Where can I buy Cryptocurrencies?
Introduction
Bitcoin is a type of virtual currency that you can use for digital purchases or you can trade like stocks or bonds. To buy and sell cryptocurrency including Bitcoin, you need to use a bitcoin exchange.
The best cryptocurrency exchanges are secure, cost-effective, and quick to set up, easy to use, and accept a variety of funding sources.
If you’re interested in buying a cryptocurrency, there are a couple of different ways for you to go about it. The most popular method is to purchase digital currencies from an exchange. Cryptocurrency exchanges operate much like a stock exchange. It’s a place where you can buy and sell digital currencies. If you’d like to check out one, we’ve included a link below to Coinbase, which is one of the most popular crypto exchanges[1] in the industry.
Another option for buying cryptocurrencies is through the use of ATM machines. Much like you would use a regular ATM to access cash, cryptocurrency ATMs have been popping up around the world. Instead of being given actual coins, you’ll receive the private key that will provide you with access to the funds that you’ve purchased. According to Coin ATM Radar, there are currently over 3,500 of these ATMs around the globe[2] located in over 70 countries.
There are many best places from which an individual can start investing in cryptocurrencies. There are different software for beginners and masters in investing smoothly. Let’s start from the beginning:
1. for Beginners – eToro
eToro[3] is an easy to use platform and it has practice accounts that let you test out buying bitcoin without risking real funds.
If someone is looking for a trouble-free and decisive platform that allows you earning while learning more about the cryptocurrency network, eToro could be wonderful for you to begin your journey. A newcomer will always appreciate an uncomplicated platform to begin his journey in trading. Also, the Copy Trader system allows you to mimic trade from other people on the platform.
Another benefit includes that you can use free practice accounts with $100,000 in virtual money to learn the basics of trading or investment. It creates many other different tabs to practice trading for beginner. It also has a copy trading system through which you can learn from other senior members on the platform. After a few practice investments by learning from others will make you a pro in this field.
2. for instant investors – CoinMama
CoinMama is a platform which will offer you instant bitcoin purchases with multiple payment options and with high limits.
If any individual already has a bitcoin wallet and wants to earn bitcoin then, Coinmama is the best platform for you to invest. Setup and verification of coinmama are too fast and secured. In the beginning, you just have to log in and then, you can purchase bitcoin instantly using multiple payment methods, though there may be a fairly high price tag for those instant purchase privileges.
You have the option to both pays using your debit or credit card and choose between different currencies. Coinmama has the technology of instantly verifying funds connected with your card so that you can proceed further with the order. Then the cryptocurrency you have chosen is deposited into your crypto wallet for future use. Any individual using it from UK or EU has an additional instant funding option, but not available in the US. Though, the nature of electronic transfers in the U.S. wouldn’t allow for instant purchases with this funding method. But if you have a credit or debit card and don’t mind the fees, Coinmama allows you to buy coins with any bitcoin wallet instantly.
To sum up the benefits of using Coinmama we can say that, it is an instant order delivery system. You can deliver bicoin to any crypto wallet; it has quick account setup and verification, also multiple funding options.
3. for regular investors- Coinbase
If you are new in the field of cryptocurrency or using bitcoin for the very first time but have little prior experience then believe me coinbase is the platform you are looking for. Coinbase has some excellent advantages as an investing platform which includes the presence of a number of popular cryptocurrencies, a strong security track record, and reasonable fees.
Coinbase is one of the largest cryptocurrency wallet provider and exchange based in San Francisco, California. It has over 35 million users in over 100 countries around the world, making it a popular choice for cryptocurrency enthusiasts, investors, and traders. Coinbase claims it holds over $25 billion in assets and has facilitated more than $320 billion in trades. Coinbase is the best place to show your trading skills, with dozens of currencies.
Coinbase charges some fees, which it discloses upfront when entering a transaction. The fees include a per-transaction fee and a spread of about 0.50%. There are no fix fees when you use a debit card to pay; sometimes it goes up to 3.99%. Apart from this coinbase has strong security through coinbase vault, two-factor authentification. It is the most trusted platform in the US with more than 35 million verified users; it has reasonable fees and supports a large number of currencies. Also the majority of assets stored in secure offline cold storage.
