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how to buy cryptocurrency

How to Buy Cryptocurrency?

There’s a lot of potential growth in the cryptocurrency and blockchain industry but you can’t expect to attain great returns if you don’t know where to buy them in the first place.

Here are just a few of the specific platforms to choose from:

Canadian Exchange

Coinsmart CanadaCoinsmart, which despite being a new Canadian exchange, still gained utmost popularity among buyers and investors. One reason behind its popularity is its user-friendly interface and functions.

Some of the available cryptocurrencies you can buy here are Litecoin (LTC), Ripple (XRP), Bitcoin cash (BCH), Dash (DASH) and Monero (XMR) in addition to Bitcoin (BTC) and Etherum (ETH.

 

Top Global Exchange Platforms

coinbase

 

Coinbase offers convenience as due to its accessibility. You can buy your preferred cryptocurrency from Ether, Litecoin, and Bitcoin using your credit card here, making the whole process much simpler.

However, while it’s easy to use and convenient, it’s also quite expensive. Transactions require you to pay up and astounding 4% in fees. To use CoinBase, you need to set up an account and verify it. Once verified, adding payment methods, like debit or credit cards, wire transfers, or bank accounts, should come next. You can then start using the platform for buying cryptocurrencies.

binance

 

Binance is also a popular and user-friendly platform for buying cryptocurrencies. Binance seems to offer a wide range of options. Note some platforms only allow you to purchase certain coins and cryptocurrencies, like Coinsquare (canadian), Quadrigacx (canadian), and Coinbase.

In most cases, you can begin using this platform by buying a few cryptocurrencies from Coinsmart (Canadian exchange), and Coinbase first and then transferring Bitcoin, Ethereum, or Litecoin to Binance. This will allow you to use these coins to trade for other popular Altcoins.

What’s good about the whole process of buying bitcoin/altcons today is that it’s now effortless. Once you’ve set up your cryptocurrencies, it would be ideal to store them offline, which is called a cold storage. There popular methods to storing crypto currencies including cold storage, using a hot wallet or paper wallet. Learn more about how and why its important to store your crypto currencies.

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