There are several ways to buy cryptocurrencies. You can either go with a regulated exchange, such as Coinbase, or you can buy cryptocurrencies directly from a cryptocurrency exchange like Binance. The platform that is best for beginners is regulated, but it is important to do your research before investing. The best cryptocurrency exchange is one that is easy to navigate and offers a variety of different cryptocurrencies. In addition to being regulated, some platforms also offer customer support, which can be invaluable.
Using a credit card or a debit card is the easiest way to buy cryptocurrency online. Credit cards can sometimes charge a premium for this option, so you may want to look into the rates before choosing a credit card. Alternatively, you can use e-wallets, which typically charge a 0.5% fee. eToro, for example, accepts payments through bank transfers and credit cards. However, you should know that you can also use PayPal to purchase cryptocurrency through eToro.
Review sites are a great resource for buying and selling cryptocurrency. They break down the ins and outs of each exchange, enabling you to make an informed decision about which platform is right for you. Not only can they help you choose a broker that will provide you with low fees and great customer service, but they can also help you avoid scams and bad actors. The top platforms are Instaforex, Kraken, Gemini, and Binance, each with their own set of benefits and drawbacks.
A popular exchange for buying and selling cryptocurrencies is eToro. Unlike most other exchanges, you do not need to register to use eToro. There is no KYC required, and you can buy Bitcoin with a credit card. eToro has an in-built digital wallet, and you can also buy NFT tokens with Ethereum. These two platforms make buying and selling cryptocurrency easy and convenient.
While cryptocurrency has become extremely popular in the past few years, not all of the digital assets have performed so well. Many have undergone huge losses in their token value. However, the massive returns are enough to convince most people to purchase cryptocurrency. For example, in 2015, Ethereum was only $0.75 and has since hit highs of $4,900 by 2021. Assuming this continues, it is likely that most people will seek out eToro as their platform of choice.
Unlike traditional investing methods, cryptocurrencies are highly volatile. Regardless of which cryptocurrency you choose to invest in, the key is to use a reputable and trusted exchange that provides an extensive selection of cryptocurrencies and a comprehensive platform for trading. Choosing the best exchange for buying cryptocurrency will depend on your preferences and your goals. A value-driven investor will likely favor small-cap coins, while a future-oriented investor will choose a larger-cap coin.
The best platform to buy cryptocurrency is one that offers both fiat and crypto-backed payment methods. If you’re in the US, eToro will accept a debit or credit card as payment. A minimum deposit is $50 for US residents, and $200 for international traders. It accepts numerous payment methods, including debit cards, PayPal, Neteller, Skrill, and more. If you’re not sure which cryptocurrency exchange to choose, check out our list of top cryptocurrencies.