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How to buy cryptocurrencies in your local currency?
Many people are interested in investing in the cryptocurrency sector. However, buying cryptos can seem difficult. Luckily, that's just a false belief, since buying can be much easier than you think.
The main way to buy on exchanges is through a credit card. Unfortunately, not everyone has access to one, not to mention that many banks do not allow cards to be used in these types of places. If you do not have one, do not worry, it is possible to buy cryptocurrencies with your local money in a simple way.
Today we are going to talk about exactly this. You will learn to buy cryptocurrencies with your bank account and in your local currency without problems. In addition, we will tell you which are the two best platforms to do it.
Why buy cryptos in local currency?
On many occasions, people want to buy cryptocurrencies. Either as savings or as an investment. But not everyone has a foreign currency credit card that allows them to make these purchases. That is why a very good alternative is to buy them in local currency.
This allows a greater number of people to have access to them. So, it is not only beneficial for the platform or for the sector, but also for the users.
How to buy cryptocurrencies with local money?
You can buy various types of tokens through the P2P market. In this market, you are not buying from a platform, but directly from another person. However, some platforms facilitate this exchange between users.
Not only do they facilitate trading, but platforms like Binance or KuCoin have a system to prevent fraud. In this way, transactions between users are quite secure.
The purchase process is quite simple and you just need to have a verified account on the platform of your choice.
Once you have your account, you must access the P2P market. In this place you will find a large number of offers, you must filter by token and by the currency you want to buy. Then you will only have to choose the offer that suits you best and carry out the transaction with the other user.
That's all you need to buy crypto with local money. The process is quite fast and simple, but best of all, it is commission-free.
The best platforms to buy cryptocurrencies in local currency
In the market there are several options for buying cryptos. Next, we will talk about the three most popular. All of these platforms offer totally secure P2P operations. In addition, they operate in most countries, so no matter where you are, you will be able to buy.
Binance
Binance is one of the most popular exchanges on the market. As part of its offer to its users, it offers a huge P2P marketplace. In this you can find various cryptocurrencies such as USDT, BUSD, BTC, ETH and many more.
In addition, it offers transactions in practically all existing banks and payment processors. It is probably the best option you have available for buying crypto assets. Security is one of the things that attracts the most attention and that is that the platform blocks the assets until the transaction is completed or cancelled.
If a problem occurs, the transaction can be appealed and the funds are frozen. They are only released until the claim is resolved. So, both the buying and selling of cryptocurrencies is very safe.
localbitcoins
This is another of the longest running platforms on the market. It is already several years old and was the most popular until the appearance of Binance P2P. However, it is still valid and many people continue to use it every day.
Without a doubt, Localbitcoins is a very interesting option that you should take into account. It has no commissions and you can buy different types of cryptocurrencies.
KuCoin
KuCoin is another of the best platforms you have available for buying cryptocurrencies in local currency. In KuCoin there are no commissions when buying cryptocurrencies through the P2P market.
In addition, it makes available to its users a complete platform in which users can carry out their transactions. All this safely thanks to the fact that the platform freezes the funds until the transaction is made or cancelled.
