How To Buy Cryptocurrencies
Exchanges, sign up bonuses, passive income, resources and more
As more and more people, institutions and companies adopt cryptocurrencies such as Bitcoin, Ethereum and other alt coins or tokens in our modern world this simply means we are very much approaching a new era where digital assets are becoming the norm. With this in mind, it is time for the world to know what platform to use to trade cryptocurrencies while being mindful of the fees that surround each and every digital asset exchange. For instance, if you want to buy cryptocurrency using your fiat currency (any of the paper currency the world currently has or is able to print more) then you can easily do so by getting verified first on an exchange such as gate, kucoin, binance, crypto, okcoin and gemini. You can also use my referral links down below to get a sign-up bonus!
So, you’re probably wondering which one of these exchanges to use and what are the pros and cons of each one. Let me start off with Gate.
Gate is similar to all the other exchanges I’ve mentioned when it comes to trading (and more) cryptocurrencies but the only difference is they have more cryptocurrency/token to choose from compared to the rest, have built in wallet where you can deposit crypto from an external wallet or using fiat currency https://www.gate.io/en/buy_crypto or withdraw crypto to an external wallet. They also have some awesome charts with indicators which can help us with our trades, options to choose from such as borrowing (not recommended for beginners), lending and more (feel free to check out the app to know more).
On the other hand, Binance has only some of the best cryptocurrencies in the market but on the plus side you can sell your cryptocurrencies & withdraw them directly to your bank similar to crypto exchange, has a really helpful chart with indicators, built in wallet where you can deposit crypto from an external wallet or using fiat currency and withdraw crypto out of Binance to an external wallet or sold as USD and be withdrawn directly to the bank.
Crypto has a little bit more variety to choose from and they also have the option of staking cryptocurrency which simply means you can earn rewards for helping run the network through staking compared to Binance where the only thing you can do is trade cryptocurrency.
Kucoin is pretty similar to Crypto (and a little bit like Gate) where you can stake cryptocurrency and even lend cryptocurrency to gain passive income, trade cryptocurrencies and it also has charts with indicators.
Okcoin doesn't have much crypto to choose from unlike all the other crypto exchanges I've mentioned. But it is still worth checking out especially if you want to know what exchange works best for you.
I've tried every single one of these exchange for myself and I'm still using Gate, Kucoin and Binance for diversification purpose and other benefits of having more than one trading platform. Since Gate has a lot of other crypto compared to Kucoin & Binance while Binance helps me quickly sell & withdraw my crypto if I ever want to cash out. I've slowly transferred my crypto assets from one to the other while keeping in mind high market volatility and fees. I recommend converting your assets to Litecoin, Bitcoin Cash, Ethereum Classic, Tron, EOS, XRP or Nano as these have the lowest transaction/withdrawal/deposit fees according to https://www.fool.com/investing/2018/03/30/which-cryptocurrencies-have-the-lowest-transaction.aspx
But feel free to do your own research as well, there might be other crypto worth looking into in terms of low fees.
Now let me talk about Gemini, the exchange platform is similar to Okcoin because of the fact that there are not much cryptocurrency selection and Kucoin because of your option to earn interest on a few select crypto currency you can lend/stake. You pretty much have the option to trade or just HODL (Hold On for Dear Life) to earn income in either the short or long term.
Blockfi is another ok crypto exchange which I actually haven't used yet but have an account with. They give you the option to earn interest on your crypto such as stablecoins which are pegged to the USD or other stable asset such as gold meaning their price is not affected much by the high volatility of the market. Blockfi doesn't have much crypto asset to choose from.
If you want to get into gaining profits from passive income instead of dealing with the hassle/pressure from trading then you can also try Celsius. They have both stable coins & cryptocurrencies you can put your money in and you gain APY on them. You can buy using your debit card, credit card or transfer crypto from an exchange/external wallet directly to Celsius to start earning interest on them. They only have a few selection of crypto so be sure to check them out first before you decide to make a move.
And as I was saying before about more and more people, institutions such as banks & other companies are adopting cryptocurrencies; well it is true according to my online resources down below some of the biggest retailers/banks such as Microsoft, Home Depot, Subway, Tesla, Daymak, Paypal, JP Morgan Chase, Citi Bank are already accepting cryptocurrencies as a payment/investment option. Also, I want to simply add that Daymak Spiritus even has a built in cryptocurrency mining software/hardware and it runs on solar/renewable energy. Mining cryptocurrency is another way you can earn passive income and I've recently invested in a Bobcat Miner Hotspot which provides internet to the people and in return you can earn Helium (HNT) which is going for $15/coin right now. Unlike mining Bitcoin, Ethereum or Chia which tend use a lot of electricity and GPU/ASIC or Hardrive power, mining Helium only requires 5W from having that hotspot up and running. Feel free to take a lot at the links down below for more information about mining, lending/staking, and sign up bonuses!
I’m not a financial advisor so I can’t be held responsible for telling you what to buy or sell since this is all for informational/educational purpose only. But what I can tell you is check out www.coinmarketcap.com for the top 10-20 and some of the top 100 (at most 200-300) cryptocurrencies and further do your research on them by checking out either the white paper or websites of each crypto you choose to know more about the project. And remember, don’t invest what you can’t afford to possibly lose.
Join my group for regular updates & open discussion about the crypto/stock market! We currently have over 200 members and this group has only been up for a little over a month at the time of writing.
https://www.facebook.com/groups/stockcryptomarketsnlg/
Tired of using your phone? Use bluestacks to access phone apps on your computer.
https://www.bluestacks.com/
Sign up with my links and earn a bonus!
https://www.gate.io/signup/4665909
https://www.kucoin.com/ucenter/signup?rcode=rJC44FN&lang=en_US&utm_source=friendInvite
https://accounts.binance.us/en/register?ref=54665936
https://crypto.com/app/cvqq2fj6yf
https://www.okcoin.com/join?channelId=600061956
https://gemini.com/share/grppx9zcx
https://blockfi.com/?ref=4876cf3f
Join Celsius Network using my referral code 1742228306 when signing up and earn $40 in BTC with your first transfer of $400 or more! #UnbankYourself
https://celsiusnetwork.app.link/1742228306
Start Mining Crypto Today with only a hotspot (monitor/control using your smart phone/computer) that run on 5W electricity which is equivalent to a light source!
https://www.bobcatminer.com/
https://explorer.helium.com/coverage#2.2/39.83/-65.58
Start Mining Crypto Today using your Hardrive!
https://www.chia.net/
Start Mining Crypto Today using GPU/ASIC
https://www.betterhash.net/
Sign up using my link to earn free stocks. Trade Crypto & Stocks with Robinhood today!
https://join.robinhood.com/joemarc2
Sign up using my link and earn between $20-$500 you can use towards stocks or cash out!
https://get.stash.com/joemarie_dn2wtbb
Keyword: Buy crypto
Long-Tail Keywords: buy crypto with credit card; best way to buy crypto; how to buy crypto; buy crypto currency; best cryptocurrency to invest in 2021; best sites to buy cryptocurrency
Resources:
https://www.fool.com/investing/2018/03/30/which-cryptocurrencies-have-the-lowest-transaction.aspx
https://decrypt.co/62688/what-seven-banks-have-said-about-bitcoin
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
https://www.buybitcoinworldwide.com/who-accepts-bitcoin/
About the Creator
Hobbies • Skills • Talents • Passion • Profession
I'm currently a Multimedia Media Design/Graphics & Web Alumni of Devry University, fitness/health enthusiast, mushroom cultivator/forager, gamer since 5yrs old. Born: 12/23/1992, Married: 06/23/18 & a Father
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Stock & Crypto Market Exchange
Many of us are probably familiar with the stock market since it has been in existence for about 400 years but not a lot of us know about cryptocurrencies yet as they’re fairly new to our economy. I’ve done some digging & researching myself and according to some of my findings & readings online that both crypto & stock markets are equally risky meaning price fluctuations can be pretty common every so often. So before you even think about investing always remember to only invest what you’re willing to play with because you could either lose it or gain more from it if done with a less aggressive but more of a moderate/conservative approach & make adjustment as needed. Keep in mind the charts of each & every stock/crypto you want to invest in as this is one of the things that’ll help you make better predictions & investment decisions aside from the company of the stock(s) or crypto you’re investing in. Another is doing research about the stock/crypto alone may also help in making better predictions/investment decisions. Most importantly, knowing when to sell and buy is equally as important in making those short or long term gains. The point is simply to buy in low price, hold & know when to sell in high price which can happen in a week, month, a few months, a year or even in many years. The gains you can get will depend on how fast the growth of stock/crypto is going, the market cap of the stock/crypto, the purpose/reputation of the company of the stocks/crypto you’re investing in and ultimately how the economy is doing in general. So far, the total market cap of crypto just reached 2 Trillion USD whereas the total stock market cap is right around 50 Million USD. Moreover, crypto trading is 24/7 whereas the stock market has limited trading hours & have weekends/holidays off. The stock market may be more matured than crypto but it is pretty hard to know when things will either crash or go as high up as the moon. There are stocks/crypto less than a dollar worth which they call penny stocks/crypto and some are even below 1 cent such as the popular joke crypto Dogecoin when the coin was less than a cent for a few years until it hit .1 per coin and now it’s .59 per coin at the time of writing this. Diversification of portfolio is a good thing to do incase a stock/crypto or two price drop so we don’t end up losing a lot of our money within our portfolio. I’d say, anything above 20% of our portfolio being crypto while 80% is a mixture of stocks/ETFs/bonds is considered an aggressive approach to investing whereas 5-10% of our portfolio being crypto while 90-95% is a mixture of stocks/ETFs/bonds is considered moderate/conservative approach. Whichever strategy you choose is up to your experience, knowledge and how much starting capital you’re willing to invest. Now, if you’ve read this far then you must be wondering how to start investing in stock, crypto or both. Here are some of the best apps I recommend to both beginners and experts which you can find in the app store. 1. Kucoin is a great app where there are a lot of cryptos in various price range to trade such as coin worth below a penny, a dollar or more, a hundred dollar or more and bitcoin which is as high as 55,412.20 at the time of writing this. They also have charts and other features that you can use to better help ourselves with trading. They have an internal crypto wallet which acts as a store for your crypto. You can also transfer crypto from an outside wallet to the app’s internal wallet as long as it supports the crypto. Some of the widely supported crypto in most platforms are btc, usdt, eth and more. 2. Crypto.com app is another great app where they show you a list of currently trending or hot crypto but not much penny or under a penny crypto. They also have charts and their own crypto wallet. You can also transfer crypto in or out of the app. 3. Robinhood is a decent app for trading crypto/stocks but you can’t really transfer crypto into the app from an outside wallet and they don’t have any under a penny crypto/stock. 4. Stash is a good app as well but they only allow stock trading here. They have features such as auto investment & smart investment where the app will help you in the decision making of your investments but it has a monthly fee.
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