The modern world of cryptocurrencies is becoming more accessible and popular. Cryptocurrencies provide unique opportunities for investors and users. Buying cryptocurrency may be easier than you think. Let's take a look at the different ways and platforms that are available to do this.
Exchangers
Cryptocurrency exchanges are one of the easiest and fastest ways to buy crypto. There are a large number of exchange points, both online and offline. Simply select the desired currency for the purchase or exchange transaction and follow the instructions on the website. The work of crypto-exchangers is based on digital wallets, where users can store their cryptocurrency assets. The main task of the exchanger is to ensure fast and safe exchange of cryptocurrency for other assets. Such services provide services such as exchanging cash for cryptocurrency, exchanging one cryptocurrency for another and vice versa, as well as withdrawing cryptocurrency to bank accounts or payment systems. To choose a reliable exchanger, read the reviews of other users about the exchanger in the search engine, on profile sites, in social media. Reviews can give an idea of the reputation and reliability of the service, and you can find them on specialized forums and sites, but more on that later.
Most crypto exchangers have a simple you give-and you take interface. For example, I give USD and receive USDT TRC 20.
That is why, as we can see screenshot below, giving 500 USD we will receive a smaller amount.
When you pay in dollars, in order to receive cryptocurrency, you need to specify the crypto address to which you want to receive USDT. This can be your crypto wallet or you can directly specify your crypto wallet from your ArtCap account to top up deposit.
P2P exchange
P2P exchange (person-to-person) allows you to buy cryptocurrency directly from other users. Popular P2P exchange platforms include cryptocurrency exchanges. On these exchanges, you can find sellers who offer cryptocurrency (usually Tether) in exchange for bank transfers via warrant. A P2P platform on a cryptocurrency exchange is not the most reliable way to buy, as there is no guarantee of the origin of the funds transferred to your account. However, this is a popular method, as the commission here is usually low or absent. With such an exchange, the crypto exchange acts as an arbiter if certain problems arise.
Cryptocurrency exchanges
Cryptocurrency exchanges are the backbone of the cryptocurrency industry. In terms of compatibility, this is also a popular place for buying and selling crypto-assets. After all, the majority of newcomers who take their first steps in the world of digital assets come to crypto exchanges first of all.
Crypto exchanges allow not only to buy and sell cryptocurrencies. They are also often used as a storage place for purchased crypto-assets and a platform for exchanging one digital asset for another.
On crypto exchanges, you can also buy cryptocurrency for fiat and store it there. Although precisely for storage, they are not considered the best places, since your access to your assets will be with third parties. The scheme is simple. Buy and send to your ArtCap wallet to top up your brokerage account.
Cryptocurrency wallet
To store digital currencies, it is important to choose a reliable crypto-wallet with several degrees of protection, access to investment opportunities, trading comfort and adequate commissions. Basically, a crypto wallet is a repository for public and private keys to access your digital assets. Thanks to it, you will be able to safely make cryptocurrency transactions (buy, sell, exchange coins).
There are several types of crypto wallets:
- hot. Such software wallets can be available in the form of desktop, mobile, browser applications. Their main advantages are ease of use and high speed of transactions.
- hardware wallets (cold storage). Most often, these are USB devices with recorded private keys. There is no permanent access to the Internet, so the level of protection is higher. This is the best option for long-term storage.
- exchange wallets. These are basically hot wallets that are provided for use by cryptocurrency exchanges. They are convenient for trading, they are distinguished by fast replenishment and withdrawal of funds. The key drawback of some of them is insufficient level of protection.
The purchase scheme in crypto wallets is standard. You give fiat, you get the desired cryptocurrency.
One of the most popular sites that selects you exchangers with the best rates is bestchange.com. There you can choose to exchange digital currencies, crypto exchange balances, online banking, money transfers, cash, etc.
There are several other ways to get cryptocurrency for fiat (electronic wallets, neobanks, etc.), but the methods we described above are the fastest and easiest. There are enough of them to exchange fiat currency for crypto-assets and start trading successfully.
Exchanging cryptocurrency for fiat is the same. You send the crypto asset to the specified address and receive fiat currency to the bank cards and accounts specified by you.
We wish you successful trading with ArtСap !