whether you know which cryptocurrency you want to buy or you're still debating, it's highly recommended to do extensive research before investing your money. sometimes a certain coin gets a lot of hype but once you research it a bit you find out it's not a very wise investment
How do I purchase Cryptocurrency?
so you want to buy your first cryptocurrency but don't know where to start well you've come to the right place. Welcome to therealpay blog, we're going to show how to buy any cryptocurrency in this two minute tutorial. Buying any cryptocurrency usually involves three steps
- Researching before buying
- Getting a compatible wallet
- And buying the actual coins
What is the best crypto currency to invest in?
Aside from googling information about the coin, coinmarketcap.com is a good place to start the site lists all available cryptocurrencies and supplies detailed information about each one of them aside from their price
next, it's time to get a wallet for your coins cryptocurrencies are stored on programs called wallets that are installed on your computer or mobile phone while each cryptocurrency needs a different type of wallet most wallets can store multiple coin types make sure that the wallet you intend to use supports the coin you're buying
if you're looking for added security it's probably better to use a hardware wallet which is a physical device that connects to your computer and keeps your coins offline away from the reach of hackers. once you have your wallet you'll need to locate your cryptocurrency address for receiving payments.
Each coin has a different wallet address format but they usually look like a long string of letters and numbers you'll need this for the final step finally it's time to buy your coins on an online exchange, not all exchanges sell all cryptocurrencies luckily
if you're looking to buy several cryptocurrencies we recommend choosing an exchange that already supports all of your desired coins as the signup process at an exchange usually takes a while.
Before we conclude a word of advice never invest any amount in cryptocurrency that you can't afford to lose cryptocurrencies are highly volatile and extremely risky even the more established ones. If you find yourself getting confused by the large selection of wallets and exchanges around check out our list of vetted wallets and exchanges below.
Comments
Post a Comment
Spam comments are automatically deleted so don't waste time spamming the comment section