Buying Your First Crypto-Coin

Perhaps one of the most interesting things to have occurred in 2017 that caught the whole world by surprise, was the sudden (yet gradual) increase in price of bitcoin! Its only obvious that people would want to get in on this crypto-journey and make some extra money. And perhaps the hardest part of this entire journey (especially for a newbie) is knowing where to start. Like I mentioned before, there are more than a thousand crypto-coins in the market right now and it is not possible to buy all of them through cash (a better term for this would be fiat currency). Possible reason for not being able to buy alt coins through fiat currency:

Most exchanges don’t support newer alt coins with fiat because of the lack of support for them. Bitcoin has been there for a long, long time and is basically a household name in the crypto-world.

As a result, the general practice is to buy some of the well-known coins such as Bitcoin, Ethereum or Litecoin and use them on exchanges to trade for other alt-coins. There are many places where you can directly buy these coins from. Converting cash (say for example, US/Canadian dollar) into bitcoin is fairly easy, contrary to popular beliefs. Some ways include (but not limited to):

· Bitcoin ATMS: A bitcoin ATM is an internet device that allows a person to exchange cash for some bitcoin. However, they seem to be…