Steps to get subscription!
Hi Abhi,
Here are the steps:
1. Go to localbitcoins. It's a website.
2. Sign up for an account.
3. Choose a vendor based on your preferences. You may choose cash deposit, paytm etc as mode of payment to the vendor.
4. Click buy option.
5. You have to enter the btc amount you need. For this, check Google for btc to usd and enter usd there.
6. This will give you a clarity on the amount of btc you need.
7. Add some more. For example, in my case as of today, I needed 0. 0035 btc. But I decided to purchase 0. 0038 btc just in case if the value increased by a margin or to cover transaction costs.
8. Now enter that value and follow instructions.
In my case, I chose paytm. The seller had a number to which I had to send money and I had to add a reference number.
Once the payment is done, the seller called me for a quick confirmation. Post this, the money that is, btc is credited to my wallet in localbitcoins.
For safety, I transferred to two more different wallets I have and finally transferred to Bitcoin address of this forum admin.
Send the transaction ID to admin via contact us.
Wait for the approval.
Hope this helps. Though there are many options, I prefer this since wazirx or coinbase would go nuts at times for verification and all.
Also, if you prefer cash, go with the option and deposit money instead of paytm and all, just in case if you are concerned of any digital payments.
Few may ask for ID and you may have to provide it.
P.S. - Don't store crypto in normal websites or mobile wallets. For safety, prefer hardware wallets like ledger nano etc. (Just in case if you are buying a good amount and have plans to work with crypto).
P.S. - Ban on cryptos is a grey area. Purchasing from someone or a website via credit or debit card and if the transaction or remarks reflect crypto, the banks might block accounts.
So peer to peer transfer like localbitcoins and wazirx (troublesome verification process is what they have) are safe to use and you should not be into any issues in most cases unless our intentions have a different purpose.
Hope this helps.
Thanks,
Kumar.
[QUOTE=Abhimonger01;2384287]Please help me understand the process to get a membership here. My understanding is that we have to pay using bitcoins, please let me know the entire process.[/QUOTE]