How to Invest in Cryptocurrency safely
The first thing to remember is investing in a cryptocurrency is different than investing in a regular stock.
When you invest in a company, you’re buying shares of the company you invested. This means that you own a percentage of that company.
Investing in Bitcoin, Ethereum or any other coin, you receive digital tokens only.
Bitcoin gives you decentralized currency which is partially anonymous.
Ethereum gets you a piece of the power that runs decentralized apps and smart contracts.
You can trade cryptocurrencies on dedicated exchanges like GDAX, Kraken, Bitfinex, and Gemini generally offer good volume to trade cryptocurrencies via bank transfers or credit cards.
Coinbase is an option too. Lately growing in popularity. It’s easy to use with a built-in wallet. But the trade-off comes with comparatively higher fees.
Poloniex offers more than 80 cryptocurrencies for trading, however, you can only use Bitcoins or other cryptocurrencies to fund these trades.
If you want to buy coins directly the CEX.IO is the popular choice.
After funds are successfully credited to your account, you can easily buy Bitcoins right away. Bitcoins then can be kept on your balance in a safe cryptocurrency cold storage, traded, or withdrawn to personal wallets at any moment.