How and Where to Buy Bytecoin (BCN) — An Easy Step by Step Guide

https://cryptobuyingtips.com/guides/how-to-buy-bytecoin-bcn-bcn

About BCN

Created in 2012, Bytecoin (BCN) describes itself as a private, decentralized cryptocurrency with an open source code. The main goal of the project is to facilitate fast, anonymous, and untraceable transactions. Bytecoin claims to be the first project to implement CryptoNote technology. Its security reportedly comes from using ring signatures to protect a sender’s identity and unlinkable addresses to prevent blockchain analysis. Bytecoin claims to have a block time of 2 minutes and adaptive parameters that are designed to make it easy to mine. Recent additions to Bytecoin technology include Auditable Wallets, which reportedly enables secure, publicly observable deposits, and Blockchain Gateways, a means of connecting Bytecoin’s blockchain with other blockchains.

Step 1: Register on Coinbase

BCN
BCN

Step 2: Buy coins with fiat money

BCN
BCN
BCN
BCN

Step 3: Transfer your cryptos to an Altcoin Exchange

BCN
BCN
BCN
BCN

Step 4: Deposit BTC to exchange

BCN
BCN
BCN
BCN
BCN
BCN
BCN
BCN

Step 5: Trade BCN

BCN
BCN
BCN
BCN

Other Exchanges To Buy

You can also buy from these exchanges:

Binance

BCN
BCN

HotBit

BCN
BCN

Last Step: Store BCN securely in hardware wallets

Ledger Nano S
Ledger Nano S

Ledger Nano S

  • Easy to set up and friendly interface
  • Can be used on desktops and laptops
  • Lightweight and Portable
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price
Ledger Nano X
Ledger Nano X

Ledger Nano X

  • More powerful secure element chip (ST33) than Ledger Nano S
  • Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
  • Lightweight and Portable with built-in rechargeable battery
  • Larger screen
  • More storage space than Ledger Nano S
  • Support most blockchains and wide range of (ERC-20) tokens
  • Multiple languages available
  • Built by a well-established company found in 2014 with great chip security
  • Affordable price

Other useful tools for trading BCN

Encrypted Secure Connection

NordVPN

Surfshark

CryptoTrader.Tax

Crypto Ultimatum

BitMEX

Frequently Asked Questions

Can I buy BCN with cash?

There is no direct way to buy BCN with cash. However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Are there any quick ways to buy BCN in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

Are there any alternative platforms to buy BCN or Bitcoin with credit cards?

Yes. Changelly is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.

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