How to buy Bitcoins, Ethereum, Litecoins and more!

How to buy Bitcoins, Ethereum, Litecoins and more!

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Published: 30th of January 2020 | Category: Tutorials | Tags: Bitcoins, Ethereum, Litecoins, tutorials

Dear readers and users,

In this small tutorial we would like to show you how easy it is to buy crypto currencies like Bitcoin, Ethereum, Litecoin and more.

Let's take a reminder on what are crypto currencies:

What is cryptocurrency ?

Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

How is cryptocurrency sent and received ?

Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.

What are the advantages ?

The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference.

Let's get started

Choosing a wallet

First thing before buying any crypto currencies is having a wallet.

A wallet can be offline on your pc (but it will take a lot of space), or it can be online. (there are many types: desktop wallets, mobile wallets, hardware wallets, paper wallets, brain wallets)

Our recommandation is for you to use an online wallet from a well know company.

Since crypto currencies have become very popular globally, a lot of companies started offering free wallets, and other services.

Most of these companies got hacked, and millions of dollars worth of crypto coins were stolen.

Also most of these companies were fake, running scams. You have to be careful on what online wallet you choose to use.

We recommend you the following well known companies:

These are well known (pretty old already), and globally recognised companies that will offer you maximum security for your online wallet.

You can search on Google and read everything about them in case you have doubts.

Buying Bitcoins and other coins

After you created your online wallet, you can buy any coins (that the company offers) within literally seconds.

To make a purchase you need a credit card, some companies offer other type of payments too, but most serious companies take only credit cards.

Here is a nice tutorial posted online with pictures on how to buy bitcoins and other currencies:

The process of buying crypto currencies is fast and easy, however transfers are a bit different in terms of speed.

We will cover transfers in another post.

Thank you for reading, and feel free to leave a comment!

1 comment

Varshini on 2020-04-11 07:43:19

Good Content news about cryptocurrency scams and Bitcoin Scam News have been popping up everywhere .

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