“Do your research” or “Do your research” is a phrase often used by people who have tangents with the crypto market. It mainly refers to the fact that some constant dose of research can lead to profit or good choices for you and your digital wallet. The theory is not true or false, but one thing we know for sure, a well-informed mind will know how to make the right choices. Buy cryptocurrencies without worry after reading this article
In this article we will tackle an important topic in the crypto world, namely how to buy cryptocurrencies without an account. It is important to do your research on this topic. The method by which you buy cryptocurrencies directly affects the security of your personal and financial data.
1. Buy cryptocurrencies without ID
A very important process to clarify would be the methods by which you can buy cryptocurrencies. The actual process will differ depending on the method you choose. We will talk about the pros and cons of different methods below. Read on and make the right decision for you. Buy cryptocurrencies without ID after reading this article.
1.1 Where do I buy cryptocurrencies?
- Custodial exchanges
Platforms like these offer a wide range of cryptocurrencies. They are also easy for beginners to use, but the drawbacks are too big to ignore. Before making any transactions, you need to create an account and verify your identity. Next, it’s very important to know that your wallet is on the platform you’ve made your account on. Therefore, it’s not you who controls your funds, it’s the platform that does. To have full control over your funds, you need to use a non-custodial platform. One such example is Binance.
- Non-custodial exchanges
Besides the great advantage of having full control over your transactions, this type of exchange also has a few other strengths worth mentioning: you don’t have to set up an account or verify your identity in any way, and transactions are completed very quickly. A good example in this category is Abarai, where you can choose to buy or exchange from a wide range of cryptocurrencies.
- Cryptocurrency ATMs
Like any other currency in the world, cryptocurrencies can be bought or sold for cash at an ATM. ATMs can be a good alternative to custodial exchanges. They are convenient and easy to use, you just need to go to the machine’s location to complete a transaction. As with non-custodial exchanges, Abarai also offers ATM trading, see our locations.
1.2. Where do I buy cryptocurrencies? Buy cryptocurrencies simply
The answer is simple – simplify the process. Exchange platforms generally require personal data and strict user verifications. This creates discomfort, especially for people who want to keep their cryptocurrency transactions private. The user verification process takes time, and for people who want to trade quickly time is of the essence.
Also, as the sole “owner” of your funds, you have absolute control over everything that happens with them.
1.3. How do I buy cryptocurrencies if I am a beginner?
“Buy cryptocurrencies” or “how do I buy EGLD” are questions we frequently hear from those who have not yet traded cryptocurrencies at all. We believe that crypto trading should not be an impediment for beginners. We’ve developed Abarai so that the process is simple and as quick as possible, and all the questions like “how to…?” disappear. However, if you have difficulties using the platform, contact us at support@abarai.ro in order to resolve any impasse.
1.4. What options do I have in the Romanian cryptocurrency market?
In Romania you have access to a wide range of cryptocurrencies, however whether you want to buy or exchange depends mainly on the platform you choose. At the same time, there are a few popular cryptocurrency options that any platform should make available to you.
- 1. Bitcoin (BTC)
- 2. Ethereum (ETH)
- 3. Elrond (EGLD)
- 4. Litecoin (LTC)
1.4.1 Do I have to be in the country to trade on cryptocurrency platforms Romania?
As long as you have a device with internet access, with Abarai you can buy cryptocurrencies from anywhere. Our services are available in 180 countries, which gives you the freedom to make quick trades at key moments, wherever you are. There’s no need to worry about the currency you choose to trade in either, as we offer over 45 currencies to choose from.
1.4.2. Where do I buy cryptocurrencies in Romania?
The ways or procedures for buying cryptocurrencies do not differ from other countries. The types of platforms are the same. The important thing is to be judicious with the choice of the platform you want to trade on. Carefully weigh up the pros and cons of both the types of platforms I mentioned above and pay particular attention to the fees that a transaction brings with it so that you don’t make a transaction you regret.
1.4.3. Is it worth investing in crypto?
The cryptocurrency investment area is known to be very volatile. However, the bottom line is that investing can bring significant profits as well as commensurate losses or risks. As mentioned in the first part of the article, it is very important to be informed at all times. Also, one piece of advice we can offer you to somewhat smooth out the volatility of the cryptocurrency investment area is to diversify your portfolio. If one cryptocurrency goes down in price, another can go up and so on.
In conclusion, you can buy cryptocurrencies without an account or swap between them through any platform like Abarai. However, this does not apply in all conditions. Therefore, you should also take into account the policies of the platform in question. For example, on Abarai you can trade almost instantaneously, but if the amount you want to trade is over €1000, you will need to upload a photo ID.
Also note that every transaction you make must have a destination address, which is your virtual wallet. Make sure you have created your own wallet in which to store your funds and which supports the blockchain of the cryptocurrency you are trading. If you still don’t know how to create your own wallet or don’t know the advantages of having your own personal one, then read this article which will help you with all the details for bitcoin wallets.