Beginner’s guide: how to buy crypto

Nowadays, many people want to know how to buy crypto: It is becoming a profitable opportunity. It happens not only because of the profitability of using some trading platforms. Also because of the secure crypto exchanges it offers.

Buying bitcoins has become one of the most performed transactions during the day in the world, just like with other cryptocurrencies.

If you want to know where to buy crypto or are wondering how much money you need to buy bitcoin, don’t worry. In this guide, we will show you what crypto is, how to buy and exchange cryptocurrencies. We will teach you also the process to follow to have them. Thus, do not hesitate to continue reading about digital currencies and what you can do with them.

What is crypto?

Before knowing how to buy crypto, it is important to know how this digital asset is used or at least understand what they are. In this way, you will be able to more easily manage these crypto-assets that have many purposes, beyond exchanging cryptocurrencies.

Cryptocurrencies are digital assets that have cryptographic encryption or private keys to guarantee ownership and integrity. It allows only a certain number of coins to exist and not copies to be created, as with photos.

These are not held in a bank account; they are digital resources. These are held through cryptographic wallets that exist on different platforms.

Unlike the traditional money that we have in debit cards, cryptocurrencies are not regulated by any banking entity. Everything is handled through the blockchain. Is a decentralized database where you can buy and sell cryptocurrencies. The user will have all the power to fund their account safely they want without inconvenience.

Once someone is buying or selling crypto and the transaction goes through, it cannot be refunded or canceled. In recent years, it has gained the trust of institutions that allow paying for products and services through them. That is why in many cases, in addition to bitcoin, its cost has risen considerably.

Bitcoin was the first cryptocurrency to appear in 2008 by Satoshi Nakamoto. Since then, more than 17 similar coins have been created in the cryptocurrency market. However, none have had as many users buying and selling as bitcoin.

Guidelines to consider before buying crypto

Now that we know what these coins are. It is time to know some guidelines before entering to buy or sell cryptocurrencies. So, keep this in mind that we will mention below before learning how to buy crypto.

  • The education you have about it is important, reading and better understanding the entire ecosystem will help you avoid losses. It’s not just about knowing how to buy and sell cryptocurrencies, but the right time to do it. It is important to learn about their uses, the volatility they have and avoid possible scams.
  • It’s not just about trading, cryptocurrencies are much more than this. That is why we have mentioned that they are used to pay for products and services. Cryptos are not about becoming a millionaire beyond learning to take advantage of the moments when their prices rise.
  • You must choose a good secure wallet both on a secure Exchange platform, and on private software. You will be able to use these crypto wallets to buy and sell and save.
  • Each wallet is for a cryptocurrency, you cannot deposit bitcoin in an Ethereum wallet, nor a Litecoin wallet. Each coin has its wallets, otherwise, the sent amount will be lost.

Buy cryptocurrencies: step by step guide

Are you ready to learn how to buy crypto tokens? That is why we will now show you the steps you must follow to learn how and where to buy crypto safely.

  1. First of all you must have all the necessary information about the world of cryptocurrencies. It is important to have a good introduction to these types of digital currencies and to know how they work.
  2. Choose the safest cryptocurrency exchange. It is necessary to register in some of the safest platforms or Exchanges to avoid scams or losses. Currently, there are different highly recognized ones such as eToro, Coinbase, Binance, Kraken, LocalBitcoins, among others.
  3. Sign up and create your account with your data, verify your account and make your first deposit. Each of the exchanges allows different cryptocurrencies, therefore, pay attention to this fact.
  4. Once you make your deposit you can choose the cryptocurrency you want and make your purchase through the platform. These are usually easy to follow and very safe processes within the Exchanges with the best positioning.

Can anyone buy cryptocurrencies? How old do you have to be to buy cryptocurrencies?

Currently, financial and cryptocurrency education is growing, so minors understand this technology very well. However, on these platforms for buying and selling cryptocurrencies, only adults can register.


Where to buy crypto: top exchange and investment platforms

As you see, there are several Exchanges where you can buy, sell and invest in cryptocurrencies. So, we have prepared a top in which you will be able to know some of the most important ones. Within them you can find different options, in addition to being able to have hot wallets, cold wallets, and other options:

  • LocalBitcoins. It is a platform that is focused on P2P. This is person-to-person purchases. If your mission is to buy to invest, or sell your cryptocurrencies in it you can do it without problems. It has easy registration and verification to be able to make different transactions.
  • Binance. It is currently one of the safest, where you can buy, sell cryptocurrencies, invest, trade, and more. Very complete, secure, and with an easy-to-use interface for experts and beginners. In addition, you can register your bank account and even debit cards to make deposits.
  • Coinbase. A reference has always been the Coinbase Exchange thanks to the security it offers. Within it, you can make different operations with very low and safe commissions.

Learn how to buy cryptocurrencies and more about these digital assets

As we have already mentioned, it is not just about learning how to buy crypto in a trusted Exchange. There are many factors that you must take into account. Otherwise, you run the risk of losing all your investment. 

Digital currencies have a lot of volatility. They can have one price today and another tomorrow. Consequently, it is always important to know more about them.