Are you looking forward to buying cryptocurrency but don’t know where to start?
There are over 5000 places to buy cryptocurrency including websites and apps. Not everybody can buy on these websites which is why we have curated the 5 best websites to buy cryptocurrency.
The cryptocurrency world is growing rapidly and websites, where you can buy cryptocurrency are also increasing. Some of these websites are easy to navigate while some aren’t user-friendly.
That’s why it is important to do your in-depth research before settling for a website because even your assets might be at risk if you just buy from any website without knowing how it works.
In this article, you will know the best websites to buy cryptocurrency, even if you have no experience buying cryptocurrency.
5 Best Websites to Buy Cryptocurrency
1. SnappyExchange.com
SnappyExchange is one the best websites to buy cryptocurrency. SnappyExchange is the Leading E-currency Exchanger in Nigeria. It is owned and operated by the ‘mysuredeal’ online store, a company incorporated and Registered in Nigeria.
SnappyExchange is popularly known for its good customer experience. In 2021, SnappyExchange emerged as the most reliable exchanger. SnappyExchange’s interface is user-friendly and also easy to understand. Even without us putting you through the steps, you’re sure going to find your way around it, easily.
You can buy cryptocurrency on SnappyExchange.com by following these steps;
How to buy Cryptocurrency on SnappyExchange
1. Visit SnappyExchange.com and create an account with them. You will be required to fill in some of your details which include your email address, name, and more.
2. A verification mail will be sent to the email address you provided. You are required to verify your email.
3. Click buy cryptocurrency on your dashboard but you won’t be able to proceed unless you have completed your KYC. So you can complete your KYC first.
4. After completing your KYC, the next thing to do is to choose the type of cryptocurrency you want to buy and enter the amount you want to buy. Then you can now confirm your transaction.
2. Coinbase.com
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency (crypto). It is one of the best websites to buy cryptocurrency for beginners or experts.
It has a daily trading volume of over $950,000,000, which is the second-highest in the world after Binance. Even with being a centralized exchange, Coinbase is trusted by so many users, and the reviews about it are pretty positive too.
This platform is easy for amateur and experienced crypto traders with a great interface. Coinbase supports the trading of over 40 crypto assets, with each of them available at any time. For security, Coinbase stores users’ funds in cold storage. In addition, there is a 256-bit AES encryption for improved safety and security, restricting several forms of cyber attacks.
1. Sign in directly to coinbase.com.
2. Upon logging in, locate the “Buy/Sell” option in the upper right corner of the webpage.
3. Select “Buy” to choose the asset you wish to purchase.
4. Enter the amount of cryptocurrency you wish to buy. It might be denominated in cryptocurrency or your local currency value.
5. Choose your most preferred payment method from the available options.
6. Tap on “Preview Buy” to confirm your purchase before completing it. If you wish to change or cancel the transaction, you should click the back arrow icon.
7. Confirm your transaction details and click “Buy” to complete your purchase.
3. Kraken.com
Kraken was founded in 2011, it is a cryptocurrency exchange platform that allows users to sell, buy and trade different cryptocurrencies. Some popular cryptocurrencies you can buy on Kraken include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and others.
Kraken also offers a cryptocurrency margin trading feature for advanced traders who wish to use leverage to amplify their positions. Kraken’s interface is user-friendly and accessible to people on different levels of understanding.
Good security measures are taken in Kraken which includes two-factor authentication and hardware security keys to protect user accounts.
It is one of the best websites to buy cryptocurrency from. It is a well-established cryptocurrency exchange platform that offers different cryptocurrencies and has strong security measures.
Steps on how to buy cryptocurrency on Kraken.com
1. Create an account on Kraken.com. Go to the website and click on the “Create Account” button and follow the steps.
2. Verify your identity by providing personal information and a government-issued ID.
3. Add a funding method: This can be done by going to the “Deposit” page and selecting the appropriate funding method.
4. Buy cryptocurrency: Once your account is set up and your identity is verified, navigate to the “Trade” page and place an order to buy your desired cryptocurrency.
After buying the cryptocurrency, the most important thing to do is to move the purchased crypto from the exchange to a secure private wallet.
3. Binance
Binance is a cryptocurrency exchange platform founded in 2017 by Changpeng Zhao. Binance is popular for its low trading fees and fast transaction processing.
Just like other exchange platforms mentioned in this article. Binance ‘s interface is user-friendly. Aside from buying different cryptocurrencies on Binance, it also offers other services like trading digital assets in a decentralized manner using Binance DEX.
Overall, Binance is one of the most popular and widely-used cryptocurrency exchanges in the world.
Here are the steps to follow to buy cryptocurrency on the Binance website:
1. Visit Binance.com and create a free account. This will require you to provide some personal information, such as your name, email address, and phone number.
2. Verify your identity by providing a government-issued ID or passport.
3. Once your account is verified, you will need to deposit funds into your account in order to buy cryptocurrency.
4. Search for the cryptocurrency using the search bar and pick any cryptocurrency of your choice. Once you have selected the cryptocurrency, you can place a buy order.
4. Gemini.com
Gemini is one of the best websites to buy, sell and store different types of cryptocurrency. The platform is owned and operated by the Winklevoss twins, who are also known for their early involvement in Facebook.
Gemini is known for its focus on compliance and regulatory oversight and has received licenses and approvals to operate in various jurisdictions including the United States and Canada.
Here are the general steps you can follow to buy cryptocurrency on Gemini:
1. Go to gemini.com and click on the “Sign Up” button.
2. Verify your identity by providing your personal information and uploading a government-issued ID.
3. Gemini will require you to link a bank account to make deposits and purchases.
4. Once your bank account is linked, you can deposit by clicking on the “Deposit” button.
5. Buy cryptocurrency: Once your funds have been deposited, you can go to the “Buy” page to purchase the cryptocurrency of your choice.
After your purchase is complete, make sure to transfer your cryptocurrency to a safe wallet. Gemini offers a built-in wallet service, but you can also use a hardware wallet for added security.
How to choose the best one for you?
There are many good websites where you can buy cryptocurrency. Some of them include SnappyExchange, Coinbase, Kraken, Gemini, and many others.
However, it is important to research which website to buy cryptocurrency from before making a final decision. Additionally, it is crucial to properly secure your account and keep your passwords and private keys safe. Remember, the cryptocurrency market is highly volatile, so don’t invest more than you’re willing to lose.
It is important to also consider the coin you want to buy.
Another important factor to consider is security. It is essential to choose a platform that has robust security measures in place to protect your account and your assets. This includes two-factor authentication, encryption, and cold storage for storing assets offline.
Nevertheless, the best websites to buy cryptocurrency have been listed and explained in this article. Our personal recommendation remains SnappyExchange.com, your surest website to trade cryptocurrencies.
