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How to Buy Cryptocurrency

· 3 min read

There are several ways to buy cryptocurrency.
In this post, I’ll explain the main methods, and later demonstrate each of them in practice.

1. Buying Through Exchangers​

This is the simplest and fastest way to purchase crypto.

How it works​

  1. Choose a suitable exchanger.
  2. Select the exchange direction (e.g., bank card → Bitcoin).
  3. Enter your Bitcoin address in the request.
  4. Complete the exchange by transferring funds to the specified card.
  5. After payment, Bitcoin is sent to your wallet address.

You can buy not only Bitcoin, but also Ethereum, stablecoins, and other altcoins.

Risks​

  • Some exchangers are unreliable.
  • To protect yourself, use exchanger aggregator services that:
    • Show exchanger reputations
    • Display reviews and user ratings
    • Track reserves and operating history

2. Centralized Exchanges via P2P Trading​

Another popular option is P2P (peer-to-peer) trading on centralized exchanges.

How it works​

  1. Create an account and complete KYC/verification.
  2. Go to the P2P section.
  3. Choose the exchange direction (e.g., your national currency → Bitcoin via bank card).
  4. Select a seller and open a deal.
  5. Transfer money to the seller’s account.
  6. Once payment is confirmed, the seller releases the crypto to your exchange balance.

Safety​

  • The exchange acts as a guarantor.
  • If disputes arise, you can contact support.

3. Buying Directly with a Bank Card​

This option is the most convenient, but also comes with higher fees.

  • Available on many centralized exchanges and platforms.
  • Allows you to buy crypto literally in one click.

Pros​

  • Fast and simple.
  • Confidence that you’ll receive your assets.

Cons​

  • High commissions (often more expensive than exchangers or P2P).
  • May not be available in restricted countries.

4. Buying with Cash (Offline Exchangers)​

For maximum anonymity, you can buy crypto with cash.

How it works​

  1. Find an exchanger offering “cash → crypto.”
  2. Open a deal online.
  3. Go to the exchanger’s physical office in your city (e.g., Dubai, Istanbul, etc.).
  4. Hand over your cash (USD, EUR, or local currency).
  5. Receive cryptocurrency directly to your wallet.

This method is common in major cities and is the most private way to buy crypto.

Key Reminder​

Regardless of which method you choose:

  • You need your own crypto wallet to transfer assets and keep them fully under your control.
  • We’ll cover wallets — how they work, which to choose, and how to secure them — in the next lesson.

Disclaimer: These materials are created for educational purposes only and do not constitute financial advice.