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Simple Guide to Buying Cryptocurrencies
Most people have heard about crypto through their friends or social media, one of the first obstacles facing newcomers is "How to buy crypto". There are many different guides on the internet but none of the ones we've found cuts straight to the point, so we're creating the "Simplest Guide to Buy Crypto" out there.
There are 3 main ways one could use to get their hands on some crypto, here they are with their Pros and Cons:
1 - Crypto Exchanges
This is the most efficient way to buy crypto, through specialised cryptocurrency exchanges. Some of the most famous ones are:
They have the lowest fees in the industry when compared to any other option; as low as 0.01%. However, that comes at a cost of speed as there is a small process: create an account with the exchange, get verified and then do a bank transfer. Depending on where you're from that process could take as little as one hour.2 - Fintech Companies
Certain existing companies now offer users the ability to buy and sell cryptocurrencies on their platforms, though their fees are higher than crypto-exchanges. The most famous two options are:
The cryptocurrencies you buy there cannot be transferred elsewhere (i.e. to an external wallet/cold storage).3 - Buy Crypto with a Card
These are often sought after because of the speed but they come at a hefty cost (~3%+ fee). Some of the platforms that offer users the ability to buy crypto with a card are:
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