The future of money and finance has arrived. Bitcoin has been around since 2009. Since then, hundreds of cryptocurrencies have been created. Today, they have a combined market cap of hundreds of billions of dollars. Investors ought to understand how to transact with cryptocurrencies. It starts with acquiring some. The easiest way to acquire crypto is to buy it from an exchange. CoinMarketCap has put together an easy to use guide for the first time crypto buyer. You can find the guide here.
You can follow these easy steps to get some crypto:
- First, choose an exchange such as Coinbase, Kraken, Binance, or Gemini.
- After registering with the exchange of your choice, choose a cryptocurrency to buy, the amount of crypto you want, and pay by using a bank or wire transfer, a third party payment processor (such as PayPal), or a credit/debit card.
- You can keep your newly acquired crypto in the exchange, or you can store it in your own crypto wallet. To learn more about crypto wallets you can go here.