How to buy cryptocurrency?

Started by seocyrusjpr, Jul 19, 2022, 02:39 AM

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seocyrusjprTopic starter


I am interested in purchasing multiple types of cryptocurrencies but I am unsure where to do so. Can anyone offer guidance on how and where to buy crypto?

I came across a website called which offers a wallet allowing for currency exchange. Has anyone tried it out?

Another website I found is

Am I heading in the right direction? :)

For Bitcoin and Bitcoin Cash, I currently use a wallet provided by Webmoney which is convenient for exchanging and withdrawing.

Do you know of any reputable resources for purchasing diverse cryptocurrencies?

Novel Web Solution

The exchange services are the simplest method to purchase cryptocurrencies. These platforms provide information about sales turnover and exchange rate for the specific cryptocurrency you wish to buy.

Alternatively, you can use multi-currency light wallet which includes a built-in shapeshift exchanger. This allows you to buy the desired cryptocurrency directly from your wallet at the present exchange rate. The wallet supports various cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, Dash, Zcash, Ethereum, and Ethereum Classic.

nikola Kras

Digital assets can be invested in through various methods.

One of the simplest ways is through crypto exchanges. To do so, one must create an account and transfer funds into it. It should be noted that a 3-5% commission is charged for depositing funds.

Another means of purchasing cryptocurrency is through an exchanger. These platforms allow for the purchase of Bitcoin and other digital assets via bank cards, electronic payment systems, and even cash.

Generally, commissions on exchangers are lower than those on crypto exchanges - usually around 1-3%. However, after buying the coins, you will still need to create an account on a cryptocurrency exchange or wallet to store them in. ;D


It is better to buy cryptocurrency on the most popular exchanges in the world, where you can also trade currency like stocks. They have their own personal wallets, but they are not a stronghold of security. Ideally, buy an external flash drive wallet that is not hackable, but I use the wallet on the website for my needs


Personally, I use two ways to buy cryptocurrencies.
1. I buy with a credit card on Moonpay ( ) It's simple enough, but I can't place a buy or sell order. You will have to buy only at the current rate.
2. I use p2p trading on exchanges. I like this option more, because all the functions of spot trading open up in front of me


P2P exchangers, like LocalBitcoins, are an easy way to exchange cryptocurrencies. Advertisements for buying and selling digital assets are posted on the site, allowing users to choose favorable exchange rates for conducting transactions. This method can quickly exchange digital money for fiat and vice versa.

It is important to remember that bank transfers may be canceled in this case, meaning there is a risk of losing your bitcoins or other altcoins. Therefore, it is best to use escrow accounts that hold funds until the transaction is complete.

LocalBitcoins requires verification to withdraw funds, so anonymity cannot be guaranteed. The platform will request personal information, including passport data.

Centralized exchanges are another option, although KYC and AML procedures are necessary. Liquidity problems may arise on the site, but transactions will likely occur immediately if this is not the case. It is safest to withdraw funds to third-party services, like hardware wallets, rather than keeping them on the exchange.

Many cryptocurrency wallets also offer buying and withdrawing funds, but fees for these services can be high. Verification procedures may also be necessary. Applications can also offer these services, but it is important to choose reliable and trusted options.

Finally, private exchangers are the most straightforward but also the most dangerous way of exchanging funds. These services may under-value cryptocurrency for purchase and over-value it for sale, and there is no guarantee of receiving the closest price to the average market value.


When looking for a platform to buy cryptocurrencies, it's important to consider factors such as reputation, security measures, fees, available currencies, user experience, and customer support. It's also advisable to do some research and read reviews from other users before making a decision.

Some popular and reputable platforms for buying cryptocurrencies include Coinbase, Binance, Kraken, and Gemini. These platforms often have a wide range of cryptocurrencies available for purchase.

Additionally, some wallets, like Exodus or Trust Wallet, also offer in-app cryptocurrency exchange services, allowing you to buy different cryptocurrencies directly within the wallet.

Remember to always exercise caution when dealing with online platforms and keep your cryptocurrency holdings secure by using strong passwords and enabling two-factor authentication.

Ultimately, it's essential to choose a platform that aligns with your needs and provides a safe environment for your transactions.

few more reputable resources for purchasing diverse cryptocurrencies:

1. Kraken: Kraken is a well-known cryptocurrency exchange that offers a wide variety of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, and many others.

2. Binance: Binance is one of the largest cryptocurrency exchanges globally and offers a vast selection of cryptocurrencies. It's known for its extensive list of trading pairs and competitive fees.

3. Coinbase: Coinbase is a popular platform that supports multiple cryptocurrencies and provides a user-friendly interface. It also offers a secure wallet for storing your digital assets.

4. Gemini: Gemini is a regulated cryptocurrency exchange that emphasizes security and compliance. It offers a range of cryptocurrencies and provides institutional-grade custody services.

5. Bitstamp: Bitstamp is one of the oldest cryptocurrency exchanges and offers various cryptocurrencies for trading. It has a solid reputation for security and reliability.