Hereunder some of the most trusted sources on how to buy a cryptocurrency.
Get a cryptocurrency wallet
At first, you’ll need to get a wallet. There are two types of cryptocurrency wallets, Software wallets and Hardware wallets.
- Ledger Nano X and Trezor Model T are one of the most secure hardware wallets in the market.
- Atomic Wallet and GreenAddress are popular for software wallets.
- Blockchain.com is also a well-known web-based and mobile wallet.
Open an account on an exchange
After getting your wallet, you can choose between a Centralized exchange or Decentralized exchange to buy, sell, or trade cryptocurrencies.
- Binance, Coinbase, and Huobi are one of the biggest centralized exchanges around the world.
- Nash and Switcheo are one of the top and most popular decentralized exchanges in the market.
Choose a payment method
Besides using a cryptocurrency exchange, you can choose between any of the following payment methods available to purchase cryptocurrencies.
Buy cryptocurrencies with Credit or Debit Card
Changelly and CEX.IO are one of the most trusted options to trade fiat currencies for cryptocurrencies.
Buy cryptocurrencies with PayPal
LocalBitcoins and Paxful are one of the popular sites for PayPal purchases.
Buy cryptocurrencies with Wire transfer
CEX.IO, Coinbase, and LocalBitcoins are one of the most reputable exchanges that have wire transfer as an option to purchase cryptocurrencies.
Buy cryptocurrencies with Cash
LocalBitcoins is one of the very few sites which allow users to buy cryptocurrencies using cash as a payment method. It gives you the ability to buy, sell, and trade cryptocurrencies person-to-person in an easy, fast, and secure way.
Buy Bitcoin with ATM near me
Cryptocurrency ATMs don’t need much information and they are one the fastest methods to purchase cryptocurrencies, but cryptocurrency ATMs charge a bit high fees.
Coinatmradar helps you to know if you have a Bitcoin ATM in your area.
Withdraw a cryptocurrency to your wallet
Once you finish buying a cryptocurrency, it’s always better to move your coins to your personal wallet. This way you are the only one in control of your funds, and consider using a Hardware wallet like Ledger Nano X or Trezor Model T to store your cryptocurrencies is definitely a great choice for maximum security.
