- Buying Bitcoin
Are you beginning your adventure with the electronic currency market and need some tips on how to get started buying cryptocurrencies?
Are you looking for the best, most interesting or most popular cryptocurrencies available on the market?
You can buy around 1,000 different encrypted digital currencies on dozens of cryptocurrency exchanges. Many of these cryptocurrencies are similar to each other in terms of application and technology (blockchain). However, some of them seem to have greater potential than others. Some have interesting and unique modern applications that can become small revolutions in some industries and take root in them for many years. On our site you can read tips on choosing and buying the best, most popular or the most interesting cryptocurrencies on the market. This will definitely help you reduce your search area and make your first investments easier.
Bitcoin (BTC) is the world’s first cryptocurrency. Since its inception in 2008 its value has been growing steadily. It is increasingly used for payments by individuals and companies. Purchase of Bitcoin is possible on all cryptocurrency exchanges and Bitcoin exchanges. Below we present you with many interesting news and technological details and how the first digital currency works – Bitcoin!
Ethereum (ETH) is one of the oldest cryptocurrencies. It was established in 2013 and it’s currently the second in terms of market valuation. Its network makes it possible to use other digital currencies. You can buy Ethereum on all Bitcoin and cryptocurrency exchanges. Below we answer the most important questions about purchase of Ethereum.
Ripple (XRP) cryptocurrency was established in 2012, so it is also one of the oldest electronic currencies based on blockchain technology. It is faster and cheaper than Bitcoin, which is why it attracted the attention of the largest financial institutions. Due to Ripple’s popularity, you can buy Ripple on virtually any cryptocurrency exchange.
Litecoin (LTC) was created in 2011 so it’s also one of the oldest cryptocurrencies.
Litecoin is characterized by being much faster than Bitcoin. It is sometimes called “digital silver”. You can buy Litecoin on most cryptocurrency exchanges. You can buy it also for GBP, euro or dollars on the European cryptocurrency exchange – BitBay.
Neo (NEO) is a cryptocurrency that originated in China. It is the first encrypted electronic currency that was created in this country and was quickly hailed as “Chinese Ethereum”. Unfortunately, it is only available on some, the best cryptocurrencies exchanges, e.g. Binance, where you can buy NEO for other cryptocurrencies.
Lisk (LSK) is currently one of the most popular cryptocurrencies in Europe. It’s open programming platform attracts attention due to the ability to create your own applications. It is available on numerous Bitcoin and digital currency exchanges. Purchase of Lisks for GBP and other FIAT currencies is possible on the European cryptocurrency exchange – BitBay.
is a relatively young cryptocurrency that was launched in July 2017. However, it quickly gained popularity thanks to which today its capitalization means that it is in the 5 largest, most interesting and best cryptocurrencies in the world. Buying EOS is possible, for example, with the Binance cryptocurrency exchange.
Cardano (ADA) exists since 2015 and its capitalization places it among the 10 largest cryptocurrencies in the world. This digital currency was created by experts from around the world including the academic staff of various universities. Therefore, it may be worth your attention and consideration to invest in it. Cardano is available for purchase on various cryptocurrency exchanges and e-commerce platforms.
Enjin is another cryptocurrency dedicated to use in video games. The gaming market is developing very dynamically and is very innovative, therefore encrypted digital currencies for players seem to be a great solution. Buying Enjin and buying cryptocurrencies with similar properties and capabilities is enabled by the foreign cryptocurrency exchange – Binance.
Binance Coin (BNB) is a unique project that was created by Binance – one of the world’s largest cryptocurrency exchanges. Since it is used to reduce transaction fees when trading on this platform, it has a real use, and interest in it, as the number of users increases, continues to grow. Therefore, you should definitely consider investing in this project. The easiest way to do it is to register a free account on this exchange platform and then purchase as much BNB as you want. You can find details about Binance Coin in the article located under the button.
Monero (XMR) is regarded as one of the most anonymous cryptocurrencies in the world. Its authors have implemented additional solutions to ensure the anonymization of transactions. Therefore, it has gained increasing popularity and interest of users and investors. It is noteworthy that the users and programmers themselves are also involved in its development, whereby the project is constantly growing. More information can be found in the dedicated article, which I invite you to read.
ChainLink is a fully decentralized platform based on the Ethereum 2.0 network to support the conclusion of so-called smart contracts for data security and counterfeit protection. Its token is LINK, which has gained recognition in recent months not only by institutions but also by smaller investors. That is why its price has been rising steadily in recent months. Since buying ChainLink and Monero cryptocurrencies for FIAT currencies is possible on the European cryptocurrency exchange BitBay, investing in them will be quite easy even for beginners.
Polkadot (DOT) is a very young project that has broken into the top five of the largest cryptocurrency projects in the world. It became famous when it started a close cooperation with the cryptocurrency exchange Binance. You can find more information about it in our article below. You can also buy Polkadot on the Binance exchange, where you can register a free account by clicking the button below.
The actual name of the cryptocurrency is Lumen (XLM), and the network is called Stellar. It was created by the co-founders of the Ripple cryptocurrency. It is intended to provide a fast and cheap platform for exchanging digital value between people and institutions. It is gaining popularity due to the technology used and scalability. Therefore this project is definitely worth considering for investment.
The purpose of this project was to create a worldwide platform that allows people to share apps, purchase them, and make fast and cheap payments. Therefore today TRON (TRX) is among the top cryptocurrencies with the highest capitalization. It is noteworthy that this cryptocurrency cannot be controlled and is increasingly placed among the top global projects. Do you want to learn more? We invite you to read a dedicated article about TRON (TRX). Similar to Lumen Stellar, the purchase and exchange of this currency is possible on the European cryptocurrency exchange BitBay.
There are also other cryptocurrencies available on the global market. They are not necessarily among the largest or most popular, however they may be also noteworthy. Some of them we present below.
Bitcoin Cash (BCH) was created in 2017 from the split of the Bitcoin source code. Despite its short operation, it is considered one of the most popular cryptocurrencies on the market and its value is still growing. It is available on most Bitcoin exchanges. You can buy Bitcoin Cash for pounds, dollars or euro on the most popular European cryptocurrency exchange – BitBay! Bitcoin Cash – additional information.
Dash (DASH) is a cryptocurrency considered to be one of the safest in terms of maintaining privacy and anonymity of users. The name comes from the combination of the words Digital and Cash or electronic money. It is possible to buy it on many electronic currency exchanges. Purchase of Dash for GBP, dollars or euro is possible on the European cryptocurrency exchange BitBay.
Bitcoin Gold (BTG) and Bitcoin Satoshi Vision (BSV) are another projects “from the stable” of Bitcoin, which were created after the so-called hard-fork or splits of the blockchain network. In the case of Bitcoin Gold it was a hard-fork of the blockchain of the classic Bitcoin (BTC) while in the case of Bitcoin SV it was a split of the Bitcoin Cash network. More about buying these cryptocurrencies can be found in separate articles, which we encourage you to read.
It is an encrypted, anonymous electronic currency. You can find detailed information in a dedicated article detailing what cryptocurrency is.
There are several ways, but one of the simpler and safer is to open a free account on one of the cryptocurrency exchanges, verify your account, and then purchase cryptocurrencies for one of the traditional (FIAT) currencies.
The purchase of cryptocurrencies itself is not risky. The risk is related to the often quite rapid price changes on this market and various frauds or scams, which have happened quite often so far.
Globally, payments through cryptocurrencies are becoming increasingly popular in many places. This trend will continue. Today, you can definitely buy electronics, food or pay for services at various points with cryptocurrencies.
It is quite simple. You just need to provide a unique account number for the transfer and the amount of cryptocurrency you are transferring.
Many of you often ask us how to buy cryptocurrencies for euros, dollars or pounds. Many cryptocurrency trading and exchange platforms do not allow you to buy cryptocurrencies for traditional FIAT currencies (e.g. pound, euro, dollar), but only for other cryptocurrencies such as Bitcoin or Ethereum. This is why many investors are choosing the European cryptocurrency exchange BitBay. To start with, we recommend registering on this digital currency exchange platform as this will make buying cryptocurrencies easier for you.
Since there are many more platforms besides the ones mentioned above, here is a list of some of the biggest or most popular exchanges where buying digital currencies is available:
Bitfinex (buying cryptocurrencies for US dollar)
GDAX (currently named Coinbase, US cryptocurrency exchange)
We hope that in this article you have received in a light and accessible form all the necessary information on how to buy cryptocurrencies. In our opinion it is much simpler than it seems at first. Now it remains for you to choose which cryptocurrencies are the most interesting, popular or the best in your opinion.
However, it should be remembered that buying cryptocurrencies involves a lot of risk, and on many platforms it is done using special programs so-called bots, which trade on their own without the participation of a human, who only records the conditions under which the transactions of buying and selling encrypted electronic currencies are to take place. It is worth noting that often cryptocurrency buying transactions also take place via mobile applications, so it is worth finding out if the platform you choose has such a mobile application for trading.
In this article I tried to gather for you as much information about interesting and innovative encrypted digital currency projects as possible. First of all, I focused on digital currencies that, in my subjective opinion, have the greatest potential for development and enjoy the greatest popularity. That is why I presented and described only a dozen or so, while there are of course many more purchasable cryptocurrencies… it is estimated that more than a thousand and more enter into circulation.
I hope that this article has given you full and comprehensive information on how, step by step, to buy cryptocurrencies for FIAT currencies and has drawn your attention to those projects that are worthy of your interest, so that you do not get lost in the maze of different information. Of course, I cannot directly and unequivocally indicate which projects will gain in value and stay with us for many years. Since no one knows the future and therefore the future of individual projects, I advise you to be very careful. To sum up, I wish you many accurate investment decisions and that the boom on the market and price increases lasted as long as possible because this way you will probably earn more.
To conclude and wrap up this article I wanted to warn you about the risks associated with investing in cryptocurrencies. Although the boom on the market of 2020/2021 looks impressive, it will surely end at some point. Probably a large part of the projects will lose a lot of value when the Bitcoin price starts to fall. Therefore, invest only small amounts that you can potentially lose. Don’t be fooled by analysts and the many optimistic sages on the Youtube channel who tell you that you will become a millionaire. Because most of these stories and predictions will probably not come true.