Cryptocurrency Purchases

When you make up your mind to get involved with cryptocurrencies, the first step you must take is to buy the coins. As it is with every other investment, you must first have access to the tender and then use them to achieve success with your finances.

The most common place to buy crypto coins and trade with them is on an exchange. Exchanges are the places where you buy and sell crypto using fiat currencies, and there are various ways to ascertain how reliable the transaction is as well as its liquidity, spread fees, purchase and withdrawal limits, security, insurance, trading volume and user-friendliness. One of the very best exchanges you can use is Coinbase; it has a very user-friendly interface you can rely on when making a purchase. For you to transfer crypto coins from exchanges to your hardware wallet for long-term storage, you must do easy straightforward steps.

Make sure that you send only little amounts to test if the purchase process works before posting in bulk. If an error occurs in the process and you send huge sums, you might lose your coins and never regain them. There might be a small transfer fee charged at this point.

Some banks no longer allow users to utilize their credit card for crypto purchases, but there are still available options through which you can buy coins. If you are going to use Coinbase, you must first create an account and verify your identity then buy coins using your debit card.

Coinbase also has another company known as GDAX; a platform that gives users another idea of how crypto exchanges work. The platform has an intuitive interface with charting tools and trade history. These are the tools you will need as a trader to make sure you get the best out of your trade.

Bitfinex is a viral exchange that became popular in 2012; the website has been considered as the most advanced cryptocurrency trading platform currently. With an app that can be used by Android and iPhone, this exchange boost of three key features; exchange training, margin funding and margin trading.

Robinhood is quite a unique exchange that has a zero-fee feature and a very easy to use the platform. You can buy Bitcoin and Ethereum from your phone with no trading fees.

OKEx is very popular because it supports more than 145 cryptocurrencies. The platform has its cryptocurrency known as OKB, and it has experienced over $1.5 million in bitcoin future daily. This is one of the most trusted global cryptocurrency exchanges in the world.

Binance is one of the world biggest cryptocurrency exchange comprising wallet, labs, charity info etc. Binance has got its coin referred to as BNB, and it comes at a discount when there is a crypto-to-crypto payment.

Bitmex is a premier Bitcoin exchange that is based in Hong Kong; it is also the largest cryptocurrency according to market capitalization. According to reports, Bitmex has done over 2 billion USD transactions within 24 hours. The fact that it is an exchange that is easy to use makes it quite attractive for users and investors.

Purchasing cryptocurrencies is a step that makes you a full investor in crypto coins. You must have lessons from consistent trading that will aid your experience on this journey. While you trade huge amounts on trusted exchanges, test the other exchanges with little quantities until you are sure of their security and integrity.