Cryptocurrency today is an attractive option for investment. Why do we say so when the market is declining? All the matter is that many people mistakenly buy digital assets when the hype around this industry is scaling, and crypto rates skyrocket.
And on the contrary, in today’s situation, when the market is down and crypto rates are reaching the bottom, most people withdraw their funds from the industry and stop believing in its profitability.
The golden rule of experienced investors states: buy cryptocurrencies when everyone is selling and sell when everyone is buying. Keep your head cool and don’t be guided by emotions.
As the market is living through “crypto winter” in 2022, this is the perfect moment to buy crypto and hold it long-term until the market trend changes and prices move upward.
To buy crypto, it is appropriate to use crypto platforms. Let’s see how it works.
How to Buy Cryptocurrencies on a Crypto Exchange?
If this is the first time you are trying to buy crypto, you need a centralized crypto exchange for it. Only centralized platforms that operate officially allow for attaching bank cards and depositing fiat money to an account to buy crypto or convert crypto to fiat and withdraw to a card.
To buy cryptocurrency, you can use the WhiteBIT exchange. Here are simple steps on how to do it:
- Register an account
- Pass KYC verification if you want to buy with fiat
- Attach a bank card and move funds to your account
- Go to the trading section
- Pick an asset you would like to receive.
The calculator will display the current price for the asset you want to get in the equivalent of your fiat currency (dollar, euro, pound). Then you see the fee and if it suits you, proceed with the transaction. You will get crypto coins in your account in a few seconds.