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Buying Bitcoin with Monobank
Back in the days when cryptocurrency exchanges were gaining their first popularity in Ukraine, buying Bitcoin or other coins directly from Monobank was not a problem. However, due to a full-scale war, the National Bank introduced a bunch of new restrictions, including a ban on direct trading on cryptocurrency exchanges from Ukrainian cards, whether it's Monobank or any other financial institution.
Many traders and enthusiasts who dreamed of buying Bitcoin and getting rich found themselves in a difficult situation. Of course, Ukrainians will never give up and will look for alternative ways to buy Bitcoin from Monobank. This is exactly what we will discuss in this article.
How to Buy Bitcoin through Monobank
The first thing that comes to mind is to find a person who wants to sell their Bitcoins and receive hryvnias (UAH) to their Monobank card. Such an operation is possible, but the reality is that finding such a person can take a lot of time, and this is not profitable. You can always send a message to your friends, neighbors, or classmates, but the chances of finding a person to sell exactly the amount of Bitcoin you need are very low.
There are exchange points where you can buy Bitcoin or other cryptocurrencies in many ways. But finding a reliable exchange that won't let you down is also not easy. After all, we live in a modern world where online fraud is thriving. Today it's an exchange point with an attractive website that quickly collects exchange requests, and tomorrow it's a "fly-by-night" operation. How to choose one where the exchange will be safe?
This is where Obmify comes to the rescue – an online exchange monitoring service that lists only verified exchange points on its pages, sorts them by the rate of the required exchange pair, or by reputation.
What do you need to do to buy Bitcoin from Monobank through Obmify? Here is a step-by-step instruction:
- First, you need to select the Monobank – Bitcoin (BTC) pair on Obmify.
- Check the exchange rate and choose the best one (exchange points are sorted by default by rate).
- Verify the limits (whether this system has a sufficient amount of Bitcoin).
- Check the reviews for the selected exchange or a few of them.
- Choose the most optimal option.
- Wait for the transaction to be completed, usually, this takes a few minutes.
- Leave feedback on Obmify so that others like you can make their choice faster and buy Bitcoin for hryvnias (UAH) from Monobank.
- Done!
That's all you need to know to buy Bitcoin through Monobank.
You might be thinking, "Why not just choose a random online exchange from Google, which offers the best Bitcoin price right now?" Of course, you can do that. However, will you be sure that it is a reliable service? Today, there are numerous fraudulent schemes and scam algorithms, not to mention those who "forget" to declare the commission before the buyer pays. Selling cryptocurrencies is always the perfect field for all kinds of fraud.
With Obmify, you can make the exchange much more safely because we manually verify each exchange. You can be sure that the rate will be good, your money won't disappear, and Bitcoin or another cryptocurrency will be sent to your wallet. Moreover, we have a convenient mobile version and support in different messengers. Try it; you'll like it!