You must have heard about how people have made millions of dollars in cryptocurrency. It is surprising how Bitcoin’s value has received a surge from $0 in 2009 to about $51,400 as of February 2021.
What Exactly is Crypto?
Crypto is a decentralized digital or virtual currency that uses blockchain technology called cryptography to secure it.
How can You Buy Crypto?
You can purchase cryptocurrencies using different currencies such as USD, GBP or Euro. However, many platforms continue to include other local currencies based on customers’ nationality.
Here are 7 ways to purchase cryptocurrencies
Using SOFI Invest
SoFi Invest is arguably the best place to buy cryptocurrencies such as Bitcoins, Ethereum, and Litecoin with low fees of up to 1.25%. According to experts at SoFi Invest, you can buy cryptocurrencies and invest in over 200 instruments on their platform.
SoFi Invest provides a secure digital wallet to all its customers to ensure that you get started even with little knowledge about cryptocurrency. The platform also allows users to trade on the web or via app uninterrupted 24/7 and withdraws their earnings at any time.
Coinbase is a popular crypto broker for people in North America, Europe, and Australia. The platform allows users to buy Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Atom, Dogecoin, and eleven cryptocurrencies.
Coinbase charges a 1% trading fee and a 3.75% fee on credit card deposits. The platform also offers mobile and web services for the users.
The platform acts as a currency store and as a digital wallet. Robinhood offers seven cryptocurrencies, including Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dogecoin, Bitcoin SV, and Ethereum Classic.
The platform offers desktop, web, and mobile services.
The platform allows credit and debit card purchases in nine different currencies. However, charges can rise to 6% on credit card payments. Coinmama allows users to purchase Bitcoins, Ethereum, Bitcoin Cash, Litecoin, Ethereum Classic, Cardano, and Qtum.
This platform is available in almost every country globally and allows payments in local currencies.
CEX.io is a trading exchange platform for crypto. It allows trade through credit card payments, bank transfers, or cryptocurrencies in USD, GBP, EUR, and RUB. You can purchase Bitcoins, Ethereum, Zcash, Bitcoin Cash, and Dash.
The trading fees range from 0.1% to 0.2% per transaction. Deposit and withdrawals are from 1% to 5%. The platform is available for users in the UK and USA.
Kriptomat acts as a crypto exchange or crypto wallet platform. Payments are in credit card and through bank transfers. The platform allows trade in Bitcoin, Ethereum, Ripple, and EOS.
It also allows users to trade crypto at 1.45% and zero charges for withdrawals.
It offers Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and DASH. Etoro allows users to practice crypto trade with their demo account.
The trade fee for Bitcoin is 0.75% and is higher for other currencies.
Although cryptocurrencies are highly volatile, trends have shown that they continue to gain value over the years. Purchasing cryptocurrencies is the first step to trade digital currencies and make money through speculation.