investing in cryptocurrency

[rikka.t]

hi, please advise an application for trading and tracking your crypto portfolio

[Isimarin99]

You can invest in cryptocurrency by buying it from one of the leading crypto exchanges such as Binance, Coinbase, Bitmex, Bitfinex, OKEX, Kraken, Bitstamp, Bitpanda, GDAx, and many more. These exchanges allow you to buy your preferred currencies such as Bitcoin (BTC) and Ethereum (ETH) with a debit card. These exchanges charge a fee for each transaction.

In the case of the most popular crypto, Bitcoin, you can also buy its fractions so that smaller investors are also able to make purchases and yet don’t have to invest thousands of dollars to get in the game.

In case, you are interested to buy altcoins, you can’t buy them with dollars, euros, or other paper money (usually called fiat money by the crypto enthusiasts). To buy altcoins, you would need some BTC or ETH. However, this general rule may change in the future.

However, there are also websites such as LocalBitcoins that help you to buy and sell cryptocurrencies directly with other users. However, this mode is a bit risky as you’ll never be able to verify the stranger’s currency directly. If you are a newbie in the cryptocurrency market, the way way to invest in cryptocurrency is through a crypto exchange.

Bitcoin ATMs are also getting popular nowadays. They are now available in more than 76 countries across the globe. You can buy Bitcoins from these ATMs and send them to your crypto wallet. Some of the best crypto wallets are Exodus, Electrum, Mycelium, Ledger Nano X, Trezor Model T, Ledger Nano S, Coinbase software wallet, and many more.