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Goodreads is hiring! Exmo Cryptocurrency Exchange. A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options. YoBit Cryptocurrency Exchange. KuCoin Cryptocurrency Exchange. Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Owned by the team behind Huobi. Mercatox Cryptocurrency Exchange. Supporting over coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.

CryptoBridge Cryptocurrency Exchange. Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins. Bleutrade Cryptocurrency Exchange. Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.

Cash Western Union. Buy and sell bitcoin fast through a cash deposit at your local bank branch or credit union, or via a money transfer service. Cryptonit Cryptocurrency Exchange. Advance Cash Wire transfer. Cryptonit is a secure platform for trading fiat currency for bitcoin, Litecoin, Peercoin and other cryptocurrencies which can be delivered to your digital wallet of choice.

Paxful P2P Cryptocurrency Marketplace. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods. Livecoin Cryptocurrency Exchange. Cryptocurrency Payeer Perfect Money Qiwi. Trade at an exchange that has an extensive offering over coins and numerous fiat and altcoin currency pairs. Launching in , Altcoin.

Sign up now for early access. ShapeShift Cryptocurrency Exchange. Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin. A crypto-to-crypto exchange listing over pairings and low trading fees. Poloniex Digital Asset Exchange.

Is it better to buy or trade cryptocurrencies?

Trade various coins through a global crypto to crypto exchange based in the US. A decentralised cryptocurrency exchange where you can trade over ERC20 tokens. Stellarport Exchange. Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies. Bitit Cryptocurrency Marketplace. Cashlib Credit card Debit card Neosurf. Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes. EtherDelta Cryptocurrency Exchange. CoinBene Cryptocurrency Exchange. Load More. Compare up to 4 providers Clear selection.

Buy or Sell? First Name.

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Last Name. What is bitcoin? Step 1. Desktop wallets, such as Electrum and Exodus , can be downloaded to your computer and used to store private keys on your hard drive. Web wallets, such as Blockchain Wallet and GreenAddress , offer convenient online access to your bitcoin. Paper wallets allow you to print out your bitcoin public and private keys and use this piece of paper as your wallet.

Step 2. Choose a bitcoin exchange The next step is to decide how and where you will buy bitcoin. There are hundreds of platforms to choose from, and they can be separated into three main categories: Bitcoin brokers. Brokers offer the quickest and easiest way to buy bitcoin, allowing you to pay for your digital coins using fiat currency like USD. Cryptocurrency trading platforms. This platform, such as Huobi , allow you to buy bitcoin using other cryptocurrencies.

Peer-to-peer P2P bitcoin exchanges. Peer-to-peer exchanges cut out the middleman and allow users to trade directly with one another. Step 3. Buy bitcoin The final step is to submit an order through your chosen platform. There are several ways to buy bitcoin with cash in the US, including the following: Use a peer-to-peer exchange to find a seller who accepts cash. Load a prepaid card with cash and then use it to buy bitcoin on a platform that accepts prepaid cards, such as Bitit or Paxful.

Use a crypto broker that accepts cash deposits, such as Coinbase. Use an exchange that allows you to deposit funds into your account using a money transfer service, such as Western Union or MoneyGram, and pay for your transaction with cash. Cryptex24 is one such platform. The following are some of the available options: Using a peer-to-peer platform like LocalBitcoins to trade directly with a bitcoin seller. Using a bitcoin ATM to anonymously deposit cash, have it converted to BTC and then transferred to your bitcoin wallet. Buying bitcoin on Coinbase Want to buy bitcoin from a cryptocurrency broker using US dollars?

Go to Coinbase's website. When I started my learning stint, though there were lots of blogs and videos online, they were either very superficial or too deep. They were either too specific or too general. The learning path was not clear. After having spent almost an year in learnings I am writing this post so that newcomers like me will find it helpful and know enough to start exploring on their own.

I have made it as a series of questions and answers. They are structured in the learning path I took. Most of the new users also might end up taking the same learning path and hence I felt that this order made sense. Before getting started with article, get a coffee or beer to keep your company. This is going to be a long article. I have addressed all the questions I faced.

If there are a few things that you are familiar with, you can skip those questions and move to the next. You can also use this Table to Contents to skip to questions of your interest. What is cryptocurrency? What is FIAT currency? What is a blockchain? Who invented Bitcoin or who is Satoshi Nakamoto?

What is an altcoin? What is shit-coin?

What is Bitcoin Maximalism? What are different altcoins available? Where can I check the list of all cryptocurrencies? Is this a good time to invest in Bitcoin? Is this a good time to invest in Altcoins? What is an exchange? Can I buy cryptocurrencies with credit card? Cryptocurrencies are banned in India.

So how do I invest? What are the popular crypto to crypto international exchanges? What is a decentralised exchange? Are there any working decentralised exchange? What happens if an exchange gets hacked? Instead of parking my stash on exchanges can I store it with me? What is a wallet? Who creates a wallet for me? What are pubic and private keys? What will happen if I loose my private keys? What is a hot wallet?

What is a cold wallet? What is a paper wallet? What is a hardware wallet? So which wallet should I use?

How To Trade Bitcoin | How Do You Invest In Bitcoin?

With so many exchanges and wallets, how do you keep track of your funds? What is the best portfolio tracker for tracking Bitcoin and cryptocurrencies? What is HODL? What is DYOR? What is FOMO? What is FUD? How do I trade cryptocurrencies? What are the risks involved in trading cryptocurrencies? What kinds of analysis can I do before trading in cryptocurrencies?

What is Fundamental Analysis? What is Technical Analysis? What about fees on exchanges? What is KYC? Should I trade only Bitcoin or can I trade altcoins as well? What is the relationship between price of Bitcoin and Altcoins? What are Satoshis? Where can I do margin trading on Bitcoin? How can I short bitcoin? What is ethereum? What are smart contracts? What is ERC20 token? What is an ICO? How to participate in an ICO? What is an airdrop? It took me more than two complete days to finish this article. So if you find anything useful, clap right away. A digital currency in which code based on cryptography controls the generation of units of currency and verification of transactions for transfer of funds.

The account keeping is done in a distributed manner. Money created by the masses, for the masses and controlled by the masses. Such money has various advantages compared to FIAT currency. That is the whole reason many banks and governments are opposing the adoption of cryptocurrencies. Cryptocurrencies takes the power out of centralised power centers, whether they are governments or central banks. Currencies that are backed by a government are called FIAT currencies. I had never heard of the term FIAT before learning about cryptocurrencies.

FIAT currencies have many disadvantages. They are centralised. These centralised agencies can make the existing money invalid just by a stroke of pen. Recently India carried out a massive demonetisation drive. They can print currency at will, leading to inflation. Inflation is stealing from the poor and gullible without their knowledge. You need agencies like Visa and Master-card to perform exchanges in business outlets. To store your own money you need to pay fees to banks while they make money in interests by lending out your money.

If you want to transfer money across borders you need permissions from governments and pay huge fees to companies like Western Union. You pay your fees in percentages whereas it should have been only fee per transaction. FIAT lacks the characteristics of sound money. Cryptocurrencies fill most of these gaps.

All thanks to blockchains we are able to use this form of money called cryptocurrencies. Blockchain is the technology behind cryptocurrencies. To be fair cryptocurrencies are one of the use-cases of blockchain. Blockchain is an irreversible chain of order , incorruptible and distributed ledger of transactions. Incorruptible ledgers forms the basis of many valuable transactions. They might be in the field finance, record keeping in governments, international diplomacy or any record keeping of importance for that matter.

If you want to know the details of how a blockchain works in layman terms checkout WTF is Blockchain? Bitcoin is the first peer to peer electronic cash. While there are many resources you can read about bitcoin, you should definitely start by reading the bitcoin whitepaper. Bitcoin is the torch bearer for cryptocurrencies. Most of the other cryptocurrencies owe it to bitcoin which proved that it was possible to build a secure, decentralised mechanism for storing and transferring value using internet.

For now just know that double spending is the risk that a digital currency can be spent twice. If the same money can be spent twice the currency will loose its value as it is not secure. Bitcoin addressed this problem and hence opened the flood gates of a completely new world order. Satoshi Nakamoto is the inventor of Bitcoin. But who is Satoshi Nakamoto? This has been a long standing mystery and a very important one as well.

There are many people who believe that Satoshi Nakamoto should get a Nobel prize in Economics and Turing Award can be considered as Nobel prize in the field of computers for the same invention that is Bitcoin. This should highlight the potential of blockchains and cryptocurrencies for you.

All cryptocurrencies other than Bitcoin are called Altcoins. Bitcoin was the first cryptocurrency. There are many other cryptocurrencies like clones of Bitcoin claiming better features , Smart contract systems based cryptocurrencies, cryptocurrencies targeting specific fields and various other silly ones as well.

All these cryptocurrencies are called altcoins Alternate coins. A derogatory term used for a cryptocurrency that is deemed to be useless by an individual or a certain group of individuals.

Bitcoin Beginner A Step By Step Guide To Buying, Selling And Investing In Bitcoins

Bitcoin fan-boys believe that Bitcoin is the one true coin and all other coins are useless. Bitcoin maximalists claim that there are no real world use-cases for other currencies. They believe that all the money, time and resources should be spent on improving Bitcoin as second layer solutions on Bitcoin network can be used for any kind of application. Hence rendering all other altcoins useless.

Currently there are more than altcoins available. Most of these coins are scams and rip offs. But you can find a lot of interesting projects in the top altcoins. These gems have the potential to alter the path of humanity. At their current stage you can compare them to internet giants of pre era. Their real potential is yet to be realised. We might know of their consequences and their value only a couple of decades ahead. I am a part of the team of this website and the website is still a work in progress.

We are working on a set of tools that will increase the awareness about the world of cryptocurrencies. Please ignore any issues. These are just the coins that have passed clearance criteria to be listed on coinmarketcap. There are many other projects which are not listed on exchanges and a few are in stealth mode.

Hence these projects will not be listed here. There are a couple of other alternatives as well. I am long on Bitcoin. In the long term I think Bitcoin has a lot of scope for growth. I think the Bitcoin bandwagon is just getting started and I will use every dip to buy a few more Satoshis.


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Many people whom I respect are bullish on the prospects of Bitcoin. You can checkout bullish predictions by many popular crypto personalities on this blog post. While I am bullish on Bitcoin I would suggest caution while investing in altcoins. Many people feel that altcoins might loose further. So invest with caution and only in best projects that you trust for the long term. Know when to exit. An exchange is a website where you can trade one cryptocurrency for another cryptocurrency. Earlier you could only buy Bitcoin with FIAT and then you had to move your bitcoins to a crypto-crypto exchange to buy other altcoins.

But today there are many websites where you can buy many popular cryptocurrencies with FIAT directly. If you are from US you can checkout Coinbase and Robinhood. Bittrex is also planning to start FIAT support in a phased manner. Listing of altcoins on coinbase is considered a big deal and there are instances of cryptocurrencies rising steeply in price just for the rumours that it is getting listed on Coinbase.

Bitcoin Beginner: A Step By Step Guide To Buying, Selling And Investing In Bitcoins

Using Xcoins. IO is the most hassle free way of buying Bitcoin and ethereum. If not for their high fees I would have suggested CEX. IO to many people. You can also buy crypto using credit card from Changelly. No cryptocurrencies are not banned in India. Investing in cryptocurrencies is not illegal. This should have been clear to you as the government gave the guidelines for filing your income taxes from cryptocurrency trades.

Buying bitcoin and other cryptocurrency in 4 steps

Since the government has not made up its mind regarding how to handle and monitor cryptocurrencies they have asked the banks not to support any companies or exchanges that are dealing with cryptocurrencies. Post the government circular, many Indian companies have come up with innovative peer to peer transaction with the concerned exchange acting as escrow service.

Binance and Kucoin are the two very popular crypto to crypto exchanges. Both these exchanges had tremendous growth in last one year.


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At the peak of the craze, these two exchanges had to close their new signups due to the heavy load which they could not handle.