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How to buy and sell cryptocurrency

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Friday, November 12, 2021 at 11:04 AM filed under General postings

How to buy and sell cryptocurrency: exchanger, exchange, from a card, in cash? What to choose? How safe is it? Instructions for beginners to buy cryptocurrency.

Over the past year, the blockchain market has shown unprecedented growth: its capitalization has grown several times, and the largest cryptocurrencies Bitcoin, Ethereum and Litecoin have grown on average 15 times. Therefore, the main investment in this market and making a profit from it is the purchase of cryptocurrency. However, it is worth remembering that buying entails great risks, since the market is still very volatile (due to its decentralization and low level of institutionalization).

Wallet for buying cryptocurrency
Before buying cryptocurrency, you need to create a cryptocurrency wallet. There are many wallets that differ in the currencies that can be stored in these wallets. Each cryptocurrency has its own wallet. They can be downloaded from the respective sites. So, for example, on Bitcoin.org there is a large selection of wallets for various devices from PCs to smartphones with various operating systems for bitcoins, on Ethereum.org - for Ethereum. Such wallets are suitable for storing several coins without the possibility of exchanging them with other cryptocurrencies, for which you need to open a new wallet. It is possible to open a multi-wallet that is suitable for different currencies at the same time.
 
For a beginner, the best way to buy cryptocurrency is on an exchange or in cryptocurrency exchangers. The most reputable exchange sites are Cryptsy, Coinbase, and a list of all online exchanges can be viewed at BitMakler. On such sites, you can conveniently buy currency, sell cryptocurrency using a Visa or MasterCard.
 
This type of wallet is most often used by ordinary people who just want to buy some coins, shop them online, gamble or invest in them for a while. To protect your money, it is enough to come up with a unique and complex password, since the above listed sites have strong enough protection. Regardless of which of the types of wallets was opened, it has its own unique address to which the purchased coins will be sent.
 
Where to buy cryptocurrency?
To buy cryptocurrency, you need to have an initial capital that can be uploaded to your wallet account, which can be done using various payment methods, including credit cards and bank transfer. As soon as the money reaches the wallet account, it can be used to buy cryptocurrency. On online exchanges, the system itself selects a seller for buyers with specific needs, for this it is enough to leave an application with the desired type of cryptocurrency and the required number of coins. Most often, exchanges take a percentage for depositing funds, as well as withdrawing funds.
 
Where to buy cryptocurrency? Cryptocurrencies can be bought informally on internet forums. Before concluding a transaction and transferring the unique number of your wallet to the seller, you need to observe some precautions. You can also buy and exchange cryptocurrency here https://letsexchange.io/
 
First, you need to buy coins from users who have links to previous transactions that went through without problems.
 
Secondly, you need to always be sure that the value of the coins has not decreased while the deal is being discussed.

 

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