One of the foremost concerns before trading in bitcoin or other cryptocurrencies is to look for a safe place to buy crypto. There has been a piqued interest in investing in BTC, and if you have been looking forward to trading in cryptocurrencies too, now is the time. But the real deal for beginners is to learn how to get started. If you are a rookie, you may have your fair share of doubts. However, in the digital age, trading in crypto is secure, simple, and easy for beginners.
Before we forge ahead, let’s learn in short about cryptocurrencies. Cryptocurrency is an important digital asset that combines cryptography science with blockchain technology to allow fast, inexpensive, and more safe financial transactions. Digital currency does all that conventional fiat money does — and even more — because it’s decentralized and not subject to authoritarian policy restrictions or any intervention by third parties. Many businesses have issued their own currencies, also called tokens, which you can exchange directly for the offered goods and services by them.
Whether you are new in trading or want to trade in cryptocurrencies for the long haul, you need to look for safety and security. To put your mind at ease, we have compiled a list of all the safe places to buy crypto so that you don’t have to.
Looking For A Safe Place To Buy And Sell Crypto?
- Cash App
Cash App is a safe place to buy crypto and one of the best crypto exchange platforms as well for beginners. The concept and interface are much like the app Venmo, which allows peer-to-peer trading or transferring money. Cash App comes with a host of features that one cannot miss out on. With an easy-to-use interface, it operates like a bank, where you can even get your Cash App debit cards. Through this app, you can pay rent, split bills and shop with Cash App registered retailers. This app makes it easy to invest in stocks and cryptocurrencies. One of the major advantages of this app is that users can also pull out crypto investments to their own accounts. It’s a safe and fast way to convert dollars into bitcoins for beginners.
- Coinbase
The crypto trading market is fraught with scams, and therefore, one needs to be cautious before investing. With Coinbase and Coinbase Pro, rookies can get their feet wet in crypto trading without any hesitation. It is a household name in the US for crypto trading and investment. Operating since 2012, Coinbase is a licensed and regulated cryptocurrency to trade and store cryptocurrencies. Initially, it started with bitcoins, but now it has over 25 cryptocurrencies for users to invest and trade-in. A safe and secure platform, Coinbase has been authorized and licensed to operate in over 40 US states.
Coinbase Pro is for people who want to experience an advanced trading system with robust features in relation to charts and indicators. If you are a Coinbase user, you can upgrade to Coinbase Pro for free. With Cash App, you can trade and invest for lower commission fees.
There are quite a few other crypto exchange platforms to trade for investors and traders like Binance and Bisq, which have a long history of reliability. Before you begin trading in bitcoins or other cryptocurrencies, it’s wise to stock up information about exchanges and how to invest in crypto.
