March 17th, 2021
How to buy BTC online safely?
The craze of bitcoin has been going around for a decade now. It is one of the primarily known cryptocurrencies globally with a countable level of stability and up to 25% possible return on investment. When the chances of profit are this high, everyone wants to buy BTC online. However, the “risk” factor in purchasing cryptocurrencies online has been one of the most significant barriers for newcomer investors in the industry. Bitcoin does not simply belong to an online website that deals in BTC with the governmental authorities. But, cryptocurrencies like bitcoin, litecoin, and Lythrum are purchased and sold online by many websites. Some websites offer bitcoin mining. Gaming sites also claim to reward in bitcoins. Last but not least, hundreds of websites offer to be an intermediate platform for bitcoin buyers and sellers to contact, exchange interests, and make a deal in bitcoin.
Here, the very question stands, “is it safe to buy BTC online?” Well! The answer to this question can be a bit challenging. Cyber Fraud is no longer rare. Millions of people on the internet adopt a virtual personality to “thug” the other people on the internet for money. And without a doubt, this pattern of scam has also entered the bitcoin industry. Thus, there’s no single way to tell whether a bitcoin seller, a BTC buy and sell website, a bitcoin mining site, or any other potential source is real or not. Hence, for the safety of bitcoinofamerica.org’s users, here’s a small guide on how to buy BTC online safely? Let’s take a glance:
STEP 1: Meet an experienced investor
In the event that you are thinking to invest in bitcoin, there is a 100% chance that you don’t know the grave of loss that it can dig. No! BTC is not all about profit & loss. Instead, it is about exploring your intellectual power when it comes to investment and money management. Therefore, if you don’t know about certain scenarios in buying BTC online, you are definitely going to face a loss. For example, an inexperienced BTC investor may trust platforms that claim to sell Bitcoin for free. Is it safe? The answer is NO.
It is human behavior, no one gives away a “thousands dollars” worth cryptocurrency for free. Therefore, the experts at bitcoinofamerica.org recommend that an individual should “must” consult with an experienced bitcoin investor and talk about certain scenarios concerning buying BTC online.
STEP 2: Choose a trustable platform or seller
When you search “buy bitcoin” online on popular search engines like Google, a series of websites will appear with a direct URL. However, is there a way to figure out if a website is real? Well! It is very simple, check for testimonials on the website. Just in case, reviews are not available. Open the website and view its procedure for purchasing a BTC online. For example, if the website has a quick and direct button to buy and sell bitcoin, there is a 1% possibility that it’s real. Apart from that, websites that show “abusive, r-rated, or redirecting advertisements,” such websites are generally fraudulent.
In many cases, Buy BTC online websites act as an intermediate platform. Meaning, they offer a “bidding” procedure. At last, the seller picks a bidder. And, sells bitcoin to the buyer. In this case, buyer and seller are not aware of each others’ identities or probably, real identities. Thus, it is recommendable that the buyer must insist the seller to meet-in-person. Provide a definite address. And of course, social security number or ID. By following these common conditions, the buyer will be willing to play on the safe side of the investment.
STEP 3: Buy BTC online on cash or other authorized payment methods
It goes without saying that a buyer of bitcoin online loses stress only when the transaction is complete and the purchase BTC(s) reflects in his bitcoin wallet. But of course, the rule is “payment first.” Thus, giving away a ton of money for buyers before actually receiving bitcoins in the wallet can be a stressful situation. Apart from this, it can also be risky. Hence, to buy BTC online, it is advised to make payment in cash or use other authorized payment methods like PayPal, debit card, credit card, or any other popular third-party money transfer method.
The reason being, even if the seller has proven to be a fraud. The buyer holds an online transaction history that allows the cybersecurity system to track the fraud individual or device over which the money had been received. Apart from this, if you choose to make payment in cash, the seller will have to meet-in-person and you can request a hand-to-hand transaction.
So, if you follow-up these three steps of safety when it comes to buying BTC online, you are on the top of the game. But, if you want to make it a 100% safe deal, you can buy bitcoins using the BTC ATM machine. Check for Bitcoin ATM near me only at www.bitcoinofamerica.org, trusted by millions!
Forecasts, estimates and other information included in this blog should not be considered as investment advice or as a recommendation that you purchase any cryptocurrency or any particular investment product. Past performance is not indicative of future results. The author of this blog and Bitcoin of America in no way guarantee any specific outcome, gain, or profit.