How to buy Crypto 2020?

0 27
Avatar for RC.brielle
4 years ago

Wanting to buy cryptocurrencies but don't know where to start or buy? Read well this article and you will find the answers you're looking for.

Buying any cryptocurrencies usually involves 3 steps.

  1. Researching your cryptocurrency before buying

  2. Using a compatible wallet

  3. Buying your actual coins.

Research

Whether you know the cryptocurrency you want to buy or still debating, it is highly recommended to do extensive research before investing your money. Sometimes, a certain coins got a lot of hype but once you research of it, you'll find out that is not a wise investment to take.

Aside from googling the information about a coin, you can use https://coinmarketcap.com and https://www.coingecko.com/en to start. This site list all available cryptocurrencies and supplies detailed information about each one of them aside from their price.

Here are some list of the top sites wherein you can do research for a crytocurrencies

  1. Coinmarketcap

  2. Coindesk

  3. Cointelegraph

  4. CCN

  5. Blockonomi

  6. News.bitcoin

  7. Bitcoinist

  8. CryptoSlate

  9. Cryptovest

Crytocurrency Wallet

Once you've chosen what coin will you invest your money, it is time to choose your wallet.

Cryptocurrency is a digital asset which is stored in a program called wallets which are installed in computers or mobile phones.

Some cryptocurrencies needs a certain wallet but most wallets can store different types. Make sure that the wallet you will use is supports your coins that you will buy.

If you are looking for added security, it is highly recommended to use hardwallets. It is a physical device that connects to your computer and stored you cryptocurrency offline away from hackers.

Once you have your wallet you need to find your cryotcurrency wallet address for receiving payments . Each different coins have a different wallet address which looks like a long string of letters and numbers.

Here are some list of the best cryptowallets

  1. Ledger Nano S 5

  2. Trezor One

  3. KeepKey

  4. Trezor Model T

  5. Guardia Wallet

  6. Citowise

  7. Exodus

  8. Infinito Wallet

  9. Jaxx Liberty

  10. Electrum

Buying your coins

Finally you can buy your coins on an exchange platforms. Not all exchnages sells cryptocurrencies.

In buying multiple type of cryptocurrencies, it is highly recommended to use an exchange that supports all listed cryptocurrencies.

Here are some types of trading platforms

  1. TradeStation - Best Trading Platform

  2. Coinbase - Best Crypto Exchange

  3. eToro - Low Fees

  4. Kraken - Maker-Taker Fee Schedule

  5. Bittrex - Most Altcoins

  6. Gemini - Offers Gemnini Dollar

  7. Robinhood - Best Mobile App

Buying Crytocurrencies is a gamble. It is a gamble because of their high volatility. So before investing, you must know first what you can afford to lose.

Good Luck to your Cryptocurrency Journey. I hope my article gave you some aignificant information!

God Bless!

Sponsors of RC.brielle
empty
empty
empty

6
$ 0.00
Avatar for RC.brielle
4 years ago

Comments