Do you know how to buy cryptocurrency with low fees safely? If you're interested in digital currencies like Bitcoin, Ethereum, and XRP – you now have thousands of individual tokens to choose from.
People all over the world are looking into buying cryptocurrency in 2022. The focus has shifted in countries where there's a lot of trading and buying or selling volume. People are not only looking at how to buy Bitcoin in the UK anymore for example.
Best of all, there are a handful of online brokers that allow you to invest without paying any commission – and minimum purchase requirements have been dropped to just a few dollars. In this guide, you will learn how to buy cryptocurrencies from a regulated online broker in less than five minutes.
If you're looking to complete your digital asset investment right now – follow the steps below to learn how to buy cryptocurrencies via the fully regulated broker eToro.
Step 1: Open an Account with eToro – To get the process started, visit eToro and open an account. Enter your personal information and choose a suitable username and password.
Step 2: Deposit Money – Deposit at least $50. USD deposits are fee-free and you can choose from ACH, online banking, debit/credit cards, and more.
Step 3: Search for Cryptocurrencies – In the search box at the top of the screen, enter the name of the cryptocurrency you want to buy. Then, click on the 'Trade' button.
Step 4: Buy Cryptocurrencies – Finally, enter your preferred investment amount ($10 minimum) and click on the 'Open Trade' button to place your order.
If you need a more detailed guide on how to buy cryptocurrencies online – we offer a comprehensive tutorial later.
There are hundreds of exchanges and brokers that allow you to buy cryptocurrency with ease. You should, however, ensure that your chosen provider is regulated and that it offers competitive trading fees.
The best places to buy cryptocurrency can be found in the sections below.
eToro is a regulated online broker that offers thousands of markets. This includes stocks, ETFs, forex, commodities, and dozens of cryptocurrencies. Some of the digital assets available at this broker include Bitcoin, Ethereum, Dogecoin, Shiba Inu, and Litecoin. You can also buy DeFi tokens such as Uniswap, AAVE, and Decentraland.
Regardless of the digital asset that interests you, eToro allows you to buy cryptocurrency on a spread-only basis. Plus, you need to meet a minimum purchase of just $10 – irrespective of the price of the token. What we also like about eToro is that you can deposit funds in US dollars on a fee-free basis. This is even the case with debit/credit cards and e-wallets.
If you are interested in buying cryptocurrencies but are not quite sure which tokens to focus on, consider the eToro CryptoPortfolio. This is a professionally managed portfolio that gives you access to a diversified basket of digital currencies. And, eToro will rebalance the portfolio on your behalf to ensure it mirrors the broader markets.
Buy Cryptocurrencies on eToro
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Webull is primarily an online broker that specializes in US-listed stocks, ETFs, and options. You can, however, also use this platform to buy cryptocurrencies. Some of the digital assets available at Webull include Bitcoin, Chainlink, Ethereum Classic, Dash, Stellar, and Basic Attention Token.
Have you ever wondered how to buy cryptocurrencies on Webull? In terms of fees, Webull allows you to buy and sell cryptocurrencies at 0% commission. You will need to cover the spread, which typically averages 1% per slide. There is no minimum deposit requirement at this broker – and supported payment types include ACH and bank wires. You can buy cryptocurrencies here for just $1 per trade.
Buy Cryptocurrencies on Webull
Your capital is at risk.
Coinbase is often the first port of call for beginners looking to buy cryptocurrencies for the very first time. This top-rated broker is ideal for newbies with little experience – as the Coinbase website will guide you through the purchase process step-by-step. You can deposit funds via ACH or bank wire, but this will take several days to arrive.
As such, if you're interested in how to buy cryptocurrencies on Coinbase instantly, it might be best to use Visa or MasterCard. Coinbase charges a huge 3.99% commission for this purpose, which is very expensive. Non-debit/credit card transactions attract a standard commission of 1.49% per slide. Coinbase is regulated and implements institutional-grade security protocols. For more information on this top crypto exchange, read our in-depth Coinbase review here.
Buy Cryptocurrencies on Coinbase
You should be aware that the risk of loss in trading or holding Digital Currencies can be substantial.
To learn how to buy cryptocurrencies via SEC-regulated broker eToro at a minimum of just $10 – follow the simple 5-step walkthrough below.
Get started by opening an eToro account. You can do this by entering your personal information and specifying your email address and cell phone number.
Buy Cryptocurrencies on eToro with Low Fees
Your capital is at risk.
You also need to choose a username and password.
Upload a copy of your government-issued ID and a recent utility bill so that eToro can verify your identity and address. This is known as the KYC process, and all regulated brokers and crypto exchanges are obliged to comply with these regulations.
Deposit no less than $50 by using a debit/credit card, ACH, bank wire, or e-wallet. No fees apply if you deposit funds in USD.
Enter the name of the cryptocurrency you want to buy via the search box.
In our example above, we are looking to buy XRP.
Finally, enter your stake into the 'Amount' box ($10 minimum) and click on 'Open Trade to complete your cryptocurrencies investment.
Buy Cryptocurrencies on eToro
When learning how to buy cryptocurrency, you will notice that there are several ways to complete your investment.
The best ways of buying cryptocurrencies online are discussed in more detail below.
If you're wondering how to buy cryptocurrencies with a credit card, eToro and Coinbase will be your best option. However, while eToro supports USD-backed credit/debit card deposits fee-free, Coinbase will charge you 3.99%.
This is also one of the most searched methods of how to buy cryptocurrency in the UK.
Nevertheless, this option is best suited for those that wish to buy cryptocurrencies instantly and in a secure manner. Just be sure to check what fees apply when using this payment method before signing up with a cryptocurrency broker. Some of the exchanges and brokers even offer the best Crypto wallet available in the market to their users.
Another way to buy cryptocurrencies in a safe and fast manner is to use Paypal. The only regulated and low-cost broker that we came across that supports Paypal deposits and withdrawals is eToro.
You will only need to meet a minimum deposit of $50 and your payment will be executed instantly. Just make sure you select an instant funding source via your Paypal account when prompted.
A select number of online brokers also allow you to buy cryptocurrencies with alternative e-wallets like Neteller or Skrill. Both of these payment methods are processed instantly at eToro and the minimum deposit stands at just $50.
Buy Cryptocurrencies on eToro
Your capital is at risk.
At the time of writing, there are more than 16,000 digital currencies that can be bought and sold online. Naturally, this raises the question of what cryptocurrencies to buy now to make the most profits.
If you're looking for a bit of inspiration – consider the cryptocurrencies listed below:
Bitcoin: The world's first and still de-facto digital asset of choice, this is arguably the best cryptocurrency to buy for beginners. Over the prior five years, Bitcoin is up over 5,000%. As such, most crypto-hungry traders are looking to buy Bitcoin right now.
Ethereum: To add diversity to your portfolio, Ethereum is another cryptocurrency to consider. This project specializes in smart contract technology and is the world's second-largest cryptocurrency in terms of market capitalization.
Binance Coin: This cryptocurrency is backed by the largest cryptocurrency exchange globally – Binance. The digital asset has grown exponentially over the prior year or so, not least because it is the primary token used on the Binance Smart Chain.
Pancakeswap: This decentralized exchange is now the go-to place for newly launched digital tokens. Pancakeswap has increased in value by almost 10,000% in the last 12 months alone.
XRP: This digital token fuels the Ripple network – which provides banks and financial institutions with cross-border payment technology. As more and more providers use the Ripple network, this can only benefit XRP in the long run.
Always do your research when deciding on the best cryptocurrencies to buy for your portfolio.
Buy Cryptocurrencies on eToro From $10
Your capital is at risk.
A 2021 study showed that more than 14% of Americans now own cryptocurrencies. This doesn't, however, mean that digital assets are necessarily right for your financial objectives.
If you're still not sure whether you should buy cryptocurrencies, consider the key points outlined below.
Make no mistake about it – throughout 2021, some cryptocurrencies saw monumental gains. For example, had you invested in Polygon in May 2019, you would be looking at gains of almost 84,000%.
This is just one example of many. The key point is that cryptocurrencies are now the best-performing asset class to consider in 2022. The most challenging part is knowing which cryptocurrencies to buy.
As noted above, there are more than 16,000 cryptocurrencies in circulation – according to CoinMarketCap. And as such, this means that you can easily create a diversified portfolio of cryptocurrencies.
This will allow you to avoid having to pick one or two digital assets and hope that they perform well. Best of all, with the likes of eToro now supporting cryptocurrency investments from just $10 – you can buy plenty of different tokens without breaking the bank.
Just a few years ago, many investors were forced to buy cryptocurrencies from shady exchanges located offshore.
But nowadays, there are plenty of regulated brokerage sites that allow you to buy cryptocurrencies in a safe and secure environment.
For example, when you use eToro for this purpose, you will be buying cryptocurrencies with a provider that is regulated not only by the SEC – but with financial authorities in the UK, Australia, and Cyprus.
Buy Cryptocurrencies Now
Your capital is at risk.
When researching the best cryptocurrencies to buy right now – it might be best to focus on established projects like Bitcoin and Ethereum. This will, in some way, reduce the risk of loss.
If you elect to buy cryptocurrencies with a small market capitalization – expect higher levels of volatility. In that regard, it's a good idea to research the credentials of the team behind the project.
In terms of how much to invest – you should only risk amounts that you are comfortable losing. After all, this industry is super speculative – so there is every chance that you will get back less than you originally invested.
If you're looking into how to buy cryptocurrency in the USA, then you should always look for a regulated broker like eToro.
eToro has been nominated as one of the best brokers online, and they take pride in saying they are regulated, can fully operate, and help its users buy cryptocurrency in the USA.
eToro has over 10m users worldwide, and that number keeps increasing for users in the USA.
Buy Cryptocurrencies on eToro
This is a tricky question. A lot of people get focused when they are looking into how to buy cryptocurrency in New York and other US states. The reason for that is because the states have several rules and regulations which vary accordingly.
You can actually buy cryptocurrency in New York with fully regulated brokers in the US like eToro or Coinbase. Take your pick.
Buy Cryptocurrencies on eToro
There is now a huge wave of cryptocurrency projects that create a total supply in the trillions or even quadrillions of tokens. And as such, this results in a token price that is often just a minute fraction of a penny.
If you're wondering how to buy penny cryptocurrencies, this will depend on how established the project is. For example, the best penny cryptocurrency like Shiba Inu can be bought via major brokers such as eToro.
However, small-cap projects will likely need to be accessed via a decentralized exchange such as Pancakeswap.
Buy Cryptocurrencies on eToro
By reading this brief article, you have learned how to buy cryptocurrencies via a regulated broker like eToro. You have dozens of digital assets to choose from at eToro and no fees apply on USD deposits.
As a matter of fact, eToro has been nominated the best crypto wallet in the UK by it's users.
The minimum cryptocurrencies purchase per trade is just $10 – which is great for diversification purposes. Moreover, you can also access eToro's copy trading features to copy the trading strategies of other experienced crypto traders with the click of a button.
Buy Cryptocurrencies on eToro
68% of retail investor accounts lose money when trading CFDs with this provider.
You can buy cryptocurrencies online via a trusted brokerage site like eToro.
Instead of using unlicensed exchanges, it's best to buy cryptocurrencies from an SEC-regulated broker such as eToro, Webull, or Binance. Some say that the best way to buy Ethereum with Paypal is with a broker like eToro.
We found that eToro is the best site to buy cryptocurrencies – as the regulated broker offers super-low fees and the minimum trade size is just $10.
There are over 16,000 cryptocurrencies to choose from, so do some homework to find suitable projects for your risk profile. Some of the most popular cryptocurrencies include Bitcoin, Ethereum, and Dogecoin.
You can buy cryptocurrencies safely by using a regulated broker, eToro is regulated by the SEC, FCA, ASIC, and CySEC.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.