How to Buy Digital Currencies
How to buy cryptocurrencies There is a difference between buying/selling cryptocurrencies on an exchange and trading cryptocurrency CFDs on a CFD platform. Both activities are carried out with the aim of making a profit by trading in the cryptocurrency market, but the processes involved are completely different. This article describes how to buy and sell cryptocurrencies, as well as how to trade cryptocurrency CFDs.
Contents
1 How to buy cryptocurrency
2 What are digital currencies?
3 Buy digital currencies
4 LocalBitcoins website
5 Kraken platform
6 Binance platform to buy digital currencies
7 Bitmart platform
How to buy digital currencies
Buying digital currencies, by creating a digital wallet through one of the trusted platforms.
Because there are different exchanges that allow the investor to buy or trade currencies to keep in your portfolio.
Once the wallet is created, you can hold the virtual currency until it is ready to be sold in the hope that its price will rise to acceptable levels.
The investor should also be careful, as cryptocurrency prices are volatile nowadays.
With high waves of ups and downs, so the best advice in this part is to buy a bunch of virtual currencies for investment purpose.
What are digital currencies?
Cryptocurrency is a type of currency that is only available in digital form, and has no physical existence.
It has similar characteristics to physical currencies, but allows instant transactions and unlimited transfers of ownership.
Examples include virtual currencies, cryptocurrencies, or even “digital currency” issued by a central bank.
Like traditional money, these currencies can be used to purchase goods and services.
But it can also be limited to certain communities such as use within an online game or social network.
A digital currency is a financial balance that is recorded electronically on a stored value card or other device.
Another form of electronic money is network money.
It also allows transfer of value to computer networks, especially the Internet.
Electronic money is also a claim on a private bank or other financial institution like a bank deposit.
Investing by buying and selling cryptocurrencies is a high-risk investment due to the extremely fast fluctuations that occur in the trading market, but as far as the risks are the rewards.
For example, today someone buys Bitcoin at its current price of $36,000.
After half an hour, its price may rise to 40,000 dollars, and thus the buyer will earn 4,000 dollars from that deal.
How to buy digital currencies, there are many platforms that provide this possibility, and some of them offer direct buying and selling, that is, through a trading platform.
There are those who act as intermediaries between you and sellers of bitcoin and other cryptocurrencies.
Buy digital currencies
The world of cryptocurrencies is still a bit mysterious for the majority, so in this article we will explain how to buy cryptocurrencies and store cryptocurrencies and we will make a list of the most popular and easiest sites where you can buy cryptocurrencies easily and easily.
In order to successfully buy Bitcoin, Ripple, Ethereum or any currency you want, you must first:
*. Open an account on any trading platform.
*. You have a visa and passport to activate your account
LocalBitcoins website
How to buy cryptocurrency at LocalBitcoins is a cryptocurrency buying and selling exchange platform.
Which means you are buying from someone who lives in your country. The beautiful thing about this site is that it guarantees you your money even if you send money to a broker who sells bitcoins on this site because the site guarantees your money.
But beware that you buy from him through communication, but the purchase order process must be documented …
The steps are a purchase order, specifying the quantity, and then talking to him. His bank account is determined and the money is transferred to him.
After registering and activating your account, go to the home page.
Click Buy Bitcoins to buy Bitcoins and for Sell click Sell Bitcoins.
Then now choose the name of the country and click on all offers online.
Open the option and choose the local transfer, which is the national bank transfer.
You will enter the list of brokers. After clicking Buy, you will be taken to the seller’s page
Then select the number of bitcoins you want to buy, or select the amount you want to buy, type anything to the seller, and submit the purchase order
The site will also hold the bitcoin so that the seller cannot transfer it outside the site.
Kraken platform
It is one of the best platforms for securing the choice of how to buy and store cryptocurrencies.
Such as: Ethereum (ETH), Ethereum Classic (ETC), XRP, Litecoin (LTC) and others, in exchange for each of the US dollars, the Canadian dollar, the euro, the British pound, or the Japanese yen.
The platform also supports the following fiat currencies: US dollar, Canadian dollar, euro, pound sterling or Japanese yen.
The platform supports more than 25 cryptocurrencies, which you can discover by clicking on the word finance on the platform’s website.
The platform has also received a huge demand from customers and users, due to the number of currencies most in demand on the platform.
Transaction and purchase fees are relatively low.
Supports 9 international languages, but unfortunately the Arabic language is not supported.
Binance platform for buying cryptocurrencies
How to buy cryptocurrencies on Binance is easy to use and secure. The Binance team has a strong track record in the cryptocurrency and finance space in general.
Also, Binance has a huge selection of coins available and Binance focuses on listing new altcoins often before other exchanges are cheaper.
As Binance is the place to buy and store cryptocurrency online and the transaction fees are very cheap.
You have two options to buy the cryptocurrency you want, either through someone from whom you buy the currency directly or buying it with a MasterCard or Visa bank card through the option:
*. Buy directly from a friend or third party, copy your wallet and send it to the party.
*. To purchase with your Visa or MasterCard, click on the company logos.
Bitmart platform
How to buy cryptocurrencies at BitMart is a global trading platform created by cryptocurrency enthusiasts in 2017.
BitMart Corporation also has offices all over the world but is registered in the Cayman Islands.
The platform provides spot trading, off-platform trading, futures trading and other services for digital assets.
The team makes it a priority to provide safer, smoother and faster trading. Hoping to become one of the best digital asset trading platforms globally.
BitMart is liquid as BitMart’s 24-hour trading volume was over $600 million that day.
This number places BitMart in the top 20 exchanges for 24-hour trading volumes.
BitMart is easy to use and well set up.
Also BMX Token is a very good addition and they follow the very successful Binance model where you can earn fee money for holding the token.
Moreover, they also used a buyback model where the value of the BMX token should increase over time, providing an incentive to hold it.
BitMart has great potential but is facing an uphill battle to become more stable like Binance, Kucoin and other exchanges as well as the emergence of decentralized exchanges which are growing in popularity and user base.