How to buy cryptocurrency and compair different cryptocurrency prices
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| How to buy cryptocurrency and compair different cryptocurrency prices |
How to Buy Cryptocurrency: A Simple, Step-by-Step Guide
As we know how cryptocurrency growing day by day and everyone wants to buy cryptocurrency. But people don't know how to buy cryptocurrency and which one is best cryptocurrency and also it should not be very costly so in this article we will discuss about how to buy cryptocurrency and what are the different cryptocurrency prices.
Introduction to cryptocurrency
Cryptocurrency is a new kind of payment system that is supported by blockchain technology. It is actually a new digital system based on different types of digital money called as cryptocurrency, as cryptocurrencies are in a process of beta testing since 2010. They are simply digital money with a similar nature as bank money but different mechanism, which is used for buying and selling.
The word cryptocurrency can also be defined as virtual currency which can be used by any individual, anywhere, anytime to buy anything and can be sent anywhere by electronic means and digital means which is like a bill and like any regular currency of a country. More than half of the world's population is less than 30 years old and the numbers will be more.
What are the popular cryptocurrencies?
If we talk about the popular cryptocurrency, then you can consider Bitcoin, Ethereum, Ripple, and Litecoin as it's among the popular cryptocurrencies. Bitcoin is the most famous cryptocurrency and is known as the world's largest cryptocurrency by market capitalization.
For the first time ever in November 2008, Bitcoin was introduced into the global financial system by an individual using the alias Satoshi Nakamoto. Bitcoin uses cryptography to enable instant payments to anyone, anywhere in the world, without the need for third party verification. How to Buy Bitcoin? To buy cryptocurrency you will need a bitcoin wallet. Bitcoin wallets are digital and are provided with an application or a web page.
How to buy cryptocurrency
The first thing you should know about how to buy cryptocurrency is that, it is not as easy as buying other normal items.
1. First you need to find the right website and then the right method. There are multiple ways to buy cryptocurrency, the most common way is to use your credit/debit card or Paypal or any other online payment system. The most obvious downside is that the payee can reverse or charge back your payment.
2. The second method is to use a cryptocurrency exchange such as Coinbase, bitwise, Kraken or any other trading website. What is a cryptocurrency exchange? The exchange website will buy cryptocurrency directly from the seller and sell cryptocurrency to you. You can trade with any other user at any time and it is not as common as regular retail exchanges.
Conclusion
I hope guys, you have easily understand about What is Cryptocurrency?, What are the Popular Cryptocurrencies? and How to buy Cryptocurrency? so if you are also a fan of cryptocurrency and wanted to invest in cryptocurrency then this article will help you to buy cryptocurrency.
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