3 Different Ways to Deal in Cryptocurrencies

Cryptocurrency is also known as virtual currency. It is the future of money, a virtual form of currency that can serve the purpose of a medium of exchange. It uses encryption technology to provide safety and security of the transaction histories of the users, which is one of the best uses of these cryptos. It mainly uses peer-to-peer technology to transfer mechanism that can be accessed, used and stored in wallets for the purchase and sale of any product or services. It is electronic cash system money. This form of payment is most prevalent in .onion site links.

This virtual money can be used internationally and is not regulated by any central bank or authority.

The History behind the Emergence of Cryptos:

The inception of virtual currencies was not smooth and was not warmly welcomed by general people. The first digital monetary platform was made in the last decade of the 20th century. Previously it was believed to serve a great purpose in following the .onion links and make fraudulent payments on Dark web directories.

It was in the year 2009 when a programmer going by his alias name Satoshi Nakamoto introduced Bitcoin. He described the Cryptocurrency as a peer to peer electronic cash system, which is decentralized and does not involve any servers and no regulating authority. It is most useful in terms of making payments on Dark Web Links.  Bitcoin’s price by market cap in the crypto market is determined by the demand and supply of the market and not by any regulating police. The most common platform which uses Cryptocurrencies as the method of payment is the Darknet Links.

How Does A Crypto Transaction Take Place?

It is a peer to electronic peer form of payment which is made with blockchain technology. As it is in the case of fiat currency accounting, we maintain a ledger where we record all the receipts and bills accordingly. But when we are dealing with cryptos, we note down a ledger that takes stock of the transactions, and it has to be confirmed by all the participants in the network regarding legitimacy.

How You Can Acquire Crypto Money:

Over the darknet and .onion Sites Links Bitcoin is a prevalent payment method. There are three different platforms where you can buy and sell Cryptocurrencies:

• Cryptocurrency Exchanges
• Cryptocurrency ATM (Bitcoin)
• Peer to Peer Services

1. From Exchanges: Crypto exchanges are online websites from where you can purchase crypto. Another essential feature of significant transactions is that you can also convert your local money in exchange for your preferred Cryptocurrency. Some exchanges allow trading on Dark net Links and .onion Hidden Links. Using these websites is an easy and hassle-free way to turn your fiat money in exchange for cryptos as they are comfortable and user-friendly as well. Major exchanges accept credit and debit cards and even wire and bank transfers, some of them accept PayPal. There are a lot of transactions from where you can buy and deal in cryptos, with a minimum level of security check. The best Cryptocurrency exchanges that trade with the digital asset are Coinbase, Binance, and Kraken. 

• Buy Cryptocurrency from Binance: 

World’s largest Cryptocurrency exchange in terms of volume traded, Binance is leading the market. You need to have your account on Binance so sign up with Binance, get yourself an account. Then you can store your coins in the designated wallet that comes with a private key as well. It supports a wide variety of digital assets which makes the platform flexible and takes away your worry about the platform not being compatible. The exchange also supports fiat to crypto trading in selected regions. Recently with its massive success in the Cryptocurrency market, Binance has launched its first token platform called Binance coin.

• Buy Cryptocurrency from Kraken:

Kraken is the platform whose name comes right after Binance’s, if you are into the market of Cryptocurrencies. They trade in all sorts of the digital asset. They do not allow funding the account via fiat currencies. To get started with Kraken, you need to go to the funding page of their website and select the deposit option as USD. Next, you need to click Next; you have to furnish details regarding wire transfer or the bank transfer and inform the bank about the process after which the bank will service your request.

• Buy Cryptocurrency from Coinbase:

Trading on Coinbase’s platform is pretty straightforward. Compared to other Cryptocurrency exchanges, Coinbase has a lot more straightforward interface than other transactions. The first step, you need to have an account on Coinbase. Resultantly you will be provided with a wallet where you can convert your local money like USD or EUR in return of other supported cryptos. Coinbase helps you to trade on the darknet and makes payments easier on the .onion hidden links. This payment method can be done via a debit or credit card. Coinbase has an interface pretty similar to that of a bank. You can link your card with your account and buy and sell cryptos real-time and every detail regarding the updating of balance in your bank and as well as in your Coinbase wallet.

2. Acquiring Cryptocurrency from ATM:

Buying cryptos from an ATM can sound a bit far-fetching; there are a lot of tools and device installed in major cities of the world. There are more than 4100 digital asset dispensing devices that can operate and distribute Bitcoins. It works the same way a bank ATM would work; it transfers digital currency directly to your respective Cryptocurrency service provider. Dealing in cryptos help .onion links become easier to follow. All you need to provide is a paper bill.

3. Peer To Peer Form Of Exchange:

It is the easiest way to deal in cryptos without the involvement of any middlemen or any corporation that allows dealing in coins directly. There are some limitations of this method - there are very few sellers, and the upside is there are fewer problems with documentation. This way of dealing helps in darknet transactions as well.