Topic: Buying Altcoins - A Crypto Beginner Guide (Read 80 times)

I would add that you can buy altcoins on a CEX or a DEX. If you buy on a DEX you need to understand how to use a WEB3 wallet like Metamask normally, or if you use NEAR protocol, you can use a web wallet only with Ref Finance. It's a lot easier than using Metamask and probably safer.

First of all, I see your thread is so effective. You provided a lot of information in one thread, really good. If I may add, when people buy some of the cryptocurrencies in central exchange (CEX), they need to know that there are fees charged by the exchangers (sometimes in deposit, in trading, and withdrawing). People should aware there are some exchanges that use fixed fees and some are using different fees depend on the currencies. DEX might also have it but they probably have a slightly different scheme.

Buying Altcoins is not a big deal anymore! Maybe once it was a complicated and hard process, but now we have many fast and easy ways to buy cryptos. In this post i will  share with you the 3 most common ways to buy Altcoins. But before diving into the details of buying altcoins, let's have a look at what you need to know and what you should  get ready before buying Altcoins.

What you need to know before buying Altcoins

Cryptocurrency Wallet
Crypto wallet is a piece of software/app or hardware that you can use to store and manage cryptocurrencies. I would suggest you should get some basic knowledge about crypto wallets before buying cryptos. You can check our article “ What is cryptocurrency wallet ” to get some basic information about crypto wallets.

Cryptocurrency Exchange

Crypto exchanges provide service for buying and selling cryptocurrencies. I would recommend that you get some knowledge  about crypto exchanges. Different exchanges provide different services like fiat-to-crypto or crypto-to-crypto exchange services. They also have different types of payment methods and different terms and conditions. You should Also check if your desired Altcoin is available in the exchange, because not all the altcoins are listed in every exchange. You can check our article “What is cryptocurrency exchange” to have some ideas about crypto exchanges.

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