Your crypto journey has begun. You have your funding ready, you have analysed the markets and are ready to start buying crypto. Where are you going to buy your first coin?
Let’s find out.
In this article we will explore three factors for five of the top cryptocurrency exchanges around the world, covering the following:
How*1 to fund your account.
What*2 cryptocurrencies you can acquire.
Where*3 the exchange services.
1. Robinhood
How*1
- From their mobile app.
- On the web.
Robinhood also offers an instant deposit feature, of up to $1000, where you can gain access to the fund before they have left your bank account.
Take a look at their guide to preventing transfer reversals to prevent any chargeback issues.
What*2
Robinhood boasts a selection of not only the industry standard of cryptocurrencies but also a list of stocks options, funds and gold.
Where*3
With the exception of Cuba, Iran, North Korea, Syria, and Ukraine’s Crimea region, Robinhood is supported worldwide. You won’t be able to enter your account in these locations, and attempting to log in from inside those areas will result in account restrictions.
2. eToro
How*1
eToro allows you to deposit funds into your account by means of a credit card, bank transfer, E-wallet (PayPal, Skrill, etc), and Revolut.
What*2
eToro offers a range of stocks, commodities, currencies, CFDs, and an extensive list of cryptocurrencies. All the big names are there; Bitcoin, Ethereum, Bitcoin Cash, Ripple, and a few more alternate coins such as The Binance Coin, Zcash and TRON.
Where*3
eToro services an extensive list of countries around the world.
– A full list can be found by CLICKING on this link.
– A list of restricted countries can be found via the same link.
eToro is restricted from offering CFD products to citizens of the United States of America.
3. CCX.io
How*1
CCX offers most traditional funding methods, such as credit card and wire transfer, while allowing you to deposit Bitcoin and Ethereum.
What*2
CCX is an exchange that keeps things simple. Buy and sell Bitcoin and Ethereum.
Where*3
User policies at CCX require all users to undergo a strict client authentication, in order to comply with international anti-money laundering policies. CCX has categorically stated that they will not enter into any business agreement or otherwise with any persons residing in or originating from a country that appears on any sanction list. The company is committed to combating financial terrorism, as such will cooperate with political leaders and law enforcement without hesitation.
4. Binance
How*1
Binance allows you to fund your account with fiat currency by linking your credit/debit card, wire transfer or cash balance. Notably, they have a stricter client authentication process, one which must be completed to a certain extent before you can deposit funds.
What*2
Binance has an enormous range of cryptocurrencies available to non-U.S. users, 500, to be exact! Their native token is Binance Coin (BNB) that runs on the Ethereum blockchain, which you can use to pay for their platform fees and just like any other altcoin.
Where*3
Binance has blocked thousands of users from countries that fall under U.S. sanctions, such as Iran, Belarus, Serbia, Bosnia, Myanmar and other countries with limited jurisdiction. Binance does, however, have service users from all over the world, outside of these limitations, and continues to increase their lists.
5. Kraken
How*1
Domestic
Fedwire
SWIFT
Etana Custody
Silvergate Exchange Network
International
Wire Transfer
Etana Custody
Silvergate Exchange Network
Processing Time
1-5 business days
What*2
Not the largest selection of altcoins.
Standard to most exchanges:
Bitcoin, Ethereum, Dogecoin.
Notably:
Polygon, TTON, Synthetic and Ethereum 2.0.
Where*3
Kraken services most parts of the globe, with the exception of the following:
No Service
Afghanistan, Congo-Brazzaville, Congo-Kinshasa, Cuba, Iran, Iraq, Libya, North Korea, Syria, Tajikistan
Restricted Service
Central African Republic, Eritrea, Guinea-Bissau, Lebanon, Mali, Namibia, Somalia, South Sudan, Sudan, Yemen.
Now you have all you need to make your first purchase.
Go forth and multiply.
Enjoy the world of cryptocurrency.