Friday, March 24, 2023

Where To Buy Cryptocurrency Safely


As a result of the accelerated and, perhaps for some, disproportionate growth of the cryptocurrency market, the main and most recurring question that investors ask is: Where to buy cryptocurrency safely?

Well, the most common way to obtain Bitcoin, Ethereum, Ripple (XRP), Dogecoin, and/or any other type of digital currency is through exchanges. They can also be purchased at the special ATMs that exist for cryptocurrencies or someone can send them directly to your electronic wallet.

Choosing an exchange is a very sensitive issue, as indeed, some of them are not really technologically protected.

Many have a low level of security, which makes them easy targets for hackers, with the consequence that you can lose your coins, without the possibility of recovering them, since they also do not have guaranteed funds to support your investment.

And, others have been created by skilled scammers, who seek to attract novice investors who are looking for where to buy cryptocurrencies, to disappear at some point once they have the Investor’s money.

On the other hand, there are currently a large number of Exchanges or brokerage houses and exchange and storage houses in the crypto active market, which have the trust of a large number of people who have benefited from their services.

They didn’t sustain the trust of the massive traders overnight, but their consistency in providing solutions and making things easy for clients had made them gain the trust of investors around the world.

Exchange Types Or Exchanges

Basically, there are two types;

Centralized Exchange (CEX)
Decentralized Exchange (DEX)

Of course, there are a large number of Exchange platforms that have developed hand in hand with the rise of cryptocurrencies. 

Among them, we find that they are divided or classified into two types or modalities of exchange according to the degree of intermediation or participation of third parties in the transaction and their service proposal. 

So, based on this, we can talk about Centralized Exchange (CEX) and Decentralized Exchange (DEX). And although both types fulfill the same function, they have different characteristics in terms of how to do it.

1. Centralized Exchange (CEX)

Centralized Exchanges work in a similar way to exchange houses. 

They are generally companies that function as intermediaries and are responsible for carrying out the exchange and custody of their clients’ funds, including their own funds. 

Not only that, but they also have a structure made up of a platform and even physical offices in different cities of the world. 

One downside to this type of exchange is that your money is locked away on that platform, out of sight in a joint company account.

2. Decentralized Exchange (DEX)

Unlike the previous one, in this type of Exchange, the transaction operations are carried out directly between the parties interested in the exchange. 

That is to say, without the intermediation of the company or its money. 

Basically, we can define them as websites or web pages where people interested in buying and selling cryptocurrencies make their offers and get in touch directly. 

These platforms use the exchange house only as a guarantor of payment before the funds are released.

Top Exchanges To Buy Cryptocurrencies

If you are thinking of investing in cryptocurrencies and thinking of where to buy cryptocurrency, below are some of the safe and reliable exchanges to acquire them:

1. Binance
2. Kraken
3. Coinbase
4. Cex-10
5. Coinmama
6. Bitpanda
7. Luno
8. Bitflyer

1. Binance

Where To Buy Cryptocurrency - Binance

Binance is a P2P crypto exchange that is active since 2017. Changpeng Zhao is the founder, it has headquarters in Taiwan and Malta in the wake of the Chinese ban.

Currently, it is considered to be the leading cryptocurrency exchange, the largest in the world.

With a platform that allows trading almost 200 types of digital assets, it has the capacity to process 1,400,000 transactions per second, and an average daily trading volume of 2,000,000,000.

Similarly, one of the advantages of Binance is that its platform can be accessed from any type of device.

2. Kraken

Kraken is a cryptocurrency exchange service platform for its registered users.

In addition to allowing the exchange between the different cryptocurrencies, it also allows these crypto assets to be traded with fiduciary currency, that is, traditional money.

It currently operates with a trading portfolio that includes 20 types of cryptocurrencies, including the main digital currencies such as Bitcoin, Ethereum, and Litecoin, among others, and 5 different types of fiduciary currencies such as the USD and the euro.

3. Coinbase

Where To Buy Cryptocurrency - Coinbase

Coinbase Inc. is a platform dedicated to the trading and exchange and storage of cryptocurrencies.

With crypto active purchase-sale operations in up to 32 countries, it allows free exchange transactions between the more than 150 different digital currencies that are listed on its platform, where the main ones such as Bitcoin, Ethereum, and their variations stand out.

It also trades fiat currencies. They additionally offer storage and digital asset management services in 190 countries around the world.

4. Cex – 10

Founded in 2013, Cex-10 has more than 4 million active users registered on its trading platform.

It is recognized as one of the first platforms to facilitate the exchange of cryptocurrencies for fiduciary currencies and vice versa, through financial products such as credit cards and bank transfers to its clients, to make payments.

It currently trades with the main cryptocurrencies on the market and their exchanges between them and for traditional currencies such as USD, EUR, GBP, and RUB.

5. Coinmama

Coinmama is a friendly platform that allows you to exchange fiat money for different types of cryptocurrencies.

The transaction process is also easy to use, the functions are simple, clear, and easy to find.

Even if you are a newbie in the industry, you can easily figure out how to use this platform.

However, users have to pay a high cost in operations. The platform charges the user a fee of up to 5% per transaction.

6. Bitpanda

Bitpanda is a crypto trading exchange platform operator based in Vienna, Austria.

Its digital financial asset buying and selling services have been available since 2014.

It provides a crypto asset trading service to a growing number of clients that already exceeds 2 million users.

Transactions on Bitpanda can be made in a wide variety of cryptocurrencies, depending on your goals and also your strategies.

Be rest assured that Bitpanda is also one of the safe places to check when considering where to buy cryptocurrency.

7. Luno

Where To Buy Cryptocurrency - Luno

Luno is both a wallet and a cryptocurrency exchange.

It offers a space to buy, sell or hold crypto, thanks to a solution that is distinguished by its simplicity and security.

Its headquarters are in London, with regional offices in Singapore and Cape Town.

Currently, more than 6 million users from forty countries trust its services.

Its exchange operations are available only in some countries, including states in Europe, for other countries, only the wallet is available.

8. BitFlyer

BitFlyer is an online broker launched in 2014.

Its founders are Takafumi Komiyama and Yuzo Kano.

The main pillars of the base of the platform are the transparency and also the security of its operations.

Thanks to the rapid growth of its sector.

BitFlyer created a subsidiary in the United States in 2017 and another in Europe in 2018, which allowed expanding the coverage of the platform in terms of investors.

The platform has a friendly, intuitive, fluid, and ergonomic interface.

Where To Buy Cryptocurrency Safely – Summary

With our top 8 list of where to buy cryptocurrency, it is beyond doubt that these are the top places where cryptocurrencies can be bought with ease and peace of mind. Starting from Binance and ending in BitFlyer, be rest assured that you are in good hands.

On the whole, the exchanges listed above have a track record of successful investors, which is one of the reasons why they are the most used and trusted exchanges of 2022.

Finally, feel free to tell about your opinion and views in the comment box below.

Stephen is the Founder and CEO of He has a passion to enlighten the mass about the latest things going on in the world of Tech. Also, He is a Tech lover and is engrossed with the zeal of bringing to people the future tech.


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