All Courses
AI Career Planner
1:1 Coaching/Mentoring
Job Board
SQL
HTML/CSS/JS
Coding
Settings
LogoutCryptocurrency can be purchased on peer-to-peer networks and cryptocurrency exchanges, such as Coinbase and Bitfinex. Keep an eye out for fees, though, as some of these exchanges charge what can be prohibitively high costs on small crypto purchases. Coinbase, for instance, charges a fee of 0.5% of your purchase plus a flat fee of $0.99 to $2.99 depending on the size of your transaction.
Some brokerage platforms—like Robinhood, Webull and eToro—let you invest in crypto. They offer the ability to trade some of the most popular cryptocurrencies, including Bitcoin, Ethereum and Dogecoin, but they may also have limitations, including the inability to move crypto purchases off their platforms.
“It was once fairly difficult but now it’s relatively easy, even for crypto novices,” Zeiler says. “An exchange like Coinbase caters to non-technical folks. It’s very easy to set up an account there and link it to a bank account.”
It’s best to keep in mind that buying individual cryptocurrencies is a little like buying individual stocks. Rather than buying only security, its better to spread your purchases out over many different options.
If you want exposure to the crypto market, you might invest in individual stocks of crypto companies. “There are also a few Bitcoin mining stocks such as Hive Blockchain (HIVE),” says Zeiler. “If you want some crypto exposure with less risk, you can invest in big companies that are adopting blockchain technology, such as IBM, Bank of America and Microsoft.”