How to buy cryptocurrency

[sonaa]

Hello friends, if you want to use cryptocurrency to buy products and services, or are using it, you will need to visit a cryptocurrency exchange.   These are businesses that allow you to buy or sell cryptocurrencies, like stocks, from other users at the current market price.   After buying coins, you will need to transfer them to a digital wallet or use a third-party service like Coinbase to store your coins.

[MUGNIA]

I personally if I buy crypto for long term I will store my crypto in a personal wallet not in an exchange. but if for short term or trading I will still store it in an exchange wallet

[0t3p0t]

Hello friends, if you want to use cryptocurrency to buy products and services, or are using it, you will need to visit a cryptocurrency exchange.   These are businesses that allow you to buy or sell cryptocurrencies, like stocks, from other users at the current market price.   After buying coins, you will need to transfer them to a digital wallet or use a third-party service like Coinbase to store your coins.

Here in my country and I think any other countries has access to centralized and decentralized exchanges whether local or foreign ones and we also have these digital e-wallets that offers services for buying and selling of cryptos and at the same time it also has features like storing your funds in there but it is not advisable for some reason so much better to use cold wallets or non custodial wallets for full control.

[Aanuoluwatofunmi]

Hello friends, if you want to use cryptocurrency to buy products and services, or are using it, you will need to visit a cryptocurrency exchange.   These are businesses that allow you to buy or sell cryptocurrencies, like stocks, from other users at the current market price.   After buying coins, you will need to transfer them to a digital wallet or use a third-party service like Coinbase to store your coins.

Or you suggesting an ideal way to buy and hold a crypto? if my guess is right, then you're not giving the right information completely, if one should make use of an exchange in buying any crypto, then the best way is to take it off a centralized exchange to a non custodial wallet for holding, i don't know if you have ever come across this common slogan of "not your keys, not your coins" this is what you get if you're using a third party exchange or centralized institution to hold your coins.

[philipma1957]

Every country has different rules. If you are usa based you can buy and store on PayPal.
I purchased based 100 usd in btc and 100 usd in ltc they sit in a paypal account.. Do I advise this no but it is one of many ways to buy crypto.

[bitterguy28]

Hello friends, if you want to use cryptocurrency to buy products and services, or are using it, you will need to visit a cryptocurrency exchange.   These are businesses that allow you to buy or sell cryptocurrencies, like stocks, from other users at the current market price.   After buying coins, you will need to transfer them to a digital wallet or use a third-party service like Coinbase to store your coins.

some might prefer to hold their coins in an exchange because they are constantly trading anyway but the safest way to hold your coins is through a wallet there are wallets where you can directly purchase your coins in from

Every country has different rules. If you are usa based you can buy and store on PayPal.

in some countries some exchanges are actually banned for example binance it is blocked in some countries which makes it a bit more complicated to go and buy some coins in though there are still some platforms that offer crypto but like in paypal i do not trust it much nor do i think it is one of the best ways to buy crypto

[bisdak40]

In my country, If you are a beginner you can buy and sell cryptocurrency from digital wallets like Gcash, may, or coins.ph and are safe to use because the Bangko Sentral of the Philippines regulates them and They are used for various financial transactions, like sending and receiving money, paying bills, buying load.

[Sim_card]

Hello friends, if you want to use cryptocurrency to buy products and services, or are using it, you will need to visit a cryptocurrency exchange.   These are businesses that allow you to buy or sell cryptocurrencies, like stocks, from other users at the current market price.   After buying coins, you will need to transfer them to a digital wallet or use a third-party service like Coinbase to store your coins.

You only need an exchange to buy cryptocurrency through p2p payment method amd after that, it is advisable that you transfer your coins to a noncustodial wallet that is open source for bitcoin and from there you can pay for any product that you want to purchase with bitcoin. It is only when you want to trade that you are to leave your coins in an exchange of not it is not advisable to keep your coins in Coinbase because they are in control of your private keys.

[0t3p0t]

In my country, If you are a beginner you can buy and sell cryptocurrency from digital wallets like Gcash, may, or coins.ph and are safe to use because the Bangko Sentral of the Philippines regulates them and They are used for various financial transactions, like sending and receiving money, paying bills, buying load.

That is how convenient to use these e-wallets are and the fees are I think quite lower compared to other services available online so we still have the best choice in buying and selling cryptocurrency here in our country. Hopefully more institutions will open up businesses like that with features specifically designed in trading cryptocurrencies as we all know the more businesses dealing healthy competitions it is always the users advantage.

[Dr.Bitcoin_Strange]

Yeah, when you want to use cryptocurrency, you can actually buy from a centralized or decentralized exchange and you can also spend on a paid crypto service that you want to, you can also buy Bitcoin via p2P from anyone that wants to sell their Bitcoin, but when you want to safely store your coins, centralized exchange is not the best place to do so. Storing your asset on a third party platform is greatly discouraged.

[albon]

Your description is correct but we always use hardwired wallet for long time investment. But if we are investing or trading for short time then we accept top exchange so that our fund is safe. By far the best digital wallets for holding bitcoin and altcoins are metamask and trust wallet. Their security system and safety is good, moreover you can easily use it without any kind of trouble.