In this article, we see how to buy Crypto through the most well-known platforms that provide convenient and simple trading services.
Nowadays, there are many applications that allow even beginners to buy bitcoins and other digital currencies without necessarily having to understand the complex logic of the crypto world.
Let’s discover the main solutions together.
How to Buy Crypto with Apps Trade Republic, Trading212 and Etoro
Financial applications are the most popular tools for those who want to discover them How to buy crypto in a simple and intuitive way.
Among the most famous and established, we find Trading Republic, Trading212, and Etoro.
Each of them offers a wide range of products in crypto, including Bitcoin, Ethereum, DogeCoin, Solana, Cardano, Litecoin, and many more.
They all work in the same way: first, it is necessary to download the application to the smartphone (or go to the website) and register the account.
This stage includes submitting identification documents to ensure security and compliance with financial regulations.
Make sure you are in possession of an identity document or driver’s license, and at least one document proving your residency (invoices, tax statements, residence certificate, employer certificate).
Once verification is complete, you can proceed with depositing funds into the order account via bank transfer or credit/debit card.
At this point, you can easily understand how to buy your first crypto with just a few clicks.
All three platforms republic of commerce, etoro and Trading212 Search bar feature where you will need to type the name of the currency you wish to buy.
After clicking on the cryptocurrency symbol, you need to click oncommerce” (or “compra“”), enter the amount you want to spend, and click the green confirm button.
In the same way as a purchase was made, a sale can be made, and then the profit is transferred to your bank account or card.
However, it is important to emphasize how these applications Commission costs (or spreads) are higher than the industry average.
You may find yourself paying up to 1% of the amount you buy or sell, depending on the platform and cryptocurrency in question.
It is worth highlighting how in all three mentioned applications, cryptocurrencies are traded as CFDs (contracts for difference), that is, through derivative products that replicate the value of the currency they refer to.
Buy crypto through exchanges: binance, coinbase, and bitpanda
exchange like binanceand Coinbase Bitpanda and Bitpanda are online platforms dedicated to investors who want to learn How to buy crypto in a comprehensive and diverse way.
Unlike the financial apps mentioned in the previous paragraph, exchanges focus solely on cryptocurrency trading and offer a wider and sometimes more convenient selection.
These platforms also offer advanced charting and highly convenient analysis tools, as well as competitive fees and supportive financial services.
However, their usage mechanism is a little more complicated and requires knowledge of some basic concepts.
To start, it is necessary Create an account (from smartphone or web) and complete the KYC identity verification process by attaching your documents.
After that, users can deposit funds through various options, including bank transfer, credit card, and crypto deposit from another platform.
After adding funds to your account, you will need to click “commerce“in”spotsection and search for the crypto index you want to buy.
The Tecker is an abbreviation used to refer to market assets, for example BTC for Bitcoin, ETH for Ethereum, and SOL for Solana.
If you want to buy, for example, Bitcoin on an exchange like Binance, you will need to type in the search bar in the spot trading section of the entry BTC/EUR.
At this point, you will only need to select “”Mirato“option in Order Type, enter the amount of BTC you want to buy, and click ‘On’Compra BTC“.
You can also set a limit for the price at which you would like to perform the operation by clicking onend“Arrangement, as long as it is a value lower than the current value.
It is important to highlight that not always on exchanges, there are trading pairs available in EUR, as the majority are listed in USDT, which is a stablecoin that duplicates the value of the US dollar.
If a market with a counterpart in EUR is not available, you must first convert to USDT by clicking on EUR/USDT.
P2P solutions to buy Bitcoin and other cryptocurrencies anonymously
Peer-to-peer (P2P) solutions provide an additional alternative option for those who want to know How to buy crypto anonymously and directly.
Platforms like LocalBitcoins, Relai, and BISQ allow users to buy Bitcoin and other cryptocurrencies directly from other individuals in a very simple way.
This purchasing method provides a certain degree of anonymity, as transactions occur directly between the parties involved without a central platform intermediary.
The crypto purchasing process begins by creating an account on the chosen P2P platform and completing the verification process.
Attention because for maximum extension of privacy, it is advisable to choose BISQ among the proposed platforms, because it does not require KYC verification.
Once verified, the user can explore sales offers posted by other users and choose the one that suits their needs.
P2P transactions can be carried out through various payment methods, including cash, bank transfers and prepaid cards
To find the most suitable offer, you can filter your searches based on currency, payment method and exchange rate. Once you find the desired offer, you can start the purchasing process by clicking on the offer and following the instructions to send the order to the seller.
It is important to pay attention and choose sellers with good reviews to avoid risks and ensure a safe transaction.
Regarding BISQ, one of its most interesting features is represented by the guarantee system. When initiating the purchasing process, both the buyer and seller must deposit a small amount of money as security.
BISQ also offers a decentralized arbitration system to resolve any disputes. Arbitrators are community members who help resolve disputes impartially.
Conclusions
In conclusion, we can state that choosing the platform from which one wants to buy crypto mainly depends on the user’s previous experience and interests.
If you are looking for the most convenient and easy solution ever, the choice will definitely fall on financial apps like Trade Republic.
If you are already somewhat experienced in the sector and are looking for a suitable solution that is still easily accessible, you can go through exchanges like Binance.
If the goal is anonymity and has a fairly in-depth knowledge of the crypto sector, the most suitable option is P2P platforms such as BISQ.
