Are you new to cryptocurrency investing? Want to buy Bitcoin, Litecoin, and other popular coins? Need to learn what a wallet is and how to secure it?
Don’t worry, we’ve been in your shoes too. That’s why we’ve made this comprehensive guide covering all things buying crypto safely, so you have time to educate yourself and make informed decisions.
Crypto Exchanges
There are two main types of cryptocurrency exchanges: centralized and decentralized. The most popular type of exchange is the centralized exchange, a stock trading platform.
This is how people buy and sell Bitcoin with fiat currencies like USD, GBP, Euros, etc. If this sounds too complicated, check out our other guide here on buying Bitcoin using your credit card!
They’re also sometimes called “regular” or “traditional” exchanges because they look like traditional stock exchanges (like NYSE). They allow users to trade between cryptocurrencies, fiat currency (e.g., USD), and other assets such as stocks or commodities like gold bullion.
There are many different types of traditional crypto exchanges. Most people will use one that allows them to deposit funds into their account through a bank transfer rather than making purchases using PayPal or another payment provider like BitPay or Coinbase Commerce, which don’t require registration at all but have much lower trading limits.
Fintech Apps
Fintech apps are a great way to buy cryptocurrency. They’re fast, easy to use, and safe. They also come with many other benefits you may have yet to consider.
Stockbrokers
Stockbrokers are a great option for buying Bitcoin. Stockbrokers, like Robinhood and TD Ameritrade, are regulated by the SEC (Securities and Exchange Commission). This means that they have higher levels of security than other options such as Local Bitcoins or P2P exchanges.
They’re also much safer than non-licensed marketplaces where buyers trade directly with one another or on peer-to-peer platforms like LocalBitcoins. In these cases, fraud is more common because no third party is involved in verifying transactions between two parties who may not know each other well enough to trust them with their money.
Peer-To-Peer Transactions
The best way to buy Bitcoin is through peer-to-peer transactions. This means you buy Bitcoin directly from someone else, typically in person or online. Peer-to-peer transactions are one of the main ways that Bitcoin has been able to grow so quickly over the years since Satoshi Nakamoto created it in 2009.
Peer-to-peer transactions are so popular because they allow you to buy as much or as little cryptocurrency as you want without worrying about going through a bank or exchange like Coinbase or Gemini. Compared with other methods for buying cryptocurrencies (like mining), peer-to-peer purchases are cheaper and faster too!
You’ve read the basics of buying Bitcoin, but do you know the safest way? The answer is simple: Buy from a reputable online payment company.
Take your time and research as much as possible about how each website works before signing up with them or sending money over the internet. It’s better to be safe than sorry!
