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Buying and selling crypto to make a profit on a price difference is the definition of trading. If you want to start working in this field, you will need to go through research on this topic.
Even though blockchain and crypto are now very popular, many traders still do not understand how this market works and how to trade efficiently. In this article, we will discuss how to buy cryptocurrency.
The First Step – Pick An Asset
To choose a digital coin to buy, you should learn more about the projects presented in the market. Read about their founders and their goals, the essence of a project, the backers, etc. Pay attention to the Whitepaper of the project and its Roadmap. There mustn’t be any mistakes, and documents should be written correctly.
Also, check out the project’s social media, are there regular publications, and is there communication with community members?
The next step is how to buy cryptocurrencies.
Where To Buy Crypto
The most often used crypto platforms:
- Binance
- Coinbase
- WhiteBIT
- Kraken
- KuCoin
- Bitfinex
- Gemini.
We recommend working with the centralized exchanges listed above because they have the largest trading volume. To purchase digital assets, you must register an account and pass KYC (know-your-customer) verification. Depending on an exchange, it may take a few days. Once you pass KYC, you can add your bank card to your account and deposit the fiat currencies you have on your card, considering the bank’s fees. Once your account is replenished, go to the sector “Trade” and pick an asset you want to buy and the currency you wish to sell. Pay the exchange fee and receive your coins to the account in a few minutes.
On a White Blog, you will find much more information on how to buy cryptocurrency, trade using different strategies, and use complex trading tools.
