Are you following crypto prices? Do you know everything about payment methods? Have you seen every tutorial on Youtube about investing in crypto? Have you read all the articles about digital currency? You are ready and confident that you want to buy and sell cryptocurrency. But how and where to do it? The popularity of digital currencies is still growing. On the Internet or mobile app, you will find a huge selection of crypto exchange platforms that mediate the purchase of all cryptocurrency. And it is up to you which one you choose.
So how to get started? If you want to buy crypto such as Bitcoin and Ethereum which you will find on the CoinCasso exchange platform, you should remember to store all your digital currencies safely. That’s why you should put your cryptocurrencies in your wallet at the very beginning. You will need it no matter how you buy crypto. You can use hardware wallets, paper wallets or desktop wallets. You will find detailed descriptions of all the wallets in our article “Where to store your cryptocurrency”.
The most important thing is to keep your access keys in a safe place. Remember the appropriate level of complexity of passwords and use only proven internet connections. So invest in a bitcoin wallet.
Create an account on the crypto exchange
If you already have a wallet, it’s time for your first purchase of bitcoin and other digital currencies. There are many platforms available on the market that mediate in the purchase of cryptocurrencies. When choosing a trading platform, check its reliability and functionality.
Registration on the CoinCasso exchange is very simple and does not differ from creating accounts on other services. At the very beginning, go to the company’s website and click “Register”. Then you will see the first of the platform’s security features – two-factor authentication. This process is very important because it increases platform security.
The same way of verification also uses Facebook. To go through this part, download the Google Authenticator application and rewrite the 2FA Token. The next step is to fill in a simple form, in which you can find data concerning e-mail address, password and referral code. Read and accept the agreements. Click the “Create account” button. It is important to verify your e-mail address. Therefore, check your mailbox where you should find a verification message. If you have already done so you can log in to your account.
While logging in you need to go through additional device authorization. Team of this cryptocurrency exchange has sent a message to your e-mail address for this purpose. After the authorization, the next step is to accept all security risk notifications. The last step is to complete the data. That is all! Simple, right?
Deposit the funds
Do you want to fund your account? It’s easy. On CoinCasso you can easily and quickly deposit and withdraw funds using the “Wallet” page. When you choose any digital currency you will receive your unique deposit address. You can use this address to transfer Bitcoins, Ethereum or Tether to your trading platform. Remember to make sure that the money is transferred to the correct address of the specific digital currencies This is very similar for deposits and withdrawals of FIAT currencies such as EUR or USD. In this case, however, it is important to correctly enter the IBAN bank number and the title of the transfer.
The withdrawal process is very similar to a deposit. You need to enter a specific amount and address of the wallet to which you want to send your funds. At the very end, you must verify the transactions with 2FA and mail. That’s it, the next easy step behind us.
How to buy cryptocurrency on an exchange platform?
Do you want to buy and sell the first digital currencies? Of course, you can do it on the CoinCasso cryptocurrency exchange. If you are already logged into your account, go to the “Exchange” tab. At the very beginning, you have to choose your trading pair – you can do it on the right side of the CoinCasso logo.
All the data, i.e. the amount of BTC you want to buy for EUR, or vice versa in a panel. If you have already filled in the data, the total amount will be displayed with all fees deducted. Then just click “Buy BTC” to make an offer. Your offer will be immediately available and finalized when another user accepts it.
The same process is applied to the sale of any digital currency in the market.
An alternative way of crypto purchase is the OTC market. And what is that? It’s a decentralized OTC market, which has no supervisor. Transactions are made directly between market participants.
The exchanges maintain the current market price of individual cryptocurrencies. Additionally, trading on such platforms is transparent. In OTC trading, however, the price of individual digital currencies is not disclosed. Therefore, it is difficult to determine the size of the OTC market. The discrepancies in the data presented are enormous – there are results ranging from 250 million dollars to 30 billion a day! It is worth adding that the daily volume of crypto on the exchanges is about 15 billion USD.
One of the main advantages of OTC trading is the lack of limits, which are set on the crypto exchanges. Therefore, it is a suitable solution for those who want to trade huge values of various cryptos. Additionally, this solution ensures greater anonymity.
Cryptocurrency instant buy on the exchange
Bitcoin, Ethereum or Bitcoin Cash are the currencies that you associate instant buying. Of course, cryptocurrencies are not available in a regular stationary exchange, as they are known to have a virtual form. There are exchanges specially designed for digital currencies, where in less than half an hour you can buy and sell Bitcoin and other cryptos.
There are many crypto exchanges, but it is not worth using them all. Of course, just like in the case of FIAT currencies, pay attention to the exchange rates of digital currencies at a given exchange office. Be careful to analyze where it’s best to sell Bitcoin and where it’s best to buy BTC.
When choosing an exchange, pay attention to the payment methods you can choose when buying Bitcoin and other cryptos. You must adjust the method to your preferences. Most often each exchange has several payment options. In general, buying through an exchange office is quite simple. All you have to do is create an account and verify it. If you have already done it, you can go to the start page and invest in the crypto.
In addition to the crypto exchanges, you can also buy cryptocurrencies with BTC ATMs. This is a good option if you want to make an anonymous and quick purchase. You can buy Bitcoin with a debit card or cash. Most of such ATMs work according to standardized procedures, like in every ATM. So you shouldn’t have any problems when shopping if you follow the instructions for using the ATM.
Bitcoin, Ethereum and other cryptocurrencies are an interesting form of investment that more and more people are choosing. However, remember that the process of crypto shopping requires preparation and appropriate knowledge. Choose only proven investment platforms that will help you spread your wings. Just like CoinCasso.