How to buy cryptocurrency

cryptocurrency // how to buy

How to buy cryptocurrency

Bitcoin logo placed in front of a cryptocurrency trading platform

In order to send and receive cryptocurrencies, you need a wallet. I strongly suggest you use Coinbase to buy, since it is the most used and the safest website when it comes to buying cryptocurrencies. If you buy from this referral link you get $10 for free if you buy or sell at least $100 within 180 days of opening your account.

Beside BTC, you can choose to buy some other cryptocurrencies such as Ethereum (ETH), Litecoin (LTC) or Bitcoin Cash (BCH). They accept all kinds of cards and you can also link your bank account if you wish to do so, this allows you to convert your cryptocurrency holdings back to USD (or EUR and many other currencies) and have it deposited in your bank account directly.

The buying process is straightforward and the instructions on the website are very clear. Once you have verified your account, you only need to choose how much BTC to buy and that’s it.

The general advice in the cryptocurrency community is to start by investing about $200-$300 in order to be able to see some gains right away, but of course it is up to you to choose how much you want to invest. You can invest thousands of dollars as well as $20 or lower.

Keep in mind that, if you invest too little, you will be spending time trading cryptocurrencies only to make a few bucks. Additionally, if you buy too little you may end up not reaching the minimum trading amount needed to buy other cryptocurrencies.

Again: never risk more than you are willing to lose.

Now you have some BTC, what’s next? How can you trade altcoins?