In this article, we learn how to buy cryptocurrencies through the most famous platforms that provide comfortable and simple trading services.
Nowadays, there are many applications that allow even beginners to buy bitcoin and other digital currencies without necessarily having to understand the complex logic of the world of encrypted currencies.
Let’s discover the main solutions together.
How to purchase encrypted currencies using Trade Republic, Trading212 and Etoro financial applications
Financial applications are the most popular tools for those who want to discover them How to buy cryptocurrencies in a simple and intuitive way.
Among the most famous and firm companies, we find Trade Republic, Trading212 and Etoro.
Each of them offers a wide range of products in cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Solana, Cardano, Algorand, Litecoin and many others.
All of them work in the same way: First, it is necessary to download the application on the smartphone (or visit the website) and record the account.
This stage includes providing identity documents to ensure security and compliance with financial regulations.
Ensure that you get a identity document or a driver’s license, and at least one document proving your stay (bills, tax data, residency certificate, employer certificate).
Once the verification process is completed, you can continue to deposit money in the application account via bank transfer or credit card/discount.
At this stage, you can easily understand how to buy only a few clicks.
All three platforms Trade Republic, I Toro and Trade 212 It features a search tape where you will need to write the name of the currency you want to buy.
After clicking on the encrypted currency code, you should click on “commerce(Or “buying), Enter the amount you want to spend, and click the green confirmation button.
In the same way that the purchase is made, the sale can be made, and then the profit is converted to your bank account or your card.
However, it is important to emphasize how these applications appear Community costs (or price differences) are higher than the average industry.
You may find yourself paying up to 1% of the amount you buy or sell, depending on the basic system and the cryptocurrency concerned.
It is worth noting how to trade encrypted currencies in all the three mentioned applications as contracts for the CFD, that is, through the derived products that repeat the value of the currency indicated to them.
Purchase of cryptocurrencies through trading platforms: Binance, Coinbase and Bitpanda
Experiences like Pinns,, Queen Piece Bitpanda is online platforms for investors who want to learn How to buy cryptocurrencies in a comprehensive and varied way.
Unlike the financial applications mentioned in the previous paragraph, the stock exchanges focus only on digital currency trading and offer a broader and more convenient set at times.
These platforms also provide advanced graphics and very comfortable analysis tools, as well as competitive fees and supportive financial services.
However, the mechanism of its use is a little more complicated and requires knowing some basic concepts.
To start, it is necessary that Create an account (From the smartphone or web) and complete the KYC identification process by attaching your documents.
After that, users can deposit money through different options, including bank transfer, credit card and depositing cryptocurrencies from another platform.
After adding the money to your account, you will need to click on “commerce“in”spotThe section “Look for the cryptocurrency you want to buy.
The indicator is an abbreviation used to refer to a market asset, for example BTCOIN, ETHEREUM, and Sol for Solana.
If you want to buy Bitcoin, for example, on a stock exchange like Binance, you will need to write BTC/EUR in the search bar of the immediate trading department.
At this stage, you only need to specify “Mercato“In the type of order, enter the BTC amount you want to buy, then click.”Buy bitcoin“.
You can also determine the price limit you want to carry out by clicking onend“It is worth less than the current value.
It is important to note that there are always no trading pairs available in the euro on stock exchanges, as the majority listed in USDT, a stable currency that repeats the value of the US dollar.
If the market with its euro counterpart is not available, you must first convert to USDT by clicking on EUR/USDT.
P2P solutions to buy bitcoin and other digital currencies in an unknown way
P2P is an additional alternative option for those who want to know How to purchase cryptocurrencies in an unknown and direct way.
Pits such as Localbitcoins, Relai and BISQ allow users to buy Bitcoin and other digital currencies directly from other individuals in a very simple way.
This purchase method provides a certain degree of non -disclosure of identity, as transactions are carried out directly between the parties concerned without the mediation of a central platform.
The purchase of encrypted currencies begins to create an account on the chosen P2P platform and complete the verification process.
Be careful because to achieve maximum privacy, it is recommended to choose BISQ from among the proposed platforms, because it does not require the KYC verification.
Once you check, the user can explore sales offers published by other users and choose the offer that suits their needs.
P2P transactions can be made through various payment methods, including cash, bank transfers and prepaid cards
To find the most appropriate offer, you can filter searches based on the currency, payment method and exchange rate. Once you find the required offer, you can start the purchase by clicking on the offer and following the instructions to send the request to the seller.
It is important to pay attention and choose sellers with good reviews to avoid risks and ensure safe treatment.
Regarding BISQ, one of its most interesting features is the warranty system. When starting the purchase, both the buyer and the seller must deposit a small amount of money as a guarantee.
BISQ also provides a decentralized arbitration system to solve any disputes. The arbitrators are members of society who help resolving conflicts neutral.
Conclusions
In conclusion, we can mention that choosing the platform that a person wants to buy encrypted currencies depends mainly on the user’s previous experience and interests.
If you are looking for the most convenient and ease of all, the choice will definitely be on financial applications such as Trade Republic.
If you already have somewhat experience in this sector and are looking for a suitable solution that is still easy to access, you can use trading platforms like Binance.
If the goal is not to disclose your identity and you have a somewhat in -depth knowledge of the encrypted currency sector, then the most appropriate option is P2P platforms like BISQ.
