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One of the hot topics being discussed everywhere is the digital currencies. 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 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. 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 to more than in With more than 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.
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. 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. 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. Some personal information is required on this page and you have to fill these information and save them. 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. This will take you to another page. 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. This page requires billing information and address. You have to fill in all the required information on this page and click continue.
You will be asked to verify your Email and phone number. 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.
Do not log out of your account until Coinmama confirms your verification. After the completion of the process, Bitcoins will reach your wallet address in minutes.
Founder and Editor of RippleCoinNews. Passionate about how technology can empower people to create a more just and sustainable world.
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