The cryptocurrency buzz is still on an upward ascent. What started off as a digital currency without any state authority has now become the next best alternative for fiat currency. The crypto boom caused a lot of interest in cryptocurrency but there are a lot of people who have only heard of cryptocurrency but don’t get where and how to get started and buy crypto. There is also a lot of uncertainty about scammers therefore it is a good to be vary before you spend your hard earned money.
Read also — How to invest in cryptocurrency
To invest in digital currency, you need a crypto wallet. Crypto wallets, as the name suggests help you keep your cryptocurrency safe by storing your public and private keys and allows you to trade of cryptocurrency. It is also known as your digital wallet, and you can buy, sell and use cryptocoins. You can choose from a mobile wallet, desktop wallet, paper wallets and hardware wallets.
Once you choose the type of wallet, make sure you secure it with a strong password. Every wallet will have an access address which will be used send and receive coins, just the way your bank account number works in case of fiat currency. Be extremely careful to get all the numbers right because once a transfer is done, it is final and cannot be reversed. Once your access address is confirmed you need to choose a cryptocurrency exchange platform to buy your currency.
To make things easy for you, here is a list of cryptocurrency exchanges where you can buy and invest in crypto.
Read also — Some tips before investing in crypto
Coinbase
This is probably the most well know source to buy any type of cryptocurrency. You can buy Bitcoins, Ethereum, Litecoin, Ripple and many other cryptocurrencies on this platform. The best part about Coinbase is it insures all your investments.
Kraken
Kraken is a US based crypto platform that allows you to buy and trade in cryptocurrency in Europe. The purchase of crypto has to be done via bank transfers on this platform.
Cex
This platform allows to buy Bitcoins using a credit card as well as bank transfer. Cex allows worldwide trading access to its users.
Trastra is one of the best platforms to buy crypto in the EU. You can use and withdraw crypto money using a Visa Trastra card and also buy Bitcoin with Trastra with Bitcoin cash.
Coinmama
Coinmama lets you trade through their online server. They are well known in the US market as they are a registered business and also has a very easy, user friendly way to buy and sell Bitcoin.
LocalBitcoins
This is a peer-to-peer platform that pays a lot of attention to user privacy when they trade Bitcoins.
Anycoindirect
This is another EU based cryptocurrency platform that allows to buy Bitcoins by making a bank transfer to book the cryptocurrency. The money is then converted to Bitcoins and sent to the person’s digital wallet.
These were just a few platforms that allow to invest in digital currency or buy Bitcoins and other cryptocurrencies for newbies. There are many others you can choose from based on your requirements and their ability to function in your area. After you narrow down on the right platform, you need to link it to your wallet and start buying your Bitcoins by.
