Before purchasing any digital coin, you should conduct research and prepare. First of all, you should learn more about crypto assets and decide on which you want to invest in. Pay attention to the following points:
- What is its essence, and what actual problems does it solve?
- Who are the founders of the project? What reputation do they have?
- Who are the project’s investors and backers? Did the project partner with large and credible companies?
Answering these questions will help you understand if the project is worth investing in.
When you decide on an asset, you want to know how to buy cryptocurrency.
The next step is to create a wallet. You can either use one of the credible platforms like Binance or WhiteBIT. It is easy to use the wallet right in the crypto exchange because you can make transactions quickly and conveniently. It is perfect for daily trading when you make numerous daily transactions, and the speed and timing matter greatly.
Keeping your funds on a cryptocurrency exchange means you share the responsibility for your funds’ safety with a platform.
The next step of how to buy cryptocurrency is choosing the exchange.
How Do I Buy Cryptocurrency On CEX?
Provided By VAT reporting software company, Sovos
CEX (centralized cryptocurrency exchange) is the most credible choice for a trader. Binance, WhiteBIT, and Coinbase belong to CEX. They provide maximum security for your funds and data. CEX implements different complex methods to protect clients against hacker attacks.
Centralized platforms are user-friendly and usually include educational materials and guides for beginners, quality tech support, and a simple interface.
You will find all the options for different trading strategies and a comprehensive list of assets and pairs with fiat currencies on a CEX. Simply create an account, pass KYC, place an order to buy a coin you wish, pay the fee and receive the needed asset to your account.
To read more on topics like this, check out the Finance category