How to buy Litecoin (LTC)?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Litecoin (LTC).
What is Litecoin?
Litecoin is a cryptocurrency (altcoin) launched in 2011 by Charlie Lee, an engineer at Google. Litecoin used the same bitcoin’s source code and is based on the blockchain. Litecoin network is faster and mining takes about 2.5 minutes compared to 10 minutes in case of bitcoin. Transaction fees are also significantly low.
Who can buy Litecoin?
Anybody can purchase Litecoin using the government-issued currency where bank transfer, wire transfer, ACH transfer, credit card and debit card can be used. One can also trade Litecoin with other currency on popular trading platforms.
How and where to buy Litecoin?
Coinbase is the most popular place to purchase Litecoin and its best, especially for US citizens. You can also purchase Litecoin by exchanging it with Bitecoin or any other currencies at exchanges like Binance (Best for USA and International purchase) or Bitfinex (Best only for Non-USA). However, at Binance you can’t purchase Litecoin directly by paying in Dollar or Euro. First, you need to buy other cryptocurrencies like bitcoin, Ethereum somewhere (may be from Coinbase) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can, buy Litecoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other altcoins like Litecoin.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Litcoin on eBay. Current market price of 1 Litecoin is about $300-350 as on December 24, 2017, while it’s available on eBay anywhere between $500-$1000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like craigslist, offer up, letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Litecoin
Litecoin is a fast-rising cryptocurrency. The only question which everybody is asking – Is this the right time to think about cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
Coinbase & GDAX Trading Platform: Buy/Sell/Trade BTC, BCC, ETH & LTC
Brief about Coinbase and GDAX?
Coinbase is the most popular place to buy cryptocurrency. It is based on the US and offers four cryptocurrencies at present. GDAX is a trading platform by Coinbase which is the world’s most popular site to purchase bitcoin, Ethereum, Litcoin, and bitcoin cash. GDAX also offer these four cryptocurrencies to trade against government-issued currencies.
- Bitcoin (BTC)
- Bitcoin cash (BCC)
- Ethereum (ETH)
- Litecoin (LTC)
Supported currencies
On GDAX, bitcoin can be purchased with USD, EURO, and GBP while Ethereum and Litecoin can be purchased with bitcoin, USD, and EURO. Currently, Bitcoin cash can be traded only against USD.
Benefits and risk of trading
Trading can be extremely risky and may result in losses. Every sell also involve a purchase from somebody and there is always a chance that one of these two people will be benefited more with the trade. However, if you purchase at the low price and sell at the higher price then there is a chance that you can make good money out of trading. There is no limit on how many times you can trade so you can repeat the cycle of buying and selling to maximize profit.
Where to begin?
You first need to join Coinbase. Once you joined you will use the same login credential to use GDAX. However, you need to verify your identity which can be done on Coinbase or GDAX website interface. They need your identity card to be uploaded to verify your account. Once your identity is verified then you can start trading on the GDAX platform.
Supported Countries by Coinbase?
Currently, Coinbase is supported in 32 countries. Citizens of these countries can buy and sell cryptocurrencies at Coinbase.
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Finland
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Liechtenstein
- Malta
- Monaco
- Netherlands
- Norway
- Poland
- Portugal
- San Marino
- Slovakia
- Slovenia
- Spain
- Sweden
- Switzerland
GDAX trading is supported in 4 Countries
- US
- Canada
- United Kingdom
- Europe
They keep adding new countries. Please follow the following links to know the current status of supported countries and what payment methods available for residents of these countries
Supported US states: Link give you details of US states where Coinbase/GDAX has licence to do business.
Supported Countries: Link also give you information about which currencies can be used to buy/sell cryptocurrencies
Binance Cryptocurrency Platform: Purchase and Trade 100s of Altcoins
Following are the list of altcoins currently offered on Binance trading platform as on 12th December 2017. The list is alphabetically arranged and there is no relation between potential or popularity of these altcoins. This platform regularly adds new coins and delist some unpopular coins.
- AdEx (ADX)
- aelf (ELF)
- Aeron (ARN)
- AirSwap (AST)
- Agrello (DLT)
- AION (AION)
- Amber (AMB)
- Ark (ARK)
- Basic Attention Token (BAT)
- BCX (BCX)
- Bancor (BNT)
- Binance (BNB)
- Bitcoin (BTC)
- Bitcoin Cash (BCC)
- Bitcoin Diamond (BCD)
- Bitcoin Gold (BTG)
- BitShares (BTS)
- BlockMason Credit Protocol (BCPT)
- Bread (BRD)
- Bytom (BTM)
- Cardano (ADA)
- ChainLink (LINK)
- Cindicator (CND)
- CoinDash (CDT)
- CyberMiles (CMT)
- Dash (DASH)
- Decentraland (MANA)
- DigixDAO (DGD)
- district0x (DNT)
- Enigma (ENG)
- EnjinCoin (ENJ)
- EOS (EOS)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- ETF (ETF)
- Etherparty (FUEL)
- EthLend (LEND)
- ETHOS (BQX)
- Everex (EVX)
- FunFair (FUN)
- Genesis Vision (GVT)
- Gifto (GTO)
- GXShares (GXS)
- HealthCare Chain (HCC)
- Hshare (HSR)
- ICON (ICX)
- ICONOMI (ICN)
- Komodo (KMD)
- KyberNetwork (KNC)
- Lisk (LSK)
- Litecoin (LTC)
- LLToken (LLT)
- loopring (LRC)
- Metal (MTL)
- MIOTA (IOTA)
- Modum (MOD)
- Moeda Loyalty Points (MDA)
- MONACO (MCO)
- Monero (XMR)
- Monetha (MTH)
- Neblio (NEBL)
- NEO (NEO)
- NeoGas (GAS)
- Nuls (NULS)
- OMG (OMG)
- openANX (OAX)
- OYOW (YOYO)
- Po.et (POE)
- Populous (PPT)
- PowerLedger (POWR)
- Qtum (QTUM)
- Quantstamp (QSP)
- Raiden Network Token (RDN)
- Request Network (REQ)
- Ripio Credit Network (RCN)
- Ripple (XRP)
- Salt (SALT)
- Simple Token (OST)
- SingularDTV (SNGLS)
- SONM (SNM)
- Status (SNT)
- Stellar Lumens (XLM)
- Storj (STORJ)
- Stratis (STRAT)
- Substratum (SUB)
- Super Bitcoin (SBTC)
- TetherUS (USDT)
- Tierion (TNT)
- Time New Bank (TNB)
- TRON (TRX)
- VeChain (VEN)
- Verge (XVG)
- Viberate (VIB)
- WaBi (WABI)
- WaltonCoin (WTC)
- Waves (WAVES)
- Zcash (ZEC)
- ZCoin (XZC)
- ZRX (ZRX)
Benefits and risk of trading
Trading can be extremely risky and may result in losses. Every sell also involve a purchase from somebody and there is always a chance that one of these two people will be benefited more with the trade. However, if you purchase at the low price and sell at the higher price then there is a chance that you can make good money out of trading. There is no limit on how many times you can trade so you can repeat the cycle of buying and selling to maximize profit. The main benefits of using Binance trading platform is that you can purchase any altcoins at very low price and keep it for long enough time till it becomes more valuable.
Where to begin
You first need to join Binance. Once you joined, you need to verify your identity by uploading your identity card. Once your identity is verified then you can start trading on the Binance platform. They generally take 1-2 days to verify account which also depends on how busy is the queue.
What is Verge (XVG) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Verge (XVG).
What is Verge?
Verge is a Cryptocurrency which provides total anonymity and privacy to users. All transactions are completely anonymous and untraceable. It hides personal data, such as IP-addresses and geolocation during transactions which gives total confidentiality of the users. Verge is an open source project and not controlled by any private organization. Therefore all development and new features are the outcomes of the whole community. Verge was created in 2014 under the name DogeCoinDark and was re-branded to Verge Currency in 2016.
Who can buy Verge?
Verge is an altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Bitcoin Gold.
How and where to buy Verge?
Binance (Best for USA and International purchase) is the best places to buy Verge. However, you can’t purchase Verge directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Verge with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Verge.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Verge on eBay. Current market price of 1 verge is about ~$0.1 as on December 20, 2017, while it’s available on eBay anywhere between $0.2-0.5. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Verge
Verge is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
What is Ripple (XRP) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Ripple (XRP).
What is Ripple?
Ripple is a cryptocurrency which has been increasingly adopted by banks and credit card companies as payment networks. This altcoin was released in 2012 which enables secure, instantly and nearly free global financial transactions of any size with no chargebacks. The latest acceptance by three of Japan’s big credit card companies who signed up to use Ripple’s technology has given the boost to Ripple’s market value. The highest trading Ripple in last 24 hours (~25-30%) is coming from South Korean exchange Bithumb and Hong Kong exchange Bitfinex as on 29th December 2017. This sudden popularity may be due to the plan of new digital payments systems announced with assistance from SBI Ripple Asia in Tokyo and Woori Bank and Shinhan Bank of South Korea. This will help in sending money quickly to these two countries. The payment will use Ripple blockchain network. The biggest advantage of Ripple’s payment gateway is that it allows cross-border payments to be finished within 10-15 seconds compared to 2-3 working days via SWIFT network. Ripple also has the financial agreement with 100s of financial institutions to use its platform for money transfer across the border. Ripple has now come to the 2nd position in market capitalization surpassing Ethereum.
Who can buy Ripple?
Ripple is an altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established cryptocurrency likes Ethereum then you can exchange.
How and where to buy Ripple?
Binance (Best for USA) is the best places to buy Ripple. However, you can’t purchase Ripple directly by paying in Dollar or Euro. First you need to buy other cryptocurrencies like bitcoin, litecoin, Ethereum somewhere (maybe from Coinbase which is most popular and trusted worldwide) then you need to transfer that to Binance balance (which is very simple and both sites will give you the respective currency address to get the currency) and then you can buy Ripple with that balance. In other words, this is just the exchange and not the actual buying with dollars. On Binance, all trading is done with BTC, ETH, BNB or USDT. Therefore even if you have any altcoin you need to purchase one of these currencies first to exchange it for other altcoins like Ripple.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Ripple on eBay. Current market price of 1 ripple is about ~&0.7 as on December 19, 2017, while it’s available on eBay anywhere between $2-10. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Ripple
The only question which everybody is asking – Is this the right time to think about cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or a gold.
Caution
I am not the cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
What is IOTA/MIOTA (cryptocurrency altcoin) and and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like IOTA/MIOTA.
What is Iota?
Iota is a cryptocurrency which enables micro and even nano-transactions because smallest unit IOTA is too small. It’s the first cryptocurrency without a blockchain, it runs on the blockless distributed ledger Tangle. There are no transaction fees and doesn’t involve mining. This cryptocurrency was first launched in 2015 while the token exchange was launched in 2017
Following are the description of various units of Iota.
Iota = 1 Iota = 1i = 1i
KiloIota = 1 Kiota = 1Ki = 1,000i
MegaIota = 1 Miota = 1Mi = 1,000,000i
GigaIota = 1 Giota = 1Gi = 1,000,000,000i
TeraIota = 1 Tiota = 1Ti = 1,000,000,000,000i
PetaIota = 1 Piota = 1Pi = 1,000,000,000,000,000i
IOTA is also making big news these days after the partnership with big companies. However, there are much fake news in crypto world. The concept of IOTA is little confusing for too many people. It takes a lot of time to find what exactly IOTA is? However, IOTA is meant for small payment so it was designed to do micro-payments. That’s why the smallest unit is IOTA. But it is very difficult for trading exchanges to deal with such a small unit so most of the exchanges have listed Iota as MIOTA (1 Mi= 1,000,000 IOTA) and the price indicates Miota.
Who can buy Iota?
Iota is an altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established cryptocurrency likes Ethereum then you can exchange.
How and where to buy Iota?
Binance (Best for USA) is the best places to buy IOTA. However, you can’t purchase IOTA directly by paying in Dollar or Euro. First, you need to buy other cryptocurrencies like bitcoin, litecoin, Ethereum somewhere (maybe from Coinbase) then you need to transfer that to Binance balance (which is very simple and both site will give you the address to get currency) and then you can buy IOTA with that balance. In other words, this is just the exchange and not the actual buying with dollars. On Binance, all trading is done with BTC, ETH, BNB or USDT. Therefore even if you have any altcoin you need to purchase one of these currencies first to exchange it for other altcoins like IOTA.
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell IOTA on eBay but beware and don’t get confused between IOTA and MIOTA. As previously mentioned, all trading exchanges list IOTA as MIOTA and current price shown in all graphs and newspapers represent the price of 1 MIOTA and not the 1 IOTA. Current market price of 1 MIOTA (=1,000,000 IOTA) is about ~&4-5) as on December 19, 2017, while it’s available on eBay anywhere between $20-100. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of IOTA
The only question which everybody is asking – Is this the right time to think about cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or a gold.
Caution
I am not the cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Cryptocurrency
Learn about the Cryptocurrency: Bitcoin, Ethereum, Litecoin, Ripple, Iota, Zcash, Dash, Monero and many more