Buying cryptocurrency in 2022 is getting easier and easier. The number of sites offering the purchase of cryptocurrency has increased dramatically in recent years, there are several dozen of them. However, you must carefully choose the platform on which you will buy them, according to several criteria: available means of purchase, commissions, cryptocurrencies available for purchase, exchange volume, etc.
- The first step is to register on the platform.
- It will then be necessary, for the most part, to verify your identity.
- You can then deposit funds using a card, PayPal, or bank transfer.
- Select the cryptocurrency you want to buy.
- Place orders to turn your money into cryptocurrency.
What cryptocurrencies to buy?
It’s hard for you to make this decision. You must make this choice in your soul and conscience, not to be influenced by yourself. Do your own research to determine if the project is interesting to you. Many projects will disappear in the coming years, so you need to choose your cryptocurrencies well and keep a close eye on their evolution. At the time of writing this article, there are over 10,000 different cryptocurrencies, among which it is difficult to choose. The higher the capitalization of cryptocurrencies, the less likely they are to disappear overnight, even if this is not a guarantee of reliability!
Currently, the two most trusted cryptocurrencies are Bitcoin (BTC) and Ethereum (ETH).
Buy cryptocurrency with credit card or PayPal
Buying cryptocurrencies through CB is possible and it is the fastest way because the purchase is instant. On the other hand, you need to keep a close eye on the fees charged, which vary from 1% to 5% depending on the platform. You may also be charged international bank fees depending on your bank and platform, keep this in mind when you buy them. To pay less fees, it is better to redirect to a bank transfer, but if you are in a hurry, this solution is ideal. Some platforms offer the purchase of cryptocurrencies with a credit card.
In which banks to buy cryptocurrency?
Almost no bank offers the purchase of cryptocurrencies directly through their website or application. Boursorama allows you to view your cryptocurrency balance by working with a third party partner that collects data from other exchanges. Therefore, it is not possible to buy cryptocurrency directly through your bank. On the other hand, you can make a transfer from your bank to an exchange platform to buy cryptocurrency. It is known that some banks are more strict than others, but even in different banks it depends on your branch and adviser. Some will ask you to sign a paper, a statement, to make sure you understand the risks so that you cannot oppose them in the event of a loss of funds.
Other Ways to Buy Cryptocurrency
There are other possibilities besides going through exchange platforms.
In some cities, it is possible to contact a specialized institution to exchange euros for cryptocurrencies. These are rooms with counters, you can exchange with people who can guide you. The fees are generally higher than online. They also offer exchange advcash to btcfor example.
Platforms like Paxful or LocalBitcoins allow you to connect people who want to buy or sell cryptocurrencies. However, be on the lookout for scams, opt for a physical exchange at a gated location to avoid any issues.
Buy cryptocurrencies anonymously
There is practically no platform that allows you to anonymously exchange euros for cryptocurrencies. The latter are reserved for computer enthusiasts and it is best to avoid mistakes. It is better to favor known and reputable platforms to avoid scams or mistakes.