How to get Bitcoins Legally at Discount?

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Digital currency has made financial transactions very smooth and easy to execute. Although there are some security issues at times but the popularity of bitcoins has increased at a very rapid pace. Buying discounts legally can be a challenge as users have to survey different sources, compare them and then pick the legal ones. Getting them at a discounted rate is a key priority for any user. It is better to use a quality discount calculator to determine the exact amount you will be saving. Here are the simple steps through which the correct discounted sum will be calculated.

  • Simply enter the original price and sale price. The sale price is lesser than the original cost and is used to determine the discount. Suppose that the original cost is $150 and sale price is $100. Enter these values in the given text boxes and click the calculate button. The tool will incorporate these values and generate the discount sum. According to these values, the discount percentage will be 33%.

Methods for legal procurement of bitcoins

In the past, people have lost their entire fortunes after trusting the wrong sources to buy bitcoins. People do not counter check the legitimacy to attain discounts. It is always a wonderful feeling to buy bitcoins at reduces prices but trusting the wrong alternatives can lead to disaster. Here are some options you should consider.

Have a legitimate bitcoin wallet

The use of a bitcoin wallet is actually the most common method used. Through it, bitcoins are sent and received in a safe manner. Some of them work easily on smartphones as well as computers. Depending on wallet vendor you have selected, examine the alternatives of cryptocurrency exchange that they offer. Each one of them has a different list.  These exchange platforms have a sign up process that you have to follow. Once this is done successfully, you can buy and sell bitcoins in exchange of normal currency. However, users have to be absolutely sure about the wallet they use.

Using a bitcoin ATM

The working process of a bitcoin ATM is quite similar to a conventional one. The difference is that you have to exchange cash in return for bitcoins. Again, make sure that you are following all safety standards and not opting for low quality applications in any way.

Accepting bitcoins for services payments

A lot of people including stock traders, financial consultants and project leads have altered their payment mode. Instead of accepting direct deposits in the account, they are getting the transfers being made to their respective bitcoin wallets. In terms of getting discounts, this is a commendable option.  When you have a larger number of bitcoins, greater price reductions can be earned through trading.

  • To accept payments safely in bitcoins without any frauds, ensure that you have a dependable bitcoin wallet option.

Register to bitcoin news portals

To get this currency at a discounted price, be aware of the news that circulates related to it. For instance, at times, a particular provider may be willing to accept cash in exchange of bitcoins at a low rate. To take full advantage of it, you need to be well aware of the news. A good method is getting yourself on bitcoin news portals. They post the recent news related to this digital currency so that timely investments are made. People who earn profits through bitcoins or get them at discounted prices are always up to date with the recent news.

Opt for trustworthy buying options

In the online world, getting counterfeited is quite expected if are not watchful about who you are interacting with. At times, the discount percentages offered have hidden terms attached to them. Hence, make sure that you are selecting a dependable alternative to purchase bitcoins. One way is trading with people you know personally. In this way, you would be sure about not ending up with frauds.

Make the right deal at the right time

Although bitcoins offer a lot more flexibility than conventional currency, there are some aspects you need to be watchful about. The rate of bitcoins is volatile and can increase or decrease by big margins in seconds. People who purchase or sell them at the wrong time end up with losses instead of discounts. Therefore, timing is very important in this case. You should know when you exchange normal currency with bitcoins. Executing things at the right will help you in getting the best discounted deals.

  • A lot of people have a very amateur approach while dealing with bitcoins. They collect them in bulk and wait for a very attractive offer to come their way. This is not a productive strategy in most cases. A lot of people face losses instead of saving money. The best way is to procure and sell at the correct time. If you work with this approach, getting good discounted deals with not be an issue.  Trading in bitcoins is a volatile act so you need to keep your eyes on the changing rates at all times.

Comparisons of rates offered by exchanges

While dealing with multiple options for one thing, performing comparisons helps a lot. To buy bitcoins at discounted rates, compare and contrast the rates of different exchanges. Make sure that you are not falling prey to unwanted sudden charges. The highest discounts can only be earned when you get the best rates.

Conclusion

Bitcoin is a very powerful digital currency these days. In a lot of areas, it has replaced the standard currency. For instance, people who sell products/services online accept payments in this form. After that, they exchange them to get currency at a higher price. There are several ways to get bitcoins at discounted rates. Every person aims at doing so. However, you should know that a lot of fraud and illegitimate activities take place when it comes to buying/selling bitcoins. Thus, before you place your hard-earned money, ensure that everything is legitimate.

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About Author

Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past. Also, pro-local, pro-global and anti-national.

Disclaimer: All content found on 7bitcoins.com is only for informational purposes and should not be considered as financial advice. Do your own research before making any investment. Use information at your own risk.

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