Home Secure computing tips How to Buy and Sell Bitcoin Safely

Secure computing tips

How to Buy and Sell Bitcoin Safely

28 October 2022

1311

People are now investing in the cryptocurrency market. Many people have already made a lot of money from it. It can become the easiest way to be rich, just like what happened during the rise of Bitcoin in 2017. The same can happen again if you invest today and hold it for long enough.

However, this means that you can be a stranger. Investing in cryptocurrencies is no longer a secret. It has become a common thing to do nowadays. You can find it all over the Internet if you search for it at the right time and place. You may also know that many of these people offer to buy or sell cryptocurrencies through platforms in which they are involved.

How to Buy and Sell Bitcoin?

Open an account in a crypto exchange – There are many of them, so you may need help to choose the best one for your needs. Still, it would help if you were careful with this. After all, it is the place where you’ll have your crypto coins stored and traded. So far, some of the most trusted crypto exchanges that you can trust include:
Buy or sell Bitcoin through the platform – You can do it in the following ways: Buy Bitcoin through your bank. But this option does require a lot of work and time to obtain approval from the bank, which may be challenging for many people, especially those who only have limited knowledge of the crypto world. The services require you to contact your bank directly and get approval, which usually takes several weeks. And you could Sell Bitcoin through the platform – you will receive cash within 48 hours after receiving it from your local wallet account or bank account that you are connected to within the forum, not directly.

Benefits of Buying and Selling Bitcoin

Bitcoin is legal as a country’s currency – meaning that it can be used as a means of payment for all of your purchases, whether small (such as for groceries) or large (such as for a house).
You can use it for international transactions – the value of Bitcoin may change from time to time, depending on how the market moves. This means you may need to buy more Bitcoin than you originally intended. However, because it is a digital currency that is not subject to meddling by any government, you can use it for any transaction as long as the country’s bank permits it at the time of purchase.
It may be cheaper than cash – this is important if you are buying and selling. It would help if you did not miss out on this opportunity to save some money. Of course, to be possible, you will need to know the value of Bitcoin (and the other cryptocurrencies) before you do your transactions.

How to Buy and Sell Bitcoin Properly?

You should not store your Cryptocurrency on an exchange – doing so is risky, considering that the crypto exchanges may be subject to hacking. It will help if you keep your crypto coins in a personal wallet that you can control.

Learn how taxes work – if ever you decide to sell some of your Cryptocurrency and make a profit from it, you should know that these profits are taxable. For example, if you buy 10 Bitcoin and sell them at the price of 10, you will get a total profit of 100 when you’re done. However, if you decide to sell these same coins at the cost of 11 Bitcoin, that would mean that your profit would be 101.

What Are The Best Safe Crypto Exchanges?

Many make it easy for people to buy or sell Bitcoins. The safe ones that we should mention here are:

Binance

It is one of the most popular cryptocurrency exchanges out there. It was founded in 2017 and is known to be one of the best exchange platforms you can rely on. It has a wide range of coins and tokens to choose from, so you will always have options. The security of its platform is also something you can trust because it uses 2FA and other very efficient measures against hacking attacks. Its users have gone through a lot of effort to ensure that it will not be breached like Coincheck’s was.

Pros of Binance

It has almost all the major coins and tokens, including Bitcoin, Ethereum, Ripple, and many more.
It is also straightforward to use – you only need to register on the platform and be ready to start trading.
It uses security measures – like 2FA and a withdrawal hold period that makes it harder for your information to be compromised.
It is one of the fastest crypto exchanges in the world.

Cons of Binance

It only supports crypto-to-crypto transactions – you cannot buy or sell cryptocurrencies directly from here.
It has been around for a while, so you may encounter some problems later on as time passes, mainly because it is still new in the market.

Create a Binance account

Bybit

Bybit is another one of the other best crypto exchange that people can rely on. It is not just popular but also very safe, which means that you can have peace of mind when using it. It uses cold wallets in which your assets will never be exposed to the Internet. This means that hackers cannot get access to them. This feature has become one of the favorite crypto exchanges today because only a few people trust exchanges that use hot wallets.

Pros of Bybit

They have an excellent reputation, making people trust their services.
Supports multiple languages making it easier for customers to understand how the platform works.
They can compete with the big exchanges if you compare their volume with theirs, so you can have peace of mind when using them.
It has multiple APIs that will make it easier for you to integrate your application into its platform without opening an API key that can be compromised too easily.
They respond quickly to the concerns of their customers.

Cons of Bybit

Because it is a new platform, it has yet to acquire its trade volume, so it is not yet famous.
It is only available in English, which can be a problem for some people who are not English speakers or do not understand the language.

Create a Bybit account

Kucoin

It is another one of the cryptocurrency exchanges that you can trust. It is not just safe, but it is also swift. You can get your transactions done quickly and conveniently. Its system is very efficient in every way, so it will also be easy for you to use. The most important thing here is that you can rely on Kucoin for your crypto trading needs because it has a good reputation when it comes to security.

Pros of Kucoin

It has a very efficient platform that makes it easy for you to navigate through it.
They have a good reputation and work hard to keep it that way – they are fully registered and regulated as cryptocurrency exchanges.
It has multiple APIs that you can use to make your transactions even faster.
It is designed to be easy for beginners, but it is also great for people who are more experienced in the trading world.
The platform has an attractive interface.
The platform is very safe – they use 2FA and other security measures that other exchanges do not have, so you can have peace of mind when using them.
They have strong regulations that ensure that the platform can be used for trading without any problem.

Cons of Kucoin

There is a small fee for each transaction, but this is only if you want your coins to be kept in your account after paying it.
It does not accept ICO coins and only supports crypto-to-crypto transactions.
You cannot trade or exchange fiat with this platform, so you will still have to use any other exchange platform that is better at that task.

Create a Kucoin account

The Safest Way to Buy Bitcoin

Use a secure device

Although it does not come with many risks, there are still those associated with it. For this reason, you should still use a secure device to keep your Bitcoins. There are ways in which you can keep your devices safe. First, you can ensure that you have a good security solution. You can do this by paying for your computer or smartphone protection. It is also essential for you to encrypt your hard drive. This means you must do everything by using your encryption keys instead of a password manager.

Use a safe crypto wallet

This is also important for you to do. After all, it means you need to have a secure place where the Bitcoins will be saved. The best thing here is that you can download a wallet provided on a platform such as Metamask or Ledger. In addition, you should also make sure you do not use any program like Chrome when downloading your wallet because it can easily collect your sensitive data, including your personal information like your real name and social security number.

It would help if you always chose a different browser instead of Google Chrome to prevent falling victim to this malware-based attack. You may use the cold wallet to store your Bitcoins. Cold Wallets are very secure because they do not have any online presence, so you will never be exposed to hacking attempts. On the other hand, hot wallets mean that it is the opposite because it has an online presence. People can access it anytime, so you should take extra precautions to ensure you are using one of the best hot wallets around. You can also read reviews on top crypto wallets online to see what people say about them.

Use a VPN for cryptocurrency transactions

Most coins today use Blockchain technology to do their transactions. This means they will be doing them through blockchains, meaning they will use blockchain-based mining machines. Although this makes it impossible for hackers to break your encryption keys or steal your coins easily, there are still dangers. The safest way to face these dangers is to use a VPN.

Pros of using VPN in Cryptocurrency Transactions

Using a VPN can prevent yourself from being tracked and hacked – This is one of the benefits of using a VPN. If you can use a VPN in your transactions, you will never be tracked, stopping hackers from stealing all your data. Your data is necessary because it includes your account ID, password, hardware specifications, IP address, and more.
It helps to protect yourself against malware attacks – Since it hides you in an online location where no one can track your activity or location, it makes hacking attacks very hard for people to hack into your account. In other words, it is very secure, and hackers do not have any chance to get access to your account by using a VPN.
It helps to protect your privacy – Your private data cannot be hacked anymore because of this feature. This means you can rest assured when using a VPN in your transactions because the chances of being hacked will be meager. Your data is definitely safe, so do not worry about it anymore.
It gives you complete control over your network traffic – Using a VPN for cryptocurrency transactions will help you with one of the best things you can do. This is because you can easily create rules when it comes to network traffic. These rules are essential because they will help you block the information you do not want to be seen by other people about your transactions.
It helps to boost your Internet speed – This is another great benefit you will get if you use a VPN in your transactions. With this, you can enjoy a breakneck download speed. VPNs use faster servers than the rest of the servers around so that you can get the quickest pace for downloading and uploading data. This means faster network speed and better performance regarding cryptocurrency transactions.
It helps to make sure that your connection is secure – Another advantage of using a VPN here is that it will always help ensure your relationship is safe. If you want to protect yourself against hacking attempts or other attacks, then having a VPN will help. Your data will be protected from attackers, so having a VPN is very important here.
It helps to boost your anonymity – Because of this feature, you will always have the controls on top of your transactions. You can cancel any transaction whenever you want because it means you can always stop any payments or prevent them from being done altogether. With this, there is no way for others to find out about your transactions because they cannot even find out who you are at all times.

Use a reliable exchange platform

If you want to trade your Bitcoins for Crypto, you should use one of the reputable exchanges that have existed for a very long time in the industry. The most important thing about these exchanges is that they are very safe. You will never have to worry about them being hacked because they will never be exposed to hacking attacks. For example, if there is any plan or rumor of an exchange being hacked, it will only mean that they are now much safer than before. If you want a business to be safer, you can take the extra step and use more than one security parameter.

5 Best VPN for Crypto Trading

ExpressVPN

ExpressVPN is a top VPN provider in the industry that gives you complete anonymity. It does this by hiding your IP address from others, which means it will not be easy for hackers to track you down. It uses 256-bit AES encryption to protect your data. And the speed of its servers is super fast.

Features of ExpressVPN

Speed – Its servers are fast, so you will always have the fastest VPN service to download whenever you want. Also, it is stable and will never give you any connection problems. Looking at these advantages, it is no wonder why ExpressVPN is the best VPN for crypto trading in 2018.
Reliability – Its security measures ensure that your data will always be protected by 256-bit encryption software. This means that others cannot steal or hack your data when using this product because it encrypts all your data before sending it to their server. On top of that, you can connect to the server anywhere worldwide without restriction. It has over 800 servers worldwide.
Customer Support – The customer support staff of ExpressVPN is amiable, which makes them reliable because they know how to help you when you need it the most. Their website is very informative and contains almost everything you need to know about this VPN. You can also contact their customer service if you have problems using them. This is one of the best features of this company because they provide a lot of support for potential customers who are still trying to decide whether they should use this product or not.

NordVPN

NordVPN is another best VPNs for crypto trading in 2018 that brings you complete anonymity. It can do this because it hides your IP address and encrypts your data before transferring it to a server. Its servers are also high-speed and stable. And the security of its servers is guaranteed through 256-bit encryption. Its customer support team will always be there whenever you need help, which makes NordVPN one of the best choices for VPN services.

Features of Nord VPN

It Has more than 1100 servers in the world that you can use-The best thing about Nord VPN is that it has a lot of servers that you can use. This is beneficial because it will make all your transactions smoother and faster. You can view their network status here. Another great thing about NordVPN is that it has more than 1100 servers located all over the globe.
Uses 2048-bit encryption keys- With this type of encryption, hackers will have a hard time trying to penetrate your data. They will not be able to gain access to your location if you are using NordVPN. Their servers will keep your data secure at all times because of this feature
Has a new system to provide security to users-If you want to buy Express VPN, you can start by using this link now and get a fantastic deal for the best VPN for trading in Cryptocurrency.
It Allows you to install VPN software on multiple devices-When it comes to using your best cryptocurrency trading platform, you should be careful. But if you are using NordVPN, you do not have to worry about this anymore because of how many devices it can be installed on.

Surfshark

Surfshark is one of the top VPNs in the industry. It is not only reliable, but it is also anonymous. You can browse the Internet without being tracked by anyone because all your data will be encrypted when using this top VPN service. There are servers worldwide that you can use, which will ensure that you have good speeds when trading on an exchange platform. It has 256-bit AES encryption, so your data will be secured using this platform.

Features of Surfshark VPN

Speed – The servers of this VPN are fast. This means you can see all the data you need for your trading activities in seconds. You can also use the VPN on up to five devices simultaneously, which means you can have information from different accounts instantly. Another great thing about SurfShark is that it has a speed test feature, which will help you determine the speed of its servers before using them.
Encryption – The encryption software of Surfshark is top-of-the-line, which means that hackers cannot gain access to your location because they cannot see what exactly it is. All of your data will be protected when you use this VPN service, which is why it is one of the best VPN providers that you can use.
Privacy – The privacy policy of Surfshark does not log IP addresses or browsing history. On top of that, it does not keep any logs for as long as possible to protect your data.
Server Locations – There are server locations worldwide, which means you will always be able to find a fast connection. With this VPN, you can be in Spain but connect to a server in London and see how fast everything will load. You can visit their live servers list here.
Compatibility – Surfshark VPN is compatible with all types of devices, which means you can use it on your Windows PC, Android smartphone, Mac, or iOS device. You can visit their website now by clicking this link to view more information about Surfshark VPN and how to get it.

CyberGhost

CyberGhost is another top VPN that you can use to get the most out of your trading experience. It provides you with complete security and anonymity online. All the data you send when using this VPN will be secured, which means that no one will be able to see who is sending out the information. It has servers located in 60 countries, which means that accessing its servers will have a lot of different speeds when it comes to trading on an exchange platform.

Features of CyberGhost VPN

It has a no-logs policy – CyberGhost will never keep a log of your activity online. This means that if you use it, everyone will be able to see the peace of mind you have when you are trading because all your data is safe.
It has servers all over the world – Most businesses will have servers in one country, but CyberGhost has servers in 9 different countries. This makes it easy for you to access its servers from anywhere. You can access them from within the United States and other big countries such as France, Germany, and Switzerland by connecting to their VPN server locations. All you have to do is click on their establishment online, and press connect.
It has a friendly interface – CyberGhost has a friendly interface, which means that you will have an easy time navigating its software. You can set it up in just three steps, which is also very customizable. It will give you all the options you need when trading on an exchange platform.
It is one of the fastest VPNs in the industry – It can give you the ability to achieve fast speeds during your transactions by using its servers located all over the world. This means you will not encounter problems when trading because its servers are calculated to give you high-speed connections.
It offers unlimited bandwidth – You can use CyberGhost to access as much bandwidth as possible when purchasing cryptocurrencies. You do not have to worry about running out of resources because this VPN will give you access to unlimited bandwidth. This means that you can do more transactions at a time when using this platform.
It has no logs policy – CyberGhost will never keep any logs of your activity online. This is the case if you use it with a Bitcoin transaction, even though it is just with an exchange platform. All your data will be secure, which means that there is nothing for hackers to steal from you online.

Hidemyass

Hidemyass is a good VPN if you frequently use Bitcoin for trading. All your data will be secured because of its 256-bit encryption. It also has servers located in 28 different countries, so you can easily access them using an exchange platform. Hidemyass keeps no logs of your data because it will never store any information regarding your activity while using the Internet.

Features of Hidemyass VPN

Its servers are optimized for high speeds – Hidemyass has servers located in more than 50 countries, so it will make it easy for you to access them from anywhere, even when using an exchange platform. This means that you will be able to have fast speeds when trading, which is a critical factor when it comes to doing business online.
It has unlimited bandwidth – When you use Hidemyass, you can use as much bandwidth as you want because it has unlimited bandwidth. This means you cannot exceed your data limit when trading Cryptocurrency on an exchange platform. You do not have to worry about exceeding your data limit because Hidemyass will ensure that this does not happen. You can monitor your data usage in the software, so there are no limits to what you can achieve.
It has no logs policy – Hidemyass will never log your information when it comes to trading cryptocurrency. This means that you can use the VPN for a long time, and it will still keep all your information safe. You will not have to worry about hackers stealing your statements because everything is kept private and secure on the Hidemyass server. This is ideal for anyone who wants to trade online and make big profits.
You can set up multiple devices at the same time – You can use Hidemyass to protect all your devices while trading on an exchange platform. It will allow you to cover all your electronic devices, whether a smartphone, laptop, or tablet. You will not have to worry about security breaches when using an online exchange platform.
It has high-quality encryption – Hidemyass uses 256-bit AES encryption to secure all your data from being hacked. This high level of encryption ensures that no one will be able to see any details about your transactions. It also has military-grade protocols for extra security.

Benefits of Engaging in Crypto Currency

You will be able to make money from cryptocurrencies. If you are interested in making money, you should engage in Cryptocurrency trading. The good thing about doing this is that it is a lot safer because even if you are new to this kind of business, you can always secure your funds on an exchange platform. You will also get the chance to invest in various cryptocurrencies.
You need a little capital to trade Cryptocurrency-One of the most significant selling points of cryptocurrency trading platforms is that they are very affordable. This means they only require a little money before you start trading them. You should also know that you can engage in trading without being in a bank. You can join an exchange platform, and then you can start investing in Cryptocurrencies.
The rewards are good-There are many benefits you will get when engaging in Cryptocurrency trading. Here are some of them: You will be able to make a lot of money because they go up and down by large amounts daily. This means that if the trend continues, then you can make a lot of money very fast. Another thing is that the price could be more stable like regular currency.
You can finally gain from your talents-Trading does not require any skills, only patience and time. This means that if you have been looking for a way to earn money without working, you can use this platform to gain a lot of rewards.
It will be the currency of the future- If you want to invest in something worth more money, then Cryptocurrency is what you need. Even though it has been in existence for a short time now, much progress has been made. This means that many people are accessing it from all over the world, and its value will also continue to increase.
You can be anonymous-One of the best things about cryptocurrency trading is that it allows you to remain anonymous. This means that if you want to keep your identity a secret, this is your best platform. You can also hide your information from anyone.
It can help you get rich fast-One of the most significant benefits of Cryptocurrency trading is that it will help you get rich very fast. This means that if you want to make money and live a comfortable life, this is the best way to do so because it can be done quickly.
It provides convenience-It is also convenient because you no longer have to go to the bank to send money. You can use Cryptocurrency trading to deposit the funds in another account. All you have to do is press a button, and you should know that the transactions are instantaneous.

You now understand why it is essential to use a VPN when trading in Crypto on an exchange platform. It will help you stay safe and secure when selling on an exchange platform because it will hide your IP address and encrypt all the information you send during your transactions. If you want to be safer and more secure when trading on Crypto, use one of these above-listed VPNs. When you consider all the benefits of engaging in cryptocurrency trading, investing in cryptocurrencies will be a good idea. You should invest in them because they are safe, and anyone can make a lot of money from them.