Hi!
Where to buy cryptocurrencies is a common question these days. I know that Revolut could be a very simple and handy solution. But read this first.
This article is not financial advice. I'd rather get some advice from the ones that are reading this so I can improve on my investments.
So, if you know better ways, please guide me. I'll just write about what worked for me up to this point.
(I came back because Aly is stressed and she wants to take our girl out. There... I still have time for another article until they will be back.)
Don't get me wrong, I'm an old Revolut user and I still use it today. I think it's a good financial service, with many options and a super cool application. Revolut is about money management.
In fact, Revolut does a little of everything and that's why it can't be good at everything. Many people ask me if it is okay to invest a weekly, monthly amount, etc. in crypto by Revolut.
My answer is yes and not too much. Why? Because on Revolut you only invest in crypto, but you don't have those cryptocurrencies in a wallet of yours that belongs only to you. In the sense that you cannot transfer purchased crypto to another wallet.
Then it's about taxes. If you buy with the idea of keeping cryptocurrencies for a long time, let's say it can be a variant. But if you want quick gains, you should know that Revolut has big crypto commissions.
Where to buy cryptocurrencies in 2021?
There are many options to buy crypto. Compared to 2017, it is much easier to buy crypto now. You can use the bank card directly, the banks are more permissive and things are much better.
However, I do not recommend buying crypto if you know nothing about it. Ok, we all have to start somewhere, especially if we are smart and curious. But the risks are great.
Investing in crypto involves high risks because it is a very volatile market. Even though many may be angry with me for this statement, sometimes in order to be successful and profitable you have to be lucky and move fast. At other times, you have to play strategically.
Like if you've heard of a coin or a good tip and you're thinking about a week before you invest in it or not, the opportunity may run out. Sometimes an opportunity disappears in a few days or in a few hours.
And when it comes to money, invest only what you can afford to lose. Imagine that cash and a burning fireplace. If you allow yourself to throw them into the flames without feeling sorry for them, then you are ready.
Binance.
It is a secure, long-standing, experienced, traditional cryptocurrency buying service that offers more security than other crypto trading services. That's where you have the virtual coins.
There you can buy cryptocurrencies by paying with your VISA card and MasterCard.
The commissions are very small. You can trade even on small variations, without losing profits in commissions.
Binance is from my point of view the main crypto trading platform. From my point of view, anyone who wants to deal with crypto must have a Binance account.
But again, I might be wrong because I am talking only about what I have been using so far. Please guide me if you know a better service.
Also, if you have a Binance VISA crypto card or a VISA crypto card from Crypto.com, I definitely recommend the Curve application.
Where do I buy crypto in the easiest way with the card - Crypto.com App
It has the lowest commissions and fair prices for crypto, it has an integrated crypto wallet where you have the coins and it also has trading.
Basically, it is the only crypto purchase application you would need, but I recommend you to make an account on other platforms because you don't want to put all your eggs in one basket.
The biggest advantage in having crypto on the Crypto.com App
The biggest advantage of using Crypto.com App in buying cryptocurrencies is neither the fact that you buy what you own and it's yours, nor the fact that you have an excellent exchange rate, nor the fact that you have a mobile application.
Not even the fact that you can buy crypto with the card quickly and easily without bothering with transfers from exchanges to exchanges. The biggest advantage is the VISA crypto card from Crypto.com
Why is the Crypto.com crypto card so great?
When you buy crypto or when you trade crypto you usually aim to make a profit. That profit translates into fiat currency.
In order to get the money out of crypto, you must first trade on a platform that allows you to do so. When you do, commissions appear. If you won on Bitcoin, it costs you to move it to another Bitcoin account.
To change it from Bitcoin to Euro or USD, it costs. To transfer it from the USD or Euro account from the platform to your account, you guessed it, and it costs again. If you use the Crypto.com card you can use it directly for payments, without other fees.
You no longer have to walk the money through a bunch of platforms and accounts and leave a commission (which is not small at all, especially at large sums) to each platform and leave a lot of money on the table.
I ordered my Ruby Steel card because I bought 5,000 CROs, but I think the blue card is free if you don't necessarily want Steel. Okay, the smarter the card, the higher the cashback.
Because you have serious cashback on purchases made with the crypto card from Crypto.com. From 1% to 2%, 3%, 5% or even 8% depending on the card. Plus very high-interest rates on flexible deposits.
VISA cryptocurrency card from Binance
Binance also has a crypto card. At the moment, their offer looks better than the one from Crypto.com App. I personally ordered my crypto card from both the Crypto.com App and Binance.
Where to buy SWINGBY - BitMax
I was not too interested in what SWINGBY is, but I received a tip from a friend who never made mistakes with the crypto recommendations and I did not want to miss this train.
I had a few hundred USDT in my Binance account, so I created an account on BitMax (which I recommend to you, to have it active there, even if you won't buy SWINGBY) and I invested in SWINGBY .
I bought SWINGBY when it was under $ 1 and already one day I made a profit. I'm not saying do the same and I will never recommend you to invest in something you don't understand - as I did :)).
But I said that if you still hit this article you want to find out where you can buy SWINGBY safely, you can do it directly from BitMax.
BitMax is a crypto trading platform similar to Binance where you can buy SWINGBY, but also other types of cryptocurrencies such as Bitcoin, Ethereum or the main altcoins.
The platform where you can buy SWINGBY, respectively BitMax, is a traditional crypto trading platform, it also has a mobile application and allows the purchase of crypto with the card. Simple and fast.
The safest Bitcoin wallet
The safest Bitcoin wallet, the safest cryptocurrency wallet is for me without a doubt a cold wallet or what we call in free translation cold crypto wallet.
I personally have a cold wallet for Bitcoin-type Ledger Nano S.
A cold wallet for crypto (cold wallet) is the most secure wallet for Bitcoin for the simple fact that no hacker can access your cryptocurrencies through the internet.
That's why it's called a cold wallet because it's not connected to anything. Not connected to anything (looks like a USB stick), it cannot be accessed remotely. It is therefore the safest crypto wallet ever.
What if you lose this kind of Bitcoin wallet?
Good question.
Nothing.
You have a unique secret recovery phrase associated with each Bitcoin wallet and if you lose it, someone steals it from you, etc., you buy another one and recover everything.
Thank you for reading.
It's time to stop and prepare lunch.
If you have any advice for me or for others, please comment down below and let us know the safest ways to keep our crypto.
