How to Buy Bitcoin and Ethereum Worldwide at the Best Possible Rates

Introduction

Today’s generation is driven by technology and this has led to the drastic development of cryptocurrencies worldwide. With many cryptocurrencies popping in and out every now and then very few cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, Tronix and ZCash are making it to the headlines. Bitcoin and Ethereum have hogged the limelight more than any other cryptocurrencies as they stand in the 1st and 2nd position in the crypto ranking for a reason.

What are Bitcoin and Ethereum?

Bitcoin was launched in 2009 by Satoshi Nakamoto and this token grew big to almost reach USD 20000 in 2017. As of today, the BTC price is USD 6686.45. Bitcoin intends to be a replacement for fiat currencies with its decentralised and peer-to-peer transactions safeguarding the anonymity of the users.

Ethereum was developed by Vitalik BUterin in 2014. Ethereum serves as a platform for developing smart contracts and decentralised applications through blockchain. ETH price right now is USD 212.02.

For beginners and experienced investors in cryptocurrencies, here is a look at how you can buy Bitcoin and Ethereum worldwide at the best possible rates.

The basic requirement to buy Bitcoin and Ethereum is to own a cryptocurrency wallet. A crypto wallet is like your bank account to store your coins. But this wallet is opened online in any of the cryptocurrency exchanges. These exchanges are like your typical stock exchange where you can find the prices of different currencies and follow their trend. There are a lot of crypto exchanges in the market. One should be cautious before choosing an exchange by analysing and cross-checking about the credibility and legitimacy of the exchange.

Some of the exchanges with a good reputation are CoinSwitch, Coinbase, Changelly, Bittrex. You can buy your cryptocurrency wallet for an exchange of fiat currencies like Euros, US Dollars, YEN and more for Bitcoin or Ethereum. Select the exchange where you want to open a wallet by considering their background, charges for transactions and mode of payments.

• Register yourself with a username and password to start with. Some exchanges may even ask for an ID proof which is actually good as the exchange blindly does not accept anyone who likes to buy cryptocurrencies.
• The next step would be to send the amount for which you intend to buy Bitcoin or Ethereum.
• Money is usually transferred through standard wire transfer. Wire transfer is using electronic fund transfer from one person to another.
• Credit card or debit card is generally the mode of payments for the fiat currencies you choose to buy like Bitcoin or Ethereum for.
• Commonly many exchanges allow you to buy Bitcoin with credit card.
• Whatever be your choice BTC or ETH for the transferred sum the number of coins either BTC or ETH worth the money will be in your cryptocurrency wallet.
• Once you buy Ethereum in your wallet, then

ETH to BTC exchange or vice-versa can be easily carried out.

• My Ether Wallet and Parity are the most popular wallets for Ethereum. Whereas, for Bitcoin Electrum and Xapo are the popular choices.

Summing Up

The exchanges can be used to compare the prices of cryptocurrencies with thousands of pairing options. BTC to ETH conversion can be seamlessly made in any crypto exchange by simply following few steps. If you follow the above steps you can buy Bitcoin or Ethereum for the best possible rates globally.