Best Place To Buy Cryptocurrency

If you are looking for the best place to buy cryptocurrency, this article was written for you.

Are you new to cryptocurrency and are wondering where you can buy your first coins?

Well, you can relax now because I have put together everything you need to know to get started.

How To Find The Best Place To Buy Cryptocurrency

Before you can get started, it is important for you to understand that there are basically 2 ways to buy cryptocurrencies such as Bitcoin and other coins and tokens (i.e. altcoins).

Cryptocurrencies can be bought from somebody else who owns them or from an exchange.

Bitcoin, the original cryptocurrency was intended to be a true peer-to-peer electronic payment system. Therefore it makes sense that Bitcoin can be send directly from one person to another without the need for a third party such as a bank, a payment processor or even an exchange.

However, the process can be a little bit intimidating especially when it’s done for the first time.

It might be easier to buy your first cryptocurrency from an exchange.

To determine which exchange is the best place to buy cryptocurrency for you, you need to decide which specific coin or token you want to purchase.

That’s important because different exchanges have different coins listed.

Once you have decided which crypto you are interested in, you should have a list of all exchanges that have that coin or token listed.

This list can now be further narrowed down as not all exchanges are open for registrations to residents of all countries.

In order to find the best place to buy cryptocurrency for your specific requirements only select those exchanges that allow you to register.

To narrow the list down even further, I suggest that you take the following aspects into consideration:

1. Ease of use (user-friendliness) of the exchange
2. Fees
3. Security/Safety

Lets look at these aspects in more detail.

Ease of use is probably a more subjective aspect.
I find for myself that I enjoy using some exchange more than others because I find their user interface more intuitive to use.

I suggest that you simply look at the interfaces of the exchanges on your list to get a feel for them.

When it comes to fees, you might be surprised to hear that fees can vary dramatically from exchange to exchange.

It pays to look around to find a good deal.

You will most likely have to pay fees for buying and selling crypto currencies as well as for withdrawing cryptocurrencies and fiat currency.

Some exchanges even charge for depositing of fiat currency.

Some exchanges don’t allow the deposit or withdrawal of fiat currencies. To get started, I suggest that you only consider exchanges that allow you to (at least) deposit fiat currency.

Finally, you need to consider how save your funds are on the exchange.

Cryptocurrency exchanges can be located anywhere in the world and might be regulated by different jurisdictions.

In order to keep your funds safe, the exchange should store most of the crypto coins and tokens in cold storage.

Your account should also be protected, e.g. using 2-factor authentication and email encryption.

And that’s it!

Now you know everything you need to know in order to find the best place to buy cryptocurrency.

Enjoy.