Connect with us

CryptoBytes

How to buy cryptocurrency?

mm

Published

on

How to buy cryptocurrency?

Surveys reveal that buying cryptocurrency has been an unclear procedure for many people because it is not like stock, investment, or any trading scheme experienced before. For example, you don’t get shares when you buy a cryptocurrency; instead, you receive tokens or digital coins.

Before buying any cryptocurrency, what’s most important is to pick a crypto exchange or a traditional broker.

A cryptocurrency exchange provides a platform to buy, sell and trade digital currencies like Bitcoin, Ethereum, and Dogecoin. Traditional brokers are online brokers who offer to buy and sell cryptocurrency, along with other financial assets like bonds, stocks, and ETFs. However, these platforms often have fewer crypto features.

When selecting your exchange platform, it is best to know which cryptocurrencies are on offer, trading fees, security features, storage and withdrawal options, etc.

Funding your Account

Once you have chosen an Exchange, it is time to fund your account. Most exchanges allow their users to buy crypto using fiat (i.e., government-issued) currencies. If this is not the case for your selected Exchange, you can purchase with credit cards, though it is considered risky. Wire and ACH transfers are also a possibility with some platforms.

Advertisement

Place your Order

After adding funds to your account, go ahead and place a crypto order, followed by choosing the best cryptocurrency.

CoinMarket is the world’s most-referenced price-tracking platform, making crypto discoverable and efficient globally. In addition, CoinMarket revealed cryptocurrency lists StormGain as an interest rate provider for crypto traders. This crypto trading platform (StormGain) is an all-in-one platform for everyone who wants to buy, sell, trade, exchange, hold, and mine cryptocurrencies. 

WorldCoinIndex is another platform that focuses on cryptocurrency coin trade prices and market cap. Recently, Pi coin and SafeMoon coin {a decentralized finance (DeFi) token} hit the crypto market. Pi coin users as well generate Pi through crypto mining.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Trending