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How do you invest in crypto market?

  • Thread starter Thread starter Nomad
  • Start date Start date

Nomad

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The crypto exchanges I use do not support bank or cards from my location. Therefore, the only option I have for investing in crypto currency is either through P2P trading or by receiving crypto funds from other people and using the received cryptos to invest in the coins of my choice. I also work for crypto payment and sometimes I use this payment to invest in crypto.
 
My preferred method to invest in the crypto market is in ATMs or Bitcoin exchange stores that in my country there are many, in my city there is one, but I can only buy Bitcoin and Litecoin, another way is P2P exchanges, if I don't have another option I use centralized exchanges.
 
Riberet19 said:
My preferred method to invest in the crypto market is in ATMs or Bitcoin exchange stores that in my country there are many, in my city there is one, but I can only buy Bitcoin and Litecoin, another way is P2P exchanges, if I don't have another option I use centralized exchanges.
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Crypto ATM depends on your geographic demographic geolocation because in some countries this feature is not yet supported so they go to other methods for crypto purchases for example.
 
Monster Masterpiece said:
Crypto ATM depends on your geographic demographic geolocation because in some countries this feature is not yet supported so they go to other methods for crypto purchases for example.
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ATMs are not everywhere, I already know that, it applies to my case, if it does not apply to yours there will surely be more options to buy crypto.
 
Riberet19 said:
My preferred method to invest in the crypto market is in ATMs or Bitcoin exchange stores that in my country there are many, in my city there is one, but I can only buy Bitcoin and Litecoin, another way is P2P exchanges, if I don't have another option I use centralized exchanges.
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So, you can just feed in bank notes into the Bitcoin ATM and then buy Bitcoin? How cool is that. When buying through exchange, how do you use bank deposit options to fund your exchange account?
 
Nomad said:
So, you can just feed in bank notes into the Bitcoin ATM and then buy Bitcoin? How cool is that. When buying through exchange, how do you use bank deposit options to fund your exchange account?
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When I want to buy on a centralized exchange I buy from a neobank, such as Wise for example, I don't know if it will be available in your country, which is a bank that is legally based in a country different than mine, I deposit using the virtual debit card.
 
I use both the Coinbase app (primarily) as well as the Robinhood app (just for one particular currency only)
 
Investing in the crypto market involves researching different cryptocurrencies, choosing a reliable exchange, and securing your investments. For up-to-date currency exchange rates, check out https://rates.fm/, which offers real-time exchange rates and financial news. This site helps you stay informed and make smart investment decisions.
 
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In my country, exchanges support account deposit through various services, but they require a very high commission, so I also buy through p2p. Sometimes I even become a merchant myself in order to buy something at a better price
 
Investing in crypto requires careful research and planning. First, educate yourself on blockchain, crypto types, wallets, and exchanges. Analyze projects, understand risk, and choose a reputable exchange with reasonable fees. Secure your crypto with a suitable wallet (hardware wallets are generally the most secure). Consider dollar-cost averaging and diversification. Monitor your portfolio, stay informed, and adopt a long-term perspective. Remember, crypto is volatile, and you could lose money.
 
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