What is the easiest way to buy cryptocurrency

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What is the Easiest Way to Buy Cryptocurrency?

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• So, you have made up your mind about investing in
  cryptocurrency. But you dont know how to buy a
  cryptocurrency and are thoroughly confused about
  how and where to start from. With hundreds of
  options available, it can be quite daunting for
  anybody to choose their pick. Moreover, like any
  asset, there are a lot of things that need to be
  kept in mind before you buy cryptocurrency. But
  you need not worry, we have got you covered. In
  this blog, we will be discussing some of the
  easiest ways to buy cryptocurrency. So, here we
  go!
• How to Buy Cryptocurrency
• The last few months have witnessed a substantial
  simplification of the process of sale and
  purchase of cryptocurrencies. There are five key
  factors that you need to keep in mind before you
  purchase a cryptocurrency.

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• Location
• You can buy cryptocurrency as long as your
  countrys regulations support the sale and
  purchase of cryptocurrencies. Therefore, your
  location is a crucial factor in the process.
• Payment Method
• Some of the most commonly accepted payment
  methods include credit card, bank transfer
  (wherever legalized), and even cash. Most
  platforms will allow you to buy Bitcoins with a
  credit card, but others might not. So, you will
  obviously have to go for a website that supports
  your payment method.

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• Cryptocurrency Choice
• Some cryptocurrencies arent available on all
  platforms. So, you will have to find the platform
  that sells the cryptocurrency that you seek to
  purchase.
• Platform Fees
• Different websites have different fees. While a
  few will let you buy cryptocurrencies for a small
  fee, others might charge a lot more. Make sure
  that you know the platform charges for purchasing
  a cryptocurrency before you set up your account
  on it.

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• Invest What Youre Ready to Lose
• Thats the golden rule for any kind of
  investment. Put in an amount that you can afford
  to lose.
• Now that you know these five factors that play a
  role in the sale and purchase of
  cryptocurrencies, lets move on. After you have
  bought your cryptocurrency, where will you store
  it? Nope, it isnt your bank account.

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• Cryptocurrency Wallet
• If you are planning to buy cryptocurrency, you
  must know about cryptocurrency wallet that is
  where you store your cryptocurrencies. In that
  sense, you can compare crypto wallets with your
  bank account, where you store all your funds. You
  can buy and store a cryptocurrency in your crypto
  wallet in the same way as you store fiat
  currencies in your bank account.

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• While there are plenty of easy-to-use options
  that you can choose from, it is crucial that you
  go for a highly secure wallet. It is because if
  someone steals your cryptocurrencies from your
  crypto wallet, there is nothing you can do to
  retrieve it. You can go for any of these three
  kinds of cryptocurrency wallets.
• Online wallets While an online wallet is the
  easiest and quickest to set up, it is also the
  least safe to use.

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• Software wallets A software wallet is
  comparatively safer than an online wallet and is
  basically an application that you would need to
  download.
• Hardware wallets A hardware wallet is the safest
  bet as far as the security of your
  cryptocurrencies is concerned. It is essentially
  a portable device that you will need to plug into
  your computer.

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• The choice of your wallet will depend upon the
  cryptocurrency that you choose to purchase. For
  example, if you want to buy Bitcoin, you will
  have to go for a wallet that lets you store
  Bitcoin. Similarly, if you choose to buy
  Ethereum, a wallet that can store Ethereum will
  be your inevitable choice. Fortunately, nowadays,
  there are several crypto wallets out there that
  can store multiple cryptocurrencies. So whether
  you buy Bitcoin or purchase Litecoin, these
  wallets will allow you to store your digital
  assets. Exodus is the best example of such a
  software wallet that will let you store Bitcoin,
  Ethereum, EOS, Litecoin, and much more.

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• How and Where to Buy Cryptocurrency?
• If you want to buy cryptocurrency, you will
  obviously need to have an idea about where to
  look for these digital assets. Until a couple of
  years ago, there werent too many places where
  you could purchase cryptocurrencies. But these
  days, there is no shortage of platforms from
  where you can buy cryptocurrency.
• Whats a Cryptocurrency Exchange?
• Crypto exchanges are online platforms that allow
  you to exchange your fiat currency for
  cryptocurrencies. These exchanges are the most
  sought out places for buying cryptocurrencies. If
  you are a rookie in the world of crypto
  investment, Id strongly recommend you to use
  these crypto exchanges as they offer the easiest
  way to buy cryptocurrency.

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• Payment Method
• Most cryptocurrency exchanges will accept
  payments through bank transfers. You can use your
  credit card to buy cryptocurrency. Also, some of
  these platforms accept PayPal as the payment
  medium. Choose whichever medium you are okay with
  to attain your objective.
• Crypto exchanges have different levels of
  security and also the payment medium varies from
  one exchange to another. You will have to follow
  a set of guidelines before you buy cryptocurrency
  from an Exchange.

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• You will first need to provide all the necessary
  details like your name, contact details, etc.
• Your identity verification comes in next for
  which you will generally need to provide details
  of your passport or driving license.
• Then you will be required to provide a 2-step
  verification, which would secure your account and
  keep the hackers at bay.
• It is important to note that almost all
  cryptocurrency exchanges will charge you anywhere
  from 1-4 as the transaction fee. Once your
  account is up and running, you can buy whichever
  cryptocurrency you want.

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• Broker Exchange
• Broker exchanges are places where you can
  exchange your fiat currencies for
  cryptocurrencies. Thus, they are quite similar to
  currency exchange shops that you see at airports.
  A broker exchange is the best way to get Bitcoin
  and other cryptocurrencies. In fact, its the
  simplest way to buy cryptocurrency because you
  can purchase cryptocurrencies even through your
  phone. Cryptocurrency broker exchanges like
  Coinbase and Coinmama are some of the most sought
  out and preferred crypto exchanges where you can
  buy cryptocurrencies of your choice.

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• How to Buy Bitcoin from an ATM
• Do you know that like the usual ATMs that we see
  around us, Bitcoin ATMs are now operational too?
  Well, Bitcoin ATMs are quickly gaining traction
  although it is a very new idea. Just like you use
  regular cash ATMs to withdraw fiat currencies
  like USD or EURs, you can use a bitcoin atm to
  buy Bitcoin. The only difference is that instead
  of withdrawing cash, you will have to deposit
  cash in a Bitcoin ATM to buy Bitcoin. If you want
  to buy Bitcoin fast and easy, Bitcoin ATM is your
  best bet. However, on the downside, a Bitcoin ATM
  isnt available everywhere because it is a very
  new idea. It is perhaps the easiest way to buy
  cryptocurrency because it will need no
  registration, creating an account or transferring
  money. All you have to do is go to a Bitcoin ATM,
  deposit the cash, and you will get the Bitcoins
  in your account the cash value that you have
  deposited.

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• While some Bitcoin ATMs will need you to verify
  your identity, most ATMs would let you proceed
  without any verification. Also, you will have to
  enter your phone number if the ATM asks for it.
  You will receive a transaction code as a text
  message, which you will have to enter into the
  ATM. Enter your cryptocurrency wallet address if
  you have one. The ATM will create a wallet for
  you if you dont have a wallet. Once you have
  deposited the cash into the ATM, you will receive
  the Bitcoin into your cryptocurrency wallet.
  Dont forget to collect the printed receipt. Your
  wallet details will be on the receipt if the
  Bitcoin ATM has created your wallet for you.
  Always keep your wallet details safe and secure.
  You can buy a cryptocurrency at a Bitcoin ATM
  easily and quickly. But they will charge a high
  transaction fee, which is anywhere around 5-10.
  Also, there arent too many Bitcoin ATMs around,
  so, thats obviously a downside.

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• So, which is the best place to buy
  cryptocurrency?
• We have analyzed three mediums to buy
  cryptocurrency. If you were to ask me, Bitcoin
  ATM is the easiest way to buy cryptocurrency. But
  then, most of us dont have Bitcoin ATMs around
  us. If we were to draw a comparison between a
  cryptocurrency exchange and a broker exchange,
  Id always go for a broker exchange. It is
  because of the comparatively higher security and
  less transactional fees that broker exchanges
  provide. However, it is only an opinion, and you
  are free to decide for yourself. Just take all
  the necessary precautions before you buy
  cryptocurrency or else you might end up losing
  your funds too.