What is the easiest way to purchase Crypto? As a beginner in the crypto space, investors often wander around youtube and click on every link for whatever youtuber they are subscribed to at that moment. To make entering into the crypto space easier, we will break down what you need to know—such as comparing interfaces, simplicity, pros/cons, fees, etc.—to easily purchase crypto on popular exchanges like Coinbase, Gemini, Voyager, and Crypto.com.
Coinbase is the most popular crypto exchange in the US, which is an easy-to-use crypto exchange on both the desktop and the app. The Coinbase platform provides and easy way to buy or sell various crypto assets, with the option to buy from or withdraw to a linked bank account. In the US, Coinbase is one of the easiest ways to buy crypto because of its simplicity and access; however, the fees add up. Beginner traders tend to use Coinbase and intermediate to advanced traders tend to use its sister application, Coinbase Pro, for better purchasing options and fees, but the fees on both platforms may be higher than other exchanges. Coinbase fees are 0.50% per trade whereas Coinbase Pro has 0% to 0.50% purchase and trading fees.
To get started with a Coinbase account, click here!
The next beginner-friendly crypto exchange on the list is Gemini, which rivals Coinbase’s ease in some ways, but it isn’t quite there yet. Gemini does have a clean trading interface for new and experienced traders, which provides a simple path to get where you need to go. Similar to Coinbase, Gemini is fully regulated and compliant with SEC trading laws, which means you’ll have to give up some personal information in order to create an account and be secured. When it comes to trading fees, Gemini is cheaper than Coinbase, with a 0.350% taker fee and 0.100% maker fee.
To create a Gemini account, click here!
Another easy way to buy crypto is on the Voyager app. It is only a cryptocurrency investing app for iOS and Android as of now, but it is a broker that connects you with more than a dozen cryptocurrency exchanges to trade more than 50 currencies. Essentially, Voyager is a smart trading platform giving you the ability to trade on multiple exchanges simultaneously all in one interface. The biggest con Voyager has is there’s no coin-to-coin trades, such as BTC-ADA or ETH-DOGE. It only allows trades that buy and sell in USD for now. Voyager also asks for personal information in order to create an account and gives you the ability to link a bank account for deposit and withdrawal. Voyagers trading fees vary by trade as they are dealing with multiple other exchanges.
To check out Voyager, follow this link!
Lastly, the beginner-friendly app, crypto.com, has recently grown in popularity and offers a wide range of products like staking and cryptocards, but ultimately providing services to buy and sell cryptocurrency. Crypto.com trading fees depend on your 30 day trading volume with a 0.4% maker fee and taker fee for those with a $25,000 trading account or less. Trading with a bigger account size will save you in trading fees. Additionally, the wide range of products they offer provides opportunities to take advantage of such as buying, selling, spending, storing, earning, loaning, and even paying bills with cryptocurrencies. These wide range of options are the pros of Crypto.com; however, the app has many complaints on the difficulty of buying and selling cryptocurrency during times of volatility.
Get started with Crypto.com by joining here!