There are two main ways to do it.
With a credit card or through P2P (peer-to-peer) platforms!
Let's go and check details 🤗
1.Credit Card
Choose an Exchange - First, find an international exchange like Binance or Bybit that accepts credit card payments.
Sign Up & Verify - Create an account and go through the KYC (Know Your Customer) process. This means uploading some ID and verifying your identity.
Link Your Card - Add your credit card to the platform. Make sure your card allows international and crypto transactions.
Buy Your Crypto - Pick the cryptocurrency you want, enter the amount, and boom! You’ve got crypto.
Pros: It's fast and convenient, especially if you're used to online shopping.
Cons: There are fees! Credit card fees, exchange fees, and maybe even cash advance fees from your bank.
2. P2P Platforms
Pick a P2P Platform - Use platforms like Binance P2P to connect directly with other people who want to sell crypto.
Create & Verify Account - Just like with exchanges, you’ll need to sign up and verify your identity.
Find an Offer - Look for someone selling the crypto you want at a good price. You can even negotiate!
Make the Payment - Pay the seller using bank transfer, digital wallets, or other methods you agree on.
Get Your Crypto - Once the payment is confirmed, the crypto is released to you. It’s that simple!
Pros: You can choose from many payment options and might find lower fees.
Cons: It can take longer, and there's a risk of dealing with untrustworthy people. But don't worry, P2P platforms often use escrow services to keep your transaction safe.
Noted: The rules around crypto in Myanmar can be tricky. The Central Bank has issued warnings about using cryptocurrencies, so always stay updated and be cautious!
If you found this helpful, share it with your friends! Thank you! 🥰
https://www.binance.com/en/support/faq/how-to-buy-cryptocurrency-on-binance-p2p-website-360043832851
