How To Buy Cryptocurrency Online in 2021
Welcome to 2021, a time where you can quickly and safely purchase cryptocurrency from many different reputable cryptocurrency marketplaces. With all the options it’s easy to get confused, in this article we will break down the best ways you can buy cryptocurrency online with virtually any payment method. We will also cover a few of the best wallets you may use to safely bank your cryptocurrencies.
Step One: Pick A Cryptocurrency Exchange That Supports Your Desired Cryptocurrency.
Cryptocurrency Exchanges are online marketplaces where you can buy, sell, and trade cryptocurrencies. Some crypto exchanges support different cryptocurrencies, some allow you to also trade stocks, and typically they all charge varying amounts for fees. Please feel free to read this entire list of cryptocurrency exchanges so you can decide which one is the best place to buy and sell cryptocurrencies for you.
Founded in 2017 and launched in certain states in the US in early September 2019. Binance, allows users to invest and trade coins like Bitcoin, XRP, Dogecoin, BNB, and hundreds of other cryptocurrencies in a matter of a few minutes with some of the lowest conversion fees to offer someone! According to Wikipedia, Binance is currently considered the biggest cryptocurrency exchange in the world in terms of trading volume and active wallet transfers. Binance allows users to purchase bitcoin with USD or other cryptocurrencies.
If you’re looking to up your crypto game, you can sign up here and start trading crypto!
Coinbase is one of the oldest, most re-known cryptocurrency marketplaces. Their service has helped facilitate over $150 Billion in cryptocurrency exchanges with over 30 million customers. Coinbase allows users to trade various cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and many more.
Coinbase separates itself from the rest of this list by also offering users methods of earning cryptocurrency for free. They call it “Earning crypto while learning about crypto”, Right now users are able to earn up to $166 by simply “learning about crypto”. The courses on cryptocurrency aren’t very difficult or incredibly time-consuming. If you have some spare time this is a safe and easy way to make some free cryptocurrency!
If you’re interested in learning about cryptocurrency or would like to earn some free cryptocurrency check out how you can get $10 worth of bitcoin for free when you sign up here.
Paxful is becoming an increasingly more popular marketplace for trading cryptocurrency. Paxful allows users to trade Bitcoin globally, they provide users with a free cryptocurrency wallet and access to an immense amount of payment methods and processors. Many people prefer to use the Paxful exchange because it is a peer-to-peer market-place that eradicates the need for a bank. Paxful currently has over 4,800,000 happy customers and 12,000+ trusted vendors making it a great option for someone looking to purchase bitcoin online in 2020. The company even has noble goals to help build schools in Africa for a better learning experience.
All-In-One Apps (Crypto + Stocks + Banking)
In 2021 many apps are revolutionizing the way investors manage their finances. The apps listed below allow you to not only trade cryptocurrencies but also bank, transfer money, and even trade stocks!
You have most likely already heard of Webull, the free stock trading app that allows users to trade Stocks, Options, ETFs, Index Funds, and now even Cryptocurrency fee-free. Currently, on Webull Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC) can all be bought and sold. According to Webull “access to more cryptocurrencies is in the works”.
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#2 Cash App
Did you know you can now buy bitcoin with Cash App? Cash App is now much more than just a peer-to-peer mobile payment service. In addition to being able to easily send your friends money instantly for free, now you can also purchase and send bitcoin within the app.
I went ahead and tested it and Cash App proved to be one of the easiest ways to buy Bitcoin in 2021. If you haven’t downloaded Cash App yet or would like to start using Cash App to buy bitcoin they’ll give us both $5 when you send your first $5 to a friend.
Gemini is an all-in-one app that allows users to easily buy, sell and store crypto quickly without downloading another app. Gemini is here to compose a lasting relationship between the user and the company. With Gemini Earn you can earn up to 7.4% interest on your crypto. They have the tools for beginner and active traders. Gemini is currently releasing a credit card that will give users up to 3% back in bitcoin or other cryptos! Users have access to advanced charting, multiple order types, block trading, and more. Gemini’s Active Trader can execute orders in microseconds. It’s easy to see how Gemini’s speed and its plethora of tools give many investors an upper hand.
This article wouldn’t be complete without Cryptohopper. Two brothers created Cryptohopper, a robot to trade bitcoin and monitor the markets around the world for you so you may continue your day without the stress of waiting around a computer screen.
Cryptohopper gives its first-time users a free 7 day trial for a paid version before purchase but remains free to use overall. This bot includes mirror trading as well as paper trading, trailing stops for buys and sells, algorithm intelligence (AI) and so much more! This company is a favorite of many too because they offer 24/7 around-the-clock support and especially when handling any type of cryptocurrency finances, security is always important. Cryptohopper takes these measures a step further, allowing you to have a max of up to 500 positions while offering one of the lowest top-tier trading plans out there for $99. Lastly, the hopper community drives the business with well over 220 thousand members actively using the robot, so the company relies on people like you and me to give them feedback for upgrades and tweaks to the latest technology regarding automated trading.
Step 2: Pick a cryptocurrency wallet that is secure and will support your desired cryptocurrency.
Cryptocurrencies are digital assets and require a cryptocurrency wallet in order to bank your cryptos.
#1 Ledger Wallet
The Ledger Wallet is the safest way to store your cryptocurrency! When owning any type of crypto and storing it to an exchange, what you really own is a private key, and it’s this key that gives you the security of your coins only for you.
Ledger is your key and your personal crypto bank all in one usb sized piece of hardware! They give their customers the satisfaction of feeling safe with an encrypted hardware key that only YOU have access to. Here are some key takeaways for why many choose Ledger over a digital cryptocurrency wallet.
–Utilizing the best quality security technology, Ledger keeps your cryptocurrency decentralized and completely in your own control.
– Ledger’s Live App allows users to easily: buy, sell, exchange, stake or even lend their assets safely.
– Currently, Ledger supports over 1500+ crypto assets used worldwide.
– Over 2 million Ledgers have been sold across the world, making Ledger the most popular physical crypto wallet.
Don’t let Ledger fool you with its simplistic design where only two buttons are all you need to navigate the easy-to-read screen and check your cryptocurrency balances in addition to your transactions. Right now Ledger is the only certified cryptocurrency hardware wallet available thanks to its high-tech “Secure Element” chip and custom operating system that keeps data encrypted.
If you want to earn up to a whopping 18.55% annually you can transfer your crypto to Celsius! Celsius is a cryptocurrency app that allows you to manage a crypto portfolio, store money, and get rewards! With no credit check required, Celsius makes it easy to apply for loans and has an instant acceptance rate; either cash or crypto coins with interest rates starting out at a 1% APR rate with just the touch of a button. The Celsius app saves more than the average crypto wallet; earn 13-18.55% annually on cryptos sitting in your account, this definitely feels like the future compared to current banking rates. With no transaction, origination, or withdrawal fees, Celsius makes it hassle-free to get your money when you need it most. By filling out a simple registration, you will be transferring coins and earning rewards in no time. After signing up today for Celsius you will earn $40 BTC instantly! No minimum balance is required when signing up. Un-bank yourself with the Celsius App; the easy way to save.
Celsius also offers a Bitcoin Visa Rewards Card which is safe to use and backed by Prime Trust. Manage crypto and get rewards with the Celsius app, start today and earn your first $40 in Bitcoin after signing up!