Post
Topic
Board Trading Discussion
Re: How to Buy Bitcoin with Fiat Money: For Beginners
by
yudi09
on 22/08/2024, 15:31:48 UTC
Next, select an exchange that supports your payment method. Set up your account, link your payment method, and deposit your fiat currency. Once the funds are in, navigate to the Bitcoin section, select the amount you want to buy, and complete the transaction. For added security, consider transferring your Bitcoin to a secure wallet.

If you know another way to buy Bitcoin with fiat, share it in the comment section.
Usually every exchange requires every user to complete KYC as in my country of residence. KYC is the privacy of each user that can be misused even though the party does not necessarily intend to misuse the data. If there is an option that allows users to buy Bitcoin without having to go through a KYC exchange, that would be better. It's not that there aren't any, exchanges that don't require KYC do exist but I have never made a purchase using an exchange without KYC like https://bisq.network/getting-started/