Is it safe?
Using our services is completely safe. Our systems are created and developed using the latest security
measures and protocols. We work only with trustworthy payment solution providers, so you don't have to
worry about anything when purchasing your bitcoins.
Protected by: ssl & cloudflare
BuyCoinNow’s security protocols that are part of Know Your Client and Anti-Money Laundering procedures
are robust and thorough. By cooperating with our payment solutions providers on every step of
transaction verification we make sure all of our client’s assets are secured.
KYC and AML
By carefully analyzing any transaction data, both by automated systems and manually where required, we
make sure all required AML policies are met. Our KYC procedures include ID verification, identity
confirmation though a selfie, bank account ownership confirmation, and 3-D Security Protocol used to
verify card ownership.
System architecture security
We decided to build our system using microservices architecture. This means our system is built from
many independent elements. They are maintained by separate teams and not a single person has access to
all modules. Your personal data, such as your document number or even your birth date, are stored on
separate servers. This means that our primary servers do not store this data. The data are only
available by request and are requested only if a certain user needs them - and of course, the user can
only download their own data. Your password is hashed using industry-standard algorithms, so it is never
stored in plain text and is not known even to our administrators.
User-side security precausions
In addition to our industry-standard algorithms listed here, we also advise our users to make sure they
secure their accounts. This includes:
Using strong password, meaning passwords containing a mix of letters and numbers. We suggest
using dedicated passwords generator,
Not forwarding the access to your account to other people,
Making sure any and all communication between the users and our employees is done in secured
Trade in goods and products, including virtual currencies, entails significant risk.
Unit prices may be subject to considerable fluctuations in short periods of time.
Due to such price fluctuations, the resources may go up or down in value and even become worthless.
There is inherent risk that purchases, sales or trade on the market will result in losses. The trade in and possession of cryptocurrency involves additional special risk which is not commonly shared with official currencies.
Note that Bitcoin is a special kind of technology-supported currency and is based on mutual trust. There is no central management authority that could make decisions which could influence the stabilization of the rate of virtual currency or could take corrective action in order to protect the value of Bitcoin during recession.
However, Bitcoin is an autonomous, largely unregulated global settlement system. Therefore, it is more vulnerable to irrational (or rational) speculation or loss of confidence and that may exert significant influence on the shaping of unitary supply and demand.
The confidence in Bitcoin may break as a result of unexpected changes such as: unfavorable legal regulations, banning electronic legal tenders, introducing the prohibition on trading in virtual currency in specific areas, imposing high taxes, creating competitive alternative currencies, deflation, and other factors which may significantly affect the shaping of the exchange rate of Bitcoin against other currencies.
Prior to the purchase of the currency, one should thoroughly assess whether the current financial standing and tolerance to unforeseeable risk allow for making the purchase or sale of, or trade in cryptocurrency. Funds which are not allowed to be lost should not be spent on trading in currency.
The finalization of a transaction is irreversible. The purchase or sale once accepted can not be reversed.