The unstoppable development of the cryptocurrency market and technology causes the threshold of entry to lower. The knowledge about crypto is much more common and there are more ways to obtain the tokens than there were 10 years ago. So it’s hard to imagine a better moment to get your first units.
My first cryptocurrency
Taking your first steps in the world of crypto takes a little preparation. First of all, you need to know what you want to achieve with the cryptocurrency, as this choice will directly influence the process of looking for the right e-coin.
One of the two main ways is to use it in accordance with its purpose, usually meaning online payments. In this case, there is a wide variety of options to choose from, as they can be used in many ways, from direct payments to intelligent, self-managing contracts. The other way is investing and trading cryptocurrency. The crypto market follows a slightly different set of rules than the traditional market. Digital coins are judged mostly based on the widely defined “noise” they make, with availability and functionality playing second fiddle.
Of course, you can always pick both options. This way the user can take part in popularising the asset they are investing in. However, it takes more attention and careful preparation.
Finally, you need to prepare tools. No matter which way you choose, a cryptographic wallet, known also as an e-wallet or crypto-wallet is indispensable. It’s an application or a device that is used to store, send, and receive cryptocurrencies. Their specification may differ depending on the e-coin and usage, so there are no universal solutions in this category, it’s just important to have one. Once that is taken care of, there’s only one thing left to do: buy the first crypto.
Cryptocurrency – where to buy it?
Thanks to the growing interest, cryptocurrencies can be bought in many places. Currently the most popular ones are crypto exchanges and crypto-cantors.
- Crypto exchange
An internet platform for exchanging, buying and other forms of independent cryptocurrency trade. It is mostly driven by the supply and demand, which are based on the popularity and functionality of an e-coin, with little to no legal regulations. It usually requires an extensive identity verification while setting up an account for safety reasons.
Pros:
- Access to many cryptocurrencies
- Opportunity to directly invest in chosen assets
- Ability to store part of the units on the platform
Cons:
- Registration requirement and tedious verification process
- Necessity to use intermediate currencies while buying crypto
- High risk of hacker attacks
- Require a lot of knowledge about investing in cryptocurrencies
- Cryptocurrency cantors
Platforms meant for fast, direct exchange between fiat currencies and cryptocurrencies. The availability of certain currencies can differ greatly between concrete offers.
Pros:
- Safe exchange
- Varied offers
- An easy way to obtain e-coins
Cons:
- Much like exchanges, some cantors require verification
Crypto-cantor… how does it work?
Cryptocurrency cantor serves to exchange one currency for another. To make an exchange through a crypto-cantor all you need is fiat currency and an address of the e-wallet where you want to receive the bought e-coin. Similarly to traditional money exchanges, crypto-cantors can be both stationary and digital.
Stationary crypto-cantors can take the form of small service points, almost identical to traditional cantors, or machines called Bitcoinmats. Unfortunately, stationary cantors can be found almost exclusively in big cities and often demand a high fee for their services.
Their internet counterpart, the online cryptocurrency cantor, is much more accessible, as you can use it anywhere there is an internet connection. Additionally, it is less vulnerable to hacker attacks, as they do not store cryptocurrencies. The verification requirement isn’t as vital as in the case of crypto exchanges, which can be a big upside for users who care about their anonymity. That is why some independent cryptocurrency cantors do not require extensive registration, sometimes even resigning from the option to set up accounts altogether.
Cryptocurrency cantor without registration
Anonymity is one of the main aspects of cryptocurrencies and many users value it greatly. That is why many of them are unhappy with the requirement for identity verification. This process can be annoying, or even disencouraging for the beginners, who just want to use the service sporadically. For people like that cryptocurrency cantors without registration are the perfect solution, as the form of a cantor is not only much safer than an exchange, but it also enables to use different safety measures without interfering in users’ privacy.
With or without registration
The answer to this question is not straightforward. Cantors with registration may offer some degree of personalization within the account, but they do this in exchange for users’ privacy and convenience. On the other hand, cantors without registration ensure greater comfort of use and a higher degree of anonymity, which is one of the most important values for cryptocurrency users. In the end, it comes down to a personal preference and hierarchy of values. It’s worth remembering that both forms ensure the user’s safety during buying cryptocurrency, although they use different means.
Cryptocurrency cantors are one of the newest and most convenient ways to get e-coins for both new and advanced users. The variety of available offers ensures that everyone will be able to find something that suits their needs and requirements. That’s why it’s good to use a cryptocantor today and get your first units of cryptocurrency.