How to buy cryptocurrency
You can buy cryptocurrency in a few simple steps. The process is similar to the exchange of fiat, where you get the equivalent of your amount in the desired currency, minus the commission. The difference is that buying cryptocurrency is more convenient and faster because it happens online. To get started, you need to familiarize yourself with the list of currencies available for purchase on the exchange or exchange service. The commission for depositing and withdrawing funds depends on the site and is on average 1-10 %. The key difference between the exchange and the exchanger is that the assets of the exchanger are completely owned by the company, whereas the exchanges use a public blockchain, where funds are distributed among all users. The turnover of exchangers is used exclusively to increase capital. Moreover, exchanges use a private blockchain, which is more vulnerable to fraud and cyber-attacks. By controlling all assets, the company can limit the withdrawal of funds at any time or even disappear with your money. When buying on the stock exchange, fraud is unlikely, because the bulk of the profit is made up of commissions and companies need a reputation to attract new users and expand the market. Exchange owners pay special attention to the stability of their work, security and transparency. The public blockchain is also vulnerable to cyber attacks, but it is much more difficult to steal funds from it than from a private one.