Purchasing and trading with cryptocurrency is rapidly becoming an essential way to keep up with the times. Crypto is taking major parts of the globe by storm. Moreover, it is well on its way to becoming an everyday form of legal tender. Investing in cryptocurrency can have a plethora of benefits, but the undertaking can seem quite daunting. However, navigating the effective purchasing of cryptocurrency need not be a complex task. There are countless programs and software available that can make the experience as streamlined and enjoyable as possible.
Virtual Private Networks (VPNs)
For numerous reasons, a VPN is a great asset for those interested in purchasing cryptocurrency. The most obvious one is the greater sense of security and privacy a VPN provides. When purchasing cryptocurrency or making any financial transaction online, individuals must proactively protect their data.
A VPN encrypts users’ online connection and conceals their IP address. Thus, it protects users’ personal information from malicious individuals seeking to steal their data. When it comes to purchasing cryptocurrency, this greatly lowers the risk of others accessing the sensitive data required to access and steal an individual’s cryptocurrencies.
Another great advantage of using a VPN when purchasing cryptocurrencies is the ability to change the IP address location. It enables users to bypass geographical restrictions and access crypto trading sites across the globe. That can be especially useful in countries that implement a lot of restrictions on crypto trading. For example, there are many VPNs to access content in India and Thailand where restrictions tend to be tighter.
Some of the best options for crypto users include:
NordVPN
The most successful VPN is extremely useful for purchasing cryptocurrency, mainly for its heightened security features. NordVPN uses AES-256 encryption, which is the same type as the US military uses, so users can rest assured that their information is safe.
– Advertisement –
Additionally, NordVPN offers access to over 7000 servers in over 118 countries, meaning most crypto trading can be accessed without geo-restrictions.
SurfShark
It is another popular VPN that merges well with cryptocurrency. What sets Surfshark apart from most of its competitors is the more affordable subscription plans it offers users, meaning there is something available for every budget.
With a generous 3200 servers in over 100 countries, Surfshark allows users to bypass geographical restrictions and access most of their desired content. Surfshark is also available on unlimited devices, making it a great asset to crypto traders.
Express VPN
It is perhaps the most effective VPN for those new to the systems. Express VPN offers a user-friendly experience, no matter whether you access it through a phone, tablet, or computer. That makes it appealing to individuals looking to incorporate a VPN into their crypto buying experience but do not want to dedicate much time to learning how one works.
Like NordVPN, Express VPN also excels in both security and speed, making it an ideal option for those interested in improving their experience when purchasing cryptocurrency.
Best Crypto Exchanges
Crypto exchanges are a vital part of the crypto realm, allowing safe and secure purchases of various cryptocurrencies. There are many different kinds of crypto exchanges out there, all supporting different forms of cryptocurrency and with different advantages to their users.
Kraken
Kraken is a very popular crypto exchange with a very good reputation. For one, Kraken supports over 200 forms of cryptocurrency, including but not limited to Bitcoin, Dogecoin, and Polygon. This diversity leads to a large community of Kraken users and a bustling exchange service.
Bybit
It is an innovative crypto exchange with a stellar reputation for being affordable and effective. It offers low trading fees to its users. Does so through a tier-based model, which means users will only pay fees according to how much and how often they are trading.
Crypto Wallets
There is little use in purchasing cryptocurrencies if they don’t have a place to store them. Crypto wallets, therefore, are an essential addition to the crypto buyer’s arsenal of tools and software.
Crypto wallets do not directly contain the crypto funds a person owns, as these are stored on the blockchain, but instead, they contain the digital keys that allow those funds to be accessed. These can be stored on an encrypted online wallet for increased security.
Coinbase Wallet
It is an ideal crypto wallet for individuals still new to the world of cryptocurrency. It is accessible in app form, making it simple and easy to access, and it also supports a wide variety of currencies.
Coinbase is also an extremely popular crypto wallet with a good reputation and effective security features, making it an ideal asset for the cryptocurrency buyer.
Hardware Wallets
Hardware wallets are an essential addition to the crypto buyer’s assets. These are physical devices that can store their user’s cryptocurrencies while offline. Thus, they offer more advanced security and protecting against malware or website crashes.
These hardware wallets often come with backup features, making sure users always have access to their funds. There are many different kinds of hardware wallets available to users. Still, it is essential individuals do their research to understand which are the most reputable and respected to ensure their information is being kept safe.
Trezor
Trezor is a well-known hardware wallet famous for its advanced security features. This wallet costs $129 and can run on a desktop, providing greater security than app- or website-based crypto wallets.
Cypherock
It is a new and innovative hardware wallet known for its dedication to ensuring its users are never without access to their cryptocurrencies. These wallets come in the form of a vault and cards, all of which provide access to the wallet itself.
Additionally, Cypherock users are able to purchase additional cards, ensuring that they never go without access to their funds.
Educational Resources
Cryptocurrency is still relatively new, and although it is well on its way to becoming mainstream, there are still many people in the dark about how it works. However, this need not be the case. There are countless educational resources available to individuals with both a beginner and a more advanced understanding of cryptocurrency.
Sites, such as Binance Academy and CoinDesk Learn, as well as generic education sites such as Skillshare, offer courses and information on how to get started and develop your skills when it comes to purchasing cryptocurrency.
Tax tools are a great way to keep track of crypto spending and ensure tax is up-to-date and legal for all transactions. There are many useful tax tools tailored toward purchasing cryptocurrency that can streamline this complex process.
Tax tools effectively aid users in calculating their tax liabilities as well as calculating capital gains and losses. Such a tool provides valuable peace of mind to anyone interested in investing in crypto, as it takes care of legal responsibilities and relieves the stress upon the individual.
