How and Where to Buy Bitcoin: Advice From Godex
Cryptocurrencies have drastically changed the idea of finances and the economy, making a serious impact on the future of money. Bitcoin remains the key element in the world of digital currencies. It has challenged the regular monetary system, becoming a multifunctional financial instrument with a turnover of hundreds of billions of dollars. If you think about investing in BTC and looking for ways to buy it, our article will help you do it right.
Is Bitcoin Worth Attention?
The story of the most mysterious coin started in 2008 when its value was as low as $0.008. Despite lots of skepticism, the project kept developing. Bitcoin has had a volatile trading history for a bit more than a decade. In April 2021, BTC managed to hit its historical record, exceeding the $63,000 mark. Financial analysts do not exclude the possibility that by the end of the year, its value can skyrocket to an unimaginable $100,000. Such dynamic growth and impressive numbers attract more and more investors who want to make money on the difference in rates.
Where to Buy Bitcoin?
Every potential crypto investor wants to know how to buy bitcoin safely and make a profit. Let us consider the most popular methods.
Cryptocurrency Exchanges
Crypto exchanges work the same way as stock exchanges, but the trading asset is not stocks but virtual coins. This option is popular among online traders. To get access to a crypto exchange, you need to register, thereby creating an account. Then you will receive a digital address that will enable you to buy and sell bitcoins or make other transactions. The advantages of the cryptocurrency exchange method are extensive trading functionality and relative reliability. The drawbacks are high commissions and not enough security.
Crypto Wallets
An alternative way for a bitcoin purchase is via a cryptocurrency wallet. But this method will allow you to buy the coin quickly only if your crypto wallet has a built-in exchange service. In this case, the opportunity to exchange digital coins or buy/sell them for fiat currencies is supported by the application. However, if your wallet doesn’t come with this feature or you’re dissatisfied with the offered service, you can use other options.
Peer-to-Peer Platforms
One more way to buy bitcoin is to use a peer-to-peer (P2P) platform. It is based on direct communication between two parties. No third parties are involved, which means you don’t have to pay large fees. In addition to this, a P2P platform promotes an opportunity to find transaction partners quickly. When purchasing BTC via a P2P platform, you can pay with a debit or credit card as well as an e-wallet (PayPal, Skrill, etc.).
On the other hand, P2P platforms are riskier than other cryptocurrency purchase methods in terms of fraud. If you decide to buy BTC, learn how to buy Bitcoin without ID but with minimum fraud risk.
How to Buy Bitcoin With Godex.io?
If you want to buy BTC remaining fully anonymous, Godex.io is the right service for it. Godex is a cryptocurrency exchange that offers over 300 various coins. All transactions are performed without registration. You do not have to create an account, enter your mobile number, or verify your ID info. Godex does not require any personal information to make a transaction.
You will pay a minimum fee to allow the transaction to be included in the network. For example, The Australian Taxation Office (ATO) has recognized the use of cryptocurrencies in Australia and issued a guide to Crypto tax guide Australia to help them understand their obligations. The process is carried out automatically, without human intervention. You need to follow four simple steps.
Step 1. Go to the main page and find a built-in calculator. Find the list of accepted currencies in drop-down menus. Select the coin you wish to convert to BTC and enter the amount you are going to exchange. The system will automatically calculate how many bitcoins you will receive.
Step 2. Click the “Exchange” button and specify the address of your BTC wallet. If you have a promotional code, enter it in the appropriate field.
Step 3. The service will provide you with a wallet address where you will need to send your coins. After receipt of your funds, the transaction starts.
Step 4. Godex will provide you with the most profitable rate and send BTC to the address you mentioned.
Advantages of Godex Exchange
This platform is relatively young, but it has already conducted thousands of successful transactions. The popularity of the service has solid reasons:
- All transactions between crypto wallets are carried out via secure blockchain technologies.
- The site offers fixed rates even during extreme market fluctuations.
- Multilingual technical support is available around the clock.
- Order execution is instant.
- The interface works intuitively.
- There are no limits on the number of transactions and the amount.
- All activities on the site guarantee full privacy.
All the aforementioned points are very good reasons to choose Godex for cryptocurrency exchange.
Wrapping Up
Investments in BTC and other cryptocurrencies brought colossal income to crypto holders in 2021, and Bitcoin remains one of the most effective investment tools. The main goal is to find a service where you can buy bitcoin safely and without risks, minimizing the likelihood of losing your money. Success depends on your knowledge, experience, tactics, analysis, and luck.
