Buy Cryptocurrency – Recommendations & Tips
Our recommendation: Less complicated is the purchase of crypto currencies via a financial product.
Product recommendation: You can buy or sell cryptocurrencies as CFDs, for example via the provider Plus5005 (CFD Service. Your capital is in danger). You should be aware of the opportunities and risks of CFD trading. If you want to invest in real cryptocurrencies, you can do so at Bitpanda*, for example. With a customer account with Swissquote* you can trade the most important 26 cryptocurrencies. With Bison*, the Stuttgart Stock Exchange also offers a very attractive alternative through which you can purchase cryptos.
You can also participate in the performance of some digital currencies with certificates. Buy cryptocurrency – the most important in a nutshell
Investors can invest in cryptocurrencies in various ways
If you want to buy crypto currencies, you should do so through well-known providers. European crypto exchanges or CFD brokers have higher security standards than, for example, Asian providers.
To buy “real” crytocurrencies, you need a wallet.
Here you can trade cryptocurrenciesProvidersProperty
Demo account opening in 15 minutes. Deposit by credit card or PayPal possible.
CFD Service. Your capital is in danger.
Product recommendation: At Plus5005 (CFD Service. Your capital is in danger) you can easily make deposits by PayPal and credit card, open a demo account in 15 minutes.
In the following, we will tell you what distinguishes the purchase of crypto currencies, why an investment in this area is still exciting and what opportunities you also have to participate in the performance of various digital currencies. Buying Cryptocurrencies: Rapid Development
The development of cryptocurrencies is progressing rapidly. While Bitcoin and Ethereum were the digital means of payment of a few computer geeks a few years ago, they are now also on everyone’s lips among private investors and speculative investors. The reason is simple: Anyone who bought Bitcoins for a few hundred euros a few years ago is now a millionaire.
If you have already been infected by the Bitcoin hype, then you have certainly already thought about how you can participate in the increase in value of crypto currencies and where you can buy Bitcoin, Ethereum and Co. There are several ways, the advantages and disadvantages of the different possibilities we illuminate below.
Product recommendation: Alternatively, you can also benefit from Bitcoin performance via ETPs or Structured Products. Of particular note here is the CoinShares Physical Bitcoin ETP, which is very cheap with a TER of 0.98%. Also noteworthy is the new ETP on Ethereum in CHF (ISIN GB00BLD4ZM24) from CoinShares. The ETP maps the performance of Ethereum 1:1 and is 100% physically secured with Ethereum. The management fee is 1.25% p.a.Trade cryptocurrencies as CFDs
Investors who are primarily interested in participating in the performance of a cryptocurrency can trade various cryptocurrencies through a CFD broker. Whichever cryptos you want to trade, with a CFD this is very possible.
You can think of a CFD as a security. As an investor, you participate directly in the development of the price of the cryptocurrency. If the digital currency rises, then its CFD also increases. However, you do not physically own the Internet currency, so you do not own a digital coin or file. For this, speculative investors can use leverage by means of a CFD. With leverage with a factor of 30, the CFD then falls or rises 30 times as much as the price of the cryptocurrency. Participation in a ratio of 1:1 is of course also possible.
Tip: If you want to buy or sell cryptocurrencies as a CFD, you can do so for example at Plus5005 (CFD Service. Your capital is in danger). Plus500 offers deposit by credit card and PayPal as well as a very fast demo account opening without PostIdent.
Of course, you can also use any other CFD broker of your choice. In your search for the right provider, our CFD broker comparison and our comparison of crypto brokers will support you.
Important: Always trade only with the money that you can cope with losing – CFDs are speculative instruments just like cryptocurrencies.
A special feature of cryptocurrencies is the so-called blockchain technology. To put it very simply, it works like an electronic cash book in which all transactions are noted. This cash book is not located at a central location, each crypto user has a copy of this cash book on his computer.
If anyone in the world pays for or trades in Bitcoin, it is immediately written into all copies of the cash book. This eliminates the purpose of a bank or a central bank that processes payments in conventional currencies, such as euros and dollars. Since the bank, i.e. the intermediary, of this foreign exchange transaction is omitted, the transaction can be carried out completely anonymously. In the Guide to Buy Bitcoin, you can also read about the ways in which you can buy the popular cryptocurrency.
If anonymous use is also important to you as an investor, then you should actually physically own Bitcoin, Ethereum and Co. There are different ways to buy the individual crypto currencies as a digital coin or file, but owning a wallet is always a basic requirement. A wallet is comparable to an electronic wallet or a current account for your pocket. This allows you to send and receive cryptos, i.e. make transfers.
How you use a wallet and where you get it from varies from digital currency to digital currency. Also, the purchase of real Bitcoins differs, for example, from the purchase of real Ripple. In the individual guides you will find all the information you need specifically for your crypto investment:
Tip: If you want to buy or sell real cryptocurrencies, you can do so at Bitpanda, for example. Registration is quick and easy within the framework of a user-friendly design. A variety of options are available for deposits and withdrawals. In addition to Bitcoin, more than 50 other digital assets can be traded. ProviderAdvice Advantage
Fast and easy processing with many deposit and withdrawal options.
Trade the most important 26 cryptocurrencies via derivatives or trade and hold them as a real crypto asset in your Swissquote wallet.
Uncomplicated trading of cryptocurrencies. Create your demo account and test trading cryptos at Bison in demo mode.
Product recommendation: At Bitpanda* you will find all cryptocurrencies in one place and a wide range of deposit and withdrawal options such as SOFORT or Visa/Mastercard. At Swissquote*, you trade the 26 most important cryptocurrencies at a regulated and listed Swiss bank. A not so large selection can be found at Bison. At the German provider, you can trade seven cryptocurrencies. Bison* is characterized by a particularly uncomplicated trading of cryptos and a very user-friendly app. Bison* is an offer of the Stuttgart Stock Exchange and can therefore draw on the many years of experience of an established stock exchange.
You might also be interested in:Cryptocurrency Exchanges
You can also buy digital currencies on so-called crypto exchanges. Among the best-known trading exchanges are CEX. IO, Kraken, Bitstamp and Paymium. On CEX. IO is particularly easy to process, especially since credit cards such as VISA and MasterCard are also available as payment methods. The prices of Bitcoin, Monero, Ripple, Litecoin or Ethereum on the various trading platforms can sometimes differ significantly from each other.
Trading on the crypto exchanges is automated. The trades on a marketplace, on the other hand, are processed manually, so you have to look for a suitable offer yourself. The conventional currencies US dollars or euros can be exchanged for Bitcoins or other Internet currencies on the crypto exchanges. Buy cryptocurrencies as a certificate