![]() Transaction fees – the lower, the better.This is the most important thing you need to consider as investors have lost lots of money in the past when the exchanges have been hacked. You should make your decision based on the following factors: You must be careful when selecting the cryptocurrency exchange. Most exchanges are just like stock-trading platforms: you can buy and hold your cryptocurrency, or you can exchange it for another cryptocurrency. Once your account is set up, you can start buying cryptocurrency on the exchange. Note: Almost all exchanges charge a transaction fee of around 1-4%. This helps to keep your account secure and keep the hackers away! Next, you are asked to set up 2-Step Verification.The next step is to verify your identity - you normally need a passport / driving license.The first step is to register yourself with your information ( full name, email address and cell phone number, etc.).Most exchanges will ask you to follow the steps below before you can start buying cryptocurrency. Each one of them have different levels of security, and they each accept different types of payment methods. There are a lot of exchanges for you to choose from. Payment Method: Most of the exchanges accept payment by bank transfer or credit card, some of them also accept PayPal. I recommend newbies to use these exchange websites as they are easy-to-use and quick to set up. Exchanges are the most popular way of buying cryptocurrency. How to Buy Cryptocurrency at Cryptocurrency Exchanges?Ĭryptocurrency exchanges are online websites that let you exchange your local currency for cryptocurrency. Now, though, there are a lot more! Let’s look at the different places and ways you can get your crypto. Just a few years ago, there were only a few places to buy and sell cryptocurrencies. To learn how to buy cryptocurrency, you’ll first need to know where to buy cryptocurrency. Now that you know where you're going to store your cryptocurrency, the next step is to find out which is the best place to buy a cryptocurrency and how to pay for it. It stores NEO, Bitcoin, Ethereum, Bitcoin Cash and many more! It is super-safe ( because it is only connected to the internet when it is plugged into your computer) and costs around $149. Exodus, for example, is a software wallet that can store Bitcoin, Ethereum, Litecoin, Dash, EOS and more!Īs for hardware wallets, I recommend Ledger Nano X. Luckily, there are a lot of good wallets to choose from that can store multiple cryptocurrencies. ![]() If you buy Litecoin, you'll need a wallet that can store Litecoin. If you buy Bitcoin, for example, you'll need a wallet that can store Bitcoin. The wallet you need will depend on which cryptocurrency you want to buy. ![]()
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