How to buy crypto on the street?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure, here's a step-by-step guide on how to buy crypto on the street: 1. Find a reputable seller: Look for individuals or groups who are known for selling cryptocurrencies in your area. You can find them through online forums, social media groups, or local meetups. 2. Meet in a public place: When arranging a meeting with a seller, choose a public place with a lot of people around, such as a coffee shop or a shopping mall. This will help ensure your safety during the transaction. 3. Bring cash: Most street sellers prefer cash payments, so make sure to bring enough cash to complete the transaction. It's important to count the money and verify the amount before handing it over. 4. Verify the cryptocurrency: Before finalizing the transaction, ask the seller to show you the cryptocurrency on their device. Make sure to verify the transaction details, such as the wallet address and the amount of cryptocurrency being transferred. 5. Transfer the funds: Once you're satisfied with the verification, transfer the agreed-upon amount of cash to the seller. They will then transfer the corresponding amount of cryptocurrency to your wallet. Remember, buying crypto on the street can be risky, so it's important to exercise caution and only deal with trusted sellers.
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• Dec 16, 2021 · 3 years ago
  Buying crypto on the street can be a convenient option if you prefer face-to-face transactions. However, it's important to be aware of the risks involved. Always research the seller and meet in a safe public place. Additionally, consider using a hardware wallet to store your cryptocurrency securely.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we recommend using regulated cryptocurrency exchanges for buying crypto. These exchanges provide a secure and transparent platform for trading cryptocurrencies. While buying crypto on the street may seem convenient, it carries a higher risk of scams and fraud. It's always better to prioritize the safety of your funds and personal information.
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