Where to Buy Cryptocurrency: in this age of innovative technology, cryptocurrencies are at the heart of global economic news. Not wanting to miss out on this financial revolution, you plan to invest in crypto assets. To help you decide, here is our ultimate guide to making your first purchases. You will find a selection of the best platforms to buy your cryptocurrencies easily, safely and in just a few clicks.
Buy Cryptocurrencies with eToro
Operating since 2006, eToro has kept expanding and is established in 5 countries around the world. It has a presence in major financial centers, namely Cyprus, the United Kingdom, the United States and Australia. Today the leader in social trading, it lets beginners follow the best investors across different financial assets.
Opening an account with the broker is easy, and its intuitive interface is one of its most pleasant features. Go to eToro and enter basic information such as your username, email address and a secure password. Accept the terms and confirm the account creation.
2. Deposit Funds with eToro
To buy your cryptocurrencies, you need to fund your trading account. In addition to classic payment methods (credit/debit card or bank transfer), eToro offers several instant payment options. Whether by PayPal, Neteller, Skrill or Rapid Transfer, customers choose the method that suits them. However, the broker requires a minimum of $50 for first deposits.
3. How to Buy Cryptocurrencies on eToro
eToro makes buying easy. A simple search in the interface finds the crypto asset you want.
Then click the “Buy” button and fill in the amount, stop loss, leverage and other fields, then confirm the transaction. And that’s it! You have just bought a cryptocurrency.
eToro charges customers lower fees on purchases and also applies very attractive fees when you sell. On this platform, the latest economic news is available live. It also lets beginner investors copy the portfolios of experienced traders.
With eToro, you get the benefits of social trading and mentoring. The broker gives its customers an intuitive, easy-to-use platform, which ranks the best investors by their returns, their favorite markets and, above all, their risk tolerance.
A Regulated Broker, with No Risk of Having Your Cryptocurrencies Stolen
eToro is a trusted intermediary regulated by CySEC and the FCA. The broker is well known among traders because it offers reliable investment solutions for both beginners and professionals. It has a good reputation for protecting transaction data thanks to SSL (Secure Socket Layer) technology.
Liquidity on the Broker, and You Can Easily Withdraw Your Gains
Liquidity is not a problem for the broker. You sell your cryptocurrency at the market price if you want to cash out your gains. Once confirmed, your withdrawal request is processed within one business day, and your funds are sent to you as quickly as possible.
Which Payment Methods Can You Use to Buy Cryptocurrencies?
On every platform without exception, traders can choose between different payment methods to buy cryptocurrencies. The most common are:
Debit/credit card: the most popular payment method, a Visa and/or Mastercard bank card lets you buy cryptocurrencies anywhere without difficulty. It is certainly the fastest way to acquire your first assets. However, fairly high fees apply to this method depending on your country of residence.
PayPal: as a secure payment method, PayPal transactions are instant. You can buy your cryptocurrencies with PayPal simply by using a platform that accepts it. Vantage and eToro accept PayPal as a deposit method for buying cryptocurrencies. This direct, easy method protects investors and their payments from data loss.
Bank transfer: as an investor, you can buy your cryptocurrencies by bank transfer. Beware, however, of the very long processing time of 3 to 5 business days depending on the broker and the bank. It is nonetheless an effective, reliable and convenient method for much larger investments. The advantage of this payment method is that transaction fees are very low.
Neteller, Skrill and UnionPay: these are encrypted e-wallets that make online payments easy. They let you send and receive payments and store your funds in an electronic account. These wallets protect your banking information on every transaction.
How to Buy Cryptocurrency with SEPA Without Verification
Know Your Customer checks are important and required. Our top brokers offer ways to buy crypto with SEPA without verification. Follow the steps indicated.
Complete List of Brokers Where You Can Buy Cryptocurrencies
Many brokers now let you buy cryptocurrencies, but they do not all offer the same guarantees. If you decide to buy cryptocurrencies on dedicated platforms, our list will be very useful. We have listed the most recommended ones after verified tests.
eToro: the best social platform for trading bitcoin
Kraken: an online cryptocurrency exchange
Coinbase: an American platform for buying cryptocurrencies.
Binance: a globally recognized exchange where you can buy a Chinese cryptocurrency and others.
Coinhouse: a French website and physical location where you can buy cryptocurrency.
Cex.io: an online platform presented as ideal for buying the Tron TRX cryptocurrency. Watch out for the fees, though.
Changelly: an instant exchange between crypto assets and fiat currencies such as USD, EUR, etc.
Zebitcoin: a service that makes cryptocurrencies easier to access
LocalBitcoins: a groundbreaking marketplace where buying cryptocurrencies with Revolut and several other online banks is easy.
Bitpanda: a platform for speculating on virtual currencies.
Paymium: an exchange focused on Bitcoin since 2011
StackinSat: the first platform to offer a Bitcoin savings plan
Which Wallet to Use to Buy Cryptocurrencies?
Wallets make it easier to buy your cryptocurrencies today. They are crypto e-wallets available from some online brokers or downloadable as open-source apps on smartphones, tablets and computers. Here again, you need to know which ones are reliable.
A wallet provides an exceptional guarantee with a proven level of security. In general, they all let you buy cryptocurrencies easily and anonymously. But be sure to buy and store your cryptos in a proven wallet! Here is our selection of 4 wallets that meet our security requirements.
Crypto enthusiasts also confirm their high level of security, ease of use and guaranteed liquidity.
eToro Wallet
The eToro wallet gives customers easy access to the available crypto asset markets. Login details are the same as for accounts on the main platform. With the wallet, buying cryptocurrencies becomes a simple operation.
Binance Wallet – Trust Wallet
Trust Wallet, Binance’s mobile wallet, lets you buy cryptocurrency safely and efficiently. It handles not only storage but also withdrawal of your cryptos at any time. Trust Wallet is designed to integrate various features and supports many cryptos. It is the ideal place to buy the Safemoon cryptocurrency or the OMI crypto, for example.
Coinbase Wallet
The Coinbase platform, recently listed on the NASDAQ, has a good reputation among American and European users. Coinbase Wallet makes it easy to acquire, store and sell many cryptocurrencies. In addition, you must pass multi-level security to log in to the wallet.
Blockchain
Blockchain processes Bitcoin and, above all, Ethereum transactions quickly. It currently supports about ten crypto assets. Access is highly secure and requires a private key made up of twelve words forming a secret recovery phrase.
Which Platforms Show Cryptocurrency Prices?
Most brokers provide cryptocurrency prices in real time, and wallets also include this feature. So prices are available to the public in one click. Unfortunately, not all platforms list every crypto available. For reference, more than 4,000 have been developed since bitcoin.
Investors can invest in any crypto asset of their choice. Here is our top 3 of platforms that cover all existing cryptocurrencies and show their price fluctuations in real time. They are excellent sources of information.
Binance
CoinMarketCap
QuantifyCrypto
How Much Can You Earn by Investing in Cryptocurrencies?
Like many people, you can make substantial gains simply by investing in cryptocurrencies. But be careful: this investment decision must be carefully thought through, as it is not without risk. It is important not to invest more than you are willing to lose.
To make money with cryptocurrencies, you can choose between the investor’s strategy and the speculator’s.
The Investor: buys a crypto asset at a low price, holds it and sells it at an attractive price, ideally when prices soar. This approach involves holding a crypto in reserve to get as much money as possible out of it.
It can deliver returns of up to 1,000% or even more. In a public statement, Vitalik Buterin, co-founder of Ethereum, said he withdrew $4,300,000 at the end of 2020 from a $25,000 investment in Dogecoin in 2016, a staggering 172,000% gain in just 4 years.
The Speculator: takes advantage of daily fluctuations within the underlying trend and generates quick income. Well-executed trades can top up your monthly income. These potentially lucrative operations can return between 1% and 10% of the capital invested per day.
In any case, you can make attractive gains by focusing only on the top 100 cryptos by market capitalization. This has the advantage of controlling risk and avoiding cryptos prone to pump and dump schemes.
Before investing in cryptocurrencies, it is essential to know their advantages and disadvantages.
Advantages of Buying Crypto
Cryptocurrencies are digital currencies based on a data storage technology called blockchain. They have no physical form, which makes them easier to store. Their notable benefits are:
Time savings and lower intermediary costs: buying cryptocurrencies means doing without third parties.
Easier online payments: many websites accept cryptocurrencies as a means of payment for goods and services.
Potentially profitable investment: with impressive volatility, cryptocurrencies can deliver exponential returns. It is probably the best opportunity of the moment, given the meteoric rise in their market capitalization.
Low risk of asset seizure: cryptocurrencies are not controlled by any government thanks to their decentralized system
Anonymity: transfers made with cryptocurrencies are encrypted and hard to trace.
Disadvantages of Buying Crypto
Despite their many advantages, cryptocurrencies also have their limits.
Although cryptocurrency volatility can produce big gains in record time, it can also cause capital losses. A cryptocurrency is:
A hyper-volatile, high-risk asset because of its unpredictability.
Unregulated and open to manipulation: buying a cryptocurrency also means being exposed to price manipulation. A common case is a single individual fraudulently moving the market’s value.
Investors who decide to buy cryptocurrencies also face real risks of hacking and scams. That is why they should choose a trusted platform.
How to Choose the Best Platform to Buy Cryptocurrency Anonymously
Solutions are available today, but they are rare, sometimes costly and limit maximum transaction amounts. If you want to buy cryptocurrencies anonymously, you will need to research thoroughly before getting started.
In general, always check the key criteria of reliability: the broker’s regulation, its pricing, its trading fees, its liquidity and the availability of its online support.
Best Platform to Buy Crypto Anonymously According to Customer Reviews
In short, eToro stands out as the best online broker where any beginner can buy cryptocurrency cheaply. Customer reviews give it this ranking, as eToro offers very favorable conditions. Its platform also combines ergonomics and ease of use. The broker has more than 2,000,000 registered users.
Conclusion – What Is the Best Platform to Buy Crypto Without Verification?
Buying cryptocurrencies without a verified account carries a significant degree of risk. It is important to use platforms supervised at least by a competent authority. This builds trust and avoids the risk of scams and capital flight.
In this respect, eToro scores the highest. According to the criteria set by users, eToro remains the best platform where you can easily buy cryptocurrencies. Its years of experience in the financial industry speak volumes about its reputation and expertise.
