Recently, the topic of cryptocurrencies has been gaining more and more popularity. It is actively discussed in the media, and some experts even prophesy that the hour is not far off when crypto money completely replaces conventional money.
Like it or not, it is too early to judge, but learning how to buy cryptocurrency is now more relevant than ever.
To exchange cryptocurrency, you need to get your cryptocurrency wallet.
By purchasing a cryptocurrency, you buy the right to use it because neither bitcoins nor Ethereum physically exists. All operations for buying and selling cryptocurrency are transaction records stored in various blockchains ( blockchain).
Next, you need to choose any of the exchangers and exchange cryptocurrency.
What cryptocurrency to buy
Having decided to purchase a virtual currency, you should consider what points and nuances you should pay attention to when choosing crypto money. Understanding this issue is easy; pay attention to:
- The last change in the exchange rate (it is worth looking at growth in dollars, not percentages, since the latter indicator is extremely misleading);
- Recognition of cryptocurrency by large companies, countries, and organizations (this will make sure that the chosen financial system is reliable);
- The lifetime of the cybercurrency and the stability of its development;
- Personal financial capabilities (you should not invest all your savings in crypto money).
If you follow these rules, investors will not have to think about what to do to save money since avoiding problems and troubles will be much easier.
Where and how to buy a cryptocurrency for dollars
Most exchangers operate in automatic or semi-automatic mode.
To profitably buy cryptocurrency (like dollar to eth), you need to monitor the offers of different exchangers and choose the best option at the moment. To do this, it is convenient to use Letsexchange, where you can easily track suitable courses. Working with exchangers is easy – even a beginner will figure it out immediately.
All that is needed:
- choose the direction of the exchange;
- specify the amount;
- enter details;
- agree to the terms of service.
Exchangers work with both bank cards and such payment systems. Many of them also offer profitable referral programs for users. Exchange operations are performed in semi-automatic or automatic mode.
Some sites work manually at first but later automate all processes. Otherwise, users must wait for up to 12 hours until the operator appears on the spot and exchanges currency, which is not always convenient.
Exchanges are much less suitable for exchanging fiat to cryptocurrency than exchangers
But for the sake of completeness of the review and the provision of all possible options, we will consider them. Only two exchanges are suitable for exchanging cryptocurrency for regular fiat money – EXMO and YoBit.
You can exchange and withdraw any electronic currency, including aave to usd, without any problems on these exchanges. Exchanges are not as convenient and easy to use as exchangers, but if you follow all the instructions, you should not have issues working with them.