With a market capitalization of more than 5 billion in the first quarter of 2020 and an estimated price of ,796 on May 25, Bitcoin (BTC) still ranks first among the most capitalized cryptocurrencies. I take this opportunity to tell you about the virtual currencies considered to be the most profitable investments today. To acquire them, the first steps consist of registering on trading or investment platforms such as eToro, Bitday, Binance, or Coinbase, validating the account and depositing money there. But what is the most reliable way to buy cryptocurrency?
I advise you to use a credit card to obtain cryptocurrencies, because it is the most secure method today for making payments online. Especially since vigilance is required when it comes to investing in cryptoassets, favoring only platforms ranked among the best online brokers. Because you have decided to use your credit card, the process consists of linking your credit card to your account, then making a first minimum deposit, the amount of which varies from one site to another. For example, on eToro, you will place a minimum of 0 in your account. Then, choose the country, the currency and the amount to put in your wallet, indicate your type of card and pay. When the funds are visible in your account, you can search for the cryptocurrency you are interested in, click on “invest” to have assets or trade in CFDs. Anyway, the bank card is to be preferred, because the delivery of cryptos is fast.
To buy cryptocurrency, all platforms accept SEPA/international bank transfer. Of course, you will provide your bank details when registering on the platform. Among the reference sites, SpectroCoin invites you to open a blockchain wallet to facilitate the purchase, sale and exchange of Bitcoins in Euro, US Dollar, Pound Sterling and more than 20 other currencies. Because this is sensitive personal data, the authentication method is personalized (SMS, email, Google), and you are provided with a 2FA key to enter when you access your account to make changes on your personal data or withdraw funds. Among the main advantages of bank transfer in the cryptocurrency universe, you have a higher limit and lower fees.
To buy cryptos, some platforms allow you to use your PayPal account. This is the case of Virwox (Virtual World Exchange) where the virtual currency SLL (Second Life Linden Dollars) of the Second Life game can then be exchanged for Bitcoins. The other possibility is to combine PayPal and Wirex, the company that provides you with virtual and physical Bitcoin debit cards. On Paxfull, it is clearly stated that you can buy Bitcoins there with PayPal and the platform allows you to choose a seller manually or you can wait for one to be offered to you, but at quite high exchange rates.