Tips for Beginning Buyers of Cryptocurrency
Economic researcher and Certified Identity Theft Risk Management Specialist Robert M. Ryerson is a respected authority on identity-theft prevention and long-term financial planning. With a background in finance and technology, Robert M. Ryerson co-founded Crypto Currency Consultants, LLC, which educates the public on buying and exchanging cryptocurrencies.
Many first-time buyers exchange fiat currency, such as the euro or dollar, for cryptocurrency. The most popular, such as Bitcoin, can be purchased easily with traditional money, so most buyers begin with them. These cryptocurrencies can then be exchanged for many of the more than 1,500 new ones on the market.
Several secure online exchanges allow investors to purchase certain cryptocurrencies with a debit or credit card or other payment methods. These exchanges also provide users with an online wallet to store crypto. Offline, investors can use Bitcoin ATMs to buy or sell cryptocurrency at current exchange rates. Savvy customers can also use cash to buy cryptocurrencies directly from sellers. While this method is popular, it can come with risks, and buyers must set up their crypto storage.
