How to Buy Cryptocurrency
A blog about setting up an exchange with your credit card and buying cryptocurrency.
The cryptocurrency market is currently in a state of flux. Many people are choosing to invest in bitcoin and other cryptocurrencies right now, and it’s only going to continue to increase. In fact, the hype around bitcoin has led many people to jump on the bandwagon and invest in the currency while they still can.
However, you may be wondering how to buy cryptocurrency. This article will show you how.
This post is about how to buy cryptocurrency in the Philippines.
Buying cryptocurrency with your credit card is a great way to get into crypto! You can even buy with USD, so no longer do you have to wait for an exchange to support your currency.
Here are two exchanges I recommend for buying bitcoin or other cryptocurrencies:
Coinbase
Coinbase is probably the most popular exchange because it’s so easy to use and very secure. You can buy Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on Coinbase. It’s available in 100+ countries (including the Philippines) and has been operating since 2012 making it one of the oldest exchanges out there. They also have a mobile app so you can buy crypto on-the-go.
You can sign up here – Coinbase.com
So, you want to buy some cryptocurrency?
Cryptocurrency has become a popular investment because of its volatility and the possibility of earning high returns. In fact, bitcoin recently hit an all-time high of $16,000+ per coin.
But what about new cryptocurrencies like Ethereum? Should you Invest in Ethereum? To help you decide, we’ve put together this post on how to buy Ethereum with a credit card.
We’ll also cover how to set up your own exchange account and other ways to purchase Ethereum. So let’s dive in!
To buy cryptocurrency, you must first sign up for an exchange platform like Coinbase, Gemini, Kraken or Binance. Once you have set up an account, you can deposit USD, EUR or GBP via a wire transfer into your exchange wallet. Then you can use the deposited amount to trade with cryptocurrency.
In the following article we list the best crypto exchanges for people who want to buy crypto. You will find a step by step guide on how to create an account at each crypto exchange and how to buy crypto at that exchange with a credit card:
How to Buy Bitcoin (BTC) on Coinbase
How to Buy Ethereum (ETH) on Coinbase
How to Buy XRP (XRP) on Kraken
How to Buy Bitcoin (BTC) on Binance
How to Buy Litecoin (LTC) on Coinbase
How to Buy Ethereum Classic (ETC) on Coinbase
To buy cryptocurrency, you need to buy and sell via an exchange. This means you need to create an exchange account and store the cryptocurrency in your digital ‘wallet’.
There are many different kinds of Bitcoin / Cryptocurrency exchanges that work in different ways and offer different trading experiences. Some are less trustworthy than others and some can be quite limited, so it is important to pick the right exchange to start with.
The most popular exchanges include:
Coinbase – USA, Canada, Singapore, Europe. Buy BTC, ETH, LTC (credit card / debit card, bank transfer).
Binance – Worldwide (including Australia). Buy BTC, ETH, XRP (bank transfer only).
Changelly – Worldwide (including Australia) Buy BTC, ETH and over 50 other cryptocurrencies (credit card / debit card).
There are a few different ways to buy cryptocurrency. When you first start off buying crypto, it can be intimidating. You may have heard stories about people who have lost a lot of money when the value of their crypto fell dramatically. So with that in mind, let’s take a look at some of the most effective ways to buy cryptocurrency.
1. Use an Exchange
2. Buy Directly from Someone
3. Use a Peer-to-Peer Marketplace
4. Use a Bitcoin ATM