Whether you are in the cryptocurrency business or not, chances are that you have read about Bitcoin. After the mega boom of Bitcoin taking the world by storm and doing extremely well, many are still considering to invest in crypto. But, keeping that in mind, many are still unsure about the ins and outs of how to buy cryptocurrency. I will take you through the process of how this works in order to make it a bit easier for anyone who wants to invest in digital currency.
The first thing you need to do is to find and install a crypto wallet to safely store your cryptocurrency by securing your public and private keys. Then you need to look into a possible trader and an account you can use for the trade.
There are many wallets available online. Most cryptocurrencies offer their own wallets. There are four major types of wallets: a desktop or a mobile wallet, an online wallet, a hardware wallet and a paper wallet. The most common type of wallet is the desktop / mobile wallet, followed by an online wallet.
Read also – How to invest in cryptocurrency
There are many places you can buy crypto from. Some of the best are:
Coinbase is one of the best and well-known Bitcoin traders in the US. Besides Bitcoin, they also support Litecoin, Ethereum and Bitcoin Cash. Their wallet is secure and can be used with the web or mobile app.
CashApp is used usually as a simple money transaction app. When it comes to Bitcoin, it soars right up there by waiving off the trading free. This is one of those few apps that allow you to buy Bitcoin completely free without any extra charges.
Robinhood as its name cleverly suggests, does not want to rob you of your money, but help you instead. You can trade on this platform with no additional fees i.e. your trading is completely free on this platform. This makes it very budget friendly for users.
Coinbase Pro is for people who are active traders in buying and selling large amounts. The currency is all insured and stored offline in order to ensure maximum security.
Binance is a platform with the most varied amounts of cryptocurrency. Besides the major Bitcoin, Ethereum, etc. they also have their own Binance Coin (BNB). They also deal with Ripple, Skycoin, Stellar Lumens and many more currencies.
TRASTA is the best when it comes to people who need an easier and more secure option than their traditional banks in the EEA. You can buy Bitcoins with Trastra, use their digital wallet for online shopping, and much more. Your cryptocurrency wallet is secured by a two-factor authentication.
There are a lot of ways to pick and choose your traders and wallets. In order to take the first step, you need to choose your wallet and buy your cryptocurrency. For a secure and trusted buying space in the EEA, head to Trastra and secure their digital wallet. This is a verified and trusted space to fulfill all your needs whether you are a novice or an expert.
You can secure a wallet, buy crypto, trade and much more easily once you choose the right wallet and platform to trade.
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As we had promised, we prepared a list of blockchain and cryptocurrency events, which will be held in October.