Buy Bitcoin Private: A Comprehensive Guide on How to Buy BTCP – Best Exchanges & Brokers

Bitcoin Private (BTCP), a unique fork of Bitcoin, combines the security of Bitcoin with the privacy of ZClassic. Since its launch, BTCP has attracted investors seeking enhanced anonymity and decentralization. We’ll guide you through quick, easy, and secure methods to buy and store Bitcoin Private. To keep it simple, we believe that Coinbase is the best platform to buy Bitcoin Private. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Bitcoin Private.

Buy Bitcoin Private on Coinbase

Coinbase is a regulated crypto exchange with licenses across multiple jurisdictions. This ensures that Coinbase meets strict security standards and is supervised by financial authorities. Even institutional investors trust Coinbase with the custody of their assets, underscoring the high level of security the platform provides.

While you can use external wallets for added security, Coinbase offers a highly secure environment for storing your Bitcoin Private. Unlike some exchanges that impose withdrawal delays, Coinbase processes transactions swiftly, giving you quick access to your funds.

Cost-effectiveness is another advantage. Coinbase’s fees are competitive, with trading fees as low as 0.15%, which is significantly lower than the industry average. In comparison, other exchanges charge much higher fees for similar transactions.

Coinbase prioritizes user security with features like two-factor authentication (2FA), adding an extra layer of protection to your account. The platform also offers dedicated customer support, typically responding within 24 hours. (We can personally vouch for the efficiency of their support team.)

Designed for ease of use, Coinbase’s interface is intuitive, making it ideal for both beginners and experienced traders. With dedicated apps for Android and iOS, you can manage your Bitcoin Private holdings and execute trades conveniently from anywhere.

Coinbase is one of the most popular and user-friendly platforms for buying Bitcoin Private (BTCP). Here’s how you can buy BTCP easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before purchasing Bitcoin Private, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” Enter your name, email, and a password, then click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires identity verification to comply with regulations. Upload a government-issued ID and provide your address and date of birth. This process typically takes a few minutes.

Step 3: Add a Payment Method

To buy Bitcoin Private, you need to link a payment method. Coinbase supports several options, including:

• Bank Account: Lower fees and higher transaction limits.
• Credit or Debit Card: Faster purchases, but slightly higher fees.
• PayPal: Available for deposits and withdrawals in select regions.

Step 4: Buy Bitcoin Private

Once your account is set up and your payment method is linked, you’re ready to buy Bitcoin Private!

1. On the Coinbase dashboard, go to the “Buy/Sell” section.
2. Select Bitcoin Private (BTCP) from the list of available cryptocurrencies.
3. Enter the amount you wish to purchase, either in your local currency (USD, EUR, etc.) or BTCP.
4. Choose your payment method (bank account, credit card, etc.).
5. Review transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your Bitcoin Private Securely

After purchasing BTCP, it will be stored in your Coinbase wallet. For maximum security, transfer your Bitcoin Private to an external wallet such as Ledger or Trezor.

Benefits of Buying Bitcoin Private on Coinbase:

• User-Friendly Interface: Coinbase is designed for ease of use, making it ideal for beginners.
• High Security: The platform uses advanced security measures like two-factor authentication (2FA) and insured custody for funds held in the Coinbase Vault.
• Multiple Payment Methods: Coinbase supports various payment options, including bank transfers, credit cards, and PayPal.

Buy Bitcoin Private on Binance

Binance is one of the world’s largest and most widely used cryptocurrency exchanges, known for its high security, extensive trading features, and user-friendly interface. Until recently, it was not possible to directly purchase Bitcoin Private (BTCP) using fiat currencies like Euro (EUR) or US Dollars (USD) on Binance. However, with new developments, you can now buy BTCP through crypto trading pairs or third-party payment providers. In this guide, we’ll walk you through the easiest ways to buy and trade Bitcoin Private (BTCP) on Binance.

Step 1: Register on Binance

To start buying Bitcoin Private (BTCP), you first need to create an account on Binance. Binance allows you to trade without full identity verification, but completing the Know Your Customer (KYC) process will increase your daily withdrawal limit to 100 BTC. Without verification, your limit will be 2 BTC per day, but you can still access all trading features.

Step 2: Buy Bitcoin Private (BTCP) with a Credit Card

Since Binance does not currently support direct BTCP purchases with fiat, you must first buy Bitcoin (BTC), Binance Coin (BNB), or Tether (USDT) using a credit card. You can then exchange it for BTCP. Follow these steps:

1. Navigate to the Credit Card Section: On the top menu, click “Buy Crypto” and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Bitcoin (BTC) or Tether (USDT) as your cryptocurrency and select your payment currency (EUR, USD, etc.).
3. Enter Your Personal Information: Fill in the required fields, including your name and billing details.
4. Verify Email and Phone Number: A verification code will be sent to your email and phone number.
5. Proceed to Payment: After verification, enter your credit card details and confirm the purchase.
6. Complete Identity Verification: Upload a copy of your government-issued ID (passport or driver’s license) if required.

Important Notes Before and After Your Purchase

• Price Fluctuations: The price of Bitcoin (BTC) or USDT may vary slightly before your transaction is finalized. If the price changes by more than ±2.5%, Binance may ask for confirmation before proceeding.
• Transaction Fees: Binance’s credit card payment provider charges a fee of approximately 3.5% per transaction or a minimum of USD 10, whichever is higher.
• Purchase Limits: The minimum purchase amount is USD 50, while the maximum daily limit is USD 20,000 per user and USD 50,000 per month.
• Checking Transaction Status: Once the payment is processed, you can check the transaction status in the Binance dashboard.

Step 3: Trade Bitcoin (BTC) or USDT for Bitcoin Private (BTCP)

Once you have purchased Bitcoin (BTC) or Tether (USDT), you can now trade it for Bitcoin Private (BTCP) on Binance using the following steps:

1. Deposit BTC or USDT into Your Binance Wallet: If you purchased BTC or USDT with a credit card, it will automatically appear in your Binance wallet. If you already own BTC or USDT on another exchange or wallet, you can deposit it by going to the “Wallet” section and selecting “Deposit.”
2. Go to the Trading Section: Navigate to the Binance Spot Market and search for the BTCP/BTC or BTCP/USDT trading pair.
3. Place a Trade Order: Choose between a Market Order (to buy instantly at the current price) or a Limit Order (to set your desired price and wait for execution).
4. Confirm the Trade: Once your order is processed, your Bitcoin Private (BTCP) will be credited to your Binance account.

Step 4: Securely Store Your Bitcoin Private (BTCP)

After buying BTCP, you have two options for storage:

• Store on Binance: If you plan to trade BTCP frequently, you can keep it in your Binance wallet. However, keeping your funds on an exchange is not recommended for long-term storage due to potential security risks.
• Use a Secure Wallet: For enhanced security, transfer your BTCP to a private wallet like Ledger, Trezor, or the official BTCP wallet. Storing your BTCP in a personal wallet gives you full control over your funds and reduces risks associated with exchange hacks.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading for advanced users who want to trade with leverage. This allows for larger positions but comes with increased risk.
• Security Measures: Activate Two-Factor Authentication (2FA) and set up anti-phishing codes to protect your Binance account.
• Stay Updated: Follow Binance’s market updates and announcements to stay informed about new trading pairs and liquidity improvements for BTCP.

Buy Bitcoin Private on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken is one of the most secure and reputable cryptocurrency exchanges globally, known for its robust security measures and compliance with financial regulations. It adheres to strict security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors for cryptocurrency custody, which highlights the platform’s high level of security and reliability.

Kraken provides the flexibility to use external wallets, but it also offers a highly secure environment for storing Bitcoin Private (BTCP). Unlike some platforms that impose withdrawal delays, Kraken processes withdrawals swiftly, allowing quick access to your funds.

Kraken’s fee structure is highly competitive. The trading fees are tiered, with maker fees starting at 0.16% and taker fees at 0.26%, making it a cost-effective platform compared to many competitors.

Security is a top priority at Kraken, featuring two-factor authentication (2FA) and advanced encryption to safeguard your account. Additionally, the platform offers responsive customer support, ensuring you get assistance whenever needed.

Kraken’s interface is user-friendly, catering to both beginners and experienced traders. With mobile apps for Android and iOS, you can conveniently manage your Bitcoin Private (BTCP) portfolio and execute trades on the go.

Kraken is one of the most trusted and secure platforms to buy Bitcoin Private (BTCP). Here’s how you can securely and efficiently purchase BTCP on Kraken.

Step 1: Sign Up for Kraken

To buy Bitcoin Private (BTCP), you must first create an account on Kraken. Visit Kraken.com and click “Create Account.” Enter your name, email, and a secure password, then click “Create Account” to proceed.

Step 2: Verify Your Identity

Kraken requires identity verification to comply with regulations. You will need to upload a government-issued ID and provide details like your address and date of birth. This process is essential for security and typically takes just a few minutes to complete.

Step 3: Add a Payment Method

To buy Bitcoin Private (BTCP), you need to link a payment method. Kraken supports multiple options, including:

• Bank Account: Offers lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for quick purchases, though fees may be slightly higher than bank transfers.
  
• Wire Transfers: A great option for large purchases, available in multiple countries.

Step 4: Buy Bitcoin Private (BTCP)

Since Bitcoin Private (BTCP) is not directly purchasable with fiat on Kraken, you need to first buy Bitcoin (BTC) or Tether (USDT) and then trade it for BTCP. Here’s how:

• On the Kraken dashboard, go to the “Buy Crypto” section.
  
• Select Bitcoin (BTC) or Tether (USDT) as your cryptocurrency.
• Enter the amount you want to purchase, either in your local currency (e.g., USD, EUR) or in BTC/USDT.
• Choose your payment method (e.g., bank account, credit card, or wire transfer).
• Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.
  

Step 5: Trade BTC or USDT for Bitcoin Private (BTCP)

After purchasing Bitcoin (BTC) or Tether (USDT), you can trade it for Bitcoin Private (BTCP) using the following steps:

1. Go to the “Trade” section: Navigate to Kraken’s Spot Market and search for the BTCP/BTC or BTCP/USDT trading pair.
2. Select the Order Type: Choose between a Market Order (instant purchase at the current price) or a Limit Order (set your own price and wait for execution).
3. Confirm the Trade: Once the order is processed, your Bitcoin Private (BTCP) will be credited to your Kraken wallet.

Step 6: Store Your Bitcoin Private (BTCP) Securely

Once you’ve purchased BTCP, you need to store it securely. There are two main options:

• Keep it on Kraken: If you plan to trade BTCP frequently, you can store it in your Kraken account. However, it is not recommended to keep large amounts on exchanges due to potential security risks.
• Transfer to a Private Wallet: For long-term security, it’s best to move your BTCP to a hardware wallet like Ledger, Trezor, or the official BTCP wallet. Storing your coins in a private wallet ensures full control and protection from exchange-related risks.

Benefits of Buying Bitcoin Private (BTCP) on Kraken:

• User-Friendly Interface: Kraken’s intuitive platform makes it easy for both beginners and advanced traders.
• Top-Tier Security: Kraken employs two-factor authentication (2FA), cold storage for funds, and insurance coverage for assets held in its custody.
• Low Trading Fees: With maker fees as low as 0.16% and taker fees at 0.26%, Kraken offers competitive rates for crypto trading.
• Multiple Payment Methods: Kraken supports bank transfers, credit cards, and wire transfers to provide maximum flexibility.

Buy Bitcoin Private on Kriptomat

About Kriptomat

In contrast to the established broker eToro, Kriptomat is a relatively young cryptocurrency exchange, but it is no less trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly with Euro, USD, and other fiat currencies and send them to an external wallet. However, it is important to note that Kriptomat currently operates exclusively in Europe, meaning investors from countries like the USA cannot use the platform.

The platform focuses on providing an easy-to-use and modern interface that makes it simple for anyone to buy and trade cryptocurrencies. This makes Kriptomat a top recommendation, especially for beginners. Regarding security and legitimacy, Kriptomat holds two licenses issued by the Estonian government.

One of Kriptomat’s biggest advantages is its transparent fee structure. Unlike other exchanges and brokers, Kriptomat does not impose a hidden price premium. Your purchase price corresponds to the spot price of Bitcoin Private (BTCP), with only a nominal transaction fee applied. All fees are displayed transparently before confirming the purchase.

Set up a Bitcoin Private (BTCP) account on Kriptomat

Kriptomat strictly follows European Union regulations, requiring full identity verification for compliance. To buy Bitcoin Private (BTCP) on Kriptomat, you first need to create an account. Visit the official website kriptomat.io and click on the orange “Register” button. A pop-up window will appear where you need to enter your first and last name, email address, and a password for the exchange.

Kriptomat will send a confirmation email with a verification link. Click the link to verify your account. Once verified, you can log in to Kriptomat using the credentials you just created. However, registration is not yet complete.

Before buying Bitcoin Private (BTCP) or using other platform features, you must verify your phone number. Kriptomat will send an SMS with a verification code, which you need to enter on the website. After verifying your phone number, you must complete full identity verification due to strict EU regulations.

A pop-up will appear asking you to enter your address details, including street name, house number, city, and country. You must also upload a scanned copy or photo of your passport or government-issued ID. Kriptomat provides a seamless mobile-friendly process for this step. If you prefer, you can continue the verification on your smartphone by receiving an SMS with a link to upload your documents.

Using your smartphone camera, take a photo of your ID (front and back) and upload it directly. The final step in verification requires taking a selfie. Kriptomat will request camera access, allowing you to take and submit the selfie instantly.

If you plan to buy Bitcoin Private (BTCP) via SEPA bank transfer, you must add a bank account to your Kriptomat profile. This allows you to deposit funds and use them for cryptocurrency purchases. However, if you use Neteller, Skrill, or a credit card, this step is unnecessary. Once the verification process is complete, Kriptomat provides full access to its platform with no tiered verification levels.

Buy Bitcoin Private (BTCP) on Kriptomat

Buying Bitcoin Private (BTCP) on Kriptomat is a simple and intuitive process. Navigate to the “Buy/Sell” tab (step 1) and select “Buy” (step 2). In the section below, choose Bitcoin Private (BTCP) as your preferred cryptocurrency.

Kriptomat offers four payment methods (step 3). If you opt for a bank transfer, you must first add a bank account to your Kriptomat profile. The remaining three options—credit card, Neteller, and Skrill—allow for instant purchases without additional setup.

In step four (see screenshot), enter the amount you wish to spend on Bitcoin Private (BTCP). After clicking “Buy Bitcoin Private,” you will see the applicable transaction fees. To finalize your purchase, click “Confirm transaction.”

After confirming your purchase, Kriptomat will process the transaction and redirect you to the “My Wallet” section. Within seconds, your Bitcoin Private (BTCP) balance will appear. A video tutorial is also available for additional guidance on purchasing BTCP on Kriptomat.

Buy Bitcoin Private at Anycoin

Anycoin is a well-known cryptocurrency exchange platform that provides a simple and secure way to buy and sell Bitcoin Private (BTCP) and other digital assets. It is designed for both beginners and experienced traders, offering an intuitive interface and various features to make crypto trading accessible and efficient.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin offers a clean and straightforward platform, making it easy for new users to start trading and for advanced traders to utilize more features.
2. Wide Selection of Cryptocurrencies: Anycoin supports multiple cryptocurrencies, including Bitcoin Private (BTCP), Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), allowing users to diversify their portfolio.
3. High Security Standards: Anycoin prioritizes security with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions from unauthorized access.
4. Low Fees: Anycoin provides competitive fees for trading, deposits, and withdrawals, ensuring cost-effective crypto transactions.
5. Multiple Payment Methods: Users can buy Bitcoin Private (BTCP) using various payment options, including bank transfers, credit cards, and sometimes PayPal, depending on the region.
6. Fast Transactions: Anycoin processes transactions quickly, reducing waiting times for users who want instant access to their cryptocurrency.
7. Support for Wallets: While Anycoin offers an integrated wallet for storing BTCP and other assets, it is recommended to transfer funds to a private wallet for added security.
8. Dedicated Customer Support: Anycoin provides responsive customer support to assist users with any questions or issues related to buying and trading Bitcoin Private.
9. Mobile Apps: Anycoin offers mobile apps for Android and iOS, allowing users to manage their crypto portfolio and execute trades conveniently.

How to Buy Bitcoin Private (BTCP) on Anycoin:

Follow these steps to purchase Bitcoin Private (BTCP) on Anycoin:

1. Create an Account: Visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a secure password. You will receive a verification email to confirm your account.
2. Verify Your Identity: To comply with regulations, Anycoin requires identity verification. You will need to submit a government-issued ID and provide additional personal details.
3. Link a Payment Method: To buy Bitcoin Private, connect a payment method to your account. Anycoin supports bank transfers, credit cards, and PayPal, depending on your location.
   
4. Make Your Purchase: Once your account is verified and your payment method is linked, navigate to the “Buy” section, select Bitcoin Private (BTCP), and enter the amount you want to purchase. Review the transaction details and fees before completing your purchase.
   
5. Store Your Bitcoin Private Securely: After buying BTCP, it will be available in your Anycoin wallet. However, for enhanced security, it is highly recommended to transfer your funds to a private wallet, such as a hardware wallet.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s user-friendly platform makes buying and trading Bitcoin Private accessible for everyone.
• Secure Platform: Advanced security measures, including 2FA and SSL encryption, help protect user funds and data.
• Variety of Cryptocurrencies: Anycoin supports multiple digital assets, including Bitcoin Private (BTCP), allowing users to diversify their holdings.
• Competitive Fees: The platform offers low transaction fees, making it a cost-effective option for crypto investors.
• Fast Transactions: Anycoin ensures quick processing times, giving users fast access to their purchased cryptocurrencies.

Buy Bitcoin Private at ByBit

Bybit is a leading cryptocurrency exchange platform that specializes in trading digital assets such as Bitcoin Private (BTCP), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by experienced traders, particularly those interested in leverage trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers professional trading tools, including spot trading, margin trading, and derivatives trading. The platform also provides advanced charting features and technical analysis tools for informed decision-making.
2. High Liquidity: Bybit ensures high liquidity, making it easier to execute large trades with minimal slippage. This feature benefits both day traders and long-term investors.
3. Leverage Trading: Bybit allows leverage trading, enabling users to amplify their positions. While this can increase potential profits, it also comes with greater risks.
4. User-Friendly Interface: Despite its advanced features, Bybit maintains a clean and intuitive interface, making it accessible for both beginners and experienced traders.
5. Security Features: Bybit prioritizes security with features such as two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions.
6. Mobile App: Bybit offers mobile apps for Android and iOS, allowing users to trade and manage their Bitcoin Private (BTCP) holdings from anywhere.
7. Fast Transactions: Bybit is known for its quick order execution speeds, ensuring trades are processed without delays.
8. Referral Program: Bybit has a referral program that rewards users for inviting others to join the platform.
9. Customer Support: Bybit offers 24/7 customer support through live chat, email, and other channels, ensuring that assistance is always available.

How to Buy Bitcoin Private (BTCP) on Bybit:

Follow these steps to purchase Bitcoin Private (BTCP) on Bybit:

1. Create an Account: Visit the Bybit website and click “Sign Up.” Enter your email address and create a secure password. After registering, you will receive a verification email to activate your account.
2. Verify Your Identity: To comply with regulations, Bybit may require you to complete a Know Your Customer (KYC) verification process, which involves uploading a government-issued ID.
3. Deposit Funds: Fund your account by depositing supported cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or USDT (Tether). These funds can be used to trade Bitcoin Private (BTCP).
   
4. Buy Bitcoin Private (BTCP):
   • Navigate to the “Spot” trading section.
   • Select Bitcoin Private (BTCP) as the cryptocurrency you wish to purchase.
   • Choose the appropriate trading pair (e.g., BTCP/USDT or BTCP/BTC).
     
   • Enter the amount you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your Bitcoin Private (BTCP): After purchasing BTCP, you can keep it in your Bybit wallet. However, for added security, it is recommended to transfer your Bitcoin Private to a private wallet, such as a hardware wallet (e.g., Ledger or Trezor).

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders looking for advanced features such as margin trading and leverage.
• Fast Execution and High Liquidity: Bybit ensures quick order execution and deep liquidity, making it a great choice for active traders.
• Security: The platform provides security features such as two-factor authentication (2FA), cold storage, and an insurance fund.
• Mobile Trading: Bybit’s mobile app allows users to trade and monitor their portfolio from anywhere.
• Competitive Fees: Bybit offers low trading fees, making it cost-effective for crypto traders.
• 24/7 Support: Bybit provides round-the-clock customer support to assist with any questions or concerns.

Best Bitcoin Private wallet: Electrum

When using a desktop wallet, we have had very good experiences with the Bitcoin Private Electrum Wallet. Below, we will briefly guide you on how to download and use it. First, go to the official site and download the wallet (click!). Clicking the link will take you to the official website where you can download the wallet. Scroll down and click on “Download Electrum“.

On the download page, select the appropriate wallet version for your operating system. If you are using Windows, download the Windows version. For example, if you are a Windows user, click on “Windows Installer” (see image: red arrow). If you want the app for Android, select the corresponding installer:

Once the file is downloaded, open the setup file. Choose a directory where the wallet should be installed and click on “Install”. The installation should take no more than two minutes. When the installation is complete, click “Close”.

Congratulations! The wallet is installed. Now you can start the Bitcoin Private Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will first ask how you want to connect to a server. If you are a beginner, we recommend selecting “Auto connect” at this point.

The Electrum software will detect that you have not yet created a wallet. Simply click “Continue” and give your wallet a name if necessary. Then, you will be asked to choose from different wallet types. If you are setting up the wallet for the first time, we recommend selecting “Standard wallet”. The standard wallet is completely free and works efficiently.

For additional security, you may opt for “Wallet with two-factor authentication“. This requires a smartphone and the Google Authenticator app, which is available on the App Store and Google Play Store. While this security feature comes with a small cost, we highly recommend enabling it as it significantly enhances wallet security.

After clicking “Next”, a new seed phrase will be generated. The seed phrase depends on the selected address format. We recommend choosing “Segwit” as it is widely used compared to the older formats. Once generated, you will see a list of 12 words, which serves as your backup key to the wallet if you ever lose your password or experience hardware failure. It is extremely important to write down the seed phrase on paper and store it safely.

In the next step, you will be asked to enter the seed phrase again. After successfully entering it, Electrum will prompt you to create a password. The longer and more complex the password, the better. Include numbers and special characters for extra security. This password will be required each time you open the wallet, so store it in a safe place.

Now you are ready to use the Bitcoin Private Electrum Wallet. The “Receiving Address” required to receive Bitcoin Private (BTCP) can be found in the upper right corner under the “Receive” tab. Copy this address and enter it on the exchange or platform from which you are purchasing BTCP as the “Receiving Address“.

Once you have entered the receiving address in your exchange, select a payment method and confirm the transaction. Generally, the transfer should be credited to your wallet within 24 hours.

If you have any questions, feel free to leave a comment. We will be happy to help!