Search Inside Bitcoins

How to Buy Cryptocurrencies – Best Crypto Exchanges

If you want to buy cryptocurrency but don't know how to go about it, you've come to the right place. In this guide we list the best platforms to buy crypto, and how to make your purchase step-by-step.
Buy Cryptocurrency
Buy Cryptocurrency

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.

    1. 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.
    2. Upload ID: As a regulated brokerage site, eToro will ask you to upload a copy of your government-issued ID.
    3. Deposit: You can deposit funds with a debit/credit card, Paypal, Neteller, Skrill, or bank wire.
    4. Buy Cryptocurrency: Search for any cryptocurrency of choice and click ‘Trade’.

    Best Crypto Exchanges in August 2022

    $
    =
    Paxos Standard
    Paxos Standard
    Paxos StandardPaxos Standard
    StellarStellar
    XRPXRP
    LitecoinLitecoin
    EthereumEthereum
    Bitcoin CashBitcoin Cash
    BitcoinBitcoin
    MonaCoinMonaCoin
    AugurAugur
    Bancor Network TokenBancor Network Token
    Golem Network TokenGolem Network Token
    MakerMaker
    GnosisGnosis
    AragonAragon
    Basic Attention TokenBasic Attention Token
    Status Network TokenStatus Network Token
    Crypto.comCrypto.com
    StorjStorj
    DecentralandDecentraland
    UtrustUtrust
    Enjin CoinEnjin Coin
    ChainlinkChainlink
    USD CoinUSD Coin
    BitTorrentBitTorrent
    HedgeTradeHedgeTrade
    QuantQuant
    Crypto.com Chain TokenCrypto.com Chain Token
    Matic NetworkMatic Network
    Ocean ProtocolOcean Protocol
    AlgorandAlgorand
    SwipeSwipe
    Orchid ProtocolOrchid Protocol
    Multi Collateral DaiMulti Collateral Dai
    CyberVeinCyberVein
    Hedera HashgraphHedera Hashgraph
    UniBrightUniBright
    LoopringLoopring
    0x0x
    HiveHive
    RevainRevain
    Nervos NetworkNervos Network
    SynthetixSynthetix
    TetherTether
    CompoundCompound
    CeloCelo
    KusamaKusama
    VergeVerge
    TerraTerra
    Bitcoin GoldBitcoin Gold
    SteemSteem
    KomodoKomodo
    Ethereum ClassicEthereum Classic
    ZCashZCash
    VeChainVeChain
    ZilliqaZilliqa
    TRONTRON
    TezosTezos
    SiacoinSiacoin
    RavencoinRavencoin
    QTUMQTUM
    OntologyOntology
    OMG NetworkOMG Network
    NEONEO
    NEMNEM
    MoneroMonero
    LiskLisk
    IOTAIOTA
    IOS tokenIOS token
    ICON ProjectICON Project
    FantomFantom
    EOSEOS
    DogecoinDogecoin
    DecredDecred
    DashDash
    CosmosCosmos
    CardanoCardano
    BitsharesBitshares
    Bitcoin SVBitcoin SV
    WavesWaves
    yearn.financeyearn.finance
    Kyber NetworkKyber Network
    PAX GoldPAX Gold
    KavaKava
    BalancerBalancer
    Curve DAO TokenCurve DAO Token
    NanoNano
    Band ProtocolBand Protocol
    UMAUMA
    StoxStox
    RENREN
    RIF TokenRIF Token
    Reserve RightsReserve Rights
    Energy Web TokenEnergy Web Token
    FTX TokenFTX Token
    ElectroneumElectroneum
    Celsius NetworkCelsius Network
    ThorchainThorchain
    AaveAave
    SerumSerum
    SushiSushi
    Binance CoinBinance Coin
    HeliumHelium
    ZBZB
    ChilizChiliz
    ElrondElrond
    AvalancheAvalanche
    TomoChainTomoChain
    DFI.moneyDFI.money
    Bitcoin DiamondBitcoin Diamond
    ThetaTheta
    Huobi TokenHuobi Token
    BlockstackBlockstack
    PolkadotPolkadot
    StacksStacks
    SolaSola
    SolanaSolana
    StratisStratis
    PlusCoinPlusCoin
    PolygonPolygon
    Machine Xchange CoinMachine Xchange Coin
    Uniswap Protocol TokenUniswap Protocol Token
    HoloHolo
    Wrapped BitcoinWrapped Bitcoin
    The GraphThe Graph
    DaiDai
    xDai ChainxDai Chain
    Shiba InuShiba Inu
    SafeMoonSafeMoon
    1inch1inch
    The SandboxThe Sandbox
    Axie Infinity ShardsAxie Infinity Shards
    Hoge FinanceHoge Finance
    Alien WorldsAlien Worlds
    Yield Guild GamesYield Guild Games
    Ankr NetworkAnkr Network
    API3API3
    AmpAmp
    LivepeerLivepeer
    My Neighbor AliceMy Neighbor Alice
    Origin ProtocolOrigin Protocol
    Hydro ProtocolHydro Protocol
    Oasis LabsOasis Labs
    RaydiumRaydium
    IlluviumIlluvium
    Render TokenRender Token
    GalaGala
    TravalaTravala
    PancakeSwapPancakeSwap
    Ethernity ChainEthernity Chain
    HarmonyHarmony
    CartesiCartesi
    ImpactImpact
    GasGas
    Mercury ProtocolMercury Protocol
    NearNear
    iEx.eciEx.ec
    NumeraireNumeraire
    Gemini DollarGemini Dollar
    PARSIQPARSIQ
    aelfaelf
    ABBC CoinABBC Coin
    ArdorArdor
    AmpleforthAmpleforth
    ArweaveArweave
    Worldwide Asset eXchangeWorldwide Asset eXchange
    HorizenHorizen
    BytomBytom
    Gatechain TokenGatechain Token
    JUSTJUST
    HyperCashHyperCash
    NEXONEXO
    Floki InuFloki Inu
    Wirex TokenWirex Token
    1 Providers that match your filters
    Sort By
    Rating
    Rating
    Price
    1 Providers that match your filters
    Payment methods
    Features
    Usability
    Support
    Fees
    0 or better
    Safety
    0 or better
    Coin selection
    0 or better
    Rating
    0 or better
    Rating
    for $1000 you get0.0433 BTC
    Features
    Easiest to deposit
    Most regulated
    Copytrade winning investors
    Fees
    Safety
    Coin selection
    for $1000 you get0.0433 BTC
    68% of retail CFD accounts lose money.
    Features
    Instant verificationFor beginnersWallet ServiceMobile App
    Payment methods
    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort

    How to Buy Cryptocurrency – eToro Tutorial

    Gaining access to cryptocurrencies can be tedious if you are not using the right platform to do this. 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

    eToro sign up

    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

    Fund your eToro 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

    where to buy bitcoin

    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

    broker-logo
    68% of retail CFD accounts lose money.
    broker-logo
    74% of retail investor accounts lose money when trading CFDs with this provider.
    broker-logo
    The price and value of any investment in digital asset products can fluctuate.
    broker-logo
    The traded price of digital tokens can fluctuate greatly within a short period of time.
    broker-logo
    Market prices for digital tokens can be volatile and highly unpredictable.
    broker-logo
    As with any asset, the values of digital currencies may fluctuate significantly.
    broker-logo
    The value of digital currencies can go up or down frequently.
    broker-logo
    71% of retail CFD accounts lose money.
    broker-logo
    As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.
    Rating
    5.0
    4.7
    4.7
    4.6
    4.5
    4.4
    4.3
    4.1
    4.0
    Mobile App Rating
    10/10
    9/10
    9/10
    8/10
    8/10
    9/10
    9/10
    9/10
    10/10
    Mobile App
    Wallet
    Number of Coins
    14059223615566215120
    Trading Fees
    SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2%
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A
    Min. Deposit
    $50100 EURN/AN/A$10$10$2$100N/A
    Leveraged Trading
    N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x
    Bitcoin
    $23068.79$23158.75$23083.78$40391.88$40393.04$40404.41$40416.27$23147.21$40377.55
    Ethereum
    $1720.45$1700.19$1689.64$2796.11$2795.55$2797.45$2796.59$1694.28$2795.54
    XRP
    $0.37$0.37N/A$0.23N/A$0.78$0.30$0.37$0.78
    Tether
    $1.00N/A$1.00$1.00N/AN/A$1.00N/AN/A
    Litecoin
    $60.07$59.24N/A$109.04N/A$109.10$109.04$59.30$108.99
    Bitcoin Cash
    $136.36$135.56N/A$506.41N/A$295.12$295.07$135.49$294.96
    Chainlink
    $8.72$8.65N/A$14.26N/A$14.68$14.67$8.76$14.68
    Cardano
    $0.53$0.52N/A$0.83N/A$0.83$0.83N/A$0.83
    IOTA
    $0.34$0.33$0.33N/A$0.70$1.91$1.91$0.33