How-to Guide - Buying Bitcoin Dark

If you want to know more about how to buy BitcoinDark then you have arrived on the right page. BitcoinDark is a cryptocurrency which stems from the original Bitcoin. Also known as BTCD, you can profit from it in a few different ways. 

Researching different cryptocurrencies is time-consuming, so our guide aims to cut through the mire and walk you through the various different ways you can buy Bitcoin Dark, as well as a little bit on how BitcoinDark works.

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If you want to buy BitcoinDark instantly and securely, get in touch with CryptoGo today – they have access to every altcoin on the market!

Should I Buy BitcoinDark?

Buy Bitcoin Dark - Komodo

To decide if you want to invest in BitcoinDark, it’s worthwhile having a look at its underlying ambitions and its recent market activity first.

Since its launch, BitcoinDark has undergone a cryptocurrency swap for Komodo coins (KMD) after the creators of BitcoinDark closed down the original operation. Therefore, Komodo is now BitcoinDark 2.0 and it is more secure with the use of InstantDEX protocol (iDEX) which facilitates decentralized, crypto-to-crypto real-time exchanges.

Although there are more altcoins appearing by the day than ever before, some doubters have said that BitcoinDark is simply a clone of the original Bitcoin, while others have said that it has some good merits.

BitcoinDark’s aim is to maintain the private, anonymous aspects of buying cryptocurrencies and believes that large costs from the markets should not be imposed on investors. It also wants to prevent volatility by locking their coins in PAX (pegged asset exchange) against commodities and currencies to keep them until a later date and redeem them. 

 

How to Buy BitcoinDark

Buy Bitcoin Dark

Photo credit: Shopify

Although BTCD has migrated to Komodo, it is still possible to buy it on some exchanges, however, none of these will exchange your BTCS for fiat currencies.  Buying BitcoinDark is much like buying any other altcoin. Firstly, you must go through the below process:

1.       Sign up for an account at an exchange where they accept fiat money. For example, Coinmama, Gemini or Coinbase.

2.       Purchase Bitcoin or Ethereum using one of the different payment options available, e.g. credit card, PayPal and or bank account

3.       Transfer your coins from your wallet address to an exchange that sells BTCD for either one of these currencies

4.       Buy BitcoinDark

*This process may alter slightly depending on which platform you are using. Some exchanges have their own wallet storage facilities and others don’t.

 

Where Can I Buy BitcoinDark?

One of the best ways to buy BitcoinDark is through a site that specialises in altcoins. Below we have detailed instructions on how to buy BitcoinDark from CryptoGo, an online brokerage trading platform that offers investors further information and support on the coin they are investing in, as well as access to every coin on the market and several different payment options.

Step 1

Go to CryptoGo website and sign up. You will be sent an email to verify in your chose email client.

Buy Bitcoin Dark - CryptoGo Sign Up

Step 2

You will then have access to the below screen. Choose ‘BitcoinDark’ from the dropdown menu confirm you are not a robot and click ‘buy now’.

https://037c96109eafecbaffbb36cdbe21d279.s3.eu-west-1.amazonaws.com/images/fa7fac431a2f13c452a0023fee892707-base.jpg

Step 3

Pick how much BTCD you want to buy and your chosen payment option and enter your address details. Confirm your order, provide your ID documents and you’re done! 

*Note, have your ID documents like passport, ID card and utility bill, bank statement ready before you buy BitcoinDark online as this will help speed up the process.

Buy Bitcoin Dark - CryptoGo Payment Method                         Buy Bitcoin Dark - CryptoGo Order

 

Facts about CryptoGo:

  • You will receive your coins on the same day as you purchase
  • You can pay for orders with debit card, wire transfer or Bitcoin 
  • Fees are calculated on how much you pay for each coin and order volume
  • Unlike many exchanges and brokers, there are a team of experts on hand to help you and you will be assigned your own personal account manager when you sign up

Buy Bitcoin Dark - CryptoGo Brokers

Buy Bitcoin Dark - CryptoGo Komodo

You can also buy Komodo tokens on CryptoGo. If you would like to buy KMD or BTCD through CryptoGo, have a look at the review of the site here and sign up within minutes!

 

Where Else Can I Buy BitcoinDark?

As well as CrytoGo, there are other places where you can buy BitcoinDark online. Below we have listed some of the exchanges that trade in BTCD, each one has different methods of payment accepted offers something slightly different to cryptocurrency buyers.

Have a look below to find the best one for you:

  • ·       Polonieux is a US based exchange where traders can buy BitcoinDark. Accessible both as a Desktop or mobile APP, no fees are required for deposits and withdrawals, but there is a network fee applied on each transaction.
  • There are mixed reviews of this site on the web but we have detailed it here because it is known for more experienced traders looking for new opportunities, it is accessible from all over the world and it is the largest Ethereum exchange in terms of volume. We would recommend having a look at this review of Pololnieux before you buy BitcoinDark with it.
  • ·       Cryptopia is a New Zealand based peer-to-peer exchange where you can buy BitcoinDark directly from other users of the site, as well as 400 other cryptocurrencies. The only fiat currency that is usable on the site are New Zealand Dollars. It promotes security with its two factor authentication and deposits need to be made with cryptocurrencies
  • ·       Bleutrade is an exchange that supports lots of different altcoins, including BitcoinDark. You can transfer crypto-to-to crypto on the site and there are around 50 different currency types available. You can buy BitcoinDark with Ether, Litecoin or Bitcoin on Bleutrade.
  • Trading fees being at around 0.25%. If you want to buy BitcoinDark with PayPal or credit card but still use Bleutrade, you will have to swap it at a main exchange first where you can use one of those methods, for example, Virwox or Paxful.

 

For a further, detailed list of all exchanges, have a look at the top 40 exchange list -  click here.

 

What kind of Payment Methods can I use to Make a Deposit?

Buy Bitcoin Dark - Paypal

As we have already mentioned, buying Bitcoin Gold with credit cards, PayPal or bank transfer is not a direct option, nor is it with a credit card. BitcoinDark is a cryptocurrency that needs to be bought through a specific exchange. However, you can buy BitcoinDark with PayPal indirectly if you go through Coinbase first to purchase your BTC or ETH.

Similarly, you can use Gemini to buy BitcoinDark with a bank deposit, or you can use Bitstamp to pay with for cryptocurrencies with a credit card.

 

Where Can I Store my BitcoinDark Currency?

Buy Bitcoin Dark - Storage

Photo credit: Shopify

Like all other cryptocurrencies, you will need to store your BitcoinDark somewhere safe and secure.

You can sometimes store your BTCD at one of the exchanges where you bought it from.

Alternatively, the Agama wallet supports Bitcoindark and has been specifically designed to support the KMD (Komodo token). A desktop wallet still in its development phase, Agama also supports lots of other different cryptocurrencies.

There is an exchange within the Agama platform. EasyDEX, where you can swap your Bitcoindark or other currencies, for other currencies and users can opt for differing levels of security.

There is the option to download the full blockchain in ‘full mode’ or yu can use ‘Basilkik’ mode which doesn’t download the blockchain but uses decentralized nodes for information from the blockchain and broadcasts these transactions.

*Note that the Agama wallet is still in development phases and there are more features that will be added on including an exchange for fiat currencies (PAX). There will also be peer-to-peer exchanges for coins known as ‘atomic swaps’.

 

How to Mine BitcoinDark

Buy Bitcoin Dark - Mining

Photo credit: Shopify

Now that the original BTCD platform has changed to Komodo, you will be mining on the Komodo platform with KMD token.

You can profit from BTCD mining through either personal mining or cloud mining. The former method is less common as there is a high cost involved purchasing the mining equipment and ensuring access to a continual supply of electricity to run the heavy machinery required.

Instead, you can mine for BTCD using cloud mining which involves renting out the hardware and someone else doing the mining for you, meaning investments are smaller and your time is not taken up mining. To do this you will need to register an account with a cloud service provider and pick a plan that suits you. Two options are below:

·       Cloudpools is a new mining platform which currently allows you to mine for Komodo with 0% fees.

·       Komodo Pool has a preconfigured APP available and touts itself as user friendly, high performance with no fees

 

Should I Invest in BitcoinDark?

Buy Bitcoin Dark - Invest

Photo credit: Shopify

Now that you have seen the ways to buy BitcoinDark, you need to consider whether BitcoinDark is worth investing in. This means as well as looking at the benefits of anonymity and decentralization, compared to Bitcoin, which does hold a much higher value, prospective investors also need to look at the future of the currency as a whole.

At the moment, not much is being said about BTCD. According to online news hub, The Merkle, BTCD seems to be more of a ‘speculative vehicle’ although, there is the chance that with the integration with Komodo, this could change. It also highlights the challenge of altcoins in gaining traction with merchants and retailers.

However, there has been suggestion that buying BitcoinDark is not necessarily a bad idea as BTCD recently hit a high of $102.64, according to Coin Journal.

So, if you are looking to buy BitcoinDark then it is worth considering these facts first.  There is currently nowhere to use BitcoinDark payments but there are still exchanges listing it, meaning this currency is still very much alive.

If you would like to start investing in BitcoinDark today, the easiest way is to register with CryptoGo and speak to your own personal account manager who can offer you advice on BitcoinDark as well as hundreds of other altcoins -  sign up here!

Bitcoin Dark FAQ's

How is BitcoinDark different to Bitcoin?

BitcoinDark is based on the same algorithm as Bitcoin but instead of heading towards more transparency, BTCD wants to maintain anonymity through decentralization. It runs an InstantDEX protocol where instant BTCD exchanges can be made with other cryptocurrencies.

Another difference from Bitcoin is that BTCD supports proof-of-stake so for those who have a higher holding of coins. Users who stake their BTCD will receive revenue that is generated by the exchange protocols.

Can I swap my BitcoinDark for Komodo token?

If you were in possession of BTCD prior to the closing of BTCD platform, you were able to swap it for Komodo coins up until January 2018, without any additional fees. However, the date for swapping has now passed.

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