The development of the crypto market has led to a significant increase in cryptocurrency users, traders, and investors. Now, the industry is showing high development rates: play-to-earn games where users earn real money are being created, and various applications where you can purchase digital assets are being developed. It may be difficult for a beginner to understand where to buy crypto profitably. Thus, we are going to consider the types of platforms for dealing with digital assets and offer several sites where you can buy crypto safely.
The platforms for buying cryptocurrency are divided into the following types:
- online exchangers;
- crypto exchanges.
Online exchangers
These are websites that offer a certain number of cryptocurrencies, usually the most popular ones. You can instantly buy coins via exchangers if you realize which service is trustworthy and which is not. It will not be a problem for an experienced trader to determine whether the service is fake. At the same time, the lack of experience can increase the risk of getting scammed.
Centralized crypto exchanges
Such sites operate officially, similar to how the traditional financial system works. The governing body has the right to monitor transactions and, if noticing suspicious activity, can block the user until the situation is clarified. Such platforms require clients to pass verification to ensure control. In turn, these websites are responsible for the safety of clients’ assets. Centralized exchanges focus on protection against hacker attacks, ensure maximum convenience and comfort for users, provide a complete set of trading tools, up-to-date rates for a profitable purchase of cryptocurrency, and so on. Examples of centralized exchanges are Binance, WhiteBIT, Kuna, Coinbase, and others.
Decentralized crypto exchanges
With DEXs, assets are not stored on the exchange but are transferred between users’ wallets. The site bears no responsibility for transaction security. DEXs do not require any verification or checks. Sometimes, you do not even need to sign up. Examples of decentralized exchanges are UniSwap, SushiSwap, and others. They are convenient for instant cryptocurrency exchange, and experienced traders use them along with centralized exchanges.
If you are only starting your journey in the crypto world and wonder where to buy cryptocurrency profitably, the best way would be to sign up on one of the official centralized platforms.
