How to buy cryptocurrencies: a step by step guide
The cryptocurrency, a digital or virtual currency that uses safety encryption and is decentralized, has gained enormous popularity in recent years. With the increase in blockchain technology, investing in cryptocurrencies has become more accessible than ever. In this article, we will guide it through a step -by -step guide on how to buy cryptocurrencies.
Why buy cryptocurrencies?
Before immersing it in the purchase of cryptocurrency, we understand why it is worth considering. Cryptocurrencies have the potential to be a beautiful value store and inflation coverage. Many experts believe that cryptocurrencies can exceed traditional currencies such as the US dollar in the future.
Choose an exchange of cryptocurrencies
The first step for the purchase of cryptocurrencies is to choose a reliable exchange platform. There are numerous exchanges available, but some popular options include:
- Coinbase: known for its intuitive interface and a wide range of compatible cryptocurrencies.
- Binance: one of the largest worldwide exchanges, which offers a wide selection of advanced cryptocurrencies and commercial characteristics.
- Kraken: A consolidated exchange with a strong reputation for security and reliability.
When choosing an exchange, consider factors such as commissions, liquidity and support for cryptocurrency choice. You must also read reviews and look for the safety measures of the exchange to ensure that your investment is safe.
your account configuration
To buy cryptocurrencies, you must create an account with the exchange platform for your choice. Here are the steps:
- Create a new account : Go to the Exchange website and click “Register” or “join our community”. Complete the registration form with your email address, password and other details.
- Verify your identity : The exchange will require verifying your identity through an identification of document issued by the Government (such as a passport) or a management test. This is done to comply with money laundering rules.
- Deposit funds : Transfer the funds required to finance your account. Most exchanges accept bank transfers, bank transfers and credit card payments.
Purchase of cryptocurrencies
After configuring your account and verifying your identity, it’s time to buy cryptocurrencies!
- Select your cryptocurrency : Explore the cryptocurrency list compatible with Exchange and choose what you want to buy.
- Establish a budget : Decide how much money you want to spend for the purchase of cryptocurrencies. Consider establishing a budget before making a transaction.
- Make an order : Click the “Buy” button next to the chiptomoned choice. You will have to select the amount and price of the currency.
Financing of your account
To finance your account, you can use several methods:
* Banking Bank : Most exchanges allow you to transfer funds from a bank account.
* Credit card payment : Many exchanges accept credit card payments through services such as PayPal or Stripe.
* ATM Sampling: Some exchanges offer ATM sampling services for a small tax.
Fiscal implications
As for any investment, it is essential to understand the tax implications of the purchase and detention of cryptocurrency. In most countries, cryptocurrency is considered property and is subject to profits in capital gains. Consult a financial consultant or a tax professional to determine their specific tax obligations.
Security precautions
To protect it from potential risks, follow these safety precautions:
* Use safe passwords : Create unique and complex passwords for your account.
* Enable 2 factors (2FA) : Add an additional security level by enabling 2fa in your account.
* Monitor the activity of your account : Verify the activity of the account regularly to detect any suspicious transaction.