Category: 1. How to buy crypto

  • Where does the purchased crypto go?

    As part of the process of creating an account with an Exchange you automatically get a web wallet (jump to this article for more information). This is like an online bank account or App where you can check the value your balance in fiat (Euro/Dollar etc) which hopefully increases over time.  Your newly purchased cryptocurrency…

  • Mobile Number & Proof of Identity

    When buying cryptocurrency for the first time you’ll need to prove your identity and verify a mobile number. Often simply abbreviated to passing KYC (Know Your Customer). This ensures that the exchange isn’t breaking any rules around where it can accept customers from and guarantees customers are of the correct age. During peak periods –…

  • Sign Up/Security & Verification

    You’ll need to sign up for an account to buy cryptocurrency from a centralised exchange. You’ll have been through a similar sign up process countless times, though you’ll find that social sign-up – Google, Facebook or Twitter – isn’t generally available.  The decision of what email address to use for Sign Up is an important…

  • How to buy crypto

    What you’ll learn What does buying crypto from an exchange mean? The process & what you’ll need Setting up a payment method What happens to the crypto once you buy it? This is the fourth article in our how to use cryptocurrency section. So far we’ve explained how to safely store cryptocurrency, introducing the crypto…