How to Buy BitcoinPoS (BPS) in 2021: A Simple Guide

BitcoinPoS (BPS)In this guide you’ll get information about where to buy BitcoinPos, if you are planning to buy BPS – You’re in the right place!

BitcoinPos is a platform that uses Bitcoin’s concept, but making it better, faster, cheaper, and more efficient. Bitcoin is a digital money – a currency that has been used all over the world. Despite the fact that Bitcoin has revolutionized the way money is used through decentralized system, its popularity has resulted in many downsides. The most common issues would include the slow processing time, the high rates for every transaction, and many more. BitcoinPos is created to solve those issues.

The platform still uses the same concept as Bitcoin but improving its functions and performance. Users are able to enjoy the services and features. They should be able to make transactions or pay for anything through the platform. In short, BitcoinPos is a platform enabling digital money and online payment system with peer-to-peer mechanism, which means that you don’t need any intermediary involvement.

BitcoinPos (BPS) Features

  • Real life payments. BitcoinPos can integrate to other platforms, including retailers and commercial purposes. Users can use BPS to pay for any purchase or transactions, while business owners can include BPS as their payment alternative.
  • Stable. Users have the complete and full control over their money. With the elimination of the intermediaries, they are able to do whatever they wish freely.
  • Fast payment. The absence of intermediary has made it possible to manage a direct and peer-to-peer transaction between the involved parties.
  • Inexpensive fees. Due to the direct interaction and the elimination of congestion, users can do whatever they want without being burdened by the high fees.
  • Rewards. Those are actively taking part in the Proof of Stake system will get the so-called Staking reward.
  • Proof of Stake. This blockchain enables anyone (having the minimum required balance) to validate transactions. It means, the more specific cryptocurrency (within that platform) you have, the bigger your chances are to do the validation.

Where to Buy, Sell and Trade BitcoinPos aka BPS

You can basically use debit card, credit card, or even PayPal to buy the BitcoinPos (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the BitcoinPos as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to BitcoinPos. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports BitcoinPos currency and exchange your Ethereum or Bitcoin with the BitcoinPos
  3. Store your BitcoinPos to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying BitcoinPos, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with BitcoinPos:

BINANCE
binanceBinance is probably the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 160+ more
  • Trading Pairs: 603+
CHANGELLY
changellyThis cryptocurrency exchange is located in the Czech Republic. They are the same team responsible for MinerGate, one of the most reputed groups of people in the market. The exchange is popular for allowing US-based investors and for offering to cover the network fees of any user.

  • Deposit Methods: Cryptocurrency, Credit card, Debit card, Wire transfer, bank Transfers
  • Fiat Currencies: USD, EUR, GBP
  • Supported Cryptocurrencies: BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE & 100+ more
  • Trading Pairs: N/A
GATE.io
gate.ioGate.io is a popular exchange service in his native base of operation in Hong Kong. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 117+ more
  • Trading Pairs: 403+

IMPORTANT! Once you are registered to any of the above, find the BTC/BPS or ETH/BPS trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your BitcoinPos (BPS) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy BitcoinPos (BPS) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the BitcoinPos. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy BitcoinPos (BPS) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy BitcoinPos (BPS) with Skrill?

You can’t buy BPS directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to BitcoinPos. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy BitcoinPos (BPS) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/BPS and begin the transactions.

Can I Buy BitcoinPos (BPS) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/BPS trading pair.

What Is the Best Payment Method to Buy BitcoinPos (BPS)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the BitcoinPos right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect BitcoinPos (BPS)?

Once you have purchased the BitcoinPos, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell BitcoinPos (BPS)?

Find a crypto exchange which allow pairing BPS with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine BitcoinPos (BPS) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a BitcoinPos is to buy it from a reliable exchange.

Conclusion

If you are familiar with Bitcoin, then you won’t be a stranger to BitcoinPos. The platform has adopted the same concept, but improving it to the maximum use. It means that you are able to enjoy faster processing time, lower rate, and more efficient operation without going through drama. Moreover, you should be able to reveal the financial profits with the BPS token. Aside from making payments, you can also use it for mining within BitcoinPos environment.

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