How to
Buy Sell Cryptocurrency
So, you've decided to invest in cryptocurrency.
However, you're confused and don't know where to start
- you're wondering, how to buy cryptocurrency? With so
many options available, it can be difficult to choose the best option for you. Plus, there are lots of things you need to think about before you
start making payments.
Learning how to buy cryptocurrency can be a confusing process. It doesn't have to be, though. In this
guide, we will give you the answers!
How to
Buy Cryptocurrency?
The process of buying and selling cryptocurrency has been made a
lot simpler over the last few months. There are a few
important factors that you must think about before buying
cryptocurrency:
Payment
Method
The most common and accepted payment methods to buy cryptocurrency
include: credit card, bank transfer, or even cash. Different
websites accept different payment methods, so you'll need to choose a website that accepts the
payment method you want to use.
Type of
Cryptocurrency
Not all cryptocurrencies are available for purchase on every
website. You will have to find a website that sells
the cryptocurrency that you want to buy.
Cost of
Fees
Each website has different
fees. Some are cheap, some are not so cheap.
Make sure you know how much the fees cost before
setting up an account on any website. You don't want
to waste your time verifying yourself and then find out the fees are too
high!
How Much You Can
Afford
As with any investment, you should never invest more than you can afford. I
recommend speaking to a financial adviser first.
With those 4 factors in
mind, we can move on. When you buy your
cryptocurrency, though, where are you going to store it? I'll give you a hint: it's not your bank account.
Cryptocurrency
Wallet
There are a lot of
easy-to-use and safe options to choose from. It is
important that you choose a highly-secure wallet, because if your cryptocurrency gets stolen from
your wallet, you can never get it back.
There are
three types of wallets:
Online
wallets: The quickest to set up (but also the least safe);
Software wallets: An app you download (safer than an online
wallet);
Hardware wallets: A portable device you plug into
your computer via USB (the safest option).
The wallet you need will
depend on which cryptocurrency you want to buy. If you
buy Bitcoin, for
example, you'll need a wallet that can store Bitcoin. If you buy XRP, you'll need a wallet that can store
XRP.
Luckily, there are a lot of good
wallets to choose from that can store multiple
cryptocurrencies.
Where to Buy
Cryptocurrency?
To learn how to buy
cryptocurrency, you'll first need to know where to buy
cryptocurrency. Just a few years ago, there were only
a few places to buy and sell cryptocurrencies. Now,
though, there are a lot more! Let's look at the
different places and ways you can get your crypto.
How to
Buy Cryptocurrency at Cryptocurrency Exchanges?
Payment Method: Most of the
exchanges accept payment by bank transfer or credit card,
some of them also accept PayPal.
There are a lot of exchanges for you to choose
from. Each one of them has different levels of
security and they each accept different types of payment methods. Most exchanges will ask you to follow the steps below before you
can start buying cryptocurrency.
Check the
security of the exchange. This is the most important
thing you need to consider as investors have lost lots of money in the past when the exchanges have
been hacked.
Transaction fees - the
lower, the better.
The number of payment options
available: do they accept bank transfer, credit card, PayPal,
etc.?
The amount of time it takes to activate your
account - if you're in a hurry, you might not want to wait a long time to get
verified!
Which cryptocurrency options they
offer. For example, if you want to buy the NEO
coin then you need be sure that the exchange you choose sells the NEO
coin.
If you are not able to get into an exchange for any
reason or would like to If you are not able to get into an exchange for any reason or would
like to buy or
sell your cryptocurrency private sale, We Buy Sell Cryptocurrency USA Worldwide can
assist!