There are hundreds of sites that offer users the functionality for buying and selling cryptocurrencies. Someone registers in the exchange for constant trading, someone just looks for a convenient way to exchange cryptocurrency for fiat profitably and quickly. Safe storage of cryptocurrencies is always an urgent issue. There are many different solutions at the disposal of users, so today we’ll talk about cryptocurrency storage and exchange methods.
BetFury is a i-gaming platform. Funds on the Deposit can be used to play any games on the BetFury platform. Withdrawals are instant and do not have any manual interruption. Cryptocurrencies as a digital means of payment do not require the provision of personal data, allowing payments to be made much faster, do not limit the amount of the transaction, significantly reduce the lower limit of payments.
Currently TRX, BFG Token, USDT, BTT and BTC are acceptable to be used for playing on BetFury. More currencies will be available in further product releases.
How to buy one of the cryptocurrencies supported by BetFury?
Exchanges
The most popular option is crypto-exchanges. It is better to choose large and proven platforms, such as Binance, Poloniex, Bitfinex, Coindeal). However, there may be personal verification procedures (KYC & AML). Also note whether the exchange supports the currency of your bank card: euros, pounds, rubles, dollars, zloty. Otherwise, in order to replenish your personal account, you will need to use an exchange or a payment system (and this is an additional commission).
Let us show you, how it works with Binance
- Create a Binance account if you are not currently registered on the platform.
- Fund your Binance account. At this point, you need to send some BTC, BNB, BCH, ETH, LTC to the platform.
To do this press the “Buy Crypto” button in the Header. “Buy and Sell Cryptocurrency” page should be opened.
Enter the amount of USD (or another currency from the list) you want to spend. Choose the currency, which you want to buy (BTC, BNB, BCH, ETH, LTC). Press “Next” to continue.
(You can’t buy TRX directly with USD. At first, you need to buy another crypto, which can be exchanged for it.)In the next step you can use your credit or debit card to buy BTC. Press “Add a new card”.
“Add a card” pop-up page should be opened. Enter your card data. Press “Add a new card” to continue. Money should be sent to your account.
You can use BTC for games on BetFury, but we will also show how to make an exchange for TRX
3. Buying TRX
- Press the “Markets” button in the Header;
2)Find TRX in the Search field;
3)Click on the pair TRX/BTC;
The Exchange page should be opened.
In the “Buy TRX” section you can see the current price. You can buy it at once, or enter a lower price and wait till it will match and the purchase will be done automatically. Also enter the amount of TRX, which you want to buy. Press “Buy” to continue.
Withdraw your TRX from the exchange account into your TRX Wallet. If you don’t have it, follow the guide from BetFury:
https://steemit.com/betfury/@betfury-steem/5-steps-for-new-users-to-play-on-betfury
- Open your account;
- Press “Withdraw”;
- The “Withdraw” page should be opened.
Change the currency into TRX — choose it from the list;
Enter your TRX wallet address;
Enter the amount of money you’d like to withdraw;
Press “Submit” to finish;
Your TRX wallet should be charged.
Wallets
If you need to buy cryptocurrency now, you can use your wallet with the exchange function. In wallets like: HolyTransaction, Exodus, Keepkey, you can buy and withdraw funds.
Peer-to-Peer (P2P) exchangers
Today there is a large selection of exchangers. During the comparison, you can choose the service with the most favorable purchase rate. Among the advantages are a quick exchange of funds, integration with various payment systems, and high security of operations.
Bisq
BitQuick
Hodl Hodl
Local Bitcoins
Paxful
Look for more — https://bitcoin.org/uk/exchanges#international
Where to store your cryptocurrency safely?
There are many wallets that differ in currencies that can be stored on these wallets. Each cryptocurrency has its own wallet. They can be downloaded from the respective sites. For example, on Bitcoin.org there is a large selection of wallets for various devices from a PC to a smartphone with various operating systems for bitcoins, on Ethereum.org — for Ethereum.
Hot storage — is all existing online wallets that can be used on the Internet. The main feature of such wallets is the ability to spend/exchange their cryptocurrency at any moment if there is access to the network.
Hot wallets are divided into:
- Exchanges (for example, Poloniex and Binance), which are tied to the account of a particular user and allow you to exchange/sell your assets immediately on the site, as well as quickly send crypto to wallets of other platforms;
- Mobile wallets , which have gained particular popularity due to their convenience (since all operations are performed in a couple of clicks from the phone)
- Software applications (e.g. Tronlink for Chrome)
Nevertheless, it is better not to store large amounts on hot wallets, as they can be vulnerable to hacker attacks, viruses and server hacks.
Cold storage is an offline wallet with a private key (hardware storage).
This wallet is reminiscent of a flash drive, but is designed specifically for storing cryptocurrencies. In order to transfer funds you need to connect it via USB to your computer. Today there are such popular cryptocurrencies — Ledger, Trezor, KeepKey.
Benefits include offline storage and virus resistance, as well as a high level of security. Among the disadvantages — it can be lost, accidentally washed or mechanically damaged.
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