If you’re looking to buy cryptocurrencies like Bitcoin, Ethereum and other popular cryptos, you may be hard-pressed to know how to get started. Before you buy crypto assets, it’s important to check online review sites for reviews of the best platforms to buy cryptocurrency, their fee structures, payment methods, and trading features. In this how to buy cryptocurrencies guide, we’ll explore the ins and outs of crypto and the best places to buy cryptocurrency in 2022 safely at a regulated exchange. On this Page:Contents [show] How to Buy Cryptocurrency – Quick Guide Do you want to buy cryptocurrencies like Bitcoin right now? If yes, you can follow the four quickfire steps outlined below to get started. Open an account: You’ll first need to open an account with a trusted cryptocurrency broker. We recommend eToro.com, as the platform is heavily regulated, supports multiple deposit options and has copytrading features. Upload ID: As a regulated brokerage site, eToro will ask you to upload a copy of your government-issued ID. Deposit: You can deposit funds with a debit/credit card, Paypal, Neteller, Skrill, or bank wire. Buy Cryptocurrency: Search for any cryptocurrency of choice and click ‘Trade’. 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For beginners, we recommend using the eToro platform to buy and sell cryptocurrencies. In this section, we will explore how you can buy cryptocurrencies in as little as five minutes: Step 1: Open a Brokerage Account at eToro To get started, visit the official website of the eToro platform and create a free account. You will be redirected to a signup page where you will need to provide a username, email address and choose a unique, strong password. You can also decide to fast-track the signup process by opening an account with your Facebook or Google account at the bottom of the page. Step 2: Verify your identity The next step is to verify your identity. This is necessary because eToro is regulated by some of the top global bodies. Every new user will need to complete the know-your-customer (KYC) process to have their accounts verified. This requires a copy of your: Passport, driver’s license, or national ID card Utility bill or bank account statement issued within the last 3 months In most cases, eToro will authenticate your documents straight away and subsequently remove all account restrictions. Step 3: Fund Your Account To begin trading, you will need to fund your eToro account. eToro requires an initial minimum deposit of $200. In addition, eToro offers multiple payment methods to make this process easy for you. You can choose from: Debit/credit card (Visa, MasterCard, Maestro) Paypal Skrill Neteller Local bank transfer (country-specific) International bank wire In terms of fees, eToro charges just 0.5% on deposits – irrespective of the payment method. This is much cheaper than some of its main competitors, with Coinbase charging 3.99% to buy Bitcoin with a debit card. Furthermore, if you are a US resident depositing funds with a USD-backed payment method, there is no transaction fee at all. This stands at $10 for US and UK residents and $50 for most other countries regarding the minimum deposit. Step 4: Buy Cryptocurrency The final step is to buy the cryptocurrencies that you want. eToro allows you to choose from over 16 cryptocurrencies. You can buy Bitcoin, Ethereum, ADA, or even Dogecoin. To get started, head to the search bar and type in the cryptocurrency you want to purchase. Say, for example, you want to buy Ripple or Bitcoin, type ‘XRP’ or ‘BTC’ into the search bar and click on the first result that pops up. Once you get to the asset page, you can click on the ‘Stats’ button to get the financial track record of the digital asset. To complete the purchase process, click on the ‘Trade’ button on your right. You will be shown an order page like the screenshot above to choose how much you want to invest and set your stop-loss and take-profit levels. Step 5: Download The eToro Mobile App (Optional) This step is entirely discretionary and subject to your particular needs. However, if you will like to trade on your mobile when on the move, you can download the eToro mobile app. It is available for Android and iOS devices, and you can easily find it on the Play Store and Apple Store, respectively. Compare Platforms to Buy Cryptocurrency Visit Site68% of retail CFD accounts lose money.Visit Site74% of retail investor accounts lose money when trading CFDs with this provider.Visit SiteThe price and value of any investment in digital asset products can fluctuate.Visit SiteThe traded price of digital tokens can fluctuate greatly within a short period of time.Visit SiteMarket prices for digital tokens can be volatile and highly unpredictable.Visit SiteAs with any asset, the values of digital currencies may fluctuate significantly.Visit SiteThe value of digital currencies can go up or down frequently.Visit Site71% of retail CFD accounts lose money.Visit SiteAs prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.Rating5.04.74.74.64.54.44.34.14.0Mobile App Rating10/109/109/108/108/109/109/109/1010/10FeaturesMobile AppWalletNumber of Coins14059223615566215121FeesTrading FeesSpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%Deposit FeesN/AN/AN/AN/AN/AN/AN/AN/AN/AWithdrawal Fees$5N/A0.0005 BTCN/AN/AN/AN/AN/AN/AExtrasRegulatedASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/AMin. Deposit$50100 EURN/AN/A$10$10$2$100N/ALeveraged TradingN/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x