Where is the best to buy cryptocurrencies?
After Bitcoin became more than 11 000$ a lot of people asking questions: “Where is better to buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold?”, ”Where to store Bitcoin, Ethereum?”, “How to earn money using cryptocurrencies?”
There are a lot of cryptocurrencies exchanges today, I will tell you about cryptocurrencies websites where you can buy cryptocurrencies and what are the differences between them.
Coinbase is one of the biggest cruptocurrency exchanges right now. Coinbase is based in San Francisco, USA. It’s possible to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin there. This exchange supports such currencies as USD, EUR, GBP. Coinbase supports not all countries. You can check here whether or not it supports your country. Majority of the digital assets is stored in the secure offline storage. In order to buy or sell cryptocurrencies there you will need to verify your ID. By the way, using this link, you can get extra 10$ into your account.
In CEX.IO you can buy Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Dash (DASH), Zcash (ZEC), this exchange supports such currencies as USD, EUR, GBP and RUB. CEX.IO is located in London, UK, established in 2013. It has very good security, this cryptocurrency exchange will ask to verify your identity using ID and also will ask to verify the credit card, however, after the process of the verification all transactions work very fast. For example, to buy Bitcoins and Ethereum takes just a few minutes there, the same is with withdrawal. In order to buy cryptocurrencies there. you can use credit cards or bank transfers.
In LocalBitcoins, it’s only possible to buy Bitcoins, however, the main difference of that cryptocurrency exchange is that it’s possible to buy cryptocurrencies not just using credit card or bank transfer, but also using cash. You will need to verify your identity before you can make a purchase and also you will need to pass SMS verification. Also the difference between LocalBitcoins and previous cryptocurrencies exchanges is that it’s not centralized stock-exchange, which means that there you make a trade directly with another person.
Where to store cryptocurrencies after you bought it?
You can store cryptocurrencies in the account of the cryptocurrencies exchange where you bought it, however, it’s not recommended, because it can be not a secure method of storing cryptocurrencies.
The better way of storing is web wallets, such as blockchain.info, Coinbase wallet. However, that’s also not the best way to store cryptocurrencies as it’s not 100% safe, but it can be used to store small amount of money.
The best way to store cryptocurrencies are hardware wallets. If you have a lot of different cryptocurrencies or planning to make big investments in cryptocurrencies, it would be a good idea to buy a hardware wallet such as Ledger Blue Hardware Wallet . If you have only Bitcoins you can buy such wallet as Trezor bitcoin wallet . In this KeepKey wallet you can store Bitcoin and Ethereum.
To monitor prices of Bitcoin, Ethereum, Bitcoin Cash, Ripple and other cryptocurrencies you can use such app as Crypto Monitor.