This is a guest post by System 96
If you have heard of Bytecoin and are interested, I am sure you are wondering how you can buy (instead of mine) coins to hold in your wallet. Well this guide will show you in detail how to buy Bytecoin in both the fastest and most efficient way.
Buying your Bytecoins using fiat currencies:
There’s several options on how to buy Bytecoin using fiat currency. You are able to buy Bytecoin using RUB, USD, EUR, and UAH via Cryptonator Exchange. It enables fast and easy, direct transactions and allows the instant exchange between different cryptocurrencies in one personal account.
For PLN use Beatcoin Exchange.
If you are an owner of AUD, use the CoinSpot Exchange to get your Bytecoin. CoinSpot is a multi-cryptocurrency wallet, with built-in trading features that helps you to conduct your transactions easily.
There is one more option to buy Bytecoin using fiat currency, Changelly. Changelly is a cryptocurrency exchange with the added benefit that it is extremely fast, and you can buy multiple cryptocurrencies with USD, including Bytecoin. This is a very easy process, all you need to do is enter in your card details after you specify how much Bytecoin you want to buy, enter your Bytecoin wallet address (If you don't have one you can get one by either downloading the desktop wallet and syncing it, making a web wallet at Bytecoin.money, or using the Bytecoin mobile wallet). Then after a while, the Bytecoins will be deposited into your address, all within a timespan of around 20 minutes tops!
However, the downside of exchanging USD on Changelly for Bytecoin, while quick, Changelly does take a large fee of your purchases or exchanges, compared to other methods of exchanging. So, for the most part, exchanging USD for Bytecoin is quick, but not the recommended method due to the fees they charge, but if you need Bytecoins quickly and are in a pinch, Changelly is there to serve!
Exchanging your Bitcoins for Bytecoins:
The method that will get you the largest amount of Bytecoins, is buying some Bitcoins with USD, then depositing those Bitcoins into either a Poloniex account or a HitBTCaccount, then exchanging those Bitcoins for Bytecoins. The process may take a bit longer than using Changelly, and may be a bit more complicated, but in the end you will find that this method will give you more Bytecoins in your wallet!
To start out, you need a Bitcoin wallet temporarily, which you can just use as a mobile wallet or a web wallet, as you won’t be using this Bitcoin wallet for long. Then, use a service like Paxful or Localbitcoins to buy Bitcoins at the best rate you can with your USD, however it is suggested that you do your own research and find the best rate you can buy Bitcoins for yourself.
Next, once those Bitcoins are deposited into your wallet, simply deposit them into a HitBTC or Poloniex account, and then trade them for Bytecoin, then withdraw those Bytecoins into your wallet, and now you have some fancy new Bytecoins!
Those are the two best methods, as of the writing of this article, for buying Bytecoins. If you have any questions or want to talk to the Bytecoin community you can go to the subreddit or go to the Bytecoin Chat.