{"id":320,"date":"2022-03-05T14:23:08","date_gmt":"2022-03-05T14:23:08","guid":{"rendered":"https:\/\/www.aurumxchange.com\/?p=320"},"modified":"2022-03-05T14:23:08","modified_gmt":"2022-03-05T14:23:08","slug":"3-ways-to-buy-your-first-cryptocurrency","status":"publish","type":"post","link":"https:\/\/www.aurumxchange.com\/blog\/3-ways-to-buy-your-first-cryptocurrency\/","title":{"rendered":"3 Ways to Buy Your First Cryptocurrency"},"content":{"rendered":"<p><iframe width=\"100%\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/s8dkJGcNYXY?autoplay=1&#038;mute=1\"><\/iframe>For some, buying cryptocurrency is as simple as downloading an app and plugging in their credit card information. For others, it\u2019s not that easy.<\/p>\n<p>For those of you who are interested in investing in cryptocurrencies but don\u2019t know where to get started, this article will provide some guidance. The following three methods are the most commonly used ways to buy your first cryptocurrency.<\/p>\n<p>1. Buy Bitcoin Through a Cryptocurrency Exchange<\/p>\n<p>2. Buy Bitcoin Through a Brokerage Account<\/p>\n<p>3. Buy Bitcoin Through a P2P Marketplace<\/p>\n<p>Don\u2019t be intimidated by the complexity of cryptocurrencies. They may seem complicated, but they are actually quite simple once you get the hang of them.<\/p>\n<p>The first step is choosing which exchange to buy from and which wallet to store your funds in. After that, you can get started right away!<\/p>\n<p>Getting started with cryptocurrency trading is not as difficult as you might think.<\/p>\n<p>There are three basic ways to get your hands on cryptocurrency:<\/p>\n<p>Mining: This is the process by which new coins are created. Mining is a resource-intensive process and requires powerful hardware. In order to mine cryptocurrency, you will require specialized hardware called ASICs. You can buy ASICs or build your own mining rig.<\/p>\n<p>Exchanges: You can buy cryptocurrencies from online exchanges. You will need to create an account and verify your identity before you can make any transactions from these exchanges. Exchanges also charge a fee for every transaction.<\/p>\n<p>P2P platforms: You can also buy cryptocurrency directly from other owners by using Peer-to-Peer (P2P) platforms such as LocalBitcoins.com, Paxful, Remitano, etc. Here you can purchase Bitcoin directly from other people without the intervention of a third-party broker. P2P sites allow you to trade Bitcoin for fiat currency or vice versa without paying any fees in most cases.<\/p>\n<p>Of all the above methods, P2P platforms are the best way to buy your first cryptocurrency because they offer lower transaction fees than exchanges, and they do not require specialized hardware like mining rigs.<\/p>\n<p>You may have heard the news that cryptocurrency is now worth a lot of money. Bitcoin, the most popular cryptocurrency, is currently valued at over $11,000. Ethereum and Litecoin are also doing well. But how do you acquire a cryptocurrency?<\/p>\n<p>The process of acquiring cryptocurrencies is relatively simple. Begin by registering an account on one of the numerous crypto-exchanges available online. These are websites that allow you to buy, sell, and trade different types of cryptocurrencies.<\/p>\n<p>Although there are many different kinds of exchanges, we will focus on three of the most popular: Coinbase, Gemini, and Binance. Each exchange has its own strengths and weaknesses. We will go into detail about each platform below so you can make an informed decision about which exchange best fits your needs.<\/p>\n<p>You may have heard about cryptocurrencies in the news, or even seen them as a payment option when buying something online. In this article, we will explain what cryptocurrency is, how you can get started with it and what you need to look out for.<\/p>\n<p>What is Cryptocurrency?<\/p>\n<p>Cryptocurrency is a digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds. It operates independently of a central bank.<\/p>\n<p>The most popular cryptocurrency is Bitcoin, which was created in 2009. Since then, more than 1,000 cryptocurrencies have become available. Currently, there are over 2,700 different cryptocurrencies being traded online.<\/p>\n<p>Cryptocurrencies have a number of advantages over traditional currencies:**<\/p>\n<p>They are not tied to any country or subject to regulation.<\/p>\n<p>They allow users to remain anonymous.<\/p>\n<p>Transactions cannot be reversed or refunded.<\/p>\n<p>Fees are generally lower than with traditional payment methods.<\/p>\n<p>You could use cryptocurrencies to pay for goods and services from merchants who accept them as payment. However, the number of merchants that accept these currencies is still limited and many people who own them actually trade them for profit instead of using them for payments, which we\u2019ll explain how you can do below:<\/p>\n<p>Let me guess? You want to get in on some hot cryptocurrency action?<\/p>\n<p>Well, if you&#8217;ve arrived here, you&#8217;re clearly doing your research. So I&#8217;m going to assume that you know what Bitcoin is and why it&#8217;s such a big deal.<\/p>\n<p>You probably also know that there are hundreds of other cryptocurrencies out there. It can be overwhelming trying to figure out which ones are worth buying\u2014and then figuring out how to buy them.<\/p>\n<p>But don&#8217;t worry! I&#8217;m here to help. In this post, I&#8217;m going to give you a quick guide on how to buy your first cryptocurrency coins.<\/p>\n<p>So let&#8217;s get started!<\/p>\n<p>Cryptocurrency is a digital currency that is not tied to any government or bank. These virtual coins exist on their own blockchain and are used for transactions with other users.<\/p>\n<p>You buy them using fiat currency (real money), store them in a wallet, and use them to pay for things online or send them to others to pay for things.<\/p>\n<p>As cryptocurrency becomes more popular and mainstream, it is essential to consider how you can invest in this new asset class. Not only are crypto assets a great investment opportunity, but they also have the potential to change the world as we know it.<\/p>\n<p>Cryptocurrency has been around for over ten years, and while it still has yet to be completely adopted by the general public, its growth rate is incredibly impressive. For example, if you had invested $100 into Bitcoin in April of 2013 when it was at its lowest price point, it would now be worth over $1 million dollars today. If you had invested $100 in Ethereum during July of 2015 when it was at its lowest price point, it would now be worth over $100 thousand dollars today. While these two examples are extreme cases that resulted in massive returns, there are still so many other cryptocurrencies that have seen incredible gains within their first year of launching.<\/p>\n<p>So why should you get involved with cryptocurrency?<\/p>\n<p>Well, there are a number of reasons why people want to own cryptocurrency. For starters, there is an entire generation of young investors who have grown up with digital devices and the internet who understand this technology better than those who came before them. These digital natives have a lot of disposable income to invest and truly believe<iframe width=\"100%\"\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/0VC8tsYrKZM?autoplay=1&#038;mute=1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For some, buying cryptocurrency is as simple as downloading an app and plugging in their credit card information. For others, it\u2019s not that easy. For those of you who are interested in investing in cryptocurrencies but don\u2019t know where to get started, this article will provide some guidance. The following three methods are the most [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/320"}],"collection":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/comments?post=320"}],"version-history":[{"count":1,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/320\/revisions"}],"predecessor-version":[{"id":321,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/320\/revisions\/321"}],"wp:attachment":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/media?parent=320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/categories?post=320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/tags?post=320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}