How to buy crypto: simple ways to get cryptocurrency
Digital currency has made some noise in the world and definitely changed the flow of business. In fact there were two major cryptocurrencies which took the leading role: Bitcoin and Ether. They still have such unprecedented advantages as anonymity and work with such revolutionary technologies as smart-contracts.
After numerous fluctuations the market has become more or less stable now. This sphere is still popular among investors which is reasonable. Making a fortune on cryptocurrency is possible. So, how can you get it? Read on to find the answer.
Cryptocurrency for Investors
There are many reasons why investors choose certain spheres but the most obvious one is profit. So what makes cryptocurrency so profitable? Here it is:
- Diversification of portfolio
- Ease of getting
- Increasing adaption
List of Cryptocurrencies
Well, the variety of cryptocurrencies grows rapidly. Many companies «create» their own currency. The most popular digital currency which was among pioneers of this sphere is Bitcoin. However, there are other interesting and trustworthy variants. Have a look at the list of them:
- Bitcoin Cash
- Ethereum Classic
Where to Get Cryptocurrency
There used be times when obtaining digital currencies was very difficult. As this sphere develops, things are getting much easier. Now you have various options and we are going to look through them.
To begin with, there are platforms designed specially for buying crypto. Their diversity is also rich but there are several trustworthy services. These are:
It may come as a surprise but traditional paying services also cooperate with cryptocurrency. Skrill and PayPal do work this way.
If you want to use crypto via Skrill, you are going to need BitPanda. Its biggest advantage is that it works with Skrill, plus transaction fees are pretty low. Another popular platform to use is Virwox.
Proceeding to PayPal now. Some of the platforms which support this processor are LocalBitcoins and Paxful.
For those of you who live beyond U.S. there is an interesting platform eToro. Note that this platform makes it impossible to convert Bitcoins to other cryptocurrencies. What is more, you cannot change them to fiat currencies. Thus, it is a good idea to use eToro for investments rather than trading.
Can You Buy Crypto with Cash?
Many people wonder whether there is an opportunity to buy cryptocurrency with cash. The answer is yes, in addition this variant is even more beneficial.
To begin with, it gives you much higher level of privacy. In differ from online services you do not need to disclose your personal information and fill in a lot of documents.
What is more, buying crypto with cash is much faster than setting up a special wallet to your computer or learning how to work with other payment methods.
There is one more way to trade digital currency with cash which is LocalBitcoins website. This is a very reputable P2P platform which has a lot payment methods. It is easy at use and even a beginner at digital currency will understand how to work with it.
It may sound unexpected but to buy crypto with cash you can use an ATM for digital currency. Plus, you can sell it as well. The only drawback is that there are not many ATMs of this kind, around 5,000 all over the world. They function in quite a predictable way. You put your money in, provide a QR code and choose a payment method.
Again, one of the biggest advantages of using cryptocurrency is anonymity. There are several ways how to buy it without providing any personal information.
First of all, you can use a special crypto platform and find a person who is willing to exchange cryptocurrency with you. Unfortunately, it is quite a risky choice because you never know how safe such a deal is.
Buying cryptocurrency via ATM is also anonymous enough because you do not have to provide any identification documents. However, certain ATMs impose limits and you still need to enter your telephone number in order to avoid them.
A good idea to get cryptocurrency is using a prepaid cards from a supermarket or any store which you find comfortable. Some of the online platforms do accept them.
As you can see, getting digital currency is becoming easier each year. As long as the market evolves this sphere is turning into a mainstream now. Nevertheless, there are factors which you have to consider when choosing how to get Bitcoin or Etherium.
One of them is choice of the platform. Think about transaction fees, level of privacy, exchange transfers and so on. In addition, you should understand where you are going to store your cryptocurrency as well.
Today there are various wallets which make it possible but some of them can be hacked and you can lose your «money» as a result. Some of them are made to keep digital assets for a longer period of time while others are better for short periods of time. You can also choose between online stores and offline variants.