Note: This is a beginner guide.
Soaring cryptocurrency values have a lot of potential traders wondering how exactly they can get in on the action.
The simplest answer to that question is that they need to get their hands on some crypto of course, but that’s often easier said than done – especially for someone just starting out in the trade, it can be rather confusing.
Since cryptocurrency values change all of the time you need a service that will allow you to buy Bytom easily and the fastest way to do that is by using your debit card or your credit card. ( although it can be more expensive than bank transfer )
In this article we’re going to provide some useful guidance for first-time buyers of Bytom. Little exchange services allow direct purchase of Bytom using fiat, so normally if you would like to purchase bytom using fiats, you will have to going through a few steps.
You may also need to consider a few things before making your first Bytom purchase. Each exchange has its own rules and regulations depends on the location where it is based. As a result of this some of the verification documentation they require may be different and this might impact your decision as to what service to use as your medium of transaction.
For example, one of the major things that many new traders have to be on the lookout are fees charged. When buying Ethereum using your credit card or debit card / bank transfer you have to be wary of the fees associated with the transaction, some of which can be quite large. Another thing to consider on top of this is the identity verification requirements. These differ from service to service but you can almost be assured that any exchange will require some kind of identification to proceed if you are purchasing a large amount.
Note: Start from Step 1 if you are trying to buy Bytom coins using Fiats. If you are looking to purchase Bytom using other cryptocurrencies like Bitcoin / Ethereum, starts from Step 2.