The rise of cryptocurrencies made headlines in 2017, and the market exploded. Whether you’re just a newbie or have an extensive knowledge of financial matters, you can purchase some of the most popular cryptocurrencies with the help of a guide. In January 2018, Bitcoin, the largest digital currency by market cap, reached $20,000 in value. This is a tremendous increase from $750 in January 2017.
Before you start buying cryptocurrencies, you must first establish an account. There are many exchanges that accept bank accounts, and some also accept credit cards. You should deposit a small amount that you are comfortable with. This will give you the opportunity to learn how to buy cryptocurrencies before committing to a large amount.
The fastest way to buy cryptocurrencies is through an online exchange. The largest exchanges, like Coinbase, offer a variety of payment methods, including PayPal. You can also make your purchase at a Bitcoin ATM. Once you have your account, you will need to store your cryptocurrency somewhere safe. There are many different types of wallets available on the internet, and you should pick one that best meets your needs.
Coinbase is a popular exchange that offers an easy-to-use platform for buying cryptocurrencies. It supports a wide variety of coins, is easy to use, and ultra-fast. It has mobile and web apps, and offers both custodial and non-custodial wallets. Another popular cryptocurrency exchange is Kraken. It’s one of the oldest exchanges in the United States, and is highly regarded for its security.
