We’ve all seen the news that Bitcoin’s price is set to reach $22,000 in the next four years. If you’re a follower of this blog, you also most likely know that this isn’t really surprising because crypto has steadily been becoming more popular thanks to the pandemic.
Looking at these positive forecasts, you might be considering getting involved while the market is hot. If that’s the case, you probably have questions about what you should know before getting involved in crypto or more specifically… how do you even buy crypto?
Well, buying crypto can be a daunting task. That is, if you don’t know where to begin.
In this article, we’ll go over the basics of buying crypto by looking at:
- What you’ll need
- Where you can buy
- How to buy
What do I need before buying crypto?
Before you buy crypto, you’ll need to check out the regulations in the country you live in. Once you’ve got that covered, the next step is to download a crypto wallet that is available in your region.
Your wallet will be the single, most important tool you’ll need for your crypto journey. This is where you store your cryptocurrency and manage your assets. As it is so important, it’d be best if you thoroughly research the available options on the market before selecting.
One option available to you (and others all over the world) for free download is the PumaPay mobile wallet. You can read an overview on the wallet here, but the most important thing to know is that the PumaPay mobile wallet offers:
- Ultimate security provided by blockchain-based tech
- The ability to store, send, receive and BUY a wide range of cryptocurrencies like: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Stellar (XLM), Ripple (XRP) and all other ERC20 tokens.
- A payment functionality that allows you to pay for or even subscribe to your favorite retailers in crypto
Once you’ve made your decision and set up your wallet, the next thing to focus on is where you can buy your crypto.
Where do I buy crypto?
Luckily, over the last few years the options available to those looking to buy crypto have expanded. The most common way to buy crypto is through exchanges.
For those that use the PumaPay mobile wallet, you can easily purchase crypto (BTC, ETH, LTC, and BCH) with your Visa or Mastercard.
How do I buy crypto?
If you’ve got the PumaPay wallet, all you will need to do is:
- Make sure you’ve verified your identity with PumaPay
- Go to the BUY CRYPTO tab
- Have your credit card/debit card ready
- Select what crypto you want and buy!
Something to keep in mind…
There are loads of ways to buy crypto, using an online exchange is only one method that you can try. At the end of the day, you need to be comfortable – so make sure you take your time and do as much research as possible!
Interested in cryptocurrency?