The market of digital assets has shown a significant decline in 2022. Many investors have left the market and withdrawn their funds because of a panic mood caused by the crypto winter beginning in the spring of 2022. In November 2022, there was another massive drop against the background of the FTX exchange bankruptcy.
The golden rule of all successful investors sounds like this: buy crypto when all around sell it, and sell it when all around buy. So now, as the market is reaching its bottom, it is the right time to enter it and buy crypto online.
In this article, we will discuss where to buy crypto coins instantly.
Options for Buying Crypto
We offer the two main ways to become an owner of digital assets:
1. A centralized crypto exchange
2. Decentralized platform.
Both ways allow buying crypto instantly, and experienced traders use both options. When it comes to speed, the fastest option will be a decentralized platform, such as PancakeSwap, UniSwap, and others. However, all of them imply that you already have some crypto coins and a wallet, which you can use for buying crypto.
Decentralized exchanges work fast, but they don’t provide safety for transactions, so users usually trade small sums.
A centralized cryptocurrency exchange is an official platform with registration and documentation about certification of complying with all regulator’s requirements (KYC, AML, etc.). To buy crypto online using such a platform, you may already have some coins or use your bank card and fiat money. The second option will take some time because it requires KYC verification. It usually lasts for a couple of days if everything is okay and you were not involved in any illegal activities with finances before. Once the verification is done, you can safely buy crypto online and trade. An example of such a platform is WhiteBIT.
Learn more about buying crypto with fiat on the WhiteBIT blog.