Crypto Basics Cryptocurrency

Simple and Effective Guide to Buy Bitcoin in the USA

March 11, 2019

author:

Simple and Effective Guide to Buy Bitcoin in the USA

As of December 2018, approximately 5% of Americans hold Bitcoin. However, despite Bitcoin’s increasing popularity, the number of users is still rather small compared to other payment systems. This is the case for several reasons.

Firstly, many believe that cryptocurrency exchange poses big security risks. Not only does it require a lengthy identity verification process, but sending your personal details to strangers, including bank account credentials, often appears dangerous.  

Additionally, using Bitcoin for everyday purposes seems too complicated to most American users. In fact, 27% of people surveyed by Finder.com found the entire concept too complicated.

Luckily, there is a platform for cryptocurrency exchange that will not only help you manipulate your Bitcoins easily, but allow you to skip any hassle.

Introducing CoinCola for US Users

CoinCola is a cryptocurrency exchange marketplace that consists of two core services for American users: over-the-counter and crypto exchange. The former allows buyers and sellers to exchange all types of cryptocurrency through peer-to-peer interactions.

Purchasing or exchanging Bitcoin with CoinCola is also fast and simple. Whether you are new to the world of crypto or not, the platform has a range of resources, including a mobile app, that allow you to easily stay up-to-date with the market’s trends. With 100,000 transactions carried out in the marketplace every month, CoinCola has enough experience to handle your account securely, too.

In addition to being easy to use, CoinCola is customer-oriented. The OTC platform is free to use unless you conduct a trade by placing an ad. Even in those cases, the fee is as little as 0.5% – the lowest price available on the market. If you are an active user and want to refer other traders, you get additional benefits.

How to Buy and Sell Bitcoin in USA

Unlike many other crypto exchange marketplaces, CoinCola allows you to buy and sell Bitcoin using a variety of payment methods, including credit cards and even Paypal. Rather than dealing with an automated system, you will be dealing with people and setting your own transaction parameters, including the price.

Below you will find a step-by-step description of how to buy and sell Bitcoin in the USA.

Step 1: Register and Verify Account

  1. Visit https://www.coincola.com or https://www.coincola.app.
  2. “Sign up” to create an account and verify your phone number.

3. Log into CoinCola.

4. Click on the “user center” website section, or, for app users, the “settings” tab in your “me” screen.

5. Click “authentication” or “real name verified” depending on the version you’re using.

6. Upload photographs and key in your data to confirm your identity.

7. You should get the confirmation shortly.

Step 2: Buying and Selling Bitcoin in the USA

  1. Go to the “OTC” section of CoinCola.
  2. Choose a seller and click  “buy BTC”.

3. Choose how much you’d like to buy or sell in Bitcoins.

4. Open the trade, talk to the seller, and complete payment once you have an agreement.

5. Click “mark as paid”; your coins will get released shortly.

Is it Safe to Buy Bitcoin on CoinCola?

Despite the security concern raised by many American users, CoinCola uses military-grade bank-level encryption in order to keep your account data secure. This, along with personal information requirements kept to a minimum, ensures that all the transactions are safe and will not get into the hands of strangers or cybercriminals.

In order to increase your security while using CoinCola, you may want to use a quality VPN service. This will mask your real IP address and make your online data harder to track or trace back to your identity.  

Final Words

You are now ready to start buying and selling Bitcoin using CoinCola in the US. If you have any recommendations or questions about using the platform, leave us comments down below.