With the popularity of cryptocurrencies is growing and the number of ways to acquire bitcoin. Here are the five most popular options are buying your first cryptocurrency.
The main ways to buy bitcoin:
• Exchange of cryptocurrency;
• The services for the exchange;
• Bitcoin terminals;
• Cryptocurrency wallets
• Direct purchase from individuals.
Exchange of cryptocurrency
The main objective of crypto currency exchange is beneficial to trade Fiat money for scriptactive and scriptactive between them.
Centralized exchanges operated by the company or the owner with the objective of making a profit. In this regard, centralized exchanges are not very favorable rates and are an additional fee. On the other hand, these exchanges are responsible for the safety of users ‘ personal data and shopping information they hold assets in their accounts, controlling and being responsible for them.
Decentralized exchange (DEX) is a peer-to-peer (p2p) online platform, which plays the role of an intermediary between two traders. Such platforms do not keep clients ‘ assets and not have a single control center.
Pros: many options trading pairs, a variety of purchase options/sales of scriptaction.
Cons: high risks of loss of funds, additional fees, compulsory registration.
Cryptocurrency online exchanges
Specialized services exchanging Fiat money for real money online. Their main task is to quickly convert Fiat funds to scriptactive.
Pros: the automatic exchange, a large selection of services, rate of exchange.
Cons: the rate below the market rate, limits of available funds.
ATMs and POS terminals (ATM) work similarly to conventional ATM transfer cryptocurrency to the user’s wallet after the adoption of the bills.
Pros: simplicity, accessibility, reliability, high speed operations
Cons: small network of cryptomatic, not high conversion rate, additional fee.
The crypto is a software which you can use to receive and send scriptactive. Existing today on the market numerous cryptocurrency wallets that allow users to quickly and safely acquire and store cryptocurrency. Most popular wallets often have built-in functions for more protection, like two factor authentication.
Pros: good exchange, quick transaction.
Cons: the safety means is completely dependent on the service provider.
Direct purchase from individuals.
The most unsafe way to purchase crypto-currencies, is very attractive to criminals and fraudsters.
Pros: the anonymity of transactions.
Cons: high risks of losing money.