People worldwide are investing in cryptocurrencies to avoid money depreciation and gain profits. Before buying crypto or investing in bitcoin is important to choose a reliable platform.
Are you interested in buying bitcoin in Egypt? Here is some guidance about the step that will help you get bitcoin through reliable exchanges that provide ease in investment.
Easy step to buy bitcoin in Egypt
People are investing in bitcoin due to good returns. There are easy steps to capitalize the investment by buying bitcoin in Egypt.
The exchange plays an important role in the trading or buying of bitcoin. So, while getting bitcoin, it is necessary to choose the right platform. The platform can only be the exchange offer to trade, a bitcoin exchange, delivery, and much more.
Multiple online platforms claim to be authentic to buy bitcoin but knowing before investing is better to not end up with a scam. Some exchanges like Karken, Paxful, Binance in Egypt, etc., claim to be the right crypto exchanges.
After choosing the exchange, now move towards another necessary step: registration. When you buy crypto in Egypt, go through the process of registration. It starts with the designed registration form available on the exchange website.
Enter the right particulars like the email id, contact number, and other information required. After verifying the details entered, the profile will approve from the exchange terminal.
Follow the KYC process.
Almost every exchange follows the automated KYC (know your customer) process linked with registration. It is important to fill the KYC form after the registration foam updates.
When the registration and KYC foam particulars are filled, the next step is to transfer the funds to the account. The depositing amount is followed by the measures designed from the exchanges. The process will take times that depend on the exchange and its requirements.
You can choose any bank account or other sources defined by the exchange to transfer the amount. The time of depositing amount can vary from exchange and authority of fund transfer. To buy bitcoin, you can link debit or credit cards, respectively.
You are now moving towards the step that is capitalizing the amount by buying bitcoin. When the amount is deposited in the account, you can buy bitcoin or invest in other crypto offerings by the exchange.
In addition, it is suggested to create the crypto wallet after registering the account with the exchange. Create a crypto wallet and link it with the exchange. It is better to transfer the bitcoin to the wallet after buying from the exchange.
Top exchanges to buy bitcoin
It is necessary to link with the exchange before buying crypto, like bitcoin or more. It is the only platform that provides a source to buy bitcoin directly.
Here are multiple exchanges that are working and providing bitcoin buying facilities. Some are mentioned as follows:
Kraken is one of the big and old exchanges working to provide the trading crypto. It is available across the world and offers bitcoin or other cryptocurrencies. The exchange offers easy fund transfer through credit or debit cards. Moreover, accept funds in different currencies like the Dollar, British pound, Euro, etc.
With a good volume of trading or buying, the bitcoin exchange offers 0% fee relaxation to the investors. It is one of the best and trusted exchanges to buy bitcoin.
Paxful is an exchange that becomes the finest choice to buy bitcoin from cash or peer currency. It offers sustainability and a user-friendly interface for investors. Furthermore, the exchange facilitates users to provide the prices to exchange the bitcoin through a simple method.
In Paxful, users will not require verification for almost $1000 bitcoin buying. It accepts deposits through credit or debit cards, Dollars, British Pound, Euro, etc.
Local bitcoin is another exchange to buy bitcoin in Egypt. It was established in 2012 and quickly grew or spread its boundaries around the globe. There are multiple payment methods accepted like credit or debit cards etc.
The exchange offers bank transfers and other deposit options to the customers. Moreover, payment through personal meetings is also appreciated. Only a 1% fee applies to the seller from the exchange.
Features of the best exchange to buy bitcoin
Research about bitcoin or crypto is an initiative for those new in the market and who want to trade bitcoin or crypto. The exchange is important to choose, and only trusted exchange will help get the bitcoin without hassle or avoiding scams.
There are some features that every best exchange should have to continue grabbing customers.Let’s focus on the following features while choosing the right exchange to buy bitcoin.
The availability of exchange in the region is important. But we cannot neglect government policies and restrictions over the exchanges. So, not necessary that the exchange is available in Egypt from where you can buy bitcoin or crypto.
The payment method is important to know before investing. Choose the platform that accepts multiple payment methods. In peer-to-peer exchanges, you can find the option to buy the bitcoin from the seller in direct dealing as well. You can manage to buy bitcoin with a credit card in Egypt.
Liquidity or delivery time
Liquidity is an important concern for the investor that belongs to how easily the crypto is convertible into cash. If you want to convert the coin with immediate liquidity into money, choose the credit or debit card payment. It is a fast delivery medium to transfer cash as well as bitcoin.
Exchanges offer a different fee structure that depends on the payment method. If you choose the payment method of debit or credit card, then the fee structure varies. Moreover, the fee is different if you select the peer-to-peer bitcoin transaction or buying facility. Usually, the payment through credit or debit card comes with higher costs.
Now the availability of exchanges around the globe makes bitcoin buying easier for investors. If you are willing to capitalize your funds with bitcoin or crypto, follow the right platform. Or important is to avoid the scammers by doing the proper KYC.