The popularity of cryptocurrencies as investment instruments is constantly growing. Digital assets are becoming part of the real economy, which adds to their investment attractiveness, but does not eliminate the main risks.
Where to buy coins
There are hundreds of trading platforms for cryptocurrencies. These include centralized and decentralized exchanges, as well as fast exchange services. They are very convenient for relatively rare transactions with cryptocurrencies. A built-in BTC to ETH calculator is provided on any platform that supports this swap direction. This function helps you quickly determine how satisfied you are with the deal in the current situation.
CoinSwitch
CoinSwitch is an Indian trading platform operating since 2017. The service supports more than 400 coins and tokens.
The platform allows you to buy cryptocurrencies for fiat money without using bank cards. Thanks to cooperation with various exchanges, more than 100,000 exchange directions are available on the platform.
CoinSwitch is one of the most famous and popular cryptocurrency exchanges that does not require KYC verification.
Changelly
Changelly supports over 200 types of altcoins and allows users to choose between floating or fixed exchange rates. Users can easily exchange, buy and sell cryptocurrencies through the platform’s home page. Changelly also provides the opportunity to trade through the PRO version of the service.
Bisq
The Bisq platform, also known as BitSquare, is a completely decentralized marketplace where there is no need to disclose personal data.
It is a peer-to-peer trading platform for exchanging cryptocurrencies and is considered one of the most advanced. Supports over 15 payment methods and has over 120 supported cryptocurrencies.
Considered one of the safest exchanges, it can be challenging for new investors. The disadvantage is the low trading volume.
LetsExchange
LetsExchange is an online instant cryptocurrency exchange service that provides users with a fast and convenient opportunity to exchange various cryptocurrencies with each other.
The service is available in more than 200 countries and supports more than 4,000 assets, including fiat currencies. When conducting a cryptocurrency exchange operation, the user selects a trading pair, floating or fixed exchange rate and indicates the desired amount for the swap. That is, swap ATOM to ETH is performed in a few clicks, like any other operation using this service.
The service provides the wallet address to which funds should be sent. After funds are credited to the LetsExchange wallet, the cryptocurrency swap is performed automatically, and the user receives the desired currency in his wallet.
The platform does not provide storage services, and to use the service you must have your own offline crypto wallet.
Godex
The Godex platform operates on a fixed exchange rate basis and provides instant and anonymous exchange of digital currencies.
The platform currently provides access to over 300 different coins, and almost every popular cryptocurrency is available for exchange.
The average transaction completion time is 5-30 minutes, which is significantly faster than many other platforms where the process can take 30 to 45 minutes. However, crypto-fiat transactions are not supported on Godex and this is a significant disadvantage.
Important steps when starting to invest in cryptocurrencies
- Before investing, carefully study the technology, project goals, current prices and market capitalization of the coins you are interested in.
- Decide how much money you are willing to invest, for what period and what percentage of the portfolio to allocate to cryptocurrencies.
- Research the reputation, security, availability in your area, and trading fees of your chosen exchange. Check support for the assets you are interested in.
- Consider using instant and anonymous exchangers such as Let’sExchange for their fixed exchange rates and high transaction speeds.
Make sure your approach to investing in cryptocurrencies is based on thorough research and understanding of the risks. Always use caution when investing in high-risk assets.