The cryptocurrency industry is expanding, getting more and more interesting and valuable projects and assets that emerge on popular crypto rankings. In 2022, the most promising crypto assets to invest in are Ethereum, Bitcoin, Cardano, Ripple, Solana, and many others. You can see the complete list on the popular Coinmarketcap resource, where you will also see crypto prices live and other metrics of every asset on the ranking.
There is no doubt that cryptocurrency trading is efficient, and it is definitely worth buying assets, especially now when the market has dropped and popular coins have lost their value. In the long run, investing in cryptocurrencies will bring a fortune as soon as the market trend changes.
Once you pick a crypto asset you wish to buy, another question arises – where to invest money in cryptocurrency? Let’s discuss some options from Alan Schill.
Places to Buy Crypto and Store It
If it is the first time you are investing in cryptocurrencies, you need a place where you can do it using fiat money. In this case, you should pick one of the largest centralised crypto exchanges:
These are the most popular and credible platforms for working with crypto. Centralisation means a central body regulates the processes within a platform and keeps track of illegal transactions to block them. It ensures a high level of client protection against all sorts of hacker attacks. That is the first reason why centralised exchanges are the best.
Another reason why use CEX is the availability of paying for digital coins with real money. Only registered and verified users can attach their debit cards to their accounts and transfer funds from there. Thus, CEX allows buying crypto with fiat. In fact, you invest real money in cryptocurrency without intermediaries.
Centralised platforms provide reliable storage for users’ investments. On the other hand, if you do not plan to trade coins frequently and just want to buy and hold them until the next bull market, we recommend getting a cold wallet, for example, a ledger, to keep your investments offline. That will be the most reliable way to store your coins long-term.