Apple is one of the largest technology companies in the world, and it’s rumored that it has just bought $2.5 billion worth of bitcoin. This could see the digital currency skyrocket, but it also raises some questions.
Apple CEO Tim Cook has expressed an interest in cryptocurrencies, but the company has yet to integrate them with its wallet or finance ecosystem. And it’s also unlikely that the tech giant will invest its cash balance in the virtual currency anytime soon.
1. Crypto exchange Coinmama
Coinmama offers a simple and secure way to buy cryptocurrencies with credit cards. It’s a popular choice among first-time buyers, especially those living in the United States.
The platform supports multiple currencies, including Australian Dollars, Canadian Dollars, Euros, Japanese Yen, and British Pounds. It also accepts payment by SEPA and Swift bank transfers, which have 0% processing fees.
Once you’ve registered, you’ll receive a verification link via email. Click the link and you’ll be taken to a page where you can upload your ID.
To complete Level 1 verification, you’ll need to provide one valid government ID, such as a voter card or driver’s license, and take a selfie with your ID. You’ll also have to write “Coinmama” and today’s date on the paper you’re holding in your photo.
You can also move to higher levels of identity verification, like Level 2 or 3. This requires you to upload a secondary ID and a current utility bill.
2. Crypto exchange Exodus
Exodus is a popular wallet that supports a wide range of currencies. Its main focus is storing cryptocurrency, but users can also use it to trade assets and create portfolios.
In addition to a simple user interface, Exodus also offers a variety of support options for its users. Its website features a knowledge base of hundreds of articles and videos explaining the product, as well as a searchable FAQ section for common queries.
As with many other software wallets, Exodus encrypts and stores all of your personal information locally. This means that if you lose your device or it gets stolen, you have nothing to worry about.
Exodus has also partnered with Trezor, a hardware wallet that lets you store your coins offline for added security. However, Exodus doesn’t support fully shielded transactions for privacy coins like Monero (XMR) or Zcash (ZEC).
3. Spend Wallet
The best way to buy bitcoin is to use an online service that offers a mobile app. The app will allow you to deposit cash, check, or credit card, and then you can purchase the aforementioned virtual currency from there. You can also trade bitcoin for other cryptocurrencies on exchanges like Binance and Kraken. Alternatively, you can purchase a single unit of crypto from a traditional broker. Regardless of your chosen method, it’s always wise to shop around for the best possible deal. The most important step is to choose a firm that offers low fees and a secure platform. A reputable firm will also be available to answer any questions you may have along the way. A few snags may crop up, but the rewards will be well worth the effort.
4. Crypto exchange Bybit
Bybit is a leading cryptocurrency exchange which has been in operation since 2012. It’s one of the largest exchanges by market cap and is a great choice for traders.
Signing up is simple and easy. You just need an email address and a password to get started. Once you’ve entered all your details, a confirmation mail will be sent to you which you need to confirm before you can use your account.
The exchange also offers two-factor authentication, or 2FA, to keep your account and funds safe. This is a standard industry practice that helps to lessen identity theft and phishing attacks.
In addition to cryptocurrencies, Bybit https://www.bybit.com/en-US/ also accepts credit cards from several providers. To buy cryptos with a credit card, users simply need to deposit funds and select the payment processor they prefer from the drop-down list. Once they select a provider, they can select a crypto and the destination wallet and proceed to the payment process.