How to Buy Bitcoin Private

in #bitcoin7 years ago (edited)

Bitcoin Private is a new version of Bitcoin $BTC that adds important privacy measures by combining it (through a process called forking) with ZClassic $ZCL (another crypto currency).

This new, improved version of Bitcoin is gaining major attention in the community after it quickly luanched into the top 25 on Coin Market Cap.

btcpdiagram.jpg

The problem is, because Bitcoin Private is so new, you can't even find it on the major exchanges yet. Even though it's already reached a One Billion dollar Market Cap...

Where can you find Bitcoin Private?

images.jpg.

If you go to the Markets Tab of it's coin market cap listing...

btcpmarkets.png

You'll find there are several smaller exchanges that offer it...

The one I like the best as far as usability and ease of use is Nanex.

Available Trading Pairs at Nanex

Nanex is an interesting exchange in that they only allow $NANO pairs.

$BTC/$NANO
$LTC/$NANO
$ETH/$NANO

You can also buy $NANO on Binance and send it to Nanex

3 Easy Steps to send money to Nanex to purchase $BTCP

  1. Sign up for Nanex Co Here: https://nanex.co/
  2. Create a $BTC, $LTC, $ETH, or $NANO wallet to receive deposit funds.
  3. Send $BTC, $LTC, $ETH, or $NANO to your Nanex Wallet Address.

If needed, exchange your currency for $NANO

You can do this buy selling it via the BTC/NANO, LTC/NANO or ETH/NANO markets on Nanex. Or send Nano to Nanex from another exchange.

Finally: Purchase $BTCP with $NANO on the NANO/BTCP pair.

And send $BTCP to your Bitcoin Private Desktop Wallet:

https://github.com/BTCPrivate/bitcoin-private-full-node-wallet/releases

It's important that you hold your funds off the exchange.

For extra security store your $BTCP on a Ledger hardware wallet

NanoSBTCP.png

Instructions for storing $BTCP on a Ledger Device: https://support.ledgerwallet.com/hc/en-us/articles/360003294734-How-to-install-and-use-Bitcoin-Private-BTCP

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