One of the hot topics being discussed everywhere is the digital currencies. After 100% increase in the value of Bitcoin this month, more and more people are being attracted to this currency. About two years ago, people used to laugh at the person who wanted to exchange Bitcoins for a few dollars. But now, almost every person wants to exchange their dollars with Bitcoin. All this is because of soaring prices of the digital currency. It has made the transactions quite easy by eliminating the role of third part or intermediary or bank. The transactions in crypto currency take place directly between the seller and the purchaser. These transactions are recorded on a distributed digital ledger called blockchain.
One of the gigantic problems that common people are facing, nowadays, is which is the best crypto currency, which is the best place to buy it, and which is the best way to buy it. Before answering this question, I would like to explain some basic concepts that may help you understand the realities behind crypto world.
Bitcoin is the most valuable and old digital currency that was made public in 2009. It is actually a digital currency in the form of a coin that is created after a lot of mathematical computations. Bitcoin is traded directly between the sellers and the buyers without any third party. All the transactions are recorded in an electronic ledger called blockchain.
Which are the Best Places to Buy Bitcoin?
With the increasing use of virtual currencies, the number of websites selling these currencies has also increased. Their number has increased from only 6 in 2014 to more than 200 in 2017. With more than 200 Bitcoin exchanges, people are worried about which is the best and trustworthy website to buy virtual currencies. After minute observation of various Bitcoin exchanges, we have come to the conclusion that Coinmama is the best and trustworthy exchange for purchasing or selling Bitcoins. Coinmama is an Israel based crypto currency exchange that allows the users to buy Bitcoins through their Debit or Credit cards without any hassle of verification.
Another top reason to buy Bitcoins from this website is that it is at ‘offshore’ location and uses cash deposit method also. This website keeps your transactions private to a great extent. Also, the website is so designed that the users can easily use it on their PC and mobile browsers as well. Moreover, this website provides 24/7 customer support to help the buyers in any kind of problem they face during purchase of these Bitcoins.
Buying Bitcoins with Debit/Credit Cards without Verification
One of the easiest ways to buy bitcoins is through Debit/Credit cards. This is because this method allows you to buy coins from any trustworthy place in the world irrespective of where you are sitting. Here, one thing worth mentioning is that most of the websites need verification for this process. Some require the ID verification by sending a picture holding your debit/credit card. Others require SMS or any other kind of verification. Coinmama is the only exchange which offers its customers buy bitcoins without any verification. Following are the steps in buying bitcoins through this exchange without verification.
To buy, sell, or exchange bitcoins on any online exchange, you have to first sign up for that website or exchange. This means you have to open an account on that website. During this account opening process, you have to verify your email address.
2-Login Your Account
After logging in go to ‘My Account’ tab and click it. A page will be displayed like this
Some personal information is required on this page and you have to fill these information and save them.
3-Click ‘Buy Bitcoins’ Tab
After filling in all the personal information and saving, a new page will open. This page will display various options. For example, you can enter amount of how many Bitcoins you want to buy. This may range between 0.01 to any number.
After selecting the number of bitcoins you want to buy press this green tab saying ‘buy bitcoins’. This will take you to another page.
4-Select Payment Method
Now, comes the payment method and you have to select the credit/debit card payment method.
After selection, you have to enter your credit card details, security code, and you are done.
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5-Bitcoin Wallet Address
After credit/debit card authentication/verification, you will have to enter your wallet address. Here, it is pertinent to mention that Bitcoins are always kept in wallets. These may be either hard or soft wallets. This wallet is actually the address where those Bitcoins that you have purchased will be delivered. All this is done after the confirmation of payment.
Enter your wallet address in the empty field above press the tab ‘complete payment’ below.
6-Billing Information and Address
After clicking ‘complete payment’ tab, a new page will open before you. This page requires billing information and address. You have to fill in all the required information on this page and click continue.
7-Credit/Debit Card Information
The next step is the entrance of your credit/debit card information. This information is also filled in following form and click ‘pay now’ tab.
8-Verify your Email and Phone Number
You will be asked to verify your Email and phone number. Here is the difference that Coinmama requires the ID picture of the buyer holding his credit/debit card.
Most people will not need to upload a selfie. Just skip step 8 if CoinMama does not request this from you.
There are two separate steps of verification. One is email and phone number verification and the other is ID picture uploading verification. If Coinmama requires ID picture, you can skip the previous step which requires email and phone number verification.
This picture ID verification requires you to hold your credit/debit card into your hands.
10-Wait for Confirmation of Verification
Do not log out of your account until Coinmama confirms your verification. You will see that the tab of ‘Thank You’ will be highlighted.
11-Receiving Confirmation Email
After your payment is verified, the exchange will send you a confirmation email saying this.
After the completion of the process, Bitcoins will reach your wallet address in 20-30 minutes.