Aside from mining, there is a second way to acquire cryptocurrencies, which is to buy them either for fiat currency or for other cryptocurrencies. Whereas mining tends to be cheaper, it also requires technological knowledge and significant processing power; buying is therefore usually more expensive, but it is also faster. For this reason, it is often a more convenient choice for users who are not interested in the mechanics of cryptocurrencies, but who simply need some coins as an investment, to purchase goods and services or, in the case of coins such as Ether, to “fuel” particular software applications.
Coinbase is an online cryptocurrency exchange, which allows users to purchase Bitcoin, Ethereum or Litecoin. The site prides itself on its simplicity; users do not need to download any specific software, but instead fill out an online form with their desired currency, their payment method and their wallet address, upon which the coins are delivered straight into their wallet. The website also offers Apple and Android apps with much the same functionality, and guarantees both free trade (without fees) and top-notch security.
Litebit is a cryptocurrency platform that trades in an extremely wide range of cryptocurrencies; additionally, it also offers users the opportunity to add their own currency to the system. Like many other exchanges, it too offers instant transactions, no fees and advanced security. Additionally, it comes with a few extra tools useful to investors, such as free price alerts, which let the user know when their cryptocurrency of choice can be purchased at the most advantageous price.
AnycoinDirect is an online cryptocurrency exchange offering Bitcoin and other cryptocurrencies through a straightforward buying and selling process. AnycoinDirect strives to offer a streamlined experience both to small and big investors: people who spend less than €100 do not need to go through online verification, whereas those who spend over €1,000 get their transactions approved first. Additionally, AnycoinDirect also offers a very wide range of FAQ articles and guides to assist beginning users.