How to Buy Cryptocurrency in 2025 Our Expert Guide

In this case, you can transfer it to that broker or exchange on which you want to trade it so long as the platform accepts crypto deposits. Certain platforms like SoFi, eToro and Webull don’t accept crypto deposits (or allow withdrawals). The best way to buy crypto is to research coins and use one sell bitcoins for paypal of the major cryptocurrency exchanges. The easiest and best way to buy cryptocurrency for beginners is through reputable crypto exchanges. Ensure you research the currencies you wish to buy cautiously and choose trusted crypto exchanges.

• While it may seem like a shortcut to larger gains, it also multiplies your losses — often very quickly.
• Such features will make the crypto transition easier for traders from traditional brokerage accounts.
• This is essential for protecting your capital during sudden market crashes or black swan events.
• To do this safely, you should register with a licensed, top-rated forex broker.
• For those looking for a quality fiat-to-crypto exchange, there are more economic options.

Decentralized exchanges: Competitive prices, but more complex

Residents of every US state except for New York can use Crypto.com. Hedge With Crypto is an independent publisher that provides objective and free content. However, our editorial content remains unbiased, reflecting our own opinions or the general information available.

The Bitcoin Standard by Saifedean Ammous

Many service providers offer instant buy options, however, it is worth bearing in mind that instant buy methods like credit cards usually come with a slightly higher fee. Bank transfers are usually the most economic type of payment method but transferring fiat funds to a crypto platform can take anywhere between 1 to 5 business days. The easiest and most popular method for acquiring cryptocurrencies is through regulated crypto exchanges or brokerage services. These platforms have been designed to make the process of buying crypto as easy as possible and provide investors with the tools to store, track, and manage a cryptocurrency portfolio.

Deposit funds to a wallet

The agency also argued that crypto exchanges should register with the SEC as securities trading platforms. While crypto exchanges will generally feature bank-like security measures, the best way to store crypto after purchasing is within a separate cryptocurrency wallet. The two main methods to hold crypto are software and hardware wallets.

Payment Methods: Buying Bitcoin With a Card

As awareness and acceptance grow, estimates suggest that this number could rise to over 1 billion users by 2028, accounting for around 12% of the global population. So, there you have a good list to start with when trying to decide which exchange is right for you. Though, keep in mind that the best way to buy cryptocurrency using crypto exchanges will depend on many things — especially your location. CEX.IO is easy to use and very secure, just like Coinbase and Coinmama! The best thing about CEX.IO is that it is also a trading exchange. This means that, once you have bought your crypto, you can trade it for other cryptos by buying and selling it to other people on CEX.IO.

You can only lose your crypto if you lose the device or forget the private keys. Are you wondering how crypto transactions occur without a middleman like a bank? To understand how crypto works, you must learn the concept of blockchain.

Everything there is to know about this popular crypto-linked card can be found here. Crypto exchanges are the most popular platforms for buying and selling digital assets, but there are other avenues, too. Some investors also use Bitcoin ATMs, which are physical kiosks that allow you to buy crypto with a credit or debit card. These are owned by private businesses and generate revenue for their owners by charging transaction fees.

A hot wallet has a security risk because it’s stored on the internet and is more susceptible to cyberattacks. When you’ve selected a broker or exchange, the next step is to open an account. You’ll want to keep a form of identification nearby since some platforms require it. Depending on your 5 reasons why we don’t host bitcoin mining 2020 funding method, you may need to wait a few days for it to clear into your crypto account. Should you decide to use an exchange, you’ll need to find buyers for your cryptocurrency. The following steps can help you as you begin trading cryptocurrencies.

Choosing the Right Crypto Exchange

• If you’d rather invest in a fund, you can do so through your standard Fidelity brokerage account, again starting at $1.
• Gianluca contributes to Benzinga, is working on a Defi research project through Blockchain UCSB, and continues to expand his Web3 acumen daily.
• Hedge With Crypto aims to publish information that is factual, accurate, and up-to-date.
• Depending on the crypto exchange, you can trade one cryptocurrency for another, exchange fiat money (like the U.S. dollar) for cryptocurrency, or vice versa.

NerdWallet does not and cannot guarantee the accuracy what is cryptocurrency and how to use it or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance. Past performance is not a guarantee or predictor of future performance.

In the majority of cases, the minimum age limit to buy crypto is 18. This includes no-KYC exchanges that will prohibit minors in their terms and conditions. Despite these challenges, there are other ways to buy crypto under 18.

Of course, this may also be seen as a drawback for experienced investors. Traditional trading platforms, however, take care of most of the security process for you. This often means investors only need to keep track of one password and one account, instead of keeping track of complex private keys. Those who don’t have the time to learn crypto cybersecurity may find this route more manageable. Making informed decisions in this fast-paced market can lead to better outcomes and greater investment satisfaction. In this guide, you will learn about cryptocurrencies, how to choose the right one for your needs, set up your account, fund it, and ultimately make your first purchase.

Rather than investing, some people prefer to use top online brokers to trade instead. In this circumstance you don’t own the digital asset, rather you are entering a buy or sell position based on how you estimate the future price levels of a cryptocurrency will perform. A cryptocurrency walletBefore you purchase any cryptocurrency, you’ll need a place to store it. Much like you store normal currencies in bank accounts, cryptocurrencies are kept in crypto wallets. The wallet you’ll need will depend on which cryptocurrency you want to buy.

Your crypto exchange is your gateway to the digital asset universe. Picking the right one is crucial — especially for beginners — because it directly impacts your user experience, fund security, and ability to grow your portfolio. This growth has made cryptocurrency investment increasingly appealing, especially for newcomers seeking to diversify their financial portfolios. However, the sheer volume of options available — over 18,000+ cryptocurrencies listed across hundreds of exchanges — can overwhelm beginners. That’s why choosing the right cryptocurrency is a critical first step. Cryptocurrency offers several benefits compared to traditional currency, including increased privacy.