The cryptocurrency world can seem really exciting!
It’s also a little difficult to navigate. Where do you buy crypto, how do you buy crypto, where is it stored?
These are all great questions, and we are going to answer that for you.
The simplest way to buy crypto is through an exchange. Exchanges make buying, selling, sending, and receiving crypto extremely easy.
If you are looking to get started in crypto, here are the best exchanges to buy crypto.
Coinbase is the best exchange to sign up to if you are looking to get started in crypto. With over 100 cryptocurrencies you can easily invest in any coin that is remotely popular.
There are many reasons that it is number one.
It’s available in every single U.S. state. There aren’t many exchanges available in every state (Looking at you, New York.) It’s also available in many countries around the world. With how easy it is to send crypto you can easily transfer funds all around the world.
With Coinbase, you just have to invest at $2 to get started. There are various different payment methods you can use, however, each one has its own transaction fee. Payment methods include PayPal, debit card, bank account, or wire transfers.
Coinbase also gives you a lot of free crypto. With Learn and Earn, you can watch videos about a certain cryptocurrency, and answer questions about it to earn the crypto for free. Sometimes this can be $3 worth of the crypto and sometimes this can be $10 worth of the crypto. It’s a nice way to get a variety of different crypto.
The best thing about Coinbase is that if you sign up through this link you will receive $10 in Bitcoin for free!
Another exchange that’s available in all 50 U.S. states is Gemini. This is an exchange that’s great for someone just getting started with cryptocurrency.
Right now, Gemini has over 50 cryptocurrencies listed and available for trading. You will find any of the popular coins, like Bitcoin or Ethereum. Any coins you hold on Gemini are insured against hacks.
Gemini also lets you earn on your crypto by staking it on their platform. Some of the returns aren’t too great at 1 or 2 percent (though, they beat the banks.) If you stake using Gemini Dollar, the platform’s own cryptocurrency, you would earn a whopping 8.05 percent return.
Gemini will also give you $10 for free when you sign up using this link to it’s platform and start investing.
Robinhood is mostly used for trading stocks, but it can also be used to trade cryptocurrencies. If you are just getting started with crypto and you just want to invest, Robinhood might be the place for you.
One of the best things about Robinhood is free crypto trading. Neither of the two exchanges listed above offer any type of free trading. There is also no minimum that you have to spend to get started in crypto. You can even buy just 1 DOGE!
The downside to Robinhood is that there is hardly any variety of crypto. Here, there are only 7 different crypto to choose from. However, they do have the two most popular crypto, Bitcoin and Ethereum.
So what now?
Now, it’s time to sign up for an exchange and get started in crypto!
If you want to jump into Coinbase, you can use this link to get $10 when you sign up. Coinbase is great because it’s available in all 50 states, it has a low start fee, and because you can earn tons of crypto for free.
Gemini also offers the same $10 worth of Bitcoin when you sign up and invest. Gemini is perfect for staking your crypto to earn more passively.
Robinhood is good for getting started in crypto with no fees. It’s also convenient if you are already using the platform to trade stocks.
Now that you are getting started with crypto, let’s make those bags bigger. Check out the best ways to get free crypto.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.