How to Buy Cryptocurrency
How to Buy Cryptocurrency
We will also be taking a look at the industry as a whole, how you can safely store your crypto, and so much more How to Buy Cryptocurrency – Where to Buy
Cryptocurrency is one of the hottest topics that is discussed on a global scale these days. With that said, most of the headlines are dictated by those who are making crypto investments as opposed to the underlying technology. That’s what we will be focusing on – how you can get started with purchasing cryptocurrency. In addition to needing to live in a country where crypto is regulated, you must also meet the minimum investing age too. Assuming there are no worries on that account, you can set up online investment accounts within minutes.
Many crypto investment platforms let you choose from over 100 different cryptocurrencies these days too. Of course, this includes the gladiators of the space like Bitcoin, Ethereum, Litecoin, Cardano, Solana, and many others. However, we won’t just be talking about how you can invest. We will also be taking a look at the industry as a whole, how you can safely store your crypto, and so much more.
Choose a Broker or Crypto Exchange
Globally, there are a growing number of platforms to choose from when it comes to investing in cryptocurrency. Naturally, different platforms are run by different entities, but they don’t all operate in the same way. Platforms like wallets, exchanges, and brokerage sites all work in their own unique ways, and each has its own set of strengths and weaknesses. But for the purposes of this piece, we’d like to highlight one of these platforms that have far more strengths than weaknesses.
HeraldScotland: eToro – visit here
67% of retail investor accounts lose money when trading CFDs with this provider
For those that haven’t come across eToro before, this is a brokerage site that has gained significant popularity in many jurisdictions. eToro is hugely popular with younger investors thanks to benefits like zero commission trades, optional social trading, educational tools, and a growing number of supported cryptos. On top of this, eToro has a professional mobile app that you may download for iOS or Android, allowing you to take your investment activities on the move.
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Pros
Plenty of payment methods supported
Fee-free investing
Currently used by millions of investors
Cons
Inactivity fees do apply
Withdrawals can also incur fees
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67% of retail investor accounts lose money when trading CFDs with this provider
FAQs
Can I buy crypto in any country?
No. You can only buy crypto in countries where this has become an approved and regulated asset class. Places like the UK, Australia, the USA, and most European countries are prime examples. So you can purchase crypto without any legal concerns in those locations.
Is there a limit to how many cryptocurrencies I can buy?
No, there is no limit as to the number of cryptos you can own at any one time. There are hundreds of cryptos to actually buy these days too, so it’s fairly easy to diversify your portfolio. With that said, certain platforms might limit the number of coins you can purchase for a single transaction.
Can I buy crypto without ID?
No. When you open an account at a regulated investment site, you must verify your ID as soon as possible. Only when a site has confirmed your ID will your account be verified, and from here you will then gain access to all investment products a site might have.
Can I buy crypto instantly?
Absolutely. After you’ve opened up a new investment account and funded it with a supported method, you can instantly execute a purchase order.
