It’s also private, since no personal information is required in most cases, especially if trading in person or at an ATM with no verification. You can enter in dollars or BTC, the fields will update automatically. Following these two basic principles should help you avoid theft, scams, and any other loss of funds:. Now that you know a bit about LibertyX we’ll show you how to use it. One thing that Bitcoin exchanges have going for them is that because they are constantly under attack, they have some of the best security and protections in place to protect against the hacking of your personal info. Do you want to buy larger amounts of bitcoins? Deposit limits vary and depend on your level of verification.