{"id":44,"date":"2022-03-25T10:47:40","date_gmt":"2022-03-25T10:47:40","guid":{"rendered":"https:\/\/compoundingstacks.com\/?p=44"},"modified":"2022-04-04T14:40:05","modified_gmt":"2022-04-04T14:40:05","slug":"where-can-i-buy-cryptocurrency-stock","status":"publish","type":"post","link":"https:\/\/compoundingstacks.com\/where-can-i-buy-cryptocurrency-stock\/","title":{"rendered":"Where Can I Buy Cryptocurrency Stock?"},"content":{"rendered":"\n
So you’ve got some money, and you want to invest it in cryptocurrency. Maybe you’ve heard good things or seen good things, and you know it’s a worthwhile risk should it pay off. <\/p>\n\n\n\n
But the thing with cryptocurrency is that it\u2019s all digital. It\u2019s not like you can just go out and buy it. <\/p>\n\n\n\n
And how do you store it? You can\u2019t put it in your actual wallet. Cryptocurrency has to be stored specially and bought from a specific place. Luckily, we can tell you how and where. <\/p>\n\n\n\n
Crypto is a form of digital currency used exclusively online. There are many cryptocurrencies, but here are some of them: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and others. <\/p>\n\n\n\n
What makes it different from normal currency, other than it being digital, is that it is secured via cryptography. This is a fancy way of saying that it\u2019s so secure that it can\u2019t be counterfeited or double-spent. <\/p>\n\n\n\n
Some would argue that cryptocurrency is the future of money and investing. They will be used by a lot of people as a medium to get paid for their work or sell services that other people need. <\/p>\n\n\n\n
The most attractive thing about cryptocurrency is that it doesn\u2019t require a bank.<\/p>\n\n\n\n
This means that when you\u2019re using cryptocurrency for foreign exchanges, you don\u2019t have to worry about ever-fluctuating exchange rates. Cryptocurrencies, therefore, transcend borders. <\/p>\n\n\n\n
They also tend to travel a lot faster than centralized currencies.<\/p>\n\n\n\n
It\u2019s all very well knowing what cryptocurrency is and why you should invest in it, but the question remains, how? <\/p>\n\n\n\n
Buying cryptocurrency is not like buying anything else. How and where can you buy something that technically doesn\u2019t exist in tangible form. Easy. <\/p>\n\n\n\n
Entire cryptocurrency exchanges exist. These companies are exclusively dedicated to the sale and storage of cryptocurrencies. <\/p>\n\n\n\n
On these exchanges, just like with currency trading, the price of bitcoin is affected by its market value. <\/p>\n\n\n\n
This goes up and down every day, if not hourly. And it can be by a little, or even by a lot. Let\u2019s not forget Bitcoin\u2019s legendary 3000% increase.<\/p>\n\n\n\n
Coinbase is one of the most widely used cryptocurrency exchanges today. If you have some basic knowledge about cryptocurrencies, you’ve likely heard of Coinbase before. <\/p>\n\n\n\n
The company offers an easy way for beginners to buy bitcoin, Ethereum, or Litecoin with a bank transfer. <\/p>\n\n\n\n
For those who are comfortable purchasing via debit card or credit card, Coinbase also provides additional payment options, including wire transfers and gift cards from popular stores such as Amazon.<\/p>\n\n\n\n
The great thing about Coinbase, and some other cryptocurrency vendors, is that they provide you with a digital wallet to store your cryptocurrency in. <\/p>\n\n\n\n