BUY VIRTUAL CURRENCY REVIEW
An emergent digital assets exchange, BVC which stands for Buy Virtual Currency, is a step ahead of the game. BVC, despite its name, offers investors the facility of dissolving their holdings at spot prices if they so choose. This makes it a very viable option to keep for many investors.
BVC was conceptualised via investors who wanted to create a platform that would be able to support novice and expert investors alike. The brokers on the platform enable even the most novice of users to perform important functions like establishing a wallet and choosing the investment parameters.
So, BVC offers investment makers an amalgam of conventional brokerage services in the blockchain based cryptocurrency-driven environment. Since it is the brokers who actually do the work, this is a rather effective way of controlling and ensuring your investment’s safety. Another great thing about BVC is that they only have a minimal investment amount without any upper limit.
The team behind BVC holds experience trailing back to 2014. Since then, they have gathered an immense amount of exposure and learned intimately the issues faced by novice investors. This is what ultimately led to the creation of BVC. The sole objective was the simplification of the investment process and allowing any and all people to do so easily.
However, such convenience does come at a price but considering the advantage investors get, this is well worth the expense. So, in essence, BVC is not just an exchange, it is a learning club with a sharpening edge on investment skills of users. They are able to do so by helping novices explore and examine the methods used by experts who trade in the market.
HOW DOES IT WORK
Buy Virtual Currency is designed for performing a rather elementary function. The brokers assigned to you trade your cash for crypto coins and take some surcharge for their services. This is the end of the transactions. However, you should still consider the actual details of the process before diving in.
Let us take the example of buying an ICO coin because you think there is potential in it. However, at present, you do not have any accounts on any exchanges. This means no accounts with Coinbase, Binance or any other exchange to trade fiat money for BTC and ETH.
Alternatively, you might be a not-so-tech-savvy individual. You want to get into the crypto market but are not sure of your own ability to manage the money. You have this lingering notion in the back of your head that something will go wrong because of your mistake.
If either of the two sounds like you, then you should consider the option of BVC. There you can simply choose the crypto you want to purchase. Give out the details for your currency-specific wallet. After that, you need to transfer the money from your account to that of BVC.
Once this is done, the BVC pros will handle the rest. They will make the purchases and send them to your dedicated wallet. That’s it! Now let us look at the process microscopically.
HOW TO PLACE A PURCHASE ORDER ON BVC
In order to make this explanation simple, we are going to select a major cryptocurrency like Ethereum. Now, before you give out a purchase order, you are going to need to have a wallet where you can store your purchases.
If you do not know what a wallet is then it is simply a software that can record and store digital currencies. So, it is basically a place where you can save all your purchases and use them to transact with others.
While the majority of crypto coins have their own separate wallets, some are supported by multi-wallets such as MyEtherWallet or MEW. So, if you are just starting out in the cryptocurrency domain, it would be nice to have a MEW to handle the receipt of your purchases.
In case the coin you want is not supported by MEW, you will need to find a wallet before you can make transactions. So, if you have any difficulty getting the appropriate wallet, you should consult the team at BVC. They will most likely be able to get you the wallet you are looking for.
Once the login issues are checked out, you need to go to the “Address” and make a copy. This code will be used to store your purchases. So, after having made the copy, go to BuyVirtualCurrency.co.uk.
The image above is of the BVC homepage. You simply need to click “Get Started” to, well, get started!
Once done, you can choose the coin you want to purchase from the above selection.
Scrolling down slightly from the selection of cryptocurrencies, you will come across the above screen where it details the steps required to make your purchase.
Clicking on any three of the ordering process options and any of the cryptocurrencies, takes you to this form, where you simply fill out your personal details, including your wallet address. Then select the currency you wish to purchase from the drop-down menu before entering your desired amount.
Before the order is complete, you will be required to register your I.D, which includes a photographic I.D and a copy of a utility bill. BVC have specialised managers to assist you with this process should you need any help.
After the process is completed, you will get an email linking your order to a completion form. To do this, simply finalise the monetary transfer between BVC and your bank. This is the final thing you need to do from your end. BVC will do the rest and send the purchases to your wallet.
BVC supports the following coins –
- Ethereum Classic
- and 100 more!
HOW SAFE IS BVC?
The cryptocurrency world is full of scams and cons. So, it is only natural to wonder how safe your money and investment is when using a third-party service. To that end, BVC has proven itself to be completely reliable and legitimate. They also stay true to their original claim of providing anyone and everyone with fiat money the chance to purchase cryptocurrencies.
Thus, BVC is a tad more expensive than other exchanges such as Coinbase or Binance. However, there is a very good reason for the same. By entrusting professionals to do the hard work for users, BVC is creating a democratic market situation. Here even the most novice of investors can do well and make solid investments.
HOW IS BVC REGULATED?
A very important point to understand is that BVC is not responsible for holding your coins. Thus, your funds will not be stolen even if the exchange is hacked. They will remain secure in your wallet. Another important thing to note is that the brokers want to work with you. It is in their benefit to do so. That is why they will suggest only the best and most secure wallets to you.
WHAT ARE THE EXPENSES AND FEES ASSOCIATED WITH BVC?
BVC is designed to levy fees according to the market position of a coin. For example, buying NEM will incur a lower expense than buying ETH and vice versa. The reason for this is that the process of purchase differs from one currency to another.
Let’s say you want to purchase ETH, well that is easily done. The reason for that is that you can find a lot of people trading ETH. However, the same is not the case with other cryptocurrencies. So, depending on the popularity and availability of the coin you want to have, the fees will vary.
There are also other considerations to mind like geo-restrictions. Some cryptocurrencies may not be available to Brits. However, BVC might know of ways in which the right purchases can be made. Still, other currencies are only available through exchanges which are not available to British citizens. However, this process obviously costs more since it consumes more time and energy to produce the currencies.
In case you are after a specific cryptocurrency, then simply go over to the official website and make the query. You will normally get a very fast response and be shown estimated figures on how much transactions may cost. So, when it comes to making rapid purchases without knowing a lot about trading, BVC is an ideal option. Many people worry about the associated cost. However, knowing how to navigate the process is sure to impact them positively as well.
Every purchase will have an associated fee structure which changes as per the market. So, BVC based transactions require you to produce the right fees that are being charged by the exchange being used.
As per the BVC declaration: All clients are requested to clearly check the order fees before moving to the final payment. This will ensure that all involved parties can stay on the same page.
- BVC offers among the most competitive pricing in the cryptocurrency market.
- It also allows people to complete their purchases within the same day. Certain transactions have been known to be completed within 20 minutes.
- They take crypto-investments back at spot prices.
- The ID and other verification processes are phone based.
- Offers a wide range of purchase options including Bitcoin and most other altcoins.
- The facility is available to any person with a desire to earn money.
- They offer 24 hours service and transactions can be made at any time.
- The BVC system is highly transparent.
- They recorded an investment increase of about 35 percent in the first quarter of 2018 alone.
- BVC assigns each account its own manager. This association is furnished with contact information which is inclusive of email ids and personal mobile numbers.
- Coin purchasing involves 3 very simple steps.
- You can schedule an appointment online.
- Makes professional recommendations to novice investors.
- Brokers keep the account holder involved throughout the processing of orders.
- The website is full of information that is valuable and worthy of reading.
- There is no maximum limit to purchases.
- Fiat money based purchases.
- Reviews coins and assess investment viability.
- ICO purchases possible.
- There is a minimum investment requirement which needs to be met. At 5000 GBP, it might be too high for low-range investors.
- It’s not meant for professionals who day trade themselves. It’s only good for novices.
- The fee is subject to momentary change and thus there are concerns over transparency.
- BVC already has stiff competition from various other operators such as Bitpanda and Robinhood.
- Bank transfer payments are the only mode of making a purchase order.
- Despite the obviously dedicate customer support, there might be lapses and lacks.
While the internet clearly offers multiple ways to purchase cryptocurrencies, none of them are novice-friendly. This means that only those people who already understand how to trade will be able to do so effectively. However, the casual investor will not know what to make of the exchanges.
By giving power to the investors to engage with the market, BVC is fostering a change in the market as a whole. No longer will it be the exclusive domain of the computer savvy. Rather anyone even with a marginal understanding of how digital assets work will be able to use it.
The only thing that needs to be done at your end is a simple 3 to 4 step procedure. So, download the wallet, link the bank account, wire the money, and wait for your investment to be recorded in your wallet. Considering the costs associated with uncertain trades, it is much wiser to opt for BVC. This is so because, despite the incurred extra expense, it is capable of handling all kinds of purchase demands. For the sake of ease and convenience, BVC is the best exchange out there.
If you want to take advantage of this opportunity then consider visiting the official website and registering. Once you have installed the software including the required wallet, you can make trades at will by the process we discussed above. Also, if you choose to liquidate your assets, then the exchange will buy them at a spot price. So this is a literal no-loss situation. On one hand, you have expert guidance and on the other, you have a very helpful investment conserving framework. Join the BVC network today to see what it can do for you.