All the single cryptos: Investing in cryptocurrency

 Have you ever thought about investing in cryptocurrency but you weren't sure where to start? Not to worry! By reading this blog, you will learn:

• The top apps to buy cryptocurrency from
• Where to buy cryptocurrency
• How to buy it

According to the Google Trends graph, there has been a huge increase of interest of investing in cryptocurrency from 25% up to 100% after 31st January 2021.

Top apps to buy cryptocurrencies:

In order to invest in cryptocurrencies successfully, it is important to be aware of the best applications to buy them from. Below are the best applications to choose from: include Coinbase, Binance, Cash App and Bisq.

1. Coinbase: 

Coinbase is interested in building the 'cryptoeconomy' – a more fair, accessible, efficient, and transparent financial system enabled by crypto. They started in 2012 with the idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. 

2. Binance

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.

3. Cash App

Cash App is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.

4. Bisq

Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

Where to buy cryptocurrencies:

Cryptocurrency can be bought anywhere around the world. When searching it, it names a few countries you are able to buy it in, along with a list of apps you can buy it from. It is necessary to be aware of the applications you can buy it from as mentioned above, so that you can compare and contrast which ones you like best. 

How to buy cryptocurrencies:

First of all, location is important here because that’s where you can find where you can buy cryptocurrency. It is also vital to check your country’s regulations. There are many different types of cryptocurrency, so many applications sell different ones. For example, Coinbase sells Bitcoin. It is necessary to check each application to look for the cryptocurrency you want. As for the payment method, you can use cash, credit card or bank transfer.

Different applications accept a variety of payment methods. For example, Etoro accepts bank transfers and credit card, but not cash. Applications and websites may also vary when it comes to fees. Some sites don’t have a fee such as Kraken or Coinbase. Others such as Degiro charge a fee of 1 cent. It is important to check each site to see if they have fees.

Once you invest in cryptocurrencies, they are usually stored in cryptocurrency wallets, as mentioned as the second result on the graph below. There are three types of wallets: Online wallet, software wallet and hardware wallet. Some wallets can store more cryptocurrencies than others such as Exodus. Exodus is a software wallet that can store Bitcoin, Ethereum, Litecoin,Dash, EOS and others.

Interested? Be sure to check out some of our other blogs:

http://ucd-5469086.hs-sites.com/en/the-future-of-cryptocurrency

http://ucd-5469086.hs-sites.com/en/different-types-of-cryptocurrency

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