Friday, December 22, 2017

How to Buy Bitcoin from Pakistan or Anywhere?

These are some common questions asked in this space...


How do I buy Bitcoin or Ethereum?
How do I trade Alt. coins?
How do I sell Bitcoins or Crypto Currencies?
How much fees are involved?

I'll try to answer the above questions, directly...

How do I buy Bitcoin or Ethereum?
You can buy either through a fiat currency to crypto exchange, like CEX or directly by brokers listed on LocalBitcoins. By sending money via bank wire transfer.

How do I trade Alt. coins?

Usually the fiat exchanges don't carry an extensive list of alternate or alt. coins, this is where Binance comes in. Binance is a digital crytpo-only exchange, where you can not buy with USD or any for currency directly, what you can do is buy through CEX or Local Bitcoins (but watch out for scam brokers) and then send Bitcoin or Ethereum to Binance and trade them with dozens of alt. coins listed there. 

How do I sell Bitcoins or Crypto Currencies?

You follow the reverse process by trading your alt coins and sending to a fiat exchange, usually converting them to Dash, ETH or BTC. Then wire transfer the amount out to your bank account.


How much fees are involved?

Fiat Transfer Fees
Wire transfer (SWIFT) = Depends on bank, usually cheapest but slowest.
Credit card fees = 5% to 8% depending on the exchange. Usually costliest but fastest.

Crypto Transfer Fees
Bitcoin miners fees = high to low fees depending on speed required
Ethereum miners fees = Less than BTC, also high to low fees depending on speed required
DASH = Cheapest and faster than BTC.

If you found this useful, please use the links below to signup and to support my work and future articles. Thanks.

Binance Exchange - No Fiat pairs

https://launchpad.binance.com/register.html?ref=11258968

KuCoin 
https://www.kucoin.com/#/?r=7J5d13

BitStamp - USD Fiat pairs
https://www.bitstamp.net

CEX Exchange - USD Fiat pairs
https://cex.io/r/0/up111054611/0

Gemini - USA only
https://gemini.com

Local Bitcoins - Direct Sellers
https://localbitcoins.com/?ch=lhj8


Secure Your Crypto Currencies First


Recently many people are suffering because of forgotten passwords or losing their 2FA (two factor) app like Google Auth. Or losing their phone or not having access to it. To secure the perimeter around your hard earned assets, you can take the following measures.

1.    Use LastPass (https://lastpass.com/f?29961462) on all your PC and Phone, create complex passwords, and apply them quickly and safely. 2.

2.    Use Authy instead of the terrible Google Auth. App. Authy supports cloud and multi-device sync on Windows, Android, iOs and Mac. So you can recover your account, even if you lose everything provided your remember its backup password. Scan the QR codes with Authy instead, wherever you see Google Auth. is required. Google Auth. is not 2FA, the one time token protocol is standardized, Authy and many other apps support that.

In Summary use LassPass and Authy on all your accounts, Google, Microsoft, Apple, Amazon, Binance. Make sure you Backup your 2FA account recovery codes on alternate platforms. E.g. Google codes in LastPass notes or OneNote. Microsoft codes in Google Keep.

If you found this information useful and would like to support my work, please sign up using any of the referral links below. Thanks.

Links
LassPass
https://lastpass.com/f?29961462

Authy
1. https://authy.com/download/
2. https://play.google.com/store/apps/details?id=com.authy.authy&hl=en











How to Buy Bitcoin from Pakistan or Anywhere?

These are some common questions asked in this space... How do I buy Bitcoin or Ethereum? How do I trade Alt. coins? How do I sell Bitco...