How to make your first crypto purchase

in #steem7 years ago

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As Bitcoin and Ethereum start to receive more and more media attention the crowds have been wanting to get in the game....but how?

Here in America we have a few options that I know of open to us, so let's take a quick look at the main three.

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Coinbase is what seems to be the currently most trusted way to purchase coins. With bank deposits, credit card or wire transfers you can take you pick.

However their fees aren't the best either, but the convenience of being able to buy directly from your bank in usd to eth is pretty nice.

If you purchase with cc (and also wire i believe) you will receive your coins instantly. Bank transfers vary from 3-6 days but your purchase price is locked in.

I wouldn't recommend selling coins on coinbase (to your usdt wallet) because the fees are pretty high. So only sell on coinbase if your cashing out.
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Next on the list Gemini. Very similar to Coinbase with bank deposits, cc and wire. But Gemini has a little more. Not only do they boast to have lower fees but they also have an exchange! (Coinbase does have Gdax but they run separate as opposed to Gemini)

However on the downside, the volume on the Gemini training site is lack luster if anything and if I'm understanding correctly you cannot directly buy coins from your bank. You would get usdt then have to fight in the markets to get some coins....
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Then there's Bitquick.co, not last on the list not because it's less deserving, but more because I feel like that is it's spot...still in the alley shadows but there.

Every time I use it I still get the feeling of doing something not quite right, running some sort of covert ops putting in orders then recieving emails with code names which I took to the bank made cash deposits to grab the reciept write on it take picture and throw away before message explodes!!!

All in one breath lol, but always the most convenient however can be a gold mine if you keep your eyes on it.

When bitcoin made its jump from 1500 to 1800 then 1900...someone missed the memo and still had bitcoin on sale for 1550, needles to say one discovered it was rectified (and by that I mean purchased with animal like ferocity) So this is a site worth keeping on eye on

I have four posts that i plan on repeating daily, this being one of them, to make sure that everyone has had a to see the information. If you guys feel like this is spam let me know.

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