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VIDEO: How to buy crypto
Highlights
- Bitcoin, Dogecoin, Ethereum, or other cryptocurrencies operate outside the traditional banking and government systems.
- While you can start with regular cash, you will need to go online to purchase a digital wallet on an online cryptocurrency trading platform.
- Digital exchanges allow crypto transactions to take place, with digital technologies like the blockchain used to secure the movement of funds.
Investing in cryptocurrencies has become vastly popular in the past few years, somewhat like the hot new location to hang out in town.
But investing in cryptocurrencies requires doing your homework as regulation in this sector hasn?t yet caught up to other asset classes such as shares.
Individuals who want to buy cryptocurrencies must do so online using a cryptocurrency exchange, which is like a money exchange shop you find at an airport. But instead of swapping international currencies, you can change your physical money into digital dollars and create a digital wallet.
A digital wallet enables crypto transactions to take place, with digital technologies like the blockchain used to secure the movement of funds.