Since the development of the cryptocurrency market, there have been more than hundreds of cryptocurrencies that have been issued and circulated on the Internet, and Bitcoin is only one of the cryptocurrencies. Common cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Tether (USDT), Bitcoin Cash (BSV), Litecoin (LTC), EOS (EOS), Binance Coin (BNB), Tezos (XTZ).

 

 

 

 

Source: coinmarketcap

 

 

 

 

 

 

Each cryptocurrency has its characteristics, the market is also different, and the supply and demand of currency are also other. Transaction price, transaction volume, and total current market value are essential bases for determining investment.

 

 

 

 

 

Although Bitcoin is still the highest value in the cryptocurrency market and the most familiar to the public, other cryptocurrencies such as Ethereum, Ripple, etc., have improved many shortcomings that are difficult for Bitcoin to progress. There are strong teams behind it them. The value of these cryptocurrencies is growing up. 

 

 

 

 

How to buy cryptocurrency?

 

 

 

1.Personal transactions (private transactions)

 

2.Broker

 

3.OTC(Over-the-counter)

 

4.Exchange

 

 

 

1.Private transactions

 

 

Due to the decentralized characteristic of Bitcoin, as long as the buyer and seller agree, they can negotiate the price and transfer the currency by themselves at any time through the online wallet. Although this method is simple, it is also the fraud most likely to occur. Remember to find trustworthy friends, in case you cannot take the money.

 

 

 

 

 

2.Broker

 

 

You can directly trade cryptocurrencies with fiat currencies and credit cards. This method of buying cryptocurrencies is also straightforward and easy, but the handling fee is usually higher.

 

 

 

 

 

3.OTC(Over-the-counter)

 

 

A one-by-one bargaining market without open bidding. It’s similar to online auctions; sellers auction bids while willing buyers buy. The difference from exchanges is that OTC does not have a strict management system, and there are no rules and restrictions on trading products.

 

 

 

 

 

4.Centralised Exchanges

 

 

Through the exchange, purchase from the other party who holds the cryptocurrency; when one party sells, the other party buys. The transaction model is similar to stock pending order trading, and the transaction price is the fairest under the market mechanism.