How to Buy Cryptocurrency and safe investment e-wallets in 2022

How to Buy Cryptocurrency

Cryptocurrencies on the market today include Bitcoin, Ethereum,… but buying Bitcoin, Dogecoin, Cardano is a simple process and they don’t have too much risk. If you want to buy crypto you just need to open your account with a reliable crypto broker that will offer low fees including deposit and will decide how many tokens you want buying. Follow this article until the end, if you want to become a cryptocurrency investor and know How to Buy Cryptocurrency.

How to Buy Cryptocurrency
How to Buy Cryptocurrency

Where to buy cryptocurrency?

A question many new crypto investors will ask. Needless to say, in order to buy cryptocurrencies online, you need to get an account with a trusted benchmark broker or exchange.

First, when your decision is fixed on where to buy crypto your chosen platform offers low fees, your payment methods, your account will be minimally small and of course that leads to a strong legal framework.

So when you decide to buy cryptocurrencies like Graph, XRP, Ethereum at that time, you will desperately need an exchange or alternatively a broker that suits your trading needs and financial goals. own main.

In this article, we have reviewed the top rated platform options so that you can choose to buy crypto in the safest and most cost-effective way.

Best platform to buy crypto this year- eToro

eToro is a company that offers safe investment, relatively low transaction costs and is friendly to your budget. You will be hard pressed to find a better online broker to buy cryptocurrency. This innovative social trading platform is strictly regulated by the tier one licensing authorities- SEC and FCA, ASIC and CySEC. eToro is also a member of FINRA.

You only need a deposit of 10$ to open an account at eToro- This is ideal for those who want to invest small amounts of money. At eToro support for cryptocurrencies is numerous, more than 50 digital accounts are available for purchase. Therefore, you can buy Dogecoin on this eToro platform like other Altcoins with extremely low fees.

Best platform to buy crypto this year- eToro

The above will include large-cap tokens similar to DeFi coins. Example: Two coins, SOLANA and Axie Infinity, will be purchased on eToro with a tight transaction fee of only 1%

Perhaps, when we talk about fees, eToro really stands out. Look at the following example to understand: Any customer can send money without any fees including debit and credit card, e-wallet or bank transfer. If you buy and sell crypto here, you only need to spend 1% of the flat fee with an extremely low spread, and when withdrawing USD, there may be no fee.

If you have little experience in crypto investment but you want to invest then eToro will provide you with a smart portfolio and do all the work for you. The portfolio that eToro mentions includes dozens of digital assets that will be refunded regularly. As this social trading platform will make it easy to buy cryptocurrencies with your credit card along with other convenient money payment methods.

Besides, you can also choose to copy other top crypto traders on eToro. With this copy-trading tool you can instantly copy the portfolios of any trader on the platform and you can also access in-depth performance statistics with no fees.

After that, eToro will offer a top ranked mobile app available on both IOS and Android. Thus, you can gain exposure to the cryptocurrency market directly from your smart mobile devices. You can then purchase other alternative cryptocurrencies with low spreads or for free.

Currently, eToro is considered by many traders as the best stockbroker because of its copy trading tools along with zero commission policies on buying and selling stocks.

Coinbase- the leading platform to buy crypto for beginners

Launched as a crypto investment in 2012, Coinbase is a very large cryptocurrency exchange and brokerage based in the United States. Coinbase is used by millions of people to buy and sell cryptocurrencies – the platform is more suitable for beginners as it is preferred by vendors. This is because Coinbase is easy to use and supports small investments.

But Coinbase is very expensive for debit/credit cards. Meaning by using your visa or MasterCard card to buy crypto. Coinbase will charge you almost 4%. The standard commission on this platform is around 1.49% per slip.

Coinbase- the leading platform to buy crypto for beginners

But, you can send US dollars via ACH so you don’t need to pay any fees. What’s more, Coinbase offers a wide selection of cryptocurrencies for you to choose from – that gives you better diversification. Coinbase is regulated – it keeps customers’ digital currencies in cold storage up to 98%.

Binance- diversity of digital assets and ease of trading Bitcoin

On the above trading platforms Binance is larger than Coinbase – Based on a global user base of over 100 million customers. It is the largest platform in terms of daily trading volume. Therefore, Binance is popular with investors looking for a high level of liquidity with a wide selection of crypto markets.

Binance- diversity of digital assets and ease of trading Bitcoin

If your headquarters are in the US, you will have access to the US version of Binance. That means you’ll get access to over 50 currencies, all of which you can buy with a debit/credit card. Just like Coinbase, the fee on this platform is very expensive around 4.5% to use Visa or MasterCard and the purchase commission is 0.5%. Which means you can buy Polkadot with a small commission of 0.5%.

If you can deposit using ACH or wire transfers locally, you won’t be charged. When it comes to trading commissions, Binance is very competitive, But in reality you have to pay a maximum commission of 0.10% per slip. If you are already experienced in cryptocurrency investing Binance offers you advanced trading tools and OTC services.

Webull – buy cryptocurrency just 1$

The popular Webull in the US is one of the most used, with a platform offering thousands of stocks, ETFs and even options. Webull is also known for its low-cost crypto services. The fact that you can buy crypto with as little as 1$ is really ideal for the average trader.

Regarding fees, Webull will not charge any commission when you exchange or buy, sell cryptocurrencies. Even so, you must also note that the crypto spread here is 1%. You can also trade many cryptocurrencies here. Such as: Bitcoin, Chainlink, Uniswap, Zcash, Bitcoin Cash, Litecoin, Ethereum, etc.

Webull – buy cryptocurrency just 1$

Webull also offers a complete trading app where you can access your investment account on the go. You can also deposit here with no minimum fees. But this platform does not allow you to deposit via credit/debit card, you can fund your account via ACH or bank transfer. Comes with a deposit and withdrawal fee equivalent to 8$ / 25$

Gemini – solid exchange for experienced investors

Gemini is one of the safest places to buy crypto – If you are a large scale investor. The platform has been authorized and regulated by the New York State Financial Services structured as a trust company. The platform has organized security and $200 million cold storage insurance.

Gemini – solid exchange for experienced investors

Although Gemini offers a solid place to buy crypto safely, the commission fee at the platform is quite expensive at 1.49% per slip. But when it comes to supported markets, you get access to 70 cryptocurrencies at Gemini. This has quite a selection of large limits ERC – 20 and DeFi coins.

The crypto interest mentioned in Gemini is a top-rated feature. You simply deposit your idle digital tokens into the Gemini exchange and you get an interest in return – dependent on the equivalent assets. For example, you can earn 8.05% APY on Gemini Dollar and 4.03% on Bitcoin Cash.

How to Buy Cryptocurrency

When it comes to investing in cryptocurrencies there are many ways to buy. Because of this, we will talk about specific payment methods to make it easy for you to buy your cryptocurrency.

Buy Cryptocurrencies with Paypal

You can buy cryptocurrencies with Paypal at selected exchanges and online brokers. In most of these cases you will have to charge a premium. Because Paypal gives users the ability to claim chargebacks.

Buy Cryptocurrencies with Paypal
Buy Cryptocurrencies with Paypal

Of course, this is seen as a big risk for exchanges and brokers. This is the reason the fees are high. If you deposit in US dollars, eToro will let you buy crypto with Paypal for free. If you deposit another currency, you will be charged a foreign exchange fee of 0.5%.

Buy crypto with a credit or debit card

This is the best way to buy cryptocurrency. Because, your transaction will usually be completed instantly. Example: You buy crypto with a debit card at eToro, you get many benefits like instant deposit and all for free. Same goes for credit cards, but the issuer may charge a premium, so be sure to check this yourself.

Buy Cryptocurrencies via Neteller or Skrill

This is a new method to buy cryptocurrency online using Neteller ewallet or Skrill wallet. These two e-wallets are currently being used commonly at the eToro platform with a fee of only 0.5%. If you deposit USD into your account, the fee is waived.

Buy Cryptocurrencies by Bank Transfer

Bank transfer is also the best way for you to buy cryptocurrency through the bank. It saves you more on processing platforms.

You would think you can send money via ACH for free, although the transaction will take a few days to arrive. The bank will support the fee for you but some platforms will charge a fee.

Buy Cryptocurrencies by Yield nodes

Generally speaking, thre are three ways to fund your Yield Nodes account:

  1. Bitcoin
  2. Fiat currency (through payment processors like Transak)
  3. SAPP Shopping Voucher (YieldNode’s partner altcoin)

For the fiat option, YieldNode has integrations with payment processors such as Walleteze to help the fiat-to-crypto onramp process. However, its new partnership with Transak offers an alternative solution with competitive fees and a smooth user experience.

Readmore: How to Buy Crypto with YieldNodes

Buy Cryptocurrencies Safely

When buying cryptocurrencies, the first thing to consider is safety. It’s not just about staying away from unregulated platforms, but also finding ways to stock up on your tokens. Here are some fundamentals on how to buy cryptocurrency safely.

Regulated Broker

When you buy cryptocurrency from a broker that is regulated by a tier one licensing authority. It will be a trusted provider (eToro is regulated by the SEC and registered with FINRA, licensed by FCA, ASIC, CySEC). Binance is the largest cryptocurrency exchange in terms of registered users. But the platform is being investigated by national regulators for its non-consensual activity

Avoid peer-to-peer transactions

There are many temptations to lure you into buying cryptocurrencies on a peer-to-peer basis. This means that you buy your chosen cryptocurrency directly from the seller. As opposed to trading through a centralized exchange.

With this form of transaction, the risk is very high, especially for the buyer. You will then be asked to pay for your purchase first before receiving the token. So you must avoid peer-to-peer transactions.

Check all fees

Learning how to buy crypto safely is about making sure you understand all the fees you pay

Take for example Bitcoin ATMs around the world, they target the average Joe who wants to buy Bitcoin in exchange for hard currency.

Those Bitcoin ATMs usually charge very high fees averaging 10-20%. Usually not displayed as a percentage, instead showing the BTC tokens you will receive for the amount you want to invest.

It will be difficult to realize this for those who do not know much about cryptocurrencies.

On the contrary, if you buy crypto on eToro then you are sure that the platform is transparent about the fees only need to compensate the difference in buying and selling prices about 0.75%

Cryptocurrency wallet

When you want to keep your money safe even in the crypto-currency platform, the e-wallet is the perfect tool of choice. There are two options for investors. One is, find a way to withdraw tokens to a personal wallet (be it mobile or computer). Second, use a regulated broker like eToro, Coinbase or Gemini they can keep your cryptocurrencies safe.

Readmore: What Is a Crypto Wallet? How It Works

Instructions on how to buy cryptocurrency

You need to consider carefully before deciding to invest and see the instructions below:

If you have carefully considered the risks involved and which digital asset you have chosen to invest in, check out our step-by-step guide to investing at eToro.

Using this SEC regulated broker means this allows you to buy crypto on a spread basis from 10$ you can deposit instantly by debit/credit card.

Perform the following steps:

Step 1: Open an account

First, requires you to visit the eToro website and open an account

This process requires you to provide the following information:

– First and last name

– Email address

– Mobile phone number

– Address

– Date of birth

– Social Security Number

Then you need to confirm your phone number. This can be done by entering the PIN code sent by eToro to your phone via SMS.

Step 2: Upload ID

– At the end of the registration, you will be asked to submit your personal ID number.

– This is the standard of regulated brokers, As eToro is required to comply with AML laws set forth by the authorities that regulate it.

– To complete this step does not take too much of your time.

Step 3: Send money

– You just need to deposit some capital into your eToro brokerage account. US customers simply deposit with no transaction fees.

– The methods you can choose are bank transfer, ACH, Paypal, Skrill, Neteller or debit/credit card.

Step 4: Search for Cryptocurrency

– Let’s say, you bought yourself a cryptocurrency and you can complete the investment process.

– For the platform to work, enter the name of the digital asset in the search box at the top of the page.

– Then when you see the token pop up then start “trading”.

Step 5: Buy Crypto from $10

– This is the final step to create an order. In the image below, we are buying $75 worth of Decentraland (MANA) tokens.

– You can invest any amount from 10$ or more.Once you have entered your investment amount – you can complete your crypto purchase by clicking on the ‘Trade’ button Open’.

Conclusion

The above are some How to Buy Cryptocurrency guides that cover the important issues that you need to know to gain the knowledge to invest digital assets safely. Most importantly, do your due diligence before investing in digital assets. Here, wish the investors success!

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