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Good news is that the whole so-called Know-Your-Customers KYC process is now fully automated and it shouldn't take more than 15 minutes to finish. Once you finished the KYC process. You will be asked to add a payment method. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.
Now you are all set, click the 'Trade' button at the top left, choose the coin you want to buy and confirm your transaction You've just made your first crypto purchase. Below is a list of exchanges that offers to trade ABTC in various market pairs, head to their websites and register for an account. After the deposit is confirmed you may then purchase ABTC from the exchange view. Apart from the exchange s above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base.
This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once ABTC gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities! If you are planning to keep "hodl" as some may say, basically misspelt "hold" which get popularised over time your ABTC for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost.
Because of the very nature of the wallets in exchanges, they will be always online "Hot Wallets" as we call them , therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain or simply "go online" when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe.
However, it is not durable and is susceptible to various hazards. Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. If you are holding your assets these wallets are a good investment in our opinion.
While using hardware wallet allows you to store your cryptos in a safe place, using an encrypted VPN connection while you trade makes it harder for hackers to intercept or eavesdrop your sensitive information. Especially when you are trading on the go or in a public Wifi connection. NordVPN is one of the best paid note: never use any free VPN services as they may sniff your data in return of free service VPN services out there and it has been around for almost a decade.
It offers military-grade encrypted connection and you can also opt-in to block malicious websites and ads with their CyberSec feature. There is no bandwidth or data limits that means you can also use the service in your everyday routines such as streaming videos or downloading large files.
Brave is a Free and an Open Source Web Browser built by a team of privacy focused, performance oriented pioneers of the web. The Web Page gets loaded quickly. Brave is in general faster than Chrome and Firefox. It is designed with privacy in mind so ad-blocking and untrusted cookie blocking are enabled by default, and you get to further customise the level of privacy as you like.
Its "incognito" private mode has built-in Tor connection which makes it extremely safe to use. You also get the chance to earn reward in BAT tokens which can be traded in Coinbase and other exchanges by opting in to view privacy-respecting ads. There is no direct way to buy ABTC with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer.
You can choose to buy from sellers from a certain nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed. Yes, in fact, Europe is one of the easiest places to buy cryptos in general.
There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Popular online banks in Europe are Bunq , N26 and Revolut.
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