Did you know that investing in cryptocurrencies can be very profitable? Although the buying process is simple, it is not always easy to find reliable information on the Internet.
So, where and how to buy cryptocurrency on a secure platform? In this article, we'll give you the best way to buy cryptocurrencies.
A few points about cryptocurrency
- Even if some cryptos are better known than others, we think in particular of Bitcoin, Ethereum, or even Dogecoin, you should know that there are currently more than 15,000 active cryptos!
- Beyond the anonymous and secure transactions they allow, some cryptocurrencies can have a completely different use. To name a few, Ethereum offers many other features and services.
- In France, only 8% of the population has invested in cryptocurrency. If you thought you were late to buy cryptocurrency, it's totally the opposite.
Best platforms to buy cryptocurrency
Capital.com
In our opinion, Capital.com is one of the trading platforms to consider if you want to buy cryptocurrencies. Specialized in stocks and CFDs, the broker allows you to buy cryptos in CFDs. Thus, CFDs are products whose main advantage is the leverage effect, thus ensuring a good return on your investments.
Of course, it's not without risk, but since Capital.com has a good reputation in the field, whether in terms of risk management or security, you can go there with your eyes closed.
Moreover, as the interface is quite intuitive and its use is rather simple, it is relatively accessible to all trader profiles, from beginners to the most experienced.
- The platform supports over 400 cryptocurrencies including Ethereum and over 3,000 financial assets.
- Ultra competitive spreads and no additional costs.
- Capital.com offers a wide selection of tools suitable for both beginners and more experienced traders.
How to Buy Cryptocurrency on Capital.com – Guide
If you don't know where to buy cryptocurrency, we recommend Capital.com. Here are the steps to follow to buy cryptos on this platform:
- First, create an account by going to www.capital.com.
- Once the account is created, you can validate your registration and submit your verification documents.
- Make the first deposit of a minimum amount of €20, choose the amount and the method of payment then validate the operation.
- All you have to do is choose the cryptocurrency in which you want to invest.
- Then click on “Buy” to confirm the transaction.
eToro
The eToro trading platform is certainly one of the best known in the industry. Indeed, eToro is especially appreciated for the fact that it does not charge commissions on transactions. This allows you to buy and sell your cryptocurrencies without worrying about high fees.
eToro also allows you to buy cryptocurrencies in CFDs giving you the opportunity to benefit from a good leverage effect. By investing in this way, the trader ensures easy earnings and an ultra-secure portfolio of assets.
- Large catalog of cryptocurrencies.
- Spreads and spawning are accessible on CFDs compared to competitors on the web.
- The ergonomic platform fully adapted for beginners.
- Various tools, including copy trading for more experienced traders.
Advantages
- Completely free crypto trading
- Ability to follow strategies and advice from other traders
- Low minimum deposit
- Secure and well-structured platform
Disadvantages
- Quite limited choice of cryptocurrencies
- Slow withdrawal process
Binance
Among the essentials, there is also Binance. With an offer of cryptocurrencies as diverse as it is varied and fairly low fees, the online platform quickly won over users. On the services side, Binance offers several tools and different wallets, which gives you the choice for your transactions.
Finally, in terms of fees, you have to reckon with a percentage of 1.5% on deposits via a bank card, but this is completely free for deposits in cryptocurrencies.
Points to remember include:
- Over 150 cryptocurrencies and 400 asset pairs to trade.
- Relatively low transaction fees for Maker and Taker orders.
- Leverage of x 125 for futures.
- Spreads between 0.25 and 7.95%.
Advantages
- Wallet integrated into the platform
- Available in both web and mobile version
- Low trading fees
- Good choice of cryptocurrencies
Disadvantages
- Platform not regulated
- High fees for payments via bank cards
Libertex
Finally, Libertex for its part is a very classic trading platform at first sight. However, unlike stock brokers, it does not offer securities accounts, but online CFD accounts.
Its main advantage is that it offers a wide variety of cryptocurrencies. With fairly easy use and tools accessible to all levels of trader, Libertex has naturally imposed itself in the landscape as a reference. As for fees, spreads are at 0.3200% and overnight fees at 0.1200%.
What to remember from Libertex:
- More than 50 cryptocurrencies in its online catalog.
- Ability to trade cryptocurrencies with a multiplier effect
- Transparency on transaction costs, but also on commissions and spreads, which is very appreciable.
- Ability to modulate the leverage effect, which is an advantage over its competitors.
Advantages
- Very competitive spreads
- Several trading tools are available
- Ultra-convenient mobile app
- Reliable and easy-to-use platform
Disadvantages
- The conversion fee of 0.006%
- €10 inactivity fee
Best cryptocurrencies to invest in today
Bitcoin
Launched in 2009, Bitcoin is the mother of all cryptocurrencies and today it is the largest cryptocurrency by market capitalization.
Bitcoin also introduced the technology underlying many cryptocurrencies: the blockchain.
Beginners who want to buy cryptocurrency often decide to buy Bitcoins. However, it is important to follow the course and evolution of cryptocurrencies.
Why buy Bitcoin?
- The first cryptocurrency to be launched
- Many BTC-based investment products are available
- Only cryptocurrency is accepted everywhere digital currencies can be used as a means of payment
Etherium
In 2015, Ethereum took the use of the blockchain even further by proposing to use it to set up smart contracts (smart contracts) and decentralized applications (dApps). It is now the second most important cryptocurrency.
Ether is often seen as a cryptocurrency investment add-on for investors who want to buy multiple cryptocurrencies.
You will discover all the details on this page: Buy Ethereum
Why buy Ethereum?
- Blockchain favored in the rise of popular decentralized finance (DeFi)
- Network supported by many major international institutions
- Value proposition with the possibility of implementing smart contracts
Tezos
Tezos holds the record for the largest cryptocurrency fundraising (ICO) ever until 2017 ($232 million). This smart contract network uses an on-chain governance process to be the first self-scaling blockchain.
Tezos allows you to buy cryptocurrency in France from a French project.
Why buy Tezos?
- Promising French project that offers a stronger and more secure platform than Ethereum
- Self-regulated governance that allows you to take advantage of a self-evolving blockchain and better decentralization
- Many staking options offered to get passive income
How to buy cryptocurrency with PayPal or by credit card?
Buying cryptocurrencies in euros via credit card or PayPal is the best-known process for bailing out your crypto wallet.
The use of the bank card is strongly recommended insofar as the delivery of cryptos is done instantly. You will therefore benefit from using the bank card on crypto platforms such as Capital.com.
How to choose the platform and where to buy cryptocurrency?
Attention should therefore be paid to the following points:
Cryptocurrency purchase fees
The calculation of the costs of buying cryptocurrencies is based on the volume of transactions. In reality, these commissions are between 0.01 and 0.5%. As an illustration, charges $5 on all withdrawals while Coinbase does not charge them. In addition, the costs relating to the purchase of cryptocurrencies by bank card are very high (sometimes 10%).
Crypto Platform Security and Regulation
In order to thwart the financing of illegal activities, each cryptocurrency platform requires its customer to enter their personal data to make purchases. In other words, verifying your identity is a parameter that should not be overlooked. Verification times vary from platform to platform. If they are short for Coinbase, these delays last longer at Kraken.
Cryptocurrencies available for purchase
The choice of a cryptocurrency platform also depends on the number of assets traded. The Binance platform stands out from the others by the long list of cryptocurrencies available on its site. However, other cryptocurrency sites have a few top-listed assets.
Liquidity and trading volume
The higher the trading volume, the more liquidity there is on a cryptocurrency platform. Either way, trading speed will prevent price volatility.
Apart from the classic exchange platforms, there are also other ways to buy cryptocurrencies. Below we feature Local Bitcoins.
A trusted third party does not exist in cryptocurrency exchanges unless it is a peer-to-peer exchange. This is why two individuals can agree to buy cryptocurrencies. This operation is similar to a product exchange on an online store.
In the past, peer-to-peer exchange on platforms like LocalBitcoins made the heyday of the cryptocurrency market and more specifically Bitcoin.
Currently, the method is at half-mast in developed countries. This is clearly justified by the fact that we do not know who we trust. In other words, the security seems to be questionable in such an exchange so we don't recommend it.
Is it possible to buy cryptos anonymously?
If there is one question that plagues investors, it is whether one can buy cryptocurrency without verification or anonymously.
However, acquiring cryptocurrencies on a regulated site should be a rule of thumb. However, anonymous transactions are possible on sites approved by financial organizations.
Indeed, there are crypto-asset trading platforms that accept the opening of an account without any verification. So you can mention any name you like. However, it is not conceivable to invest in cybercurrencies with fiat currency on these sites.
How can you invest in cryptocurrency without verification? You have several options to achieve this goal:
- Transfer crypto purchased by a loved one to your wallet.
- Collect digital assets from people you meet on the web through peer-to-peer exchange platforms.
- Use sites that accept anonymous payment methods like prepaid cards.
Such a practice to obtain crypto-assets is discouraged. Because it can open the door to scams.
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