Nowadays, cryptocurrencies, most notably, Bitcoin has been a strong presence in the developing countries that are at the forefront of embracing the virtual currency. Since its existence in 2009, bitcoin has made substantial strides towards becoming the world’s first global currency. The impressive rate of adoption suggests that virtual currencies are here to stay. While it is not surprising that international financial centre cities have embraced bitcoin, it is more interesting that smaller towns have too. Want to pay for dinner in bitcoins? Try Ramen Underground in San Francisco. Buy groceries with bitcoins? You can do it at Spar in Arnhem, the Netherlands.
Bitcoin is a digital currency which offers lower transaction fees than conventional online payment solutions and is operated by a decentralized authority, unlike government-issued currencies. It allows peer-to-peer transactions, where one person can directly send money to another without the use of a trusted third party organization such as a bank or Paypal to process their transaction. It is a way to gain 100 per cent control over your money.
However, beyond the bitcoin’s great features, it has also had a notorious image of being the currency of choice for people with nefarious intentions, such as scammers and money launderers, it pales in comparison to the good that the cryptocurrency has done to countless people. The technology behind bitcoin is still in its premature years, and it is safe to say that the best is yet to come. For those who are still wondering what is bitcoin and what is behind all this hype, keep reading to understand better what it is all about via our previous post What is Bitcoin?
Where to Buy Bitcoins
There are essentially several ways you can get bitcoins, be it through mining, trading, Bitcoin ATM or receiving a salary (or payment for a service) in the form of bitcoins.
Among the many ways, buying bitcoin on a cryptocurrency exchange is by far the easiest and more cost-effective. While dozens and dozens of crypto exchanges are available to purchase cryptocurrencies using fiat or credit card, they are still restricted and specific depending on your geographic location.
Let’s say, you are located in Malaysia, you won’t be able to use exchanges like Coinbase and Kraken to buy or sell bitcoins. Instead, your next best option will be a peer-to-peer trading platform like Remitano – one of the best cryptocurrency exchanges in space.
Remitano is a cryptocurrency exchange that allows users – whether a novice or an expert to simply and securely buy, sell or swap cryptocurrencies with other users. The platform is one of the largest, trusted peer-to-peer platforms that is the preferred choice for a majority of users in the emerging market, and now rapidly expanding its reaches to other regions across the globe.
With Remitano’s smart escrow account system, the transactions are safe and secure for users to trade without worries. Using this escrowed platform, users can easily purchase cryptocurrencies by choosing a trusted seller on the platform and transferring their fiat currency into the seller’s bank account. Once the seller has verified that the funds have been received, Remitano will release the cryptocurrencies to users’ wallet.
How to Buy Cryptocurrencies on Remitano
Buying cryptocurrencies on Remitano is a lot easier than you would think. Once you have passed the KYC (Know Your Customer) process, you can start purchasing or selling cryptocurrencies with your national fiat currency.
Below are the steps to buy Bitcoin/Ethereum/Bitcoin Cash/USDT/Ripple/Litecoin on Remitano:
Step 1: Head over to Remitano homepage, login or register your account.
Step 2: On the homepage, scroll down to the List of Sellers, choose one preferred seller and simply click Buy.
Step 3: Enter the amount of coin you want to buy.
Step 4: Fill in your wallet address.
Step 5: Click on [Buy BTC/ETH/BCH/USDT/XRP/LTC] to open the trade.
Step 6: Copy payment details of the seller from the trade page.
Access your internet banking and pay the seller through INSTANT TRANSFER.
Step 7: Then Press the [I have paid seller] and wait for the seller to confirm. Before you proceed with the transaction, please ensure all the details are correct to avoid any inconveniences.
As easy as that, you have successfully purchased cryptocurrency on Remitano!
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A keen researcher who believes in enriching her knowledge. For Shuhada, the crypto world intrigues her sense and offers plenty of high delicious 'crypto cuisines'.