Crypto Buying Platform | Goskat
When it comes to cryptocurrency, it is considered a complex investment as there are always high risks of losing money and it takes some time to understand its mechanism. Taking financial advice surely helps but there are many crypto buying platforms and apps available that teach you everything you need to know about investing in cryptocurrency and from where to begin.
Most people who invest in crypto either don’t want to miss out or simply want to make more money in less time. People also think of it as a smart investment only if you stay consistent and understand when to buy or sell the cryptocurrencies at the right time. So, if you are ready to take that first step into the world of cryptocurrency, here are a few things you should keep in mind before moving ahead.
Key Things to Remember when Choosing a Crypto Buying Platform
Selecting the right crypto buying platform or app is very important for understanding the process especially if you are a beginner. So, here are 5 key factors to keep in mind when choosing a crypto exchange.
1. Security
There are many money laundering and security breaches happening in the cryptocurrency world. So, when picking out a crypto buying platform, ensure they hold a legal licence, addressing that the portal is a genuine government body. Also, determine what security features they provide to keep your tokens safe and secure from cyber thefts.
2. Easy-to-Use Platform
If you are a beginner, going for an easy-to-use portal is better as you can easily find all the information about cryptocurrencies and learn the process quickly. The more appropriate and better user experience, the platform will provide, the more growth users could actually experience. So, pick a crypto buying platform with a user-friendly interface.
3. Trading Fees
Researching trading fees is a must because many apps charge higher fees that will leave you with no interest in hand. So, select the crypto buying platform with a lower fee structure or those offering discounts and various offers. Some platforms also charge withdrawal fees, so also look out for that.
4. Supported Cryptocurrencies
If you are looking for more than an online Bitcoin platform, like the XPR buying platform, or Ethereum-token app, check what other crypto tokens the platform deals in. Most of the crypto buying platform supports Bitcoin and Ethereum, so if you want more choices, search for multicurrency online platforms for broader trading activities and opportunities.
5. Reputation and Customer Service
It’s very crucial that the platform you are opting for has decent customer service with various options to connect with the representatives in case of any problems. Also, research a bit about the crypto buying platform, how well it holds the reputation in the market, and read some reviews for making a better-informed decision.
Why Revolut?
Now that you know what you need, let’s take a look at one of the best and most secure crypto buying platforms and what features it offers. Revolut makes it much easier, quicker, and much simpler to buy and sell cryptocurrency from both its online platform and application. If you are a newcomer, Revolut is the best option to explore because of the intuitive process it houses.
Here are some features Revolut holds that will make it easier for you to choose.
1. Stay Updated
To understand the cryptocurrency market, it’s crucial that you stay updated with every trading movement happening in the market. Revolut shares notifications through its app whenever you hit the desired prices for a particular cryptocurrency. You can also stay consistent with all the latest market news, lows, or highs, going on in the market.
2. Easy Buy, Sell, and Send
One of the best parts about choosing Revolut is that it supports over 100 tokens apart from Bitcoin and Ether, you can choose to invest in. Like all other crypto exchanges, you can buy or sell crypto tokens anytime and anywhere. Also, you can share them with your friends and families without any complications. You can make a group where you can split and settle up bills with Revolut.
3. Secure Crypto Buying Platform
Revolut understands the threat of cyber crimes, so it ensures proper protection and safekeeping of your tokens. The majority of your funds will be kept in locked cold storage with trusted custodians, and the private key never sees the internet, making it safer. For easier payments, Revolut even offers you a crypto card to pay with your cryptocurrency.
4. Learn and Earn
If you have zero knowledge about how to start investing, Revolut offers you short, basic courses along with quizzes so that you can easily understand and earn free tokens in the process. Not only do you get to learn and start your crypto journey but you also earn free tokens that get directly added to your account. You can even explore the crypto collections tab that helps you decide which token to invest in.
5. Additional Features
The Revolut app holds many additional features like splitting and sharing group bills through tokens, earning cashback when you pay with Revolut Metal, and how you can maximise your money through saving vaults. These personal vaults let you instantly add funds or withdraw any change or token with ease.
6. Fees Structure
Revolut offers many affordable subscription plans that you can choose from and smoothly buy, sell, or send your cryptocurrencies. The basic Personal Fees Standard plan is a free plan along with other plans like Plus(£2.99/month), Premium(£6.99/month), Metal(£12.99/month), Ultra(£55/month), and Joint Fees Account(free with a delivery fee).
Conclusion
Picking the correct crypto buying platform that serves all your needs could be a complicated process. Start with finding a securer exchange platform that offers smoother transactions and lower fee structures. Revolut is one such platform that not only supports over 100 tokens but also provides many additional features that help maximizes your profits. So, download the app and take that first step into the world of cryptocurrency. For more information, visit GoSkat.
