Features of Buying Cryptocurrency in Ukraine.

The legalization of cryptocurrency in Ukraine took place in mid-February 2022. Besides recognizing the legal status and implementing financial monitoring systems, new opportunities have opened up for ordinary citizens. For example, the innovation simplifies the work of cryptocurrency exchanges and grants asset owners legal rights and state protection. 

What is a cryptocurrency exchange? How safe is the exchange of virtual assets? How to buy cryptocurrency without risks? Using the example of , we will answer popular questions from beginners about the features of buying online assets in Ukraine and abroad.

How to Buy Cryptocurrency?

First of all, a crypto wallet with a unique identifier is created. The user registers and receives a Wallet ID for future payments. It is important not to forget the authorization data required to access the wallet. Also, this information should not be provided to third parties to prevent fraud.

The next step — purchasing the currency. The user needs to go to the main page, select the amount, and enter the necessary data. Usually, the previously created Wallet ID, email or phone number, and card details are indicated (the procedure is similar to online shopping). After completing the transaction, the funds will be credited to the wallet. Exchanging cryptocurrency for a hryvnia account follows a similar scheme.

On the portal changeit.com.ua, the commission is 4% of the transaction amount. About 50% of the received funds are transferred to the Armed Forces of Ukraine.

Security and Guarantees

Verified resources have mechanisms for detecting phishing operations, limiting suspicious transactions. Users' credentials are also protected. Transactions go through an anonymous chain of operations and are credited without the possibility of identifying all stages and the final recipient from the external network.

If difficulties arise during currency conversion — it is advisable to check the payment status with technical support specialists. Also, for personal safety, one should never share the account password and crypto wallet identifier with anyone.

Invite Friends and Earn

Most cryptocurrency purchasing resources have referral programs. Simply put, they pay for invited users.

For example, 1% of all transactions made by referrals. The more users are invited — the higher the profit can be.

Funds are credited as bonuses to a personal account and can be withdrawn either as an independent transaction to a card or during the next cryptocurrency conversion.