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Are you planning to buy cryptocurrencies? If so, you’re part of an ever-expanding population group that sees digital assets as worthwhile investments.

It is already possible to buy cryptocurrencies in today’s market. Be it Bitcoin, Ethereum or any other of the tens of thousands of cryptocurrencies available.

Today, buying cryptocurrency is as simple as investing in stocks. Whether this is through cryptocurrency exchanges, ETFs, or even direct investments in cryptocurrency companies.

In this cryptocurrency buying guide, we’ll cover everything you need to know about cryptocurrency trading. We’ll cover how to diversify your stocks and all the important factors to consider before investing.

How to Buy Cryptocurrencies – Quick Guide

Before proceeding to all topics in more detail, we present you a brief guide to buying cryptocurrencies, through the OKX exchange .

  1. Visit the OKX platform
  2. Create an account
  3. Confirm your personal details
  4. Create account security locks
  5. Link a bank card to your account
  6. Make a deposit
  7. Select the cryptocurrency you are interested in buying
  8. Buy the cryptocurrency of your choice

Visit OKX now[/button ]

How to Buy Cryptocurrencies – Complete Step by Step Guide on 2024

Let’s first look at the 5 important steps that you can follow if you are planning to make purchases in cryptocurrencies. For this guide, we will use as an example the OKX platform which is available for Greece.

Step 1 – Create an account on the OKX cryptocurrency exchange

Visit the official website of the OKX cryptocurrency exchange . Click on the “Register” button and fill in the form that will appear on your screen. A nickname, an email address and a personal password are required. You can also register via Google Account or Facebook Account.

Step 2 – Confirm your personal information

You will then be taken to your profile dashboard. There, you should fill in all your real, personal information. It is important to provide true data as you will then be asked to confirm data with the identification method ( KYC Verification Process ).

For the identification method, an official government document such as an ID, passport or driver’s license is necessary. You also require a selfie photo through the image scanning process as well as a document confirming your permanent residential address. The latter can be a bank account or a water or electricity bill. This document should be between one day and 3 months old at most.

Step 3 – Set up your account security controls

After your account is verified by the company, you will need to enable some security measures to access it. Confirming a phone number and enabling the 2FA Authedication service are recommended.

Step 4 – Make a deposit

In the fourth step you will need to fund your account. This can be done using a credit or debit card or a bank transfer.

Step 5 – Select and buy cryptocurrencies

Finally in the 5th step, you should find the cryptocurrency you are interested in, and exchange the fiat money you deposited, with the corresponding cryptocurrency. This can be done by visiting the crypto category. You can buy crypto-currencies, equal in value to the fiat money you deposited. Always keep in mind that there are some minimal exchange fees, as with all cryptocurrency exchanges.

What are cryptocurrencies?

Over the past ten years, the concept of cryptocurrencies and the underlying blockchain technology has gained traction in the financial and technology sectors.

Cryptography is used by cryptocurrencies, which are digital assets that allow them to function independently of governments and central banks. Cryptography is used to secure and authenticate transactions as well as to control the production of new technological products.

What are cryptocurrencies?

They can be used, among other things, as a medium of trade, store of value and for speculative investments. The popularity of cryptocurrencies is particularly influenced by the latter factor, as it is also the case in other market categories.

No matter why you choose to buy cryptocurrencies, you will discover all the instructions you need in this article to make your initial purchase.

Cryptocurrency prices

Every cryptocurrency investor is looking to find coins that will appreciate in value. It is important to understand how Bitcoin values ​​are determined in order to cope. The variables that affect the stock market may already be familiar to you. Although there are many similarities, the crypto market has its own “entity” and does not follow the same rules as other markets.

The following variables are factors that affect cryptocurrency prices.

  1. Supply
  2. Demand
  3. Usefulness
  4. Competition
  5. Availability
  6. Popularity

Let’s look at each of these aspects more closely and see some examples of how each has affected the price of cryptocurrencies.

Cryptocurrency prices

Supply

The term “supply” describes both the total number of tokens a cryptocurrency can issue and the quantity that is in the market. Depending on the cryptocurrency, the maximum supply can vary greatly. Some have max supplies in the millions, while others have trillions or even quadruplets of tokens.

The price of a cryptocurrency will often increase due to its scarcity as its supply decreases. Bitcoin, which has a fixed maximum supply of 21 million, is the best-known example. Since there will only be 21 million Bitcoins accessible and no more will be produced, it is historically the highest priced cryptocurrency.

Some cryptocurrencies use a technique known as “burning” to reduce their supply. To remove tokens from circulation, they are sent to an inaccessible wallet. Even though this is promoted as a technique to increase the price of a coin, a smaller supply does not always mean a higher price. For this to work, the demand must also be there.

Demand

Demand is the market’s desire to buy a particular cryptocurrency . The price of a cryptocurrency will increase if there are more prospective buyers than sellers.

There are many factors that can increase the demand for cryptocurrencies. Due to its negative impact on the environment, Bitcoin began to be more heavily regulated in 2023. Investors began to look for “green cryptocurrencies” that use less energy. Cardano, a cryptocurrency with a significantly lower environmental impact, has seen an increase in demand due to its utility.

Demand

Usefulness

Cryptocurrencies can be used for utility. The majority of popular cryptocurrency initiatives attempt to address one or more real-world problems.

Bitcoin was created to be a decentralized digital money that could function independently of a bank or government. The blockchains of the latest cryptocurrencies, such as Ethereum, run self-executing programs thanks to smart contracts.

Competition

Other cryptocurrencies, and more specifically those that play a similar role in the market, are referred to as competitors. Although not direct rivals, Bitcoin and Ethereum are competitors in that they are both forms of cryptocurrency. Ethereum is a blockchain for smart contracts. Bitcoin is now largely seen as a digital store of value token like gold.

Competition

Other blockchains that support smart contracts, such as Cardano and Solana, are direct rivals to Ethereum. Since the goals of all these initiatives are similar, most users will prefer such projects. Ethereum and Cardano would suffer if most developers switch to Solana.

Popularity

Although it may seem that technology and utility will be the most critical factors in crypto investing, this is not necessarily the case. Popularity is really important. Consider Dogecoin and Shiba Inu, two meme tokens that have been ranked among the top cryptocurrencies in the world.

However, popularity does not guarantee long-term success. Cryptocurrencies that prioritize popularity over functionality usually experience a rapid decline after the initial euphoria. They eventually run out of buyers because they don’t provide practical applications.

Even if a cryptocurrency meets all the requirements, lack of popularity can still be a problem. One cryptocurrency that has performed well technologically but has disappointed investors due to lower marketing is Neo.

Popularity

While there are many more variables that can affect cryptocurrency prices, the ones we have discussed here are the most influential. It’s a good idea to consider how a cryptocurrency performs in each of these categories when evaluating it as an investment.

Buying Cryptocurrencies – Why Should You Invest in Cryptocurrencies?

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Το 78% των λιανικών επενδυτικών λογαριασμών χάνουν χρήματα όταν συναλλάσσονται CFDs με αυτόν τον πάροχο.

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In recent years, cryptocurrencies have gained immense popularity, but many investors and consumers are confused by them. Why would anyone choose cryptocurrencies when their money is perfectly sufficient for their daily life? Why should anyone buy cryptocurrencies? Why invest in them? Why take the risk?

In fact, using and investing in cryptocurrencies has many benefits. Below we briefly list eight advantages which we will analyze later.

  1. Transaction speed
  2. Transaction costs
  3. Accessibility
  4. Security
  5. Privacy
  6. Transparency of Diversity
  7. Inflation protection

Transaction speed

There aren’t many ways to transfer money or assets from one account to another faster than you can with cryptocurrencies. In Greece’s financial institutions, the majority of transactions are settled in three to five days. Usually, a bank transfer takes at least 24 hours. In three days the stock trades are settled.

Transaction speed

However, one advantage of crypto transactions is that they can be completed quickly. The funds are ready for use after the network confirms the block containing your transaction.

Transaction costs

Compared to other financial services, cryptocurrency transactions are relatively cheap. For example, a domestic bank transfer usually costs €25 to €30. Even more money can be spent when sending money abroad.

Transactions using cryptocurrencies are usually cheaper. You should be aware that blockchain demand can increase transaction costs. Even on the busiest blockchains, average transaction fees are still less than bank transfer costs.

Transaction costs

Accessibility

Cryptocurrency can be used by anyone. An internet connection and a computer or smartphone is all you need. Comparing the process of creating an account at a conventional financial institution to that of creating a Bitcoin wallet, the latter is incredibly fast. There is no authentication. There is no credit or background check.

By using cryptocurrencies, people who don’t have bank accounts can have instant access to financial services. A person may be unable or reluctant to open a standard bank account for a variety of reasons. People who do not use traditional banking services may be able to send money to loved ones or transact online with ease using cryptocurrencies.

Security

No one can sign transactions or access your funds. Only if it has access to your crypto wallet private key. However, there is also no way to get your money back if you lose your private key.

Furthermore, due to the design of the blockchain system and the distributed computer network that verifies transactions, transactions are secure. The network becomes more secure as more processing power is added to it.

Security

Before the rest of the network can certify the accuracy of the ledger, any attack on the network and attempt to manipulate the blockchain would require enough computing power to confirm multiple blocks. Such an attack is not accessible for well-known blockchains such as Bitcoin or Ethereum.

Cryptocurrency account breaches often result from lax security on a centralized exchange. It is safer to keep your cryptocurrency assets in your own wallet.

Privacy

You can maintain some level of privacy when using cryptocurrencies because you don’t need to sign up for an account with a financial institution. Pseudonymous transactions mean that while your wallet address acts as a unique identifier on the blockchain, it does not contain any personal data about you.

In many cases having this level of anonymity can be beneficial. However, once a wallet address is associated with an identity, the entire transaction history becomes visible. To increase the privacy of cryptocurrencies, there are numerous approaches to further hide transactions, as well as a number of privacy-focused coins.

Transparency

On the widely used blockchain ledger, all cryptocurrency transactions take place. Anyone can use tools to look up transaction information, including where, when, and how much cryptocurrency is being sent from a wallet address. Also visible to anyone is the amount of cryptocurrency held in a wallet.

Transparency to this extent can reduce fraudulent transactions. A person can prove that they sent and received money, or that they have the necessary finances to complete a transaction.

Differentiation

Compared to conventional financial assets such as stocks and bonds, cryptocurrencies can offer investors diversification. Although there is no historical data on the performance of cryptocurrency markets in terms of stocks or bonds, so far the values ​​do not seem to be linked to those of other markets. They could be a great source of portfolio diversification.

Differentiation

You can get more stable returns by mixing assets with low price correlation. Your crypto asset can go up if your stock portfolio goes down and vice versa. However, if your asset allocation is heavily skewed towards cryptocurrencies, it can end up making your entire portfolio more volatile.

Inflation protection

Many believe that cryptocurrencies like Bitcoin and others can protect against inflation. The total amount of Bitcoin that will ever be produced has a hard cap. Therefore, the price of Bitcoin should increase when the money supply expands faster than the quantity of Bitcoin. There are many additional cryptocurrencies that use measures to limit supply and can serve as an inflation hedge.

Which cryptocurrencies can you buy in Greece?

In Greece, because the demand and the market in general are still in early stages, not all cryptocurrencies are available. For this reason, you should look into cryptocurrency exchanges that accept Greek users. One of them for example, is OKX.

So let’s see which cryptos we can buy easily.

Bitcoin

Bitcoin is the most popular cryptocurrency to buy in Greece.

Bitcoin (BTC), was created by Satoshi Nakamoto in 2009. BTC runs on a blockchain, which is a ledger that records transactions. At the same time it is shared across a network of thousands of computers, like most other cryptocurrencies. Bitcoin is designed to be kept secure and protected from fraudsters because updates to the distributed ledgers must be verified by cracking a cryptographic puzzle, a process known as proof-of-work.

Bitcoin

During its existence, the price of Bitcoin has soared and fallen as well. About €1 was the value of a Bitcoin in 2011. In November 2021, it had hit an all-time high of €64,000. At the time of writing, the price of one Bitcoin is around €24,500.

Ethereum

Some investors prefer Ethereum, a cryptocurrency and blockchain platform, because of its potential applications. These include so-called smart contracts that are automatically executed when certain conditions are met. Also applications such as non-fungible tokens (NFTs) are widespread.

Ethereum

The price of Ethereum has also gone through big swings. Its price increased from around €0.65 in 2016 to around €4658 in November 2021. At the time of writing, one Ethereum costs €1478.

Buy Altcoins

All cryptocurrencies except Bitcoin are referred to as Altcoins (alternative currencies). They are alternatives to both Bitcoin and conventional fiat money, hence their name.

In 2011 the first alternative currencies were introduced and today there are thousands of them. Early altcoins tried to improve upon Bitcoin’s features such as transaction times or energy efficiency. The functions of the latest cryptocurrencies vary depending on the goals of the developers.

Every cryptocurrency trader should be familiar with how altcoins work given their importance to the market.

Some of the Altcoins are divided as follows:

  • Stablecoins

Cryptocurrencies known as stablecoins are those that track the value of another asset. The majority of major stablecoins mimic the value of the US dollar by being pegged to it. The coin issuer will take steps to correct any price fluctuations.

Buy Altcoins

Stablecoins are usually not chosen as a cryptocurrency investment because they are designed to keep their value stable. Instead, Stablecoins are used to send money or save money. It is also possible to earn interest on stablecoins by lending them or through some savings protocols.

  • Mining Cryptocurrencies

This type of cryptocurrency uses mining to confirm transactions and increase the amount of coins available. Mathematical equations are solved by mining equipment. Usually, a block of transactions is verified by the first miner to solve the equation. Blocks that are verified by their miners earn cryptocurrency rewards.

Mining was the first technology used to process cryptocurrency transactions because Bitcoin is a mining-based cryptocurrency. The fact that mining uses a lot of energy is a disadvantage.

  • Based on staking (Staking Crypto)

Staking is a technique used by these cryptocurrencies to confirm transactions and increase the amount of tokens. A staking-based cryptocurrency offers holders the ability to stake their coins, which commits them to be used to process transactions. A participant is chosen by the cryptocurrency’s blockchain technology to validate a block of transactions. Participants earn cryptocurrency incentives in return.

Staking Crypto

Peercoin (PPC), an early altcoin, was the first to introduce the idea of ​​staking. Staking has gained popularity as it uses less energy than even though Peercoin has not become a household name.

  • Crypto Governance

By using voting rights, holders of governance tokens can influence the direction of a project. These tokens typically enable you to draft and vote on cryptocurrency-related proposals. Due to the fact that all holders have a voice and decisions are not made by a single central authority, this contributes to the currency being a decentralized initiative.

  • Investing in Crypto with NFTs

A non-fungible token, also known as an NFT, is a cryptographic token held on the blockchain, a distributed ledger system. As a result of their uniqueness, they are non-fungible, meaning that one NFT cannot be exchanged for another.

NFTs can be produced as photos, art, movies, and other digital assets, and the field is still relatively new. These are certificates of genuine ownership that are permanently recorded on the blockchain, except when a new party takes ownership.

Investing in Crypto with NFTs

They have also expanded into the gaming sector, with Axie Infinity, a well-known winning game, generating huge interest in the new sector.

  • Buy Cryptocurrencies with Play 2 Earn

Cryptocurrencies for profit are tokens, which are bought by investors with the intention of using them on special gaming platforms. The goal is to use them to play, and in return the rewards for the time someone has to play these games.

A prime example of such cryptocurrencies is Tamadoge.

Pros and Cons of Buying Cryptocurrencies

How to buy cryptocurrencies and in general which ones are suitable for you to buy, is not the only thing you should be concerned about.

In general, investing in cryptocurrencies has both positive and negative aspects.

Below we will separate the advantages from the disadvantages.

Advantages

  • Privacy of Personal Information

Give the merchant your credit card if you want to make a purchase from them and use your credit card to pay. To make a payment, you must provide the merchant with your PIN. Which approach do you think is the safest? Your pin is obviously very private and you are under no obligation to share it. Cryptocurrencies have no problem with this. Your private key is not required to be shared with anyone. No one will be able to read your payment information and it will never be leaked. Even the money you earn will be fully encrypted. It is the best option for making anonymous payments as a result.

  • Safe and fast transport

Cryptocurrencies are a major asset if you have them in your digital wallet. It’s easy to give it to anyone without their consent. To complete the transfer, you will need the recipient’s private key. There are no costs associated with the change of ownership, no tense situation will arise and no paperwork is required. Unlike other circumstances, such as transferring property or closing a bank account, you must complete a significant amount of documentation and pay a fee.

Pros and Cons of Buying Cryptocurrencies

  • Features of the Anti-Inflationary

Many currencies have lost value over time as a result of inflation. Almost every cryptocurrency has a set amount when it is first issued. There are only 21 million Bitcoins issued worldwide, for example. The number of each coin is defined in the source code. Because of this, as demand increases, so does its value, keeping pace with the market and ultimately preventing inflation.

  • Absence of mediation

The fact that Bitcoin is essentially decentralized is a key benefit. Many cryptocurrencies are controlled by the people who created them, who use them, who own a significant amount of the currency, or by a company that creates the currency before it becomes available to the public. Unlike fiat currencies, which are controlled by the government, decentralization keeps the currency monopoly free and under control so that no single entity can decide the flow and value of the currency. This, in turn, makes it stable and secure.

  • Regulated and Self-managed

The growth of any currency is greatly influenced by how well it is managed and maintained. Bitcoin developers and miners store transactions in exchange for a transaction fee. Because miners are paid for their work, they keep transaction records up-to-date and correct, maintaining the integrity of the coin and preserving the decentralization of the data.

Disadvantages

  • Potential involvement in illegal activity

The high level of confidentiality and anonymity of Bitcoin transactions makes it challenging for the government to identify any user from their wallet address or track their data. However, Bitcoin has historically been used for a range of illegal activities, including the purchase of drugs and weapons. In addition, some people use cryptocurrencies to convert their ill-gotten funds through a trusted intermediary, hiding the source.

  • High risk of loss

The lack of control and ownership of cryptocurrencies is the downside. If something goes wrong, there’s nothing you can do. You cannot protect your Bitcoin from being lost as a result of a technical problem in the wallet. No company controls this money, so you can’t make a claim. You cannot tell anyone about any problems you may be experiencing. So if you choose a wallet, make sure it has positive reviews and can be trusted. You should also be aware of the applicable cryptocurrency laws in your country before using cryptocurrencies.

  • Extremely uncertain market

The price of Bitcoin fluctuates widely. It can be very difficult to estimate the Bitcoin value change chart. It is impossible to predict whether prices will rise or fall. You must have strong analytical and research skills, as well as current knowledge of news and trends affecting the crypto market. When investing in cryptocurrencies, you need to be ready for anything.

  • No refund policy

The sender will not be able to get their money back if the parties disagree or accidentally sent it to the wrong wallet address. This can be used by many people to steal money from others.

How to buy cryptocurrencies safely

How to buy cryptocurrency and from where, is the first question. Second comes safety before buying cryptocurrencies. And as a third, it is more crypto is more suitable for investment.

We provide answers to these three key questions below.

Authorized and licensed Broker – Exchanges

First you should choose the right online cryptocurrency exchange. In Greece the most suitable is OKX followed by those of Binance and Coinbase. The reason is that these exchanges are fully recognized globally. They are popular for their reliability, the security they offer, and they are fully licensed.

How to buy cryptocurrencies safely

Choosing the right cryptocurrency wallet

To buy cryptocurrencies, you will next need the security that a crypto wallet should provide. The most secure cryptocurrency wallets are the so-called cold wallets using software, such as Trezor or Ledger . For these, you will have to invest an amount between €150 and €500, to buy them. You will always be sure that your cryptocurrencies are controlled only by you and are safe.

Wallets managed through exchanges are suggested as secondary solutions. Binance and Coinbase provide this kind of service.

As a third option we have the popular wallets of Metamask and Trust Wallet which are web wallets.

Choosing Right Cryptocurrency Wallet - Cryptocurrencies

Variability

Finally choosing the most cryptocurrency you should invest in is the last and equally important step. Try to choose cryptocurrencies based on daily trading volume. High trading volumes mean more preference for the token by investors. You can track the movement of trading volumes through CoinMarketCap or CoinGecko

With which payment methods can you buy cryptocurrencies?

The payment method or rather the way to exchange Fiat to Crypto can be done in several ways. Nowadays, the largest crypto exchanges accept the use of a debit or credit card to make transactions.

Also, the use of bank transfers is equally acceptable by all foreign exchanges.
As a third option, follow payments through famous electronic wallets such as PayPal, Neteller, Skrill and others.

Selling cryptocurrencies for profit

You buy cryptocurrencies with the intention of the investor making money. Below are some ways you can profit from crypto trading.

Buy and Hodl

One of the catchphrases of the community and many cryptocurrency fans is “HODL” or “hold for life”, the idea that one should just hold on to their cryptocurrency even in bad markets.

Holding is a practical, relatively low-risk approach that has the potential to deliver significant profits. Here, the difficulty is to prevent panic when others start doing it.

Buy and Hodl - Cryptocurrencies

All you have to do is decide which cryptocurrency you want to buy, hang onto it, and then sell it when it reaches a price you find attractive. You can start on platforms like OKX with as little as €50, but you can earn more if you spend more and sell at the right time, which is never easy. Keep in mind that the bigger your investment, the bigger the risk.

This method of earning money with cryptocurrencies is long-term and comparable to normal investment.

Lend your crypto

As with lending money at a fixed rate, you can also earn money with cryptocurrencies by lending them. Which cryptocurrency can be borrowed or used as collateral depends on the platform you choose.

Users can choose between centralized and decentralized sites for cryptocurrency lending. With centralized platforms, operations are managed and overseen by a single entity and user identities are verified.

While decentralized systems manage computers, they give users some degree of autonomy. Since all transactions on the blockchain are publicly available, it is up to the community to verify transactions as they operate on this platform. When it comes to interest rates, you can expect them to be either fixed or variable. A variable rate changes with changes in the market, while a fixed rate is applied to the loan amount.

Play games to win money

Blockchain games like Decentraland are likely familiar to you if you’ve heard of NFTs (non-fungible tokens). By rewarding players with tokens that can be traded for goods on the open market, these games have given players the opportunity to earn money just by playing.

Play games to earn Cryptocurrencies

Play-for-profit blockchain games can be the place to start if you are ready to invest some time and effort to play video games while earning money.

Cryptocurrency trading

The majority of Bitcoin traders make their money through trading digital assets. The idea is simple. You buy Bitcoins at a bargain price and then quickly sell them at a price higher than what you bought.

OKX offers simple Bitcoin trading if you haven’t already but want to give it a try. You can buy Bitcoin (BTC) on the home page. Decide how much you want to spend, your chosen currency and your preferred payment method.

This way is known as “daily trading” or Daily Trading , and requires knowledge of the market and charts.

The best crypto exchanges in Greece

After we have talked and analyzed everything about the cryptocurrency market, it is time to take a closer look at the 3 best crypto exchanges.

1.OKX – The most suitable exchange for beginners as well as experienced investors

Your gateway to the exciting world of digital currency is OKX Exchange . It is one of the largest cryptocurrency exchanges where you can trade, buy the best cryptocurrencies and sell a variety of digital assets. The user interface of this site ensures a great trading experience.

OKX – The most suitable exchange for beginners as well as experienced investors - Cryptocurrencies

The OKX exchange was founded in 2017, right at the height of the cryptocurrency speculation wave. At that time, there was a huge demand for a reliable and secure trading platform.

Star Xu, who will be CEO until 2023, founded it in 2017. It is headquartered in Hong Kong. Haider Rafique is the CMO and Hong Fang is the president. The OK Group, which also owns the Okcoin cryptocurrency exchange, is the owner of OKX.

According to trading volume, OKX Exchange has become the 5th largest cryptocurrency exchange worldwide. It has a remarkable global user base of over 50 million users.

Through calculated alliances, OKX Exchange not only climbed the ranks but also strengthened its position. It currently operates in various international markets including France, Hong Kong, the Bahamas, the United Arab Emirates and of course Greece.

OKX maintains offices in Silicon Valley, Australia, Hong Kong, Dubai, Singapore and Turkey. Brands and sports teams such as Manchester City, McLaren and the Australian Olympic Team are partners of this platform.

Trading on OKX is quite easy. The platform’s intuitive interface guarantees that even inexperienced users can navigate with ease. It is similar to navigating a carefully thought out map with obvious markers.

In simple words, the following reflects the image of the popular exchange:

Basic features

  • Platform Friendly Design – Simplicity is the design principle behind the layout. Also, finding the necessary instruments and information is simple.
  • Simplified Allocation – Controlling your cryptocurrency activity is simple. Plus, OKX makes things easy, whether you’re checking your portfolio, buying or selling.
  • Cryptocurrency Exchange and Trading – OKX Exchange’s capabilities extend beyond simple cryptocurrency trading. Its user base, which is global, has access to a wealth of features and services.

Visit OKX now[/button ]

2.Binance – The world’s first crypto exchange with the largest daily trading volumes

The world’s largest cryptocurrency trading platform, Binance has more than 120 million users. Founded in 2017 by Changpeng Zhao, Binance has quickly grown to become one of the most well-known and trusted exchanges in the cryptocurrency market.

Thanks to the user-friendly interface and reasonable fees, beginners can easily start trading on Binance.

The site is known for its wide variety of products and features and its high liquidity in more than 350 crypto assets. Over 150 countries around the world have access to Binance, which supports a variety of deposit options and fiat currencies. It is well regulated in 20 of these countries.

Binance – World's First Crypto Exchange With Largest Daily Trading Volumes - Cryptocurrencies

The needs of both beginners and experienced traders are covered by Binance.

We provide a detailed overview of the various features and services offered on the Binance platform in the list below.

Basic features

  1. Buy and trade over 350 cryptocurrencies including Litecoin, Bitcoin, Ethereum and Binance Coin.
  2. Access up to ten markets including spot trading, margin trading, options trading and derivatives trading.
  3. Use 8 different betting strategies with fixed and variable terms to earn returns.
  4. To buy tokens, you can deposit 27 different fiat currencies.
  5. Spend any of the supported Binance tokens on your Binance VISA card to get 8% cashback in BNB.
  6. Crypto Loans allow you to use your cryptocurrencies as collateral to borrow other digital assets.
  7. Through the P2P market, you can buy and sell specific tokens.
  8. By completing lessons and quizzes, users of Binance’s “Learn & Earn” feature can earn free tokens.
  9. Buy BNB (Binance Coin) to reduce the platform’s transaction, deposit and withdrawal costs.
  10. Through Binance’s NFT market, you can invest in NFTs.
  11. Use Binance’s “Auto-Invest” feature to automatically trade and accumulate tokens.
  12. Binance Academy is a blog that contains educational material about Binance, DeFi, NFTs and cryptocurrencies.

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Your money is at risk.

3.Coinbase – The largest crypto exchange in the US with security and regulatory compliance

The leading cryptocurrency exchange in the US, Coinbase, provides a variety of services including trading, staking, buying NFTs and more.

Powerful features like a DeFi wallet and crypto card are offered by Coinbase. It is known for its safety and compliance with regulations.

It offers a comprehensive crypto experience, 24/7 customer support and educational tools despite the increased fees. Plans for the future show a steadfast commitment to decentralization and innovation within the Ethereum community.

Coinbase – The Largest Cryptocurrency Exchange in the US with Security and Regulatory Compliance - Cryptocurrencies

The variety of options that Coinbase provides to its users has helped establish it as a leading crypto platform. Some of the main features and services are listed below.

Basic features

  1. Cryptocurrency Exchange – With over 250 cryptocurrencies, Coinbase provides a retail-friendly cryptocurrency trading platform. They charge a hefty fee of 1.49% and an additional 1% in spreads.
  2. Coinbase Pro – A sophisticated trading tool for investors who are comfortable using an order book is called Coinbase Pro. With a fee of 0.6%, this is a more affordable option for trading.
  3. Cryptocurrency Wallet – Coinbase DeFi wallet users can interact with programs like AAVE, Uniswap, Compound and more.
  4. Cryptocurrency Staking – With Coinbase Staking, you can earn up to 6% APY on assets like Ethereum (ETH), Avalanche (AVAX) and more.
  5. Bitcoin One – Offering services to institutional investors seeking specialized OTC and custody solutions.
  6. Market for NFTs on Coinbase – An Ethereum-backed NFT market offering a curated selection of OpenSea collections.
  7. Coinbase Base – A brand new Layer 2 standard introduced by Coinbase and based on the Optimism network.
  8. Crypto Card – A Visa debit card that allows you to make purchases with any cryptocurrency and get cash back.

Conclusion

How to buy cryptocurrencies was the topic we thoroughly covered in our today’s article. We have also listed other important factors that you should consider before buying cryptocurrencies.

Buying cryptocurrencies and investing in crypto always requires research and proper knowledge before investing your funds.

This article contains exactly what someone needs in order to safely start their crypto investments.

You are always advised to do your own personal research before proceeding further.

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Bibliographic resources

Νεστερένκο Ιουλία

Νεστερένκο Ιουλία

Η Ιουλία Νεστερένκο είναι αρθρογράφος με έμφαση στις χρηματοπιστωτικές αγορές, τα κρυπτονομίσματα και τις τεχνολογίες Blockchain. Έχοντας περισσότερα από 10 χρόνια εμπειρίας στοχεύει να παρέχει ακρίβεια και διαφάνεια σε όλα τα άρθρα της.