How To Invest In Cryptocurrency Without A Trading Platform?

Usually, consulting an exchange is what we do to invest in cryptos. You’ll need to join up, verify your identity, and then deposit either cryptocurrency or fiat money. For those involved in the cryptocurrency market, this is par for the course, but the associated danger is substantial.

Many early cryptocurrency markets have been hit by denial-of-service (DDOS) attacks or even been hacked, resulting in the loss of using cash. The early fall of Mt. Gox, in which roughly 850,000 bitcoins were lost, is an excellent illustration of this.

This is only one instance of the many failures that occur when new cryptocurrency exchanges are launched. Additionally, it is paradoxical to keep your cryptocurrency on a controlled exchange given that the purpose of Bitcoin is to function as a decentralized currency or value of exchange.

But how can you trade successfully if you don’t have faith in an exchange? This article will discuss some methods for doing so.

What Is The Deal Here?

It has been shown that there is a risk in putting money into the cryptocurrency industry. On the other hand, if you can safeguard yourself, the payoffs may be phenomenal; in fact, they can be transformative if purchased at the optimal moment.

In most cases, two steps are required to purchase bitcoin in this manner safely. To begin, you’ll need a secure bitcoin wallet to keep your private keys safe. Additionally, both software and hardware wallets exist as alternatives.

Second, once you have a wallet set up, you may access any of the aforementioned services. Additionally, you complete the transaction on their site by purchasing bitcoin. In addition, the platform’s method for purchasing cryptocurrency is quite easy to understand and follow. You must provide your public key throughout this process so that the site can deliver you your freshly acquired cryptocurrency. Yes, that’s it; it’s that easy. The article then on to a detailed examination of the many exchanges where your private keys will never be stored when you make a bitcoin purchase.

Buying Cryptocurrencies Outside Of An Exchange

Here is a list of 4 merchants where you may purchase Bitcoin without making a deposit or withdrawal beforehand. These are, in my view, the most trustworthy and safe platforms:

Coinmama

The Coinmama platform lets people purchase, deal with, and exchange a range of cryptocurrencies. The need for an intermediary exchange to purchase Bitcoin or Ethereum has been eliminated. They’ve been active in the crypto industry since 2013, making them a major participant.

You may purchase or sell Bitcoin directly on their site, and they will automatically direct you to the exchange that offers the most favorable exchange rate. You may use their trading platform and make trades from any location in the globe.

PayBis

You may add PayBis to the list of sites that protect your privacy by never storing your private keys. This exchange just emerged in 2016 and has since been a go-to for fast bitcoin purchases and sales.

If you need Bitcoins quickly, this site is your best bet. It says on their site that you can do this in 15 minutes. Generally speaking, it goes like this:

A Bitcoin wallet must be created. A software wallet or a hardware wallet may be used if you don’t already have one.

Initiate a brand-new exchange using the PayBis system.

Just type in your Bitcoin address (public key) and your credit card details to pay.

Your Bitcoins will be sent to your wallet within the next 15 minutes.

Swapzone

You may also trade cryptocurrencies on a platform called Swapzone. It is possible to get VeChain directly, without first visiting an exchange. The plan is to trade your cryptocurrency in for whatever is the lowest exchange rate at the time. You may use their trading platform and make trades from any location in the globe.

Swapzone, in particular, is an aggregated non-custodial quick cryptocurrency exchange. Furthermore, similar to how the-bitsoft360-app.com utilizes optimal crypto pairings when exchanging, they continually check the best exchange rates for thousands of possible cryptocurrency pairs provided by exchange providers.

In addition, Swapzone provides you with up-to-date information about crypto exchange deals and services. In this way, you may shop around for the best exchange rate and convert bitcoin right away, with minimal costs and no need to sign up.

Changelly

Changelly is another alternative for purchasing cryptocurrency without using an exchange. A quick and easy way to purchase Bitcoin (BTC), Ethereum (ETH), and Polkadot (DOT) using U.S. dollars (USD) or Euros (EUR) is by using Changelly, an instant cryptocurrency exchange. Over 130 different cryptocurrencies may be exchanged with one another, and the service mechanism constantly seeks the best exchange prices.

The ability to acquire Bitcoin without providing identification is another unique selling point of this exchange. It simply requires you to provide your local wallet’s public key. And that’s it, you’re finished after you’ve processed the order on their site.

Almost 2 million people throughout the globe rely on Changelly because of the privacy it provides. To make use of their excellent security features, after creating an account on their platform, users need to turn on two-factor authentication (2FA) (2-step verification).

Conclusion

Do centralized markets merit trust? Would you want to participate in the bitcoin market but you are not a trader? These are all valid concerns, and in this post, I’ll explain how to get Bitcoin without using an intermediary.

Is there a catch to this method of making an Investment decision or buying cryptocurrency? A centralized exchange’s sole benefit is the ability to acquire cryptocurrency at a lower price due to the exchange’s massive volume of transactions.

Therefore, you alone must determine whether you are prepared to trust a third party with your valuable cryptocurrencies. When it comes to your own “crypto money,” this article will teach you how to keep it safe and secure at all times.