Interested in starting your own crypto venture but don’t know much about the crypto world? Well, you have landed in the right place. We have gathered some important information that is going to be helpful for you. Let’s find out what you need to do and consider:
How to Invest in Digital Currencies
The market is full of new exchanges and giving them a shot may cost you dearly. Exchanges are the best and most popular way of purchasing digital currencies. However, you would need to choose the best and reputed crypto exchange to stay on the safe side. You need to make sure the crypto exchange you are thinking to use shouldn’t be banned in your location. If so, look for other ones that are licensed to operate in your country. However, the following are the most reputed crypto exchanges: Coinbase, CEX.io, Binance, and more.
First off, you would need to open an account on any of your favorite crypto exchange and then you can buy cryptocurrency. Since not all cryptocurrency exchanges are the same, the account creation process may differ from one exchange to another. However, it’s quite similar to creating an account on any social media platform. The following are the safe crypto exchanges that you can go with:
Founded in 2012, Coinbase is a fully licensed and regulated crypto exchange supporting all US states except Hawaii. Initially, Coinbase allowed only BTC trading but later began accepting other cryptocurrencies meeting its criteria.
Binance is the best choice for non-US users. Although Binance started a lot later than Coinbase, the popularity it has gained over time is remarkable. It offers over a hundred different trading pairs between different crypto coins. The exchange also offers crypto-fiat pairs as well. Binance was founded in 2017 with a big focus on altcoin trading.
James has been a crypto enthusiast for a year. He’s an avid watcher of all the latest developments in the space, and enjoys predicting what will happen next with his favorite coins.
He lives in his hometown of New York City with his wife and two sons. His hobbies include watching movies, playing basketball, and reading about how to survive disasters that may occur from climate change or an asteroid impact!