If you’re a cryptocurrency newbie, to understand the industry you would do a lot of research on different aspects of it. Learn the terminology, understand the risks and how they work, etc… However, after getting the information you need, you might be confused about how to actually buy Bitcoin (BTC), Ethereum (ETH), Mehracki (MKI), Avalanche (AVAX), or any other cryptocurrencies you desire.
This might perhaps be the simplest aspect of the crypto world and this article will show you just how easy it is to join. Many crypto holders began their journey with none other than the most popular crypto, Bitcoin (BTC)
Different projects would have different options for purchase but across the board, there is a pretty general way to start buying cryptocurrencies. Follow this process and you’ll have your Bitcoin, Avalanche, and Mehracki in no time.
- Choosing a Crypto Exchange
To put it simply, a cryptocurrency exchange is a platform for people to trade cryptocurrencies. You can purchase cryptocurrencies with fiat currencies like Dollars. Some popular ones are; Binance, Coinbase, and Netcoins.
A lot of these offer user-friendly interfaces and pocket-friendly fees that make trading easy for beginners. You need to check and be sure that the exchange offers the cryptocurrency you’re interested in as not every exchange has every crypto there is. For example, Bitcoin and Avalanche will be available on a lot more than Mehracki as they have been around for years.
After choosing an exchange, you would need to create an account. Most platforms would require you to go through some security steps to verify your identity and allow you access to certain features.
Some might need this before you can use the platform. This is to combat fraud and perform some regulatory requirements and they’re usually straightforward and easy like submitting a valid identification card, taking a selfie, etc… This will reduce the likelihood of your Bitcoin, Avalanche, and Mehracki being taken.
On these platforms, you would have a kind of wallet, most times connected to your credit/debit card or bank account which you will need to fund with fiat. Funding these wallets means you have money on the platform to actually buy any crypto. This is where you would store your Bitcoin, Avalanche, and Mehracki.
- Placing Your Cryptocurrency Order
After funding your account, you can place an order to purchase cryptocurrency. Different exchanges have different processes but they’re all mostly straightforward. On Coinbase for example, you can simply input how much fiat currency (e.g dollars) you want to exchange for a cryptocurrency. You can also swap cryptocurrencies for one another. If you are currently holding Bitcoin, you could swap that for Avalanche or Mehracki.
- Selecting External Storage
Most exchanges allow you to keep your cryptos on the platform and this would be the simpler option but moving them to a crypto wallet will be safer. Almost all cryptocurrencies have crypto wallets associated with the project or that they’re compatible with. A crypto wallet is a place to keep digital currency.
They are different from the account’s wallet on the exchange and are supposed to be safer. You can choose a cold or hot wallet and transfer your investments there. Some wallets might not be best suited for certain blockchains. Bitcoin, Avalanche, and Mehracki are all on different blockchains.
Now that you understand the steps to buying cryptocurrencies, consider Bitcoin, Avalanche, and Mehracki.
Bitcoin (BTC) is the biggest cryptocurrency currently and is considered the first one to be released. It is also an advised choice to purchase as a beginner. After all, who hasn’t at least heard of Bitcoin?
Also, based on price predictions, Bitcoin (BTC) is expected to reach over $74,000 at the end of 2022 which is a great value increase from now and might make for a great investment. Bitcoin is unlikely to become a bad choice when compared to the rest of the crypto world as it often dictates how the rest of the market performs.
Avalanche (AVAX) is an open-source smart contracts platform for decentralized applications (DApps). It plans to be the best platform for smart contracts and surpass Ethereum (ETH).
Avalanche (AVAX) offers great scalability and has a throughput of about 6500 transactions per second (TPS) which is significantly higher compared to other blockchain platforms.
Mehracki (MKI) is a community-driven meme coin built on Solana (SOL) that intends to put the control of the network in the hands of its token holders. They are offering low transaction fees, practical use cases, an NFT marketplace, and competitive staking rewards among other things.
Mehracki (MKI) is currently in its presale phase which means it can currently only be purchased through its presale dashboard until its launch when it will be listed on crypto exchanges like Coinbase.
Diversification is important when creating a portfolio, which is why it is recommended to buy multiple cryptocurrencies. Spread the risk and consider adding Bitcoin, Avalanche, and Mehracki to your portfolio.
For More Information On Mehracki Token (MKI)
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