Buying and trading cryptocurrency is quickly becoming an essential way to keep up with the times. Crypto is taking over large parts of the world. Moreover, it is well on its way to becoming an everyday form of legal payment. Investing in cryptocurrencies can have tons of benefits, but the venture can seem quite daunting. However, managing an efficient cryptocurrency purchase doesn’t have to be a complex task. There are countless programs and software available that can make the experience as simple and enjoyable as possible.
Virtual Private Networks (VPN)
For a number of reasons, a VPN is a huge advantage for those interested in buying cryptocurrency. The most obvious is the greater sense of security and privacy that a VPN provides. When purchasing cryptocurrency or conducting any financial transaction online, individuals must proactively protect their information.
A VPN encrypts the user’s Internet connection and hides their IP address. Therefore, it protects users’ personal data from malicious individuals who want to steal their data. When it comes to buying cryptocurrency, it greatly reduces the risk of others accessing the sensitive data needed to access and steal an individual’s cryptocurrency.
Another great advantage of using a VPN when buying cryptocurrencies is the ability to change your IP address location. It allows users to bypass geo-restrictions and access cryptocurrency trading sites around the world. This can be especially useful in countries that enforce many restrictions on crypto trading. For example, there are many VPNs for accessing content in India and Thailand where restrictions tend to be stricter.
Some of the best options for crypto users include:
NordVPN
The most successful VPN is extremely useful for buying cryptocurrency, mainly because of its enhanced security features. NordVPN uses AES-256 encryption, which is the same type used by the US military, so users can rest assured that their data is safe.
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In addition, NordVPN offers access to more than 7,000 servers in more than 118 countries, which means that most crypto trades can be accessed without geo-restrictions.
SurfShark
It is another popular VPN that pairs well with cryptocurrency. What sets Surfshark apart from most of its competitors is the more affordable subscription plans it offers to users, meaning there’s something available for every budget.
With a generous 3,200 servers in over 100 countries, Surfshark allows users to bypass geographic restrictions and access most of the content they want. Surfshark is also available on an unlimited number of devices, making it a great value for crypto traders.
Express VPN
It is perhaps the most effective VPN for those who are new to the systems. Express VPN offers a user-friendly experience, whether you’re accessing it via phone, tablet or computer. This makes it attractive to individuals who want to incorporate a VPN into their cryptocurrency buying experience, but don’t want to spend a lot of time learning how a VPN works.
Like NordVPN, Express VPN also excels in both security and speed, making it an ideal option for those looking to enhance their cryptocurrency purchasing experience.
The best crypto exchanges
Crypto exchanges are a vital part of the crypto realm, enabling the secure purchase of various cryptocurrencies. There are many different types of crypto exchanges, all of which support different forms of cryptocurrency and have different benefits for their users.
Kraken
Kraken is a very popular crypto exchange with a very good reputation. First, Kraken supports more than 200 forms of cryptocurrencies, including but not limited to Bitcoin, Dogecoin, and Polygon. This diversity leads to a large community of Kraken users and a busy exchange service.
Bybit
It is an innovative crypto exchange with a stellar reputation for being affordable and efficient. It offers low trading fees to its users. It does this through a tier-based model, meaning users will only pay fees based on how much and how often they trade.
Crypto wallets
There is little use in buying cryptocurrencies if they have nowhere to store them. Crypto wallets are therefore an essential addition to the cryptocurrency buyer’s arsenal of tools and software.
Crypto wallets do not directly contain the crypto assets that a person owns, as they are stored on the blockchain, but instead contain digital keys that allow access to those assets. These can be stored in an encrypted online wallet for added security.
Coinbase wallet
It is an ideal crypto wallet for individuals who are new to the world of cryptocurrencies. It is available in the form of an app, which makes it simple and easy to access, and also supports a large variety of currencies.
Coinbase is also an extremely popular crypto wallet with a good reputation and effective security features, making it an ideal vehicle for a cryptocurrency buyer.
Hardware wallets
Hardware wallets are an essential addition to a crypto buyer’s assets. These are physical devices that can store their users’ cryptocurrencies while they are offline. Therefore, they offer more advanced security and protection against malware or website crashes.
These hardware wallets often come with backup features, ensuring users always have access to their funds. There are many different types of hardware wallets available to users. However, it is crucial that individuals do their research to understand which are the most reputable and respected to ensure that their data is safe.
Safe
Trezor is a well-known hardware wallet known for its advanced security features. This wallet costs $129 and can be run on a desktop computer, providing more security than app-based or website-based crypto wallets.
Cypherock
It is a new and innovative hardware wallet known for its dedication to ensuring that its users are never without access to their cryptocurrencies. These wallets come in the form of vaults and cards, all of which provide access to the wallet itself.
In addition, Cypherock users can purchase additional cards, ensuring that they will never run out of access to their funds.
Educational resources
Cryptocurrency is still relatively new, and although it is well on its way to becoming mainstream, many people still don’t know how it works. However, this does not have to be the case. There are countless educational resources available to individuals with a beginner’s and more advanced understanding of cryptocurrency.
Sites such as Binance Academy and CoinDesk Learn, as well as generic educational sites such as Skillshare, offer courses and information on how to get started and develop your skills when it comes to buying cryptocurrency.
Tax tools are a great way to track crypto spending and ensure tax is up-to-date and legal for all transactions. There are many useful tax tools tailored to buying cryptocurrency that can simplify this complex process.
Tax tools effectively help users calculate their tax liabilities as well as calculate capital gains and losses. Such a tool provides valuable peace of mind to anyone interested in investing in cryptocurrencies, as it takes care of legal responsibilities and relieves individual stress.
