It is no secret to anyone that the Bolivar has greatly lost its value in recent years, and that problems such as inflation, constant devaluation and the high cost of living have affected the Venezuelan economy.
Faced with this, cryptocurrencies have become the favorite alternative of millions of Venezuelans, who are looking for protect your income, with the expectation that its value will increase over time.
If you're reading this article, it's probably because you're looking at the strongest alternative cryptocurrencies for save, protect your money or invest.
Currently, there are several ways to acquire cryptoassets. The most popular option is to go to exchanges, which work like a digital exchange, which allows you to buy and sell cryptocurrency, based on the price set by supply and demand.
On most platforms, you need access to digital dollars or other types of currencies to buy cryptocurrency, meaning you can't use bolivars directly as a payment method, making it difficult for many users to start their journey in the crypto world.
As if that weren't enough, there are platforms that have restrictions for users who are in Venezuela.
Luckily it exists El Dorado, a P2P platform created by Venezuelans, which allows Any user in Venezuela buy Bitcoins, altcoins and different cryptocurrencies using bolivars and other local payment methods.
How to buy cryptocurrency in Venezuela from El Dorado?
- Create your account in El Dorado
The first step to buying cryptocurrency on our platform is to register, the process is quite simple and can be completed in a matter of minutes.
You just have to enter the Official website or download the mobile app directly from the Play Store or App Store.
Then, you must create your username, password and complete the form with your data.
Once the process is finished, you can create a wallet, where you can store the cryptocurrencies you buy later.
Important! You should keep in mind that To buy cryptocurrency through El Dorado's P2P, it is necessary to carry out the verification process, known as KYC.
- Verify your account
This is an essential step to buy cryptocurrency on our platform, as only verified users have access to P2P market.
The process is easy, fast, secure and ensures a higher level of security for users.
To do this you just have to log in to your profile, and select the option Verification (KYC).
Once there, the platform will ask you for a photo of the front and back of your identity document. The photo must be of the original document and you must ensure that all the data is clearly visible in the image.
The next step is to record a video of your face, this will serve to verify that you are the person who appears on the identity document.
The process of validating your account is usually quite fast. In fact, most users only have to wait five minutes after completing the KYC.
- Buy cryptocurrency or Bitcoin on P2P
After having your account verified, you can now buying cryptocurrency or Bitcoin in Venezuela using payment methods such as Zinli, Mobile Payment, Bank Transfers in Bs, Zelle and many more.
But,How you can buy cryptocurrency or Bitcoin in Venezuela through P2P?
Well, the process is pretty simple. The first step is to enter the “Change” tab there you will find all the ads with available offers for buying and selling different cryptoassets, including Bitcoin and Stablecoins such as Celo dollars, Celo euros and Tether (USDT).
In each advertisement, you will see data such as: the seller's user, their reputation, the payment method for the transaction and the amount of cryptocurrency they are selling.
If any advertisement seems like a good offer and you want to buy that user's cryptocurrencies, you just need to click on “Change”, then you can choose to buy all of the cryptocurrencies offered or just a part of them.
Through our chat you can communicate with the seller and exchange the bank details you need to carry out the transaction, in this case, you are the one who must make the payment in bolivars using the selected payment method.
Once the corresponding payment has been made, you only have to notify it on the platform, in this way the counterparty can proceed to release the cryptos.
And ready! That's how easy it is to have the cryptocurrencies available in your El Dorado wallet.
But... What if none of the available offers fit what you're looking for?
For these cases, you have the option of creating your own ad and deciding different parameters such as the payment method of your choice, the price you want to pay for each cryptocurrency and the amount you want to buy.
If you want to speed up the buying process, you can join our Telegram community and share your ad.
After publishing your ad, you should be careful to make the payment as soon as another user accepts the exchange.
Congratulations!
You already know how to buy cryptocurrency in Venezuela, so are you ready to start protecting your income, saving and even making money using the cryptocurrencies available in El Dorado.
Follow the steps and discover for yourself the benefits of El Dorado!
