How to buy cryptocurrencies | Step by step guide

come comprare criptovalute Bitnovo
9 min read

If you have just entered the world of bitcoin and are desperate for advice on how to buy cryptocurrencies, you are in the right place.

In this post we will try to guide you through the process and show you the various ways to buy any type of digital currency, we will indicate which are the best platforms to buy cryptocurrencies and how to buy crypto in Bank and with Paypal.

Let’s start.

4 ways to buy cryptocurrencies (without scams)

come comprare criptovalute in sicurezza Bitnovo

In this paragraph we will explain 4 ways to buy cryptocurrencies without scams, or how to buy them in the right places and avoid running into sites that can promise you incredible earnings with cryptocurrencies, only to turn out to be a deception.

To buy bitcoins or other cryptocurrencies, you must first have a wallet or virtual wallet where you can store your crypto.

If you don’t know yet cos’è un wallet di bitcoin or you don’t have one yet, before proceeding to the purchase of cryptocurrencies, we advise you to know the various types of wallet to be able to choose the one that best meets your needs.

Once you have obtained your virtual cryptocurrency wallet, you can proceed with the purchase of your favorite crypto. How?

Where to buy cryptocurrency?

Well, to buy cryptocurrencies you basically have the following options:

Where to buy cryptocurrency?

  • Mining Services 

You can get bitcoins or other types of tokens for free through the mining process. Of course you will need a very powerful computer, depending on the blockchain mining requirements, and a lot of patience.

  • Broker for Bitcoin

When we talk about a Bitcoin brokerage service we are not talking about a simple purchase but rather a real investment.

If you don’t want to have headaches and you’re not interested in investigating and staying constantly updated on the price of bitcoins and other cryptocurrencies, then the most convenient option is to rely on a brokering platform to start operating with bitcoins.

The advantage is that you don’t have to be an expert to operate with cryptocurrencies. Just register on one of these online platforms to start working with cryptocurrencies.

However the downside to consider is that in these platforms you buy and sell Bitcoins without ever really owning them, since all the ‘purchased’ cryptocurrencies remain deposited on the platform on which they operate and the user is not the true custodian and owner of the cryptocurrencies.

If you are interested in trying out this option, here are some of the sites dedicated to cryptocurrency trading:

  • eToro
  • Plus 500
  • XTB
  • IC Markets
  • Pepperstone
  • Online sales and direct purchase services

In this case, we are referring to online cryptocurrency trading platforms, that allow to buy bitcoins and other altcoin with credit, debit, prepaid card or by bank transfer.

These are platforms that simply sell or buy cryptocurrencies athe price established by them or with small commissions on each purchase. 

The advantage of these platforms is that they normally have a fairly simple buying process which consists in creating an account, verifying your identity and providing the number of wallet to which you will send crypto.

Once the cryptocurrencies have been purchased, they will be sent to the buyer wallet, which will be the sole owner of crypto.

Below we will provide you with a list of the best sites on which to buy cryptocurrencies.

  • In cash at crypto – ATMs and physical store

Another very simple and safe way to buy cryptocurrency is by going to cryptocurrency Atms (Atms) or stores that sell cryptocurrency vouchers.

You may not be aware of this, but there are companies such as Bitnovo which have an ATM network and physical shops which offer their customers vouchers redeemable with cryptocurrencies.

So, how to buy cryptocurrencies in cash? Simple! Only you’ll have to:

  • Look for the nearest store più vicino 
  • Purchase a valid Cryptocurrency voucher with the desired amount 
  • Redeem the voucher on the Bitnovo website or the App

Receive your cryptocurrencies on your wallet (if you don’t have one you can use the bitcoin wallet by Bitnovo. It’s free 😉 ).

Buy cryptocurrencies via bank transfer 

come comprare criptovalute in banca Bitnovo

The increase in scams against users who wanted to invest in cryptocurrencies or the fear of running into fraud while buying crypto online, lead many users, interested in buying bitcoins, to ask if there is the possibility of buying cryptocurrencies via bank transfer Bank.

Let’s say first of all that Bitcoin is definitely a financial instrument little loved by traditional banking institutions. 

But beyond this motivation, we can say that nowadays no credit institution allows to buy cryptocurrencies in the Bank.

There is however an indirect form of doing so and it isby buying crypto on platforms that accept payment by bank transfer or debit/credit cards, as these systems are safe and traceable, they save our savings from possible cyber scams.

Buy cryptocurrencies with Paypal

One of the most popular search queries on Google is the possibility of being able to buy cryptocurrencies with Paypal.

One of the main reasons why many users are interested in buying bitcoins and other cryptocurrencies with Paypal, as in the previous case, lies in the fact that the numerous scams that have occurred to the detriment of potential crypto buyers make this payment method preferable to others, given that it provides greater security to users.

The impressive number of scams that hit those who decided to buy cryptocurrencies with the exchanges pushed many potential investors to look for solutions to buy cryptocurrencies with Paypal.

That’s why there are more and more platforms that accept payments with Paypal.

When buying cryptocurrencies with this payment method, it is very important to calculate the price of cryptocurrencies taking into account the fees of the platform that sells cryptos and the commissions established by Paypal.

Best Platforms to Buy Cryptocurrencies

As mentioned above, one of the safest and easiest solutions to buy cryptocurrencies is by using online platforms of direct purchase of crypto. 

These are sites that allow the cryptocurrency trading without the presence of intermediaries.

This means that you can buy crypto directly online, without having to trade with other investors, simply by using your credit/debit card or paying by bank transfer or other crypto, for example.

That’s why below we will show you a list of the best platforms to buy cryptocurrencies easily and safely and that boast a wide range of digital currencies.

 

Binance

Founded in 2017, this platform allows you to buy over 100 cryptocurrencies in a simple and secure way. 

 

Bitnovo

Established in 2014 in Spain,  Bitnovo is a payment gateway that allows you to buy bitcoins and over 20 different types of cryptocurrencies. It also makes available to its customers crypto Atms and vouchers redeemable with cryptocurrencies and can be purchased in thousands of physical and online stores.

Bit2Me 

Bit2me is a Spanish company, founded in 2015, that allows to buy and sell bitcoins and other 4 types of cryptocurrencies (Ethereum, Bitcoin Cash, Litecoin, Dash).

 

Coinbase

Founded in 2012, Coinbase allows its millions of users to operate in 100 countries and buy more than 20 different cryptocurrencies with commissions high enough compared to the market.

Well, now that you know how to buy cryptocurrencies and which are the best platforms to buy them without scams, you just have to choose the best formula to get your first crypto.

Prepare your virtual wallet and start storing your digital money.