Where to Buy and Sell CryptocurrencyCryptocurrency has become a relatively popular field of activity amid numerous successful crypto projects emerging in the market. If you decide to join this field, this article would be helpful.
The crypto market has many pitfalls, and it is better to know it before buying cryptocurrency.
There are many services for operations with crypto. Beginner traders might wonder, where is the best place to buy cryptocurrency? And the answer is – centralized crypto exchange. Such platforms as Binance, WhiteBIT, and Coinbase are the most often used among traders. They all belong to a centralized type, meaning there is a revolutionary body tracking transaction that does not allow any illegal activity.
Beginner traders are recommended to start their journey in the crypto world with a centralized exchange. They are much safer, as they use many efficient mechanisms for providing clients safety. Besides, they are usually beginner-friendly and easy to handle.
Such platforms always have a full range of crypto coins. Besides, they allow purchasing digital assets right through a bank card. So if you have not got any crypto yet, and don’t know where to buy cryptocurrency, a centralized platform is the one you need.
Now that we found out where to buy and sell cryptocurrency, let’s turn to a not less important question.
What should you know before buying crypto?
- First and foremost, determine the digital asset you want to buy. You may follow the market trends or carry out your analysis. Better combine both options and make a decision. We warn you to be careful with fairly popular meme coins. Think about the essence of a project, what problems it solves, and who stands behind it?
- Decide where to purchase cryptocurrency. We have just discussed it in the first part of this article.
- Think about how much money you can afford to invest. Let it be a sum that you are ready to lose. The amount of money invested should not bring you discomfort.
- Pick a trading strategy. There are many of them. To practice and understand which is closer to you, you can use a demo account on one of the exchanges. For example, WhiteBIT allows this option.
Answers to these and many other questions you will find on the White blog. That is a resource with loads of information about the current market situation, popular coins, new projects, educational sections, and guides on how to trade, how to pass KYC, to buy crypto with fiat, etc.