You should always read through the publicly-available information on the website and read reviews before you commit. Binance is one of the leading cryptocurrency exchanges, globally. Cryptocurrency exchanges are not backed by protections like the Federal Deposit Insurance Corp. (FDIC), and they’re at risk of theft or hacking. You could even lose your investment if you forget or lose the codes to access your account, as millions of dollars of Bitcoin already has been.
There’s always the possibility of making a mistake when you’re undertaking any investment. Here’s our overview of some of the most common mistakes and what you can do to avoid them as you learn how to buy crypto currency. With your research complete, it’s time to make your first crypto purchase.
How Web3 Games Could Onboard 100M New Crypto Users in 2025
Bitcoin is the oldest and best known, having been around since 2009. Crypto coins and other digital assets, such as non-fungible tokens (NFTs) and smart contracts, are stored on a blockchain, which is a decentralized ledger where entries are immutable once added. While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.
Crypto ETFs’ share price varies daily based on investor sales and purchases. Once your account is set up, you can start buying cryptocurrency on the exchange. They allow you to buy and hold your cryptocurrency, or you can exchange it for another cryptocurrency. To learn how to buy cryptocurrency, you’ll first need to know where to buy cryptocurrency.
How to buy cryptocurrency: A step-by-step guide
According to our January 2025 Market Sizing Report, global crypto owners increased by 13% last year, rising to 659 million investors as of December 2024. Meanwhile, the total market capitalization of all cryptocurrencies has risen to $3.9 trillion as of August 2025, reflecting both increased adoption and the expanding utility of digital assets. When you buy from a centralized exchange, your crypto usually stays in a custodial wallet by default. This means the platform technically controls your private keys — and if it goes down, gets hacked, or freezes withdrawals, your funds could be at risk. These are tools and platforms that allow you to buy crypto without completing a Know Your Customer (KYC) process. While they offer more privacy, they’re often better suited for users with at least a basic understanding of wallets, blockchain networks, and transaction security.
Best Hardware Wallets for Crypto Security (2025 Guide)
The convenience comes at a cost, however, as the beginner-friendly options charge substantially more than it would cost to buy the same crypto via each platform’s standard trading interface. To save on costs, you might aim to learn enough to utilize the standard trading platforms before you make your fist crypto purchase—or not long after. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which Finder receives compensation. We may receive compensation from our partners for placement of their products or services.
There are hundreds of cryptocurrencies to choose from, ranging from well-known names like Bitcoin and Ethereum to more obscure cryptos like Theta Fuel or Holo. When you buy cryptocurrency, your coins are stored in a “wallet” on the exchange. This is called custodial storage because the exchange holds the coins for you.
Fees can add up quickly, so it’s important to check out the exchange’s fee structure before you create an account. Some payment methods like bank transfers will have less fees than credit cards for buying cryptocurrency for example. Once your account is verified, the next step is to deposit funds so you can start buying cryptocurrency.
- You’ll need to create a recovery phrase, and you should never share that with anybody, either.
- Yes, cryptocurrency is very volatile compared to traditional investments, and prices can fluctuate quickly.
- $3-$200 in free Bitcoin on your first trade with “spin the wheel” promo.
- There is a huge appetite for cryptocurrency ETFs, which would allow you to invest in many cryptocurrencies at once.
- You should keep in mind that minimum amounts required to invest vary, as well.
Each method has its own trade-offs in terms of speed, fees and transfer limits, so choose the one that best matches how much you want to invest and how soon you want access to your funds. If you’re just getting started, debit card or Apple Pay may be the fastest way to make your first crypto purchase — just be sure to check the fee percentage before you confirm. Choosing the right method depends on your preferences, location, and how quickly you want to start trading. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Cryptocurrency brokers take the complexity out of purchasing crypto, offering easy-to-use interfaces that interact with exchanges for you.
How much money do I need to start?
While the reality remains that many will not succeed, the successes have the potential to generate genuinely significant change. You’ll almost certainly want access to the most traded coins including Bitcoin and Ethereum, but not everyone gives you access to a significant selection. Buying your first cryptocurrency might seem like a big step — but in 2025, it’s more accessible, beginner-friendly, and secure than ever. Some P2P exchanges, crypto ATMs, and DEXs allow you to buy or swap crypto without KYC — though these methods typically require more knowledge and come with higher risk.
- Please note that the availability of the products and services on the Crypto.com App is subject to jurisdictional limitations.
- In 2025, understanding what is DeFi—short for decentralized finance—is essential for anyone stepping into the crypto space.
- Once installed and backed up properly (never forget the seed phrase), your wallet becomes your passport to decentralized finance.
- Their main operation hub is in Slovenia, but the company is actually located in Estonia.
- You’ll have lots of choices, so it’s important to do some research.
What Is an ICO, IDO, and IEO? A Simple Guide to Crypto Fundraising
The specific process varies from exchange to exchange, so we suggest reading blog posts or watching a video to make sure you know what to expect when you buy cryptocurrency. Bitcoin was the world’s first cryptocurrency and is still one of the most popular. Other coins that have proven themselves include Ethereum, Solana, Cardano, and Dogecoin. You may also want to consider some stable coins, whose value is meant to track the value of fiat currencies such as the US dollar.
Head to Ogvio & join the Waitlist now – grab your spot for the early-bird rewards! Be among the first to experience the future of money transfers, and earn surprise bonuses for getting in early. For the past seven years, Kat has been helping people make the best financial decisions for their unique situations, whether they’re looking for the right insurance policies or trying to pay down debt.
The information you provide will be compared against official databases to confirm that you’re not a sanctioned individual or Politically Exposed Person (PEP). The good news is that there are plenty of things you can do to protect yourself and your crypto holdings, and we’ll get into those toward the end of this guide. Then you might want to think about using a P2P website, like LocalBitcoins or LocalEthereum. Additionally, note that Kriptomat supports 22 languages and provides fast and reliable customer support.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. Each year, there are more and more options for purchasing cryptocurrencies — it surely is a lot easier to buy cryptocurrency now than it used to be. In fact, most of the ways I have shown you in this guide are very simple if you follow our instructions. Bybit is not only a regular crypto trading platform but also one of the biggest derivates exchanges.
How to Buy Crypto Without KYC in 2025 (Full Guide)
Using a DEX gives you sovereignty over your crypto — no middlemen, no approvals, no limitations. But it also means there’s no customer support to call if something goes wrong. If you want full control over your crypto from the very beginning, using a decentralized exchange (DEX) might be your path. Bitcoin (BTC) and Ethereum (ETH) are great starting points, but some people prefer stablecoins like USDT or USDC for lower volatility. To comply with regulations, most platforms will ask you to upload a government-issued ID and a selfie. You’ll need to provide your email, create a secure password, and confirm your email address.
This means that, once you have bought your crypto, stock position calculator you can trade it for other cryptos by buying and selling it to other people on CEX.IO. You can also use it to earn additional income through staking or lending. ETFs are extremely popular investment tools that let you buy exposure to hundreds of individual investments in one fell swoop. This means they provide immediate diversification and are less risky than investing in individual investments. You may not be able to buy or sell cryptocurrency until you complete the verification process. The platform may ask you to submit a copy of your driver’s license or passport, and you may even be asked to upload a selfie to prove your appearance matches the documents you submit.
This crypto exchange might not be the best for total beginners, though, as it isn’t as easy to use as Coinbase or Coinmama. Also, it charges pretty high fees for making instant purchases – a 4% fee + any additional fees charged by your card issuer. This is surely higher than the fees charged by other exchanges like Binance or Bybit. Once there is money in your account, you’re ready to place your first cryptocurrency order.