Please show me the easiest way to buy cryptos - Crypto Newbie

AAW

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Hey guys
I have put this thing off for like forever. But it seems that, on this forum, this is the preferred method of payments!
I have no idea what the heck are the crypto (go figure!), how do you start buying them and having them in a wallet as a way for payment, but with cheapest fees?

Thanks in advance
 

QreNZi

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If you are willing to trade go Binance.
If you are willing for personal use, Create a Bitcoin Wallet on blockchain, or just google " Bitcoin Wallet ", and then go and buy some crypto from localbitcoin or CoinBase or CoinMama
 
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Word Wizard

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Get a Binance account if you're outside of the US. If you're in the US, get a Coinbase account.
 
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Sardi

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Just go and open a Binance , a coinbase ,or a kraken account
I personally use poloniex , doesn't require kyc
 
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lilRichez

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Your current location is the first thing to consider. Therefore when you make your location known it would be easier to find a good option for buying Cryptocurrency in your location.

In terms of fees, basically it depends on the Blockchain network. But generally exchanges charge way higger for transactions than normal wallets.

Exchanges are; Binance, Coinbase etc.
Wallets are; Blockchain Wallet, Trustwallet, Exodus etc
 

Raj Kesu

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Easiest or not easiest way to buy crypto, depends on which country you are in. A particular way to easily buy crypto in country A, may also be the most difficult way to buy crypto in country B.
Well, storing the crypto you buy, is another thing, (which I'm not referring to in this reply).
 
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bhcg101

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@AAW Not sure that you want to start out with trading. Crypto isn't something you just jump into without having some sort of knowledge so the first place I would start is with Youtube university.

You need to understand the basics of crypto starting with Bitcoin.
It helps to understand what the blockchain is.
You need to understand what fiat currency is.
You'll need to understand what the wallets are the different types (hot, cold etc.) and the uses behind them.
You need to understand what exchanges are.
You should look for information on stable coins, altcoins etc.

If you're just starting out, assuming you're in the US... coinbase and crypto.com are the easiest for newbies.
Binance takes forever to get approved.
Very few people get lucky and get approved within days. It took me 3.5 weeks but the increased timeframe for approval has a lot to do with crypto becoming more popular and seeing heightened interest and awareness of the market.
Note: Location matters: I've heard NY and crypto don't get along. If you're in the US and you're after Binance, you'll only be able to use Binance.us.

I mentioned Coinbase and Crypto.com because you can purchase crypto with fiat and it doesn't require a bunch of swapping out coins to get a certain coin. It's just less confusing for people that are new to the game.

Trading, on the other hand is very time consuming and it requires watching the charts and if you don't know a thing about candlesticks then I'd leave it alone.

If you want to purchase crypto, I'd start with coins in the top 20.
As a newbie, I'd stay away from altcoins just because there are a bunch of scams and rugpulls and if you're not familiar with how to read smartcontracts or assess a coin to lessen the likelihood of losses due to rugpulls, honeypots or scams then again it's just a bad idea to start out in that arena.

Get familiar with crypto and then try out the alts.
Note: not providing financial advice. Just giving you a bit of direction on how to educate yourself.
 

AAW

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@AAW Not sure that you want to start out with trading. Crypto isn't something you just jump into without having some sort of knowledge so the first place I would start is with Youtube university.

You need to understand the basics of crypto starting with Bitcoin.
It helps to understand what the blockchain is.
You need to understand what fiat currency is.
You'll need to understand what the wallets are the different types (hot, cold etc.) and the uses behind them.
You need to understand what exchanges are.
You should look for information on stable coins, altcoins etc.

If you're just starting out, assuming you're in the US... coinbase and crypto.com are the easiest for newbies.
Binance takes forever to get approved.
Very few people get lucky and get approved within days. It took me 3.5 weeks but the increased timeframe for approval has a lot to do with crypto becoming more popular and seeing heightened interest and awareness of the market.
Note: Location matters: I've heard NY and crypto don't get along. If you're in the US and you're after Binance, you'll only be able to use Binance.us.

I mentioned Coinbase and Crypto.com because you can purchase crypto with fiat and it doesn't require a bunch of swapping out coins to get a certain coin. It's just less confusing for people that are new to the game.

Trading, on the other hand is very time consuming and it requires watching the charts and if you don't know a thing about candlesticks then I'd leave it alone.

If you want to purchase crypto, I'd start with coins in the top 20.
As a newbie, I'd stay away from altcoins just because there are a bunch of scams and rugpulls and if you're not familiar with how to read smartcontracts or assess a coin to lessen the likelihood of losses due to rugpulls, honeypots or scams then again it's just a bad idea to start out in that arena.

Get familiar with crypto and then try out the alts.
Note: not providing financial advice. Just giving you a bit of direction on how to educate yourself.
Very detailed reply. Thank you so much!
 

bhcg101

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Very detailed reply. Thank you so much!
You're welcome. Lots of noise out there so hopefully the information provided will help you to cut through some of it. Best of luck to you on your journey. You'll win some and you'll lose some when it comes to the coins you may choose to invest in but don't get discouraged. It's all part of the learning process.
 
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It depends upon country to country. What country are you from? You can buy easily through websites, but they required your kyc? Are you willing to buy anonymously or looking to buy using your identity?

if so, we can suggest.
 
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AAW

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It depends upon country to country. What country are you from? You can buy easily through websites, but they required your kyc? Are you willing to buy anonymously or looking to buy using your identity?

if so, we can suggest.
I’m in the US.
Can you possibly show us the two ways: anonymously and using identity.
 

Nikolaos

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Easiest depends on your country. Binance is the way to go outside of US. Coinbase for inside.
 
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alurosu

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anonymously
You should create a wallet and go to a BTC ATM
I’m in the US.
Can you possibly show us the two ways: anonymously and using identity.
Solution:
 
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