Where to buy Cryptocurrencies
We saw in a previous article how to buy Bitcoin: https://bitcoincryptoadvice.com/how-to-buy-bitcoin
If you have already bought one or more Bitcoins, you may want to buy other cryptocurrencies that interest you.
Because cryptocurrency is not essentially Bitcoin, there are hundreds of different cryptocurrencies on the market.
You can get an idea of different cryptocurrencies by going to the CoinMarketCap site for example (https://coinmarketcap.com/en/coins/views/all/), it lists all cryptocurrencies according to their volume, price, etc…
So where to buy cryptocurrencies ?
The best sites to buy cryptocurrency.
You will discover a whole universe behind Bitcoin, cryptocurrency, blockchain.
Bitcoin was the first cryptocurrency to come out in the world, then developers took over the computer code of Bitcoin to create their own cryptocurrency.
That’s what is called a Fork of a cryptocurrency, taking the code of Bitcoin to create a new coin issued from this orignial blockchain.
You have to know that there are a lot of blockchain projects in development and that many are not just cryptocurrency.
There are crypto projects in financial loan like Nexo or RCN, e-commerce site projects like Safex that aim to compete soon sites like Amazon.com.
There are crypto projects per country too, Neo is the equivalent of Ethereum but for China.
Waves is the same thing but for Russia.
The very good RFID project from Walton in China too.
It’s a bit like the new internet that is being built with cryptocurrencies and numerous blockchain projects around the world.
So there are interesting projects and other cryptocurrencies than Bitcoin that you can buy but be careful, do your own research before investing, all content and information on this site are not financial advice. You alone are responsible for your money and your decisions.
That being said so there are other cryptocurrencies to buy on the market but where to buy cryptocurrencies then?
Well, on cryptocurrency exchange sites, you will have to find the site that sells the cryptocurrency that interests you.
New projects like Safex for example will only be available on a few small exchange sites.
As the project develops, their cryptocurrency or coin will be available on more and more cryptocurrency exchange sites.
The project Kryll, for example, which is already released and working, is available on a Japanese exchange site called Liquid, with time and more development, you will find this token on new exchange sites.
The purchase of cryptocurrency can become very exotic when you want to buy a cryptocurrency that is not widespread.
The other important aspect is that many cryptocurrency exchange sites do not accept Euros or Dollars as a payment method, no transfer or payment by credit card.
It will be necessary that you already have cryptocurrency to send on this site to buy the cryptocurrency that interests you.
Let’s take an example, if you want to buy Kryll on Liquid, so first look at with which cryptocurrency you can buy Kryll on this exchange site, in this case you can buy Kryll with Ether or Bitcoin. (Https://app.liquid.com/exchange/KRLBTC)
This means that you will have to open an account on Liquid and then send Bitcoin or Ether to your Liquid account so you can buy Kryll.
You can also send another cryptocurrency that you already have as Litecoin, which you will then sell in Ether or Bitcoin on the site Liquid to buy the Kryll token.
(Liquid Exchange now accepts Fiat deposits but in the case of an exchange that only accepts cryptocurrencies as payment, you will need to send cryptocurrencies to your account on this exchange).
The advantage to pay with crypto to buy other cryptocurrencies is that it’s faster than a wire transfer from your bank!
Binance is also one of the largest cryptocurrency exchange sites in the world.
If you want to buy cryptocurrency but there are no blockchain projects that interest you in particular, then you can buy the main cryptocurrencies on the market like Litecoin, Ethereum, Dash, Stellar, Omisego, etc…
The advantage is that you can buy the main cryptocurrencies on big exchange sites like E-toro, Gemini, Bittrex, Coinbase, Bitstamp, Kraken. without having to risk registering on an unsafe crypto exchange site.
Important tips before buying cryptocurrency:
Ask about the site, if it is secure, the reviews available on the internet.
If the site does not seem safe to you, do not go there, there are other sites to buy your cryptocurrency or wait until the cryptocurrency you are interested in is available on an crypto exchange site that you like and trust .
Do not leave your cryptocurrencies on exchange sites, as for Bitcoin, you must store them on a wallet because a website exchange can be victim of hacking and see your cryptocurrency disappear!
Either on the wallet of the cryptocurrency you bought, if it has one available.
If the cryptocurrency you bought is an ERC20 compatible token.
You can store it on a wallet compatible with the ERC20 tokens that come from the Ethereum blockchain.
You need to find a wallet that accepts ERC20 tokens, a well-known is the ERC20 Myetherwallet: https://www.myetherwallet.com.
if you want to buy cryptocurrencies, you must first know on which site you can buy the cryptocurrency you are interested in.
The best solution is to use CoinMarketCap: https://coinmarketcap.com/en/coins/views/all/
You will know where you can buy the cryptocurrency that interests you.
If you want to buy one of the main cryptocurrencies on the market, it is certainly available on the site where you have already bought Bitcoin as Binance, E-toro, Gemini, Bittrex, Coinbase, Bitstamp, Kraken.
Store your cryptocurrency safely.
As always, do your own research before buying a cryptocurrency and investing money.
All this information is not financial advice, you are responsible for your money and your personal decisions.
You can continue your reading with this article and learn how to store bitcoin and cryptocurrency: https://bitcoincryptoadvice.com/how-to-store-cryptocurrency/
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Bitcoin and cryptocurrency maximalist. Alexander follows Bitcoin and crypto since 2015.