One of the hot topics being discussed everywhere is digital currencies. After a 100% increase in the value of Bitcoin, more and more people are being attracted to this currency. About two years ago, people used to laugh at the person who wanted to exchange Bitcoins for a few dollars. But now, almost every person wants to exchange their dollars with Bitcoin. All this is because of the soaring prices of the digital currency. It has made the transactions quite easy by eliminating the role of the third party or intermediary or bank. The transactions in cryptocurrency take place directly between the seller and the purchaser. These transactions are recorded on a distributed digital ledger called blockchain.
One of the gigantic problems that common people are facing, nowadays, is which is the best cryptocurrency, which is the best place to buy it, and which is the best way to buy it. Before answering this question, I would like to explain some basic concepts that may help you understand the realities behind the crypto world.
Read Also: 5 Best Places To Buy Bitcoin
Bitcoin is the most valuable and old digital currency that was made public in 2009. It is actually a digital currency in the form of a coin that is created after a lot of mathematical computations. Bitcoin is traded directly between the sellers and the buyers without any third party. All the transactions are recorded in an electronic ledger called blockchain.
Which are the Best Places to Buy Bitcoin?
With the increasing use of virtual currencies, the number of websites selling these currencies has also increased. Their number has increased from only 6 in 2014 to more than 3000 in 2019. With more than 400 Bitcoin exchanges, people are worried about which is the best and trustworthy website to buy virtual currencies. After minute observation of various Bitcoin exchanges, we have come to the conclusion that Coinmama is the best and trustworthy exchange for purchasing Bitcoins. Coinmama is an Israel based cryptocurrency exchange that allows the users to buy Bitcoins through their Debit or Credit cards without any hassle of verification.
Another top reason to buy Bitcoins from this website is that it is at the ‘offshore’ location and uses the cash deposit method also. This website keeps your transactions private to a great extent. Also, the website is so designed that the users can easily use it on their PC and mobile browsers as well. Moreover, this website provides 24/7 customer support to help the buyers in any kind of problem they face during the purchase of Bitcoins.
Buying Bitcoins with Debit/Credit Cards without Verification
One of the easiest ways to buy bitcoins is through Debit/Credit cards. This is because this method allows you to buy coins from any trustworthy place in the world irrespective of where you are sitting. Here, one thing worth mentioning is that most of the websites need verification for this process. Some require ID verification by sending a picture holding your debit/credit card. Others require SMS or any other kind of verification. The following are the steps in buying bitcoins through Coinmama without verification.
Coinmama New Update: CoinMama lets users get their first $150 worth of BTC with a debit/credit card with no need to provide an identity card (ID) of any kind. If you want to buy more than $150 worth of bitcoin without ID, you can buy from Changelly. Read More about Changelly Here.
Changelly is a world-famous cryptocurrency trading website that allows you to purchase dozens of popular digital currencies easily. While there are many similar websites are out there, but Changelly is the most famous due to its advanced features.
Changelly has made the trading process very easy for investors who want to invest in digital currencies. They do not only let you purchase different coins directly from your credit/debit cards but they also allow you to use their website for Exchange Cryptocurrencies.
Buy Bitcoin Without ID Verification Directly Using This Button:
Step By Step To Buy Bitcoin From Coinmama:
To buy, sell, or exchange bitcoins on any online exchange, you have to first sign up for that website or exchange. This means you have to open an account on that website. During this account opening process, you have to verify your email address.
Want to buy bitcoin with PayPal? here is our step by step guide to buy bitcoin with paypal no verification ID
2-Login Your Account
After logging in go to ‘My Account’ tab and click it. A page will be displayed like this
Some personal information is required on this page and you have to fill in the information and save it.
3-Click ‘Buy Bitcoins’ Tab
After filling in all the personal information and saving, a new page will open. This page will display various options. For example, you can enter the amount of how many Bitcoins you want to buy. This may range from 0.01 to any number.
After selecting the number of bitcoins you want to buy press this green tab saying ‘buy bitcoins’. This will take you to another page.
4-Select Payment Method
Now, comes the payment method and you have to select the credit/debit card payment method.
After selection, you have to enter your credit card details, security code, and you are done.
5-Bitcoin Wallet Address
After credit/debit card authentication/verification, you will have to enter your wallet address. Here, it is pertinent to mention that Bitcoins are always kept in wallets. These may be either hard or soft wallets. This wallet is actually the address where those Bitcoins that you have purchased will be delivered. All this is done after the confirmation of payment.
Enter your wallet address in the empty field above press the tab ‘complete payment’ below.
6-Billing Information and Address
After clicking ‘complete payment’ tab, a new page will open before you. This page requires billing information and address. You have to fill in all the required information on this page and click continue.
7-Credit/Debit Card Information
The next step is to provide your credit/debit card information.
8-Verify your Email and Phone Number
You will be asked to verify your Email and phone number. Here is the difference that Coinmama requires the ID picture of the buyer holding his credit/debit card.
Most people will not need to upload a selfie. Just skip step 8 if CoinMama does not request this from you.
There are two separate steps of verification. One is email and phone number verification and the other is ID picture uploading verification. If Coinmama requires ID picture, you can skip the previous step which requires email and phone number verification.
This picture ID verification requires you to hold your credit/debit card into your hands.
10-Wait for Confirmation of Verification
Do not log out of your account until Coinmama confirms your verification. You will see that the tab of ‘Thank You’ will be highlighted.
11-Receiving Confirmation Email
After your payment is verified, the exchange will send you a confirmation email saying this.
After the completion of the process, Bitcoins will reach your wallet address in 20-30 minutes.
Report Shows MENA as the Fastest Growing Crypto Market in the World
SEC Hits Back at the Companies Seeking to File ‘Amicus Briefs’ in Support of Ripple
Bitcoin Remains Below $20k, Despite the Hash Rate Hitting an All Time High
Prediction: XRP to Explode by 50% as the SEC-Ripple Lawsuit Nears Conclusion
What Is Boardroom Software and What Are the Best Applications Available in the Market?
Recent Press Release
Preparations For Amulet Mainnet Launch Underway As Launch Date Gets Announced
The Amulet mainnet launch has officially been scheduled for 29th September, 2022. The team unveiled Amulet back in April along...
Yida Gao: Investing in Crypto and Blockchain Industries
Yida Gao has found a ton of success early on with Shima Capital. After launching in 2021, they have over...
Understand the highly volatile nature of bitcoin
The crypto market is highly evolved, and therefore, it has means for everyone to make money. If you have a...
Reasons why people must invest in bitcoins and another crypto!
Bitcoin has been the imperial digital token for ages now. Everyone knows about it, and everyone wants to invest in...
Things to learn when choosing between bitcoin & Dogecoin
When you are about to enter the cryptocurrency market, you are going to get a lot of choices. Of course,...