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The short answer is:
For a long answer, read our guide to buying Bitcoins and cryptocurrencies, where you will understand these key points:
Before you choose the stock exchange and exchange office itself, you need to have a clear plan of what you intend to do with cryptocurrencies and how much you want to buy.
Many exchanges offer only a few cryptocurrencies. NThey are more popular Bitcoin, Ethereum and Litecoin. There are only a few exchange offices that offer a wider range of alternative cryptocurrencies. It is naturally better to have more choice, because you have more options to choose the most interesting one.
The level and type of security mechanisms used by the Exchange are necessary to ensure the security of your coins. Examples of good security practices performed by exchanges include:
Having responsive customer support will save you a lot of time, especially in a rapidly changing environment. Problems in your process of verification, deposits / withdrawals, reflection of funds and trading orders should be resolved quickly by the exchange office.
Low transaction fees for buying and selling are important, because if you trade often, you could lose a lot of capital on these fees. It is important to look at the fees of your exchange office to see if it is relatively comparable to other exchanges.
The user interface of the exchange office should be easy to use to avoid confusion. Controlling the necessary indicators and the ease of navigation through the platform should make it easier for anyone to use the interface.
Cryptocurrencies are no longer the Wild West. If you want to invest anonymously, you must invest in small amounts below 20 thousand crowns per week. Therefore, there are three levels of possible anonymization of your purchase.
In the world of cryptocurrencies, speed is important. Choose a payment method based on how fast you want the cryptocurrencies on your wallet. As a rule, the first purchase can be complicated and it pays to think about it. After all, it's about your money. Using a gear is therefore the best choice. However, stock exchanges such as Binance also offer credit card purchases, which are virtually instantaneous.
Wondering how to buy Bitcoin via PayPal, or you want to buy another cryptocurrencies via PayPal? Right at the beginning, you need to realize that There is no direct way to buy Bitcoin using PayPal, because Bitcoin transactions are non-refundable. However, there are some indirect ways that users around the world use to buy Bitcoins using PayPal.
The only advantage is that many Czechs have foreign currencies such as the US dollar or the euro on PayPal. In this case, it is advisable to use them if they just lie there.
Another disadvantage is the huge fees. Often around the whole 12 %. Also keep in mind that many users have their PayPal connected to a credit card or account. Thanks to this, you do not actually use PayPal wallets directly, but your bank. You pay unnecessarily fees that are disproportionately smaller for a classic purchase by card or transfer.
The most common question for newcomers to the cryptoworld is how to convert your Bitcoin into dollars, euros, pounds, or any other currency. As stubborn as you may be, one day the time will come when you will have to sell a piece of your portfolio and turn it into a little more usable currency. In this article, we will say how to sell bitcoin and realize profits.
The Czech Republic boasts the largest network of kiosks for the purchase and sale of Bitcoin. You can find them all over Prague in almost every metro or shopping center. Other regional cities such as Pilsen, Brno and Pardubice are not behind either. Even the purchase is therefore simple and even a matter of minutes. Here you will find a map Bitcoin vending machines.
If you have time to walk around the city, then shopping through the kiosk is the golden mean. It offers the maximum possible anonymity for a fair price. Fees in the Czech Republic range from 5 to 10%.
The advantage is speed and almost continuous accessibility. Especially when selling, it is useful to have money in hand within a few minutes. There is no need to constantly think about whether a holiday or a weekend is coming. Shopping malls are open 20 hours a day. The purchase of cryptocurrencies will also be made possible by practically every modern newsagent. We have shopping kiosks on display at almost every Relay newsstand.
Some vending machines only offer a purchase. Keep this in mind when watching the map. As a rule, you will find a shopping kiosk in every newsagent's, however, a full-fledged ATM must also stand in a busy place, such as shopping malls, for security reasons.
If you don't need to own Bitcoin anonymously, the 5 - 10 % fee for you can still be quite high. However, anonymity is one of the basic pillars of cryptocurrencies and it is therefore good to at least consider it.
As with conventional ATMs, it is necessary to first check whether everything is as it should be. The machine appears to be fine, there is nothing suspicious about it. Bitcoins sent to the wrong address can no longer be retrieved. Again, keep in mind that you are manipulating your money.
In discussions and on ours Facebook page or group you often ask us the same questions. We are happy to answer you and therefore we present detailed answers to the most common questions right here in the article.