Buying cryptocurrency through a wallet

 Almost every crypto wallet has an exchange function. If the wallet is multi-currency, then you can easily exchange fiat money inside it not only for bitcoins, but also for any other cryptocurrency supported by it. To do this, you only need to enter the currency to be exchanged (euros, dollars, rubles), the payment method (bank card or e-wallet) and the transaction amount in the "Exchange"section. The cryptocurrency will appear on the account in just a few seconds.

The advantages of such a purchase are as follows:

*simple and intuitive interface;

*high reliability of monetary transactions;

* fast completion of transactions; 

integration with almost all known payment systems.

*not always a favorable exchange rate; 

*a significant amount of commission when exchanging currency.

But for a beginner, this is the most convenient way to purchase the first cryptocurrency.

Buying cryptocurrency on the stock exchange

Due to the fact that the popularity of cryptocurrency is growing every year, the number of exchanges specializing in its purchase and sale is also growing. The scheme of work on all these exchanges is approximately the same and consists of the following stages:

1. Registration on the site. 

2. Create an account and deposit a certain amount to it. Money can be invested through the terminal, transferred from an electronic wallet or bank card.

4. Select the desired cryptocurrency and specify its amount. 

5. Sending an order request. 

6. Waiting for a confirmation of the transaction.

In case of successful completion of the transaction, the money is immediately transferred to the exchange account. There is another way, it is more time-consuming, but it makes it possible to buy currency at a more favorable rate. It consists in the fact that instead of immediately buying coins at the proposed exchange rate, you need to choose the appropriate offer during the bidding process.

By selecting the appropriate option, you can only submit your application and ... wait. Trading on the exchange is arranged in such a way that orders with the exchange rate offered by the exchange are executed instantly, and the rest fall into the glass of quotations and will be executed only when the price reaches the selected value. This method makes it possible not only to buy currency, but also to earn it.

The largest crypto exchange- Binance

The advantages of buying on the exchange are as follows:

it is possible to choose the most favorable exchange rate; 

integration with various payment systems; 

the ability to buy and sell various cryptocurrencies; 

the ability to earn on currency fluctuations.

There are also negative aspects of this method, which are manifested in the presence of not only exchange commissions, but sometimes hidden payments. In addition, waiting for the order to be executed can be a long time.