If you’ve scrolled through our site before you’ve seen numerous ways to buy Bitcoin, Ethereum, and a growing list of other cryptocurrencies. Unfortunately, there is no easy way yet to buy these virtual currencies for the first time. Don’t believe us? Go buy some…I dunno…Icon and see how long it takes you. Don’t worry, we’ll wait.
(2 weeks later)
Welcome back. As you now know, it takes a very long time to register accounts with Coinbase, buy Bitcoins, wait for those Bitcoins to be delivered, make a new account with an exchange, wait for that account to be verified, move the Bitcoin over to the new exchange, and place your order, then move your new coins off of the exchange to a private wallet for safekeeping.
Once you’ve done this a few times, it gets much easier. You no longer have to worry about starting new accounts, and the learning curve that made you so unsure about certain aspects of these transactions is not as steep as it once was. If you’re at this stage in your crypto journey, congratulations.
For the rest of you, we’re not going to lie. Buying cryptocurrencies is inconvenient at best. Crypto remains a largely unregulated industry. What’s more, exchanges like Bittrex and Binance are so overwhelmed with new users that they often don’t allow the hoi polloi to sign up!
Finally, there’s the chance of messing up before you’ve learned how everything works. We’re not saying this to scare you. It’s simply a reality that by messing up an address, or missing a decimal point could cost you a lot of money. For people who want to avoid this hardship but still wish to buy cryptocurrencies, there is a better way.
Contents
- 1 Buy Virtual Currency: What is it and Why Would I Use it?
- 2 How to Make an Order With Buy Virtual Currency
- 3 How Much Does Buy Virtual Currency Cost?
- 4 What Makes Buy Virtual Currency Different From a Typical Exchange?
- 5 Is Buy Virtual Currency Legit?
- 6 Can I Buy a Coin Not Listed on the Buy Virtual Currency Site?
- 7 What if I Want to Learn to Buy My Own Cryptocurrencies?
- 8 Final Thoughts on Buy Virtual Currency
Buy Virtual Currency: What is it and Why Would I Use it?
Buy Virtual Currency performs a simple function. You send them your money, and they buy the cryptocurrencies you want with it. They take a small fee, send your new cryptocurrencies to your wallet, and that’s it. Easy peasy.
Let’s unpack this a little bit. Let’s say you want to buy Icon coin because you heard that their South Korean mainnet just launched and you think the protocol has great potential. Unfortunately, you don’t have an account with Coinbase to buy the necessary Bitcoin or Ethereum to trade for Icon. Neither do you have an account with Binance.
Or maybe you’ve someone who could be described as less than tech savvy. You’ve made mistakes using web applications before. Even though you know that cryptocurrencies have incredible potential for future value, you’re worried that moving money around in these unfamiliar platforms will result in disaster.
In either case, all you have to do to buy these currencies is make an order with Buy Virtual Currency. Select the currency you wish to buy. Provide your wallet address for the currency in question. Then make a wire transfer from your bank account to Buy Virtual Currency. From here, the professional traders at BVC will do all of the heavy lifting and send your coins to the wallets. Here’s how this process works in greater detail.
How to Make an Order With Buy Virtual Currency
Before you can use Buy Virtual Currency to buy a coin like Ethereum (that’s what we’ll use for this example, though you could just as easily buy almost any other cryptocurrency), you’ll have to have a personal wallet to store your coins once BVC buys them for you.
What’s a wallet? It’s just a piece of software that supports digital currencies. It’s a place where you can store your coins safe and sound, as well as send them for payments, gifts, or any other purpose.
Every coin has its own wallet, or is supported in a “multi-wallet” like MyEtherWallet (MEW). We’ll use MEW for this example, because it supports hundreds of coins, all of which can be sent to the same address.
If you want a different coin, or one that isn’t supported by MEW, you’ll have to find it on your own. Ask the BVC team for help if you have trouble finding the right wallet. They are happy to help, even before you make your order.
Above, you’ll see what it’ll look like in your new MEW account once you’re all signed up. Find the “Address” and copy this code. This is like a post code for your house, but this is one for digital currencies instead. Once you’ve copied it, head on over to BuyVirtualCurrency.co.uk.
This is the form you’ll need to fill out to make an order. It’s pretty easy and straightforward. Fill in your email address, the wallet address we copied from MEW in the example above, then select the currency you wish to buy from the drop down menu. Finally, type in the amount of money you want to spend on this currency. Check the two boxes below and click “Buy”.
You’ll receive an email from BVC that will give you a link to complete your order. You’ll do this by finalizing the wire transfer from your bank to BVC. This is your last step. Once finalized, all you have to do is wait for BVC to finish your order and move it to your address.
How Much Does Buy Virtual Currency Cost?
All cryptocurrencies are not created equal, and thus the company has different charges depending upon which currency you want to buy. This is because the process of buying coins is MUCH different depending on which currency it is you want to buy.
If you want to buy Ethereum, that’s simple and straightforward. Pretty much everybody sells Ethereum, so all BVC traders have to do is go to one of the sellers they commonly use and get the Ethereum you want. This isn’t always the case with new currencies, or ones which simply aren’t as widely traded as Ethereum.
Still other currencies are only available through exchanges which are not available to British citizens. BVC has channels through which to buy just about any currency you can think of, but it is more time-consuming and difficult to make purchases this way, and the price you pay will reflect this.
If you’re curious about how much it would cost to buy a currency through BuyVirtualCurrency.co.uk, just go to the site and use the live chat functionality to ask. You’ll quickly know whether or not the convenience of buying coins with BVC is worth the cost. For peace of mind and ease of service, most people think it is worth it.
What Makes Buy Virtual Currency Different From a Typical Exchange?
BVC is not a real exchange. Instead, it’s a third party which will navigate the complex world of cryptocurrency exchanges to get you the coins you want, without you having to worry about the particulars. This has a number of advantages, including:
- BuyVirtualCurrency will buy any coin you want, not just what’s available in the limited selection of the various popular crypto exchanges around the web. No exchange, not even Binance or Bittrex, has every coin that’s available. Crypto traders who want diversified portfolios frequently have to go between many different exchanges just to find what they’re looking for. With BuyVirtualCurrency.co.uk, you won’t have to do any of this mind-numbing work.
- BuyVirtualCurrency.co.uk is one of the few places where you can turn Fiat currency (pounds, Euros) into digital currencies. For years now, gatekeepers like Coinbase have been the only fiat onramp for crypto traders. Because BVC is a service, not an exchange, they are more than happy to take your fiat and exchange if for the coins you want, without your having to jump through the usual hoops.
- BuyVirtualCurrency.co.uk will handle all of the deposits and transfers on your behalf. This might not seem like a big deal to those who have never traded crypto before, but it’s a place where people often have a hard time and sometimes lose a lot of money! For example, if you by accident send Bitcoin to Bittrex into the Bitcoin Cash wallet instead of the Bitcoin wallet, your Bitcoin is almost certainly gone forever. Transfers are one of the most difficult aspects of crypto trading for new users, and it’s a reason crypto funds are so often lost. BVC will do all of this for you. All you have to do is wait for the coins to appear in your personal wallet.
Is Buy Virtual Currency Legit?
There are dozens of scams in the world of cryptocurrency, so people are right to question when a new third party service inserts themselves into the cryptocurrency buying process. Fortunately, BVC is exactly what they claim to be: a place where people can buy cryptocurrency with fiat money, without having to worry about the complex exchange process.
This makes BVC a little more expensive than the cost of trading with an exchange like Binance, but this stands to reason. BVC is selling convenience and peace of mind. Centralized exchanges require a great deal from the buyer, and buyers frequently worry that something is going to go wrong or that they are going to make a mistake. No so with BVC.
Can I Buy a Coin Not Listed on the Buy Virtual Currency Site?
BuyVirtualCurrency.co.uk only has so many coins advertised on their site or listed in their buy form. Does this mean that these are the only coins you can buy through the service? Not so. The BVC team is expanding all the time and can create a custom order for you of just about any coin on the market. There are a couple of exceptions:
- Some coins don’t have wallets and can only be stored on the exchange on which they were purchased. BVC can’t buy these coins for you, because they’ll have nowhere to send them once they’re purchased. Coins like these tend to be pretty obscure, so chances are this will not relate to any coin you’re likely to want.
- BVC isn’t the place to invest in ICOs. Many ICOs have national restrictions and are basically unavailable to people in the UK, or America, or other countries. BuyVirtualCurrency isn’t a place to try to circumvent these rules. If you want one of these hot new coins, you’ll have to wait until they hit the exchanges, just like anyone else. At that point, BVC will be able to buy them for you.
What if I Want to Learn to Buy My Own Cryptocurrencies?
If you buy from Buyvirtualcurrency.co.uk and later want to start to learn how to buy cryptocurrencies on your own, you’ll be happy to know that we have tons of guides about how to do just that. It takes practice and patience, but anyone can learn how to trade crypto on conventional exchanges. Not only will this save you a little bit of money, it will also make you more self-sufficient and able to take advantage of opportunities in the exploding crypto economy.
Final Thoughts on Buy Virtual Currency
There are many ways to buy cryptocurrencies on the internet, but few of them are easy for beginners. If you just want your crypto coins now and don’t want the bother or the risk of failure, BuyVirtualCurrency.co.uk is the service for you.
All you have to do is download the coin wallet, link your bank account, send a wire transfer, and wait for your coins to appear. If any step in that process is confusing, the good folks at BVC will explain for you exactly what to do. Buying crypto with BVC may not be the very cheapest way to buy cryptocurrencies, but it’s certainly the most convenient and easiest.
Check out the site today and talk with their friendly staff. If you want them to buy a coin that they don’t advertise, just ask. Whatever you do, get in on cryptocurrency now before the market hits new heights. You definitely will want to be aboard!