Buying, selling and trading cryptocurrency has become easier and more popular over the years.
Many people have made fortunes from doing this.
In this guide, we will cover how you can get started TODAY.
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The World’s Leading Social Trading And Investment Platform For Cryptocurrency
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Best Cryptocurrency Trading Tools
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Last Update April 14th, 2020. Buying and trading cryptocurrency has never been easier. There are many platforms that will allow you to buy many cryptocurrencies at one time.
Etoro is one example of this.
Some exchanges like Kraken have a plethora of trading tools to make it easy for you to buy and sell cryptocurrencies.
Table of Contents
How To Buy Cryptocurrency Summary
- Visit Etoro
- Sign up and verify your account
- Add a funding method and make a deposit (minimum $50)
- Select the cryptocurrencies you want to trade
- Buy cryptocurrency
Where Can I Go To Buy Cryptocurrency Online?
There are many exchanges you can go to for buying and trading cryptocurrency. The most popular and trusted exchanges include Etoro, Kraken, Coinbase, and CEX.IO.
Which Cryptocurrency Should I Buy?
There is no right or wrong answer to this question. The best cryptocurrencies are the ones with a large market capitalization, diverse user base and developer support.
How To Buy Cryptocurrency With Credit Card, Debit Card Or A Bank Account
Buying cryptocurrency using traditional payment methods i.e. credit card, debit card, bank account, and wire transfer is the most popular way for beginners to start trading.
Etoro
| Website: | etoro.com |
| CEO: | Yoni Assia |
| Headquarters: | London, United Kingdom |
| Founders: | David Ring, Ronen Assia, Yoni Assia |
| Founded: | 2007 |
| Customer service: | Knowledge Base |
Etoro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Minimum first time deposit for US users is $50 USD and $200 USD for most countries.
Etoro accepts deposits in USD, EUR, GBP, and AUD.
Pros
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
Cons
- Bitcoins can not be withdrawn
Disclaimer: Crypto assets are unregulated & highly speculative in some EU countries. No consumer protection. Capital at risk.
Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD.
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Kraken
| Website: | kraken.com |
| CEO: | Jesse Powell |
| Headquarters: | San Francisco, California |
| Founders: | Jesse Powell |
| Founded: | 2011 |
| Customer service: | Knowledge Base |
Kraken is the world's largest Bitcoin exchange and offers a vast selection of cryptocurrencies and internationally accepted funding methods.
Kraken Pro provides individual and institutional investors with advanced real-time trading and charting tools.
Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.
Pros
- Respectable reputation
- Global support
- Reliable customer support
- Tiered verification
- Affordable fees
Cons
- Few payment methods
- Sophisticated UI
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Coinbase
| Website: | coinbase.com |
| CEO: | Brian Armstrong |
| Headquarters: | San Francisco, California |
| Founders: | Brian Armstrong, Fred Ehrsam |
| Founded: | 2012 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.
Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.
Pros
- Established reputation
- User-friendly interface
- High liquidity
- Large purchasing limits
- Strong security
Cons
- Support takes time to respond
- Slow bank transfers
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
CEX IO
| Website: | cex.io |
| CEO: | Oleksandr Lutskevych |
| Headquarters: | London, United Kingdom |
| Founders: | Oleksandr Lutskevych, Dmytro Kalynovskyi, Victoria Polyakova, Peter Ivanov |
| Founded: | 2013 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.
CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.
CEX.IO accepts deposits in USD, EUR, GBP, and RUB.
Pros
- Established and trustworthy
- Supported worldwide
- Low fees
- Simple credit card purchases
- Clean user interface
Cons
- Verification procedure requires private information
- Lengthy verification time
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Wirex
| Website: | wirexapp.com |
| CEO: | Pavel Matveev |
| Headquarters: | London, United Kingdom |
| Founders: | Dmitry Lazarichev, Pavel Matveev |
| Founded: | 2014 |
| Customer service: | Knowledge Base |
Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.
Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.
Wirex accepts deposits in AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, and USD.
Pros
- Multiple funding methods
- Ability to purchase bitcoin at market rate
- Wallet and exchange
Cons
- The initial lag time
- Not supported in all countries
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Great | Low | High | High |
Coinmama
| Website: | coinmama.com |
| CEO: | Sagi Bakshi |
| Headquarters: | Israel |
| Founders: | Laurence Newman, Nimrod Gruber, Ilan Schuster |
| Founded: | 2013 |
| Customer service: | 24/7 email support and Knowledge Base |
| More information: | Read Review |
Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.
Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.
Pros
- Available worldwide
- High purchasing limits
- Dependable and trustworthy
- Excellent leadership and customer support
- Fast and secure transactions
Cons
- High fees when purchasing with a credit card or debit card
- Delay in processing time
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
How To Buy Cryptocurrency With Gift Card
If you have a gift card that you are no longer using you can go to Paxful and exchange it into bitcoin. Paxful accepts just about any type of gift card from every brand imaginable, so you can easily find a merchant that is willing to give you bitcoin in exchange for your new or unused gift card.
Paxful
| Website: | paxful.com |
| CEO: | Ray Youssef |
| Headquarters: | New York, New York |
| Founders: | Ray Youssef, Artur Schaback |
| Founded: | 2015 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
Pros
- Escrow system
- Security
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers
Cons
- Buyers and sellers are at risk of being scammed
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Pro Tip: You can use any exchange in conjunction with Changelly to instantly exchange bitcoin into any cryptocurrency you want.
What Are Some Of The Cryptocurrencies I Can Buy?
Some of the most popular cryptocurrencies available for purchase on most exchanges include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Binance Coin (BNB)
- Eos (EOS)
- Tezos (XTZ)
- Stellar Lumens (XLM)
- Monero (XMR)
- Cardano (ADA)
- Tron (TRX)
- Dash (DASH)
- Ethereum Classic (ETC)
- NEO (NEO)
- Zcash (ZEC)
You can view a full list of cryptocurrencies by market capitalization on coinmarketcap. Check with each exchange to see exactly which cryptocurrencies they support.
Why Do People Buy And Sell Cryptocurrency?
Trading cryptocurrency stocks is similar to foreign exchange (Forex) trading where traders can make a profit off the over-the-counter market changes of foreign currencies. Cryptocurrency has become more popular than forex over the years due to its high liquidity and ease of trading among other factors.
Apps For Buying And Selling Cryptocurrency Instantly
Etoro, Kraken Pro, Coinbase, CEX.IO, Wirex, and Paxful all have iOS and Android apps that you can download to buy cryptocurrency instantly.
| Exchange | Download App |
|---|---|
| Etoro | iOS, Android |
| Kraken Pro | iOS, Android |
| Coinbase | iOS, Android |
| CEX IO | iOS, Android |
| Wirex | iOS, Android |
| Paxful | iOS, Android |
Where Can I Go To Buy Cryptocurrency Stock?
The most popular place to go to buy cryptocurrency stock is Etoro. Its unique copytrading feature makes it easy to diversify a portfolio.
Where Can I Go To Buy Cryptocurrency Anonymously?
Most Bitcoin ATMs such as those manufactured by Bitcoin Depot or LocalBTM will allow you to buy multiple types of cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, or Zcash. Check the local bitcoin ATM map here to see if there is one in your local area.
Buy Cryptocurrency With Venmo
The best place to go to buy cryptocurrency with Venmo is on Paxful. The peer-to-peer platform is a safe and easy way to buy bitcoin with just about any payment method. Alternatively, you can go to LocalBitcoins and find a nearby seller who is willing to deal with you. You can use Changelly to instantly exchange between cryptocurrencies like BTC and ETH.
Should I Buy Cryptocurrency Now?
Cryptocurrencies are becoming very popular financial markets for traders and investors of all kinds. As a result, the value of cryptocurrencies has risen over the past few years, which makes it a popular financial asset to own now.