want to withdraw more than 2 BTC in a day! I Don't think OP will buy 2 Bitcoin in a day, so, you can use Binance, Kucoin and so on exchanges! 

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November 09, 2019, 05:44:56 PM
 #149

in my opinion,i think safest way to buy crypto is binance and top ranked exchange..you can check the rank in CMC abnd then you can buy crypto using your prefer exchange.thank you Smiley

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November 10, 2019, 07:43:32 AM
 #150

Hello. I feel that trading cryptocurrencies properly and transparently is one of the good ways to ensure that cryptocurrencies are safe. Please regularly check your cryptocurrency information offline. good luck.
That’s right we should keep our eyes on the market and on our coin all the time so we will remain safe though. We can use trading to increase our number of the coin if we will trade and store coins for long so it will give us a profit and ways to get more coins. You should use only safe sites to get bitcoins as it’s important to remain careful about scamming projects with fake promises.                                      
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November 10, 2019, 09:38:22 AM
 #151

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!
It is really difficult nowadays to trust sites because most of them are scams. You could buy or purchase bitcoin safely in Binance exchange because binance is considered the biggest cryptocurrencies exchange in the world in terms of trading volume, that is why it could be trusted and would never sell your personal data.
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November 14, 2019, 12:03:19 AM
 #152

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!

You can visit Coinmarketcap and other exchange information provider sites, instant exchanges have many conveniences to be able to directly convert the funds you have, if you want your data to be safe, you can visit the DEX exchange and save the funds you have in your cold wallet

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November 14, 2019, 01:04:30 AM
 #153

There is no safest way to buy crypto, because we all know that once you wanted to buy crypto, you also need to connect to the internet. Accessing to internet giving you and your funds additional risk but there's a ways to make your accounts secure by managing or assigning strong password, 2 Factor Authentication key (APP or Mobile numbers.)

Be attended what ever acts, but majority uses Binance to buy crypto knowing the fact that it has the cheapest transaction fees and Decentralized exchange meaning don't need to do KYC to transfer your funds to another.
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November 14, 2019, 02:59:07 AM
 #154

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!

They are good to use but the risk is a little bit higher compare to using your own local exchange in which you can easily reach the customer support once you encounter a problem with your transactions.

As these two exchange have their customers support but the response is not that good compare to our local exchange. But so far, I have no problem in using the two exchange so they are safe to use as of now base on my experience.

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November 14, 2019, 03:11:32 AM
 #155

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!

if you want to buy a secure crypto there are lots of exchanges that don't need to use personal data for example binance exchange but you have to enable multilevel security to be more secure

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November 14, 2019, 03:36:01 AM
 #156

First of all there was no guarantee for  the safest way to buy cryptos but you can still buy it at the top list exchange for your own safety. Always do your own research before trowing your money at new cryptos as the risk is far more high from the one that already has being listed on exchange so there was no guarantee for your safety on this cryptocurrency world.

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November 14, 2019, 03:43:44 AM
 #157

in my country Indodax is safest exchange to date and I always make purchases and sales there and change to fiat, but many people also recommend binance as safe place, actually it all depends on you alone in maintaining security of your password.

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November 14, 2019, 03:56:30 AM
 #158

in my country Indodax is safest exchange to date and I always make purchases and sales there and change to fiat, but many people also recommend binance as safe place, actually it all depends on you alone in maintaining security of your password.
In my country, you can buy bitcoin and other cryptocurrencies such as ETH, BCH and XRP in a online wallet called coins.ph, which you can also used this wallet to pay bills and buy prepaid loads. Binance is really the safest exchange to buy cryptocurrency, that is why it is considered the biggest crypto exchange because it has great security to secure your assets and it has correct trading volume.



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November 14, 2019, 04:10:08 AM
 #159

in my country Indodax is safest exchange to date and I always make purchases and sales there and change to fiat, but many people also recommend binance as safe place, actually it all depends on you alone in maintaining security of your password.
In my country, you can buy bitcoin and other cryptocurrencies such as ETH, BCH and XRP in a online wallet called coins.ph, which you can also used this wallet to pay bills and buy prepaid loads. Binance is really the safest exchange to buy cryptocurrency, that is why it is considered the biggest crypto exchange because it has great security to secure your assets and it has correct trading volume.
trading in binance is more convenient now. because large trading helps us to manage our assets with a fairly fast daily trading strategy. I buy assets in binance and trade there, but do not store assets in a personal wallet. I leave it in exchange and it will be interesting if I need it. although it is risky for large exchanges like binance, I don't think there are any worries.

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November 14, 2019, 04:11:17 AM
 #160

in my country Indodax is safest exchange to date and I always make purchases and sales there and change to fiat, but many people also recommend binance as safe place, actually it all depends on you alone in maintaining security of your password.
In my country, you can buy bitcoin and other cryptocurrencies such as ETH, BCH and XRP in a online wallet called coins.ph, which you can also used this wallet to pay bills and buy prepaid loads. Binance is really the safest exchange to buy cryptocurrency, that is why it is considered the biggest crypto exchange because it has great security to secure your assets and it has correct trading volume.
My country can buy bitcoin with local exchange with deposit money first to local exchange market, after money received you can buy bitcoin and may altcoin kind listed there, there are few altcoin listed on my local exchange market and I use it for sending to binance and buying many altcoin kind, for local exchange using for depositing and withdrawing only.
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