How To Begin To Purchase Cryptocurrency
For the last couple of months, we have been writing about a lot of different topics that center around cryptocurrency, marijuana cryptocurrency, blockchain and so much more. We have discussed the good things, the not so good things, we’ve given you advice on why you should purchase it, the security around it, and how to manage your cryptocurrency. With this subject in the news all the time, we wanted to write a blog post explaining how to begin the process of buying cryptocurrency.
According to Investopedia, “cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.” The most popular and most well-known form of cryptocurrency is Bitcoin which came on the map back in 2009. The latest statistics on bitcoin show that there are more than 17 million bitcoins in circulation with a value of more than $140 billion.
Benefits of Cryptocurrency
· Identity Theft
· Access to Everyone
· Lower Fraud
· Lower Fees
· Easier To Transfer Funds
How To Buy Cryptocurrency
While most people think it is hard to buy cryptocurrency, it really isn’t. According to Inc, “It’s not a stock or a typical “investment.” It’s not like anything most people have ever seen or experienced. You don’t get shares; instead, you get digital coins or tokens. The coins are “better” than a paper dollar bill because they actually support a greater cause, as in Ethereum’s case, to build a decentralized internet and host code and apps on a decentralized platform. And coins help “fuel” that cause without getting technical.
For most people in the U.S., Coinbase would be the easiest option to buy Ethereum, Bitcoin, or Litecoin (it doesn’t support any others yet). After verifying your account, you can add a number of payment methods including credit or debit cards, U.S. bank accounts, or even wire transfers of funds. Other options for exchanges that will take U.S. dollars for coins are Kraken, and Gemini in the U.S. Typically you will need to verify your account with a driver’s license and add other details to expand your buy limits.”
To further break this down, Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Kraken is a cryptocurrency exchange where market participants can trade the various cryptocurrencies. This platform allows those involved to buy or sell the cryptocurrencies using various fiat currencies, that include U.S. dollars, Canadian dollars, euros, and the Japanese yen. Finally, Gemini is a digital currency exchange and custodian that allows customers to buy, sell, and store digital assets.
So, if you’re ready to buy, we can help! Contact us today to learn more!
The TOKES Platform is a digital currency project built on the Waves blockchain in tandem with private blockchains for supply chain provenance, developed initially for the cannabis industry, but with functionality viable for other industry verticals. Tokes (ticker: $TKS) serves as a means for businesses to conduct transactions (both consumer and business to business, B2B). Given the increasing legalization of both recreational and medical marijuana at state levels, coupled with the economic restrictions upon dispensaries imposed by existing federal laws, Tokes, serves as a means of financial mobility and freedom for marijuana businesses forced to transact in fiat. Tokes is actively developing products integrating the token into critical systems for cannabis production, sale, and support. This includes, but is not limited to; payment processing gateways, enterprise resource planning systems for supply chain management, industry communication and personnel vetting, marketing, automated consumer feedback and incentives, mobile gaming, etc.