Gradually and relentlessly, Bitcoin and altcoins are getting consideration from more investors all around the globe.
Also, why not? These cryptocurrencies are over and over ended up being a place of protection against government’s inflationary arrangements.
Well you’ve chosen to put resources into cryptocurrency. Notwithstanding, you’re confounded and don’t know where to begin. With such a significant number of choices available, it tends to be hard to pick the best alternative for you. Furthermore, there are heaps of things you have to consider before you begin purchasing cryptocurrency.
Figuring out how to buy cryptocurrency can be a confounding procedure. It doesn’t need to be, however. In this guide, I will give you the responses to all the accompanying inquiries:
• How to buy cryptocurrency utilizing USD, EUR and GBP?
• What is the most ideal approach to buy cryptocurrency?
• Would I be able to purchase cryptocurrency using credit or Debit Card?
Instructions to Buy Cryptocurrency
The way toward buying cryptocurrency has been made significantly less complex in the course of the most recent couple of months. There are five essential factors that you should consider before purchasing cryptocurrency:
1. Area (Geo Location)
To discover how and where you can buy cryptocurrency, it is imperative for you to check your nation’s controls.
2. Payment Method
The most widely recognized and acknowledged payment techniques to purchase cryptocurrency include: credit/debit card, bank exchange or even money. Diverse sites acknowledge distinctive payment methods, so you’ll have to pick a site that acknowledges the payment strategy you need to utilize.
3. Kind of Cryptocurrency
Not all cryptocurrency are accessible for buy on each site. You should discover a site that offers the cryptocurrency that you need to purchase.
4. Cost of Fees
Every site has distinctive charges. Some are shabby, some are not all that modest. Ensure you know how much the charges cost before setting up an account on any site. You would prefer not to waste your time verifying yourself and then discover the charges are too high!
5. How much you can afford
As with any investment, you should never invest more than you can afford. I recommend speaking to a financial adviser first.
A Cryptocurrency wallet is the place you store your Cryptocurrencies after you have gotten them. You can compare a Cryptocurrency wallet with your normal bank account. Similarly that you store fiat currencies like (USD, JPY, EUR and so forth.) in your bank account, you will store your cryptocurrencies in your crypto wallet.
There are a great deal of simple to-utilize and safe alternatives to look over. It is vital that you pick a profoundly secure wallet, as if your cryptocurrencies gets stolen from your wallet, you can never get it back.
There are three sorts of wallets:
Online wallets: The speediest to set up (yet in addition the minimum safety)
Software wallets: An application you download (more secure than an online wallet)
Hardware wallets: A compact gadget you connect to your PC by means of USB (the most secure choice)
The wallet you need will rely upon which cryptocurrency you need to buy. In the event that you purchase Bitcoin, for instance, you’ll require a wallet that can store Bitcoin. On the off chance that you purchase Litecoin, you’ll require a wallet that can store Litecoin.
Luckily here is ACGN Ethereum Wallet we have developed for the same purpose and it is already one of the top 10 Ethereum based wallet on Google Play. Different kind of cryptocurrencies options are available (ERC-20) and the interesting thing is that you can also mine ACGN coin/ Digital Asset CATTs through the app to participate in different platforms of ACG Network Ecosystem. Here is the complete Guide of ACGN Ethereum wallet on ACG Network’s own Blog post to get head started.
Now you have decided which wallet you will be using to store your cryptocurrency in. Now the step is to find out where to buy cryptocurrency and how to pay for it.
How to buy cryptocurrency from Exchanges
Two kinds of Exchanges are there
1) Trader Exchanges
2) Broker Exchanges
Bitstamp (Based in Luxemburg)
Founded in 2011, Bitstamp is one of the oldest cryptocurrency exchanges. You can buy more different cryptocurrencies on Bitstamp than you can on Coinbase. It accepts bank transfer and credit/debit card with EUR and USD.
Also, it charges high fees to purchase small amounts using your credit card. So for beginner I wont recommend this website.
The fees for using your debit card on Bitstamp are 2% if you deposit more than $1,000 but $10 if you deposit less than $1,000. I certainly don’t recommend using Bitstamp to spend just $10!
You can buy Bitcoin, Ether, Litecoin, Bitcoin Cash and Ripple on Bitstamp.
CEX.io (Based in London)
CEX.io is easy to use and very secure, just like Coinbase and Coinmama! The best thing about CEX.io is that it is also a trading exchange. This means that once you have bought your crypto, you can trade it for other cryptos by buying and selling to other people on CEX.io.
Others are as follows. Note: all these exchanges are Fiat to crypto based.
- • Bitfinex (based in Taiwan)
- • Coinspot (Australia)
- • GDAX (operated by Coinbase)
- • Gemini (NY-based, started by the Winklevoss twins)
- • HitBTC (EU)
- • Kraken (based in San Francisco)
Some great Broker Exchange options are as below.
Coinbase is the biggest and most prominent cryptocurrency broker trade. It is secure and acknowledges bank exchange, credit/charge card and PayPal. Their charges rely upon which payment technique you pick, so make certain to check before you pay! Card expenses are the most astounding at 3.75%.
On the off chance that you live in Asia, Africa or South America, you presumably can’t utilize Coinbase. It is for the most part just accessible in Europe, Australia and North America — you can see a full rundown of the accessible nations here.
Coinbase charges likewise rely upon your area, so make certain to look at here to discover how much the expenses are the place you live.
The greatest preferred standpoint with Coinmama is that it enables clients from any nation to purchase and offer cryptocurrency. It is anything but difficult to utilize, and it is exceptionally trusted — it was established in 2013!
It allows you to utilize Mastercard as your payment method, however it charges 6% to do as such. That is significantly higher than the 3.75% that Coinbase charges!
And also being accessible in relatively every nation, Coinmama has another enormous favorable position: it acknowledges each nearby fiat currency!
You can just purchase Bitcoin and Ether on Coinmama.
Binance (based in Shanghai/Hong Kong)
• Bittrex (US-based, started by the Winklevoss twins)
• Cryptopia (New Zealand)
• Kucoin (Hong Kong)
• Poloniex (US-based)