Investing in cryptocurrencies can seem daunting if you're unfamiliar with the process. Even experienced investors must navigate new technologies, unfamiliar terms, and previously unknown companies when entering the crypto market. Fortunately, learning the ropes is straightforward. This guide will walk you through how to buy cryptocurrencies safely and efficiently.
Before You Invest: Key Considerations
Important Disclaimer:
Cryptocurrencies are highly volatile and speculative investments. Altcoins (e.g., BNB, NEAR, SOL, SUI) amplify this volatility and risk. Only invest what you can afford to lose. The information provided here is for educational purposes only. We do not offer brokerage or advisory services, nor do we recommend specific cryptocurrencies to buy or sell.
Beginner’s Guide to Buying Cryptocurrency
This step-by-step guide applies to purchasing Bitcoin, Ethereum, Dogecoin, Shiba Inu, Solana, and other altcoins.
1. Choose Where to Buy Cryptocurrencies
Currently, cryptocurrencies cannot be purchased directly through traditional banks. Instead, use:
- Online Brokers: Platforms like eToro allow trading cryptocurrencies alongside stocks, ETFs, and commodities. They offer intuitive interfaces and competitive fees.
- Crypto Exchanges: Dedicated platforms (e.g., Binance) provide a wider selection of digital assets and advanced features like staking but may lack traditional investment options.
Selection Criteria:
- Available cryptocurrencies
- Security measures (e.g., PSAN registration with the AMF in France)
- Fees, educational tools, and customer support
👉 Explore top-rated crypto platforms
2. Create and Verify Your Account
To register:
- Complete the sign-up form (email, password, and username).
- Verify your identity via KYC (Know Your Customer) by submitting a valid ID and proof of address. Approval is typically instant or within 24 hours.
3. Select a Payment Method
Most platforms accept fiat currencies (EUR/USD) for crypto purchases. Alternatives include:
- Trading existing crypto holdings (e.g., BTC for ETH).
- Using stablecoins like USDT.
4. Fund Your Account
Deposit options vary by platform:
- Fast methods: Credit/debit cards, PayPal (processed in minutes).
- Low-fee options: Bank transfers (3–7 business days).
Minimum deposits range from $100 (cards) to $500 (bank transfers).
5. Buy Your Chosen Cryptocurrency
On eToro:
- Search for the crypto (e.g., "Bitcoin" or "BTC").
- Click "Invest" for instant market-price purchases or "Order" for limit orders.
- Enter the investment amount or token quantity.
- Confirm the transaction.
For Traders:
- Use Stop Loss/Take Profit to automate risk management.
- Leverage multiplies gains/losses—trade cautiously.
👉 Start trading cryptocurrencies today
6. Store Your Cryptocurrency Securely
Options:
- Platform wallets: Convenient for beginners.
- External wallets: Enhanced security (e.g., hardware wallets like Ledger).
For details, see our crypto storage guide.
Buying Crypto with PayPal: What to Know
PayPal currently restricts crypto purchases for French users (available only in the U.S.). However, platforms like eToro allow deposits via PayPal.
Process:
- Fund your eToro account via PayPal (no deposit fees).
- Purchase crypto with a 1% transaction fee.
Is Cryptocurrency a Good Investment?
Pros:
- 24/7 market access.
- High volatility = potential for significant gains.
Cons:
- Speculative nature risks rapid losses.
- Cybersecurity threats.
Tips:
- Focus on established coins (BTC, ETH, SOL) for stability.
- Research project fundamentals (roadmap, tokenomics, market cap).
FAQ
What’s the Best Platform to Buy Crypto?
Top Picks:
- eToro: 80+ cryptos, low fees, regulated.
- Bitpanda/Trade Republic: User-friendly.
- Binance: 800+ assets (advanced interface).
Which Cryptocurrency Should I Buy in 2025?
Depends on risk tolerance:
- Low risk: Bitcoin, Ethereum.
- High risk: Emerging altcoins (research projects thoroughly).
Can I Buy Crypto with a Credit Card?
Yes, but fees are higher than bank transfers. Recommended platforms: eToro, Bitpanda.
Where Can I Trade Cryptos?
eToro offers leveraged trading, stop-loss/take-profit tools, and copy-trading functionality.
For further questions, consult our detailed crypto investment guide.