How to buy bitcoins, if you live in Russia

I want to register for kriptoploschadke. What problems can arise?

The first thing to remember - the verification will take a lot of time. Due to the fact that cryptocurrency now at the peak of popularity, wanting to get hold of it very much. So much that the online platform designed for transactions, can not cope with the number of visitors.

If before registration and verification procedure takes 30-60 minutes, but now verification at sites such as Gdax or Bitfinex, Lasts for several days. And not the fact that it will end successfully.

Another difficulty that occurs when registering at any kriptobirzhe - the lack of Russian interface and Russian-speaking support. You'll have yourself to understand all of the terms, to properly fill out an application for opening an account. The same applies to trade directly on the site.

use browser extensions for automatic page translation into Russian. In this case, the second tab, leave the English version. Unfortunately, not all the terms are recognized translators correctly. Some have their own search on the Internet.

It is necessary to take into account that in most exchanges is not demo mode. This means that the spear method does not help here.

I need some documents to register? Is a Russian passport approach?

Yes, you will need a passport. But the Russian papers and documents are residents of the CIS countries can be a challenge. Some kriptoploschadki do not accept them, some after long consideration of applications sent failures, the only reason for that may be the applicant citizenship. For example, the American Stock Exchange Poloniex may well deny you, if you give a Russian passport.

As you can resort to the use of kriptobirzh second tier as a solution to this problem, for example, Bittrex. On this site verification is needed only when funds are withdrawn. You will need passport details and a photo of good quality with an unwrapped passport in their hands.

But the commission on a stock exchange for each transaction is 0.25%. Deposits and withdrawals made cryptocurrency. This means that you either need to have kriptovalyutny purse or use the corresponding exchangers, which are also taking a considerable commission Bitcoin (from 0,01 BTC for the quick version exchange).

And what are the foreign kriptoploschadki? Is it possible for them to buy bitcoins?

Almost all of the existing site, or Asian American. On the most recent access to the Russian IP-address is blocked.

legal means lock bypass No, but from illegal better to abstain. In addition to the fines, the violators may apply more serious sanctions. Service providers are required to monitor the use of illegal methods of circumvention in the case of an offense commit to block user access to the Internet. Therefore, violation of this prohibition - at your own risk.

On the Asian markets get easier, but in the Korean market, for example Coinone, Is unlikely to help - it is necessary to deal with a foreign language, and automatic translation services do not always cope perfectly well.

Therefore, the two outputs remains: either to teach Korean, or use the Russian site.

I registered. How to update your account?

In exceptional cases, when you pass the verification, in some markets it is possible to directly recharge the account through a bank card or payment service such as PayPal. About WebMoney common in Russian or "Yandex. Money "can immediately forget.

However, in most cases you will need to enter the stock market directly cryptocurrency. This means that in the absence of personal kriptokoshelka will need to use third-party services exchangers, for example Betatransfer.

The disadvantages of all exchangers include increased commission for a quick translation, large spread (the difference between buying and selling), an overvalued exchange rate, as well as non-trading risks.

So how do you buy bitcoins?

There are several ways. Can be used LocalBitcoins - a P2P-exchanger, where people expose their offers to buy or sell cryptocurrency. Site itself acts as an intermediary, protecting the interests of users, but it will charge a fee of 1% with the seller. The mechanism of operation is similar to AliExpress.

A more interesting option - various kriptobirzhi. Of those who work with the Russian documents can be identified Cex.io and Coinbase. The first supports registration through Facebook and Google profile, the second accepts payments via PayPal.

More popular Exmo - kriptovalyutnaya exchange with quick commissioning, the average period of verification and uncertain long term withdrawal. The commission for the transaction is 0.2%, for the withdrawal of funds - 0,001 BTC. Among other drawbacks - an awkward interface.

Exchanges a lot. They offer a different set of services, including the exchange of money for fiatnyh cryptocurrency opportunity the use of bank cards, replenishment and withdrawal of funds through bank transfers and WebMoney system PerfectMoney. However, working conditions, currency pairs, tools and services for the percentage change before our eyes. Therefore, when performing operations, be especially careful.

And you can explain with an example?

Of course. Consider how to buy and sell bitcoins at these sites.

Let's say we have 100 thousand rubles. Bitcoin sold for US dollars for rubles not buy it. So the first step - the exchange of rubles for WMZ. At the stock exchange WebMoney minimum current exchange rate of 58.16 rubles per US dollar. Commission for deposits - 0.8%. In total we have on purse WMZ 1 705.64 dollars. The CBR rate is 56.76 rubles. Fee and commission loss at this stage - 56.16 dollars.

The second step - the purchase bitcoins for WMZ to Betatransfer. exchange rate - 13 369 WMZ for 1 BTC. On 1 705,64 WMZ will buy 0,1276 BTC. In this case, the current rate on the stock exchanges of 11 645 dollars for 1 BTC. Fees loss - 219.95 dollars.

If you only want to buy bitcoins, then at this point you can create a bitcoin wallet and transfer funds to it. It should be understood that it is necessary to block the commission in both directions (552.23 dollars or 31 345 rubles). Respectively, on the stock exchange bitcoin is to grow by 11 645 to 12 197 dollars to cover the commission.

If your goal is not cryptocurrency warehousing, and earnings on exchange movement, proceed to the next step - enrollment bitcoins on Bittrex exchange. Commission for crediting - 0,25% and 0,25% more in the first deal that you will spend. In our case - 7.5 dollar.

It is important to remember that the earnings on changes in currency rates involves the use of margin trading. On Bittrex leverage limited level of 1 to 3.

Since the end of November 2017 was the lowest price of the reservation of 50 000-100 000 Satoshi (one millionth of a Bitcoin). In our example, we have 127 582 Satoshi. This is slightly more than the minimum range, which in general should be considered trade on this exchange.

There is a way to capitalize on the growth rate bitcoins without buying it?

If you want to capitalize on the growth of Bitcoin, you do not have to buy cryptocurrency. We can restrict the purchase of derivative financial instrument, which will make prices change. This variant offers Exchange Libertex. Among its advantages - operational verification of identity and loyalty to the Russian documents. platform also provides the ability to replenish the account and withdraw money using the card or bank account.

Quite recently been launched futures contracts on the Chicago exchange bitcoin CBOE (Chicago Board Options Exchange) - one of the world's major stock exchanges. Unfortunately, this option is for Russian citizens realize little, since access to the exchange offer US brokers, and open an account with them, the Russians almost impossible.

How to store cryptocurrency?

For storage kriptokoda confirming your ownership, you need a special kriptokoshelok. Suit or Coinbase Exodus. The first supports only three currencies, the second - fifteen.

There are more such international services as Trezor and KeepKey. They support various types cryptocurrency, but difficulties can arise when registering an account. For example, at some point you can not access the service due to the fact that it will be available in Russia.

To keep the bitcoins to Trezor, will have to buy a special USB-key value of 89 euros. In this case, the manufacturer guarantees compatibility with all current computer operating systems, virus protection and even protection from devaysa loss. Using the secret word, you can regain access to the new USB-key.

After registration you will have your kriptovalyutny wallet with a unique address and will automatically bind to it. After an exchange of money for bitcoin fiatnyh using kriptoobmennikov or other tools that will immediately come to your personal kriptoschot. Confirmations of transactions taking place in the automatic mode, take a minimum of time and do not require user intervention.

To take advantage of your wallet, you will need to connect the USB-key. This solution eliminates unauthorized access to your account and add protection at the physical level.

I risk buying bitcoins?

Of course. Now rate volatility is so high that, in deciding to engage in kriptoistoriyu, this should be done as quickly as possible. Sooner or later the bubble will burst cryptocurrency, so you should be very careful in assessing the risk and timing of investment. For the coming year, analysts are optimistic, but the guarantees will not give one.

for transactions Commission cryptocurrency and time of transactions is increasing. Kriptovalyutnye exchange experience serious problems associated with the growth of traffic, traffic and number of users. Not all of them cope, not to mention the specifics of the exchangers.

Is it possible to somehow reduce the risks?

Yes. To reduce the non-trading risks, as well as to protect themselves from possible sharp devaluation cryptocurrency, should pay attention to a few things.

Place of registration kriptovalyutnoy Exchange exchanger or broker

The tougher regulations in the country where physically spelled ground, the greater the chance for a refund in the case of certain financial complications.

The cost of commissions

With the growing popularity of bitcoin grow and the cost of its acquisition and holding him trade. In an example with a budget of 100 thousand rubles only on commission, we lost 31,000.

Speed ​​of transactions

Be prepared for a possible collapse of the course Bitcoin. If you are interested in trading course, it is better to have a merchant account in US dollars or other fiatnyh instruments than in cryptocurrency. On kriptobirzhah expense, as a rule, it is carried out in cryptocurrency. This means that the sudden collapse you will continue to lose money as long as it will translate in the domestic currency.

non-trading risks

In our example, personal data it was necessary to provide three times: WebMoney service, Betatransfer exchanger and Exchange Bittrex. The risk of information leakage is always present. Therefore, the less you leave information about themselves, the less likely that they will take advantage of anyone.

There is also a non-commercial risks should include the short-term kriptobirzh life exchangers and the services they provide. So, it turned out that Betatransfer temporarily exchanges with WMZ to bitcoin. It became clear only after contacting technical support, site information is not updated. This means that the longer and more complicated your financial chain, the greater the chance that something goes wrong, as you had planned.

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