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Cryptocurrency is most definitely here to stay and is likely to be the future of all currency.
As it grows stronger and stronger each year and becomes more well known and understood by the masses it is likely to be the way we buy and sell things for many years to come.
New To Cryptocurrency?
It can be quite scary for newcomers to cryptocurrency when trading or investing, as the likes of bitcoin does sometimes get bad press with scams being reported. But fear not, as it is actually becoming easier and easier to invest and trade with cryptocurrency, and with advancements in safety and security which has taken place over the last few years there has never been a better time to get involved.
If you are a complete newcomer to cryptocurrency, then it's advisable to take on as much knowledge and reading on the subject before you actually start to invest and trade with your own money. It can be quite a complicated subject but there are many books and articles that can help with the basic understanding and knowledge needed to help you along.
Take the time to read up and try to fully understand all aspects of trading and investing with cryptocurrency before dabbling your toes into it, and it's always best to start off with small amounts of money to begin with until you are more comfortable with what you are doing.
Another top notch cryptocurrency exchange is coinmama which has been around since 2013. Coinmama has a strong reputation as being one of the safest and most reliable exchanges available online. Don't just take our word for it but go and read one of the many Coinmama reviews that you can find online.
It is extremely quick to become a verified user of coinmama, and the process should take no longer than ten minutes, and after you have been verified all your purchases on bitcoin will be delivered almost instantly.
It's not only one of the quickest ways to buy bitcoin but also one of the cheapest options available on the market, so it's definitely ideal for those looking at trading with bitcoin.
Cash App: The Best Choice For Newbies
While there are many options for newcomers and experts to choose from, Cash App is one of the most favoured for newcomers.
It is a peer to peer app for money transfer for services such as shopping online, splitting food or rent bills and such like. It essentially can act almost like a normal bank account that also has its own debit cards linked to it.
Users of Cash App can invest in both ETFs and Stocks all from there own mobile application, so it makes it very easy and user friendly. It also means it can be used any time any where. This makes it perfect for newcomers as the app is extremely easy to use. It's one of the best options for beginners who are looking to buy Bitcoin.
Although this exchange has only been online for the last three years, being founded in 2017, it's another great choice. They offer over six hundred trading pairs between different cryptocurrencies which is a lot more than most other exchanges.
They have a very advanced charting system to help with your decision making but although this will be helpful to the more informed traders, newbies may struggle to follow and understand it.
It is also one of the cheapest options as it has very low fees compared to some other popular exchanges. Finance is a great option for the more experienced trader but as previously mentioned for newcomers one of the previous exchanges may be more preferable.
Coinjar is a Australian Cryptocurrency exchange which was created in 2013. Although it's mainly focused on the Australian market it has seen some growth world wide in the last few months.
Its app is a clean and user friendly option and can be picked up on the go very easily. It's quite a simple and plain platform but this could be useful for newcomers or those who do not wish to be bombarded with too much information.
It's definitely one to keep your eye on for the future so watch this space.
Etoro is another great option for newbies due to its social trading. With its option to copy trades of more experienced traders it's great for those that want to dive straight in who may not have gathered all the knowledge they should really have before investing their money.
It's regulated by the top tier financial authorities so it's a safe and trustworthy option of cryptocurrency exchanges so you can feel rest assured your money will be safe using EToro.
Commission is completely free with EToro when buying stocks with its platform, so again another great reason to use them. Their conversion fees are 0.1% which is very reasonable and a pretty standard price. EToro’s minimum deposit is fifty dollars with a maximum deposit of ten thousand dollars per day.
Cryptocurrency is growing at a fast pace and as it becomes more accessible to the general public the more cryptocurrency exchanges there will be. Before deciding on which is best suited for your needs make sure you read up and check out reviews of them. The more information you have to hand the better choice you will be able to make.
There are a lot of fake websites and scams around as well regarding cryptocurrency and their exchanges so if an offer seems to be too good to be true, then it probably is a scam, so you need to keep your wits about you.
Before ever investing your money make sure you are comfortable that the website you are using is one hundred percent legit, so do your research and use a safe website checker.
Many cryptocurrency exchanges have different offers and deals that are suited to the more experienced user or the beginner who is new to it all so choose wisely.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.