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[Mar20]

The process of buying and selling Bitcoin involves several steps:

1. Choose a cryptocurrency exchange or broker: There are several online exchanges and brokers that allow you to buy and sell Bitcoin, including Coinbase, Binance, and Kraken. It is important to choose a reputable and secure exchange, and to compare fees and features before making a decision.
2. Set up an account: To buy or sell Bitcoin, you will need to set up an account with the exchange or broker you have chosen. This typically involves providing personal information and proof of identity.
3. Add funds to your account: To buy Bitcoin, you will need to deposit funds into your exchange account. This can typically be done using a bank transfer, credit card, or debit card.
4. Buy Bitcoin: Once you have added funds to your account, you can buy Bitcoin using the exchange's trading platform. You will need to specify the amount of Bitcoin you wish to purchase, and the exchange will automatically calculate the total cost based on the current market price.
5. Store your Bitcoin: Once you have purchased Bitcoin, it is important to store it in a secure wallet. You can choose to store your Bitcoin on the exchange or in a separate wallet, such as a hardware wallet.
6. Sell Bitcoin: To sell Bitcoin, you will need to place an order on the exchange's trading platform. You will need to specify the amount of Bitcoin you wish to sell, and the exchange will automatically calculate the total cost based on the current market price.
7. Withdraw funds: Once you have sold your Bitcoin, you can withdraw the funds to your bank account or use them to purchase other cryptocurrencies.

The process of buying and selling Bitcoin can vary slightly depending on the exchange or broker you choose, so it is important to carefully follow the instructions provided by the platform. It is also important to be aware of the risks involved in investing in cryptocurrencies, and to only invest money that you can afford to lose.

 

[Riberet19]

Different trading platforms have been undergoing what I tag sensitisation to educate the people that may want to get cryptocurrency coins. This sensitisation has indeed helped the people to escape fraud.

There are many platforms that offer a section of basic education about cryptocurrencies and how to use them effectively and how scammers move and try to scam you with them, this type of education is important in the exchanges because it is usually the place where the most novices begin their adventures in cryptocurrencies, it is also a place of experts and intermediate users but these will already have a decent knowledge.

 

[Xrin Nightfall]

There are many platforms that offer a section of basic education about cryptocurrencies and how to use them effectively and how scammers move and try to scam you with them, this type of education is important in the exchanges because it is usually the place where the most novices begin their adventures in cryptocurrencies, it is also a place of experts and intermediate users but these will already have a decent knowledge.

There are many fraudulent activities that occur when buying and selling Bitcoin. These activities include scams, money laundering, and market manipulation. Scams occur when people are falsely promised high returns on their investments, while money laundering occurs when criminals use Bitcoin to conceal their proceeds from criminal activities.

 

[Wisdom01]

When it comes to buying and selling Bitcoin its really easy and it could be done on exchange platform or on peer to peer mode , but make sure the method you are using to trade most especially is a legit kind of method in the first place

 

[Riberet19]

There are many fraudulent activities that occur when buying and selling Bitcoin. These activities include scams, money laundering, and market manipulation. Scams occur when people are falsely promised high returns on their investments, while money laundering occurs when criminals use Bitcoin to conceal their proceeds from criminal activities.

although I do not understand why many of these criminals would really use Bitcoin when there are more private currencies than Bitcoin being the latter very transparent and easy to track, they may do their homework very well and use other methods that I do not know.

 

[btaliat]

When it comes to buying and selling Bitcoin its really easy and it could be done on exchange platform or on peer to peer mode , but make sure the method you are using to trade most especially is a legit kind of method in the first place

New traders don't have a problem using some trading platforms especially Binance. This is because Binance has made every steps to protect the new traders from being fraud of their money. There is a warning that coins should not be released except we have received money.

 

[Wisdom01]

New traders don't have a problem using some trading platforms especially Binance. This is because Binance has made every steps to protect the new traders from being fraud of their money. There is a warning that coins should not be released except we have received money.

Yeah but the problem is the kyc verification process they have introduced ,most new users that can't register because of the kyc verification introduced by binance ,might fall for scam sites and register

 

[Deyiang]

Well, in my own opinion when it comes to buying of Bitcoin you have first of all understand the security aspect of the website.
Then you have to go for cheap coins

 

[btaliat]

Yeah but the problem is the kyc verification process they have introduced ,most new users that can't register because of the kyc verification introduced by binance ,might fall for scam sites and register

I think the KYC is to make sure that there is much and strong security measures. I don't always feel free on any platform that doesn't care about the KYC. I always see it as not being safe when it comes to much money.

 

[Xrin Nightfall]

although I do not understand why many of these criminals would really use Bitcoin when there are more private currencies than Bitcoin being the latter very transparent and easy to track, they may do their homework very well and use other methods that I do not know.

Criminals often use bitcoin for its anonymity and lack of regulation, as it allows them to make transactions without being tracked by authorities. It can also be used to facilitate illegal activities such as money laundering, drug trafficking, and other forms of illegal commerce.

 

[Xrin Nightfall]

Buying Bitcoin:

Choose a Bitcoin exchange or broker: There are many online exchanges and brokers that allow you to buy and sell Bitcoin. Some popular options include Coinbase, Binance, and Kraken.

Set up an account: To use most Bitcoin exchanges, you will need to set up an account and provide some personal information, such as your name and email address.

It is important to research a bitcoin exchange before buying from them in order to make sure that it is legitimate and trustworthy. You should check the exchange's reputation, fees, customer reviews, security measures, and other relevant information.

 

[btaliat]

Criminals often use bitcoin for its anonymity and lack of regulation, as it allows them to make transactions without being tracked by authorities. It can also be used to facilitate illegal activities such as money laundering, drug trafficking, and other forms of illegal commerce.

This is the main argument by the government when they cancelled and banned transactions on crypto. There was increment in the people that are using crypto to perpetuate some illegal acts.

 

[Wisdom01]

I think the KYC is to make sure that there is much and strong security measures. I don't always feel free on any platform that doesn't care about the KYC. I always see it as not being safe when it comes to much money.

The security measures that should be considered should be strong , setting up a KYC that is actually strong is much more better , in that way the hackers would even find it difficult hacking the exchange platform

 

[Margery]

Yes, sensitization does provide people with fraud protection. Sensitization helps people understand when they may be at risk of fraud and how to avoid such risks. For example, in the US, the government is required by law to take serious measures to sensitize consumers, and the measures taken help consumers make more informed purchases.

 

[Riberet19]

Yes, sensitization does provide people with fraud protection. Sensitization helps people understand when they may be at risk of fraud and how to avoid such risks. For example, in the US, the government is required by law to take serious measures to sensitize consumers, and the measures taken help consumers make more informed purchases.

In the United States the laws against fraud are very broad and very well imposed, there is much more regulation and consumer protection, it is not surprising that they have come so far economically, which in other countries we do not do and simply scammers can act with impunity.

 

[Margery]

In the United States the laws against fraud are very broad and very well imposed, there is much more regulation and consumer protection, it is not surprising that they have come so far economically, which in other countries we do not do and simply scammers can act with impunity.

In this regard, there is a truly democratic model of society, when consumer protection laws are written not only on paper, but are strictly implemented. In many countries, especially developing ones, the rulers themselves are almost the main swindlers.

 

[Riberet19]

In this regard, there is a truly democratic model of society, when consumer protection laws are written not only on paper, but are strictly implemented. In many countries, especially developing ones, the rulers themselves are almost the main swindlers.

Yes, the lack of fair and democratic laws are what make countries stagnate, especially as you say, in developing countries, which have been so economically stagnant, I think because of the lack of security in everything that concerns the financial and economic sphere in a country.

 

[Margery]

Yes, the lack of fair and democratic laws are what make countries stagnate, especially as you say, in developing countries, which have been so economically stagnant, I think because of the lack of security in everything that concerns the financial and economic sphere in a country.

Most often, this happens because people come to power for their own enrichment, when there is no thought of developing anything.
Also, this can happen when a state is under temporary, external control.
There are quite a lot of examples, when a country has resources, but no money and technologies for their development, then it falls under external control. In this case, no one really thinks about the natives of this territory.

 

[Riberet19]

Most often, this happens because people come to power for their own enrichment, when there is no thought of developing anything.
Also, this can happen when a state is under temporary, external control.
There are quite a lot of examples, when a country has resources, but no money and technologies for their development, then it falls under external control. In this case, no one really thinks about the natives of this territory.

This has happened recently in my country a president arrived based on populism and promises, and since he has arrived nothing has improved, that is, the only thing he has done is raise money and fill the country with absurd rules that are the laughing stock of the Spanish-speaking international scene, he won by majority the last elections and now he has almost no support or willing voters, A shame.

 

[Margery]

This has happened recently in my country a president arrived based on populism and promises, and since he has arrived nothing has improved, that is, the only thing he has done is raise money and fill the country with absurd rules that are the laughing stock of the Spanish-speaking international scene, he won by majority the last elections and now he has almost no support or willing voters, A shame.

Honestly, I have such a feeling of the last few years, if you say no more that the prisoners in the EU are not chosen, but appointed. I was not really interested in your country, I remember only an attempt to separate Catalonia.
But I'm not talking about that. Look at the example of France, where there are strong leaders who can really lead. In my opinion in the EU, the last normal leader was an angel Merkel. To some extent, Sebastian Kurtz was independent in Austria, and they didn't give it ... Everything is controlled!

 

[Wisdom01]

When it comes to buying and selling Bitcoin, a trader must put in strong hold and understand the scheme of investing , without investing with caution could actually cause more problem , investing well really matters