Identifying Where to Buy Cryptocurrencies
When you’re learning about and researching a certain cryptocurrency, it can be hard to find out where to buy it.
You won’t often find crypto projects’ websites and blogs telling you where to buy their native cryptocurrency. They have more important things to focus on—like building their platform, protocol or app.
Below, we teach you how to find where to buy a cryptocurrency you’re researching. We cover several popular websites as well as some apps that let you do this.
Finding Where to Buy Cryptocurrencies
There are thousands of crypto exchanges out there. Each of them lets you buy and sell different cryptocurrencies. If you have an account with CoinSpot, for example, you may want to buy a cryptocurrency they don’t have.
So how do you find out what crypto exchange to go to?
By going to certain websites and apps that give you a list of all the exchanges that offer a certain cryptocurrency.
Below, we show you how to do this on some of the most popular websites. (If you’re on mobile, we also mention some apps you can download that also let you find where to buy cryptocurrencies.)
Read: How To DYOR On Cryptocurrencies
CoinGecko is a widely used resource for finding where to buy cryptocurrencies. The CoinGecko website tracks over 6,000 cryptocurrencies and over 400 exchanges, making it an easy way to find key information on that cryptocurrency you’re after.
Once on the homepage, you’ll see a list of top 100 cryptocurrencies by market cap. You can either look manually for the cryptocurrency you’re after or just simply use the search bar.
Let’s say you’ve learnt about Bitcoin and now want to buy bitcoin (BTC). From CoinGecko’s homepage, what you’d do is click or tap ‘Bitcoin’. Once on the Bitcoin page, click ‘Markets’.
Once you’ve done that, you’ll see all the crypto exchanges you can buy BTC on. If you choose to buy BTC, all you’d do is select an exchange from CoinGecko’s list, sign up and buy BTC.
CoinMarketCap is one of the largest crypto websites out there. It’s the most referenced price-tracking website for cryptocurrencies and has deep information on individual cryptocurrencies. You can use CoinMarketCap to track, analyse and find where to buy thousands of cryptocurrencies.
Let’s say you’ve learnt about Ethereum and now want to buy ether (ETH)—which is the cryptocurrency native to the Ethereum blockchain.
When on the CoinMarketCap homepage, you’ll see a list of the most popular cryptocurrencies by market cap—similar to CoinGecko. Simply click on ‘Ethereum’ under the ‘Cryptocurrencies’ tab. (You could also type ‘ETH’ in the search bar and click ‘Ethereum (ETH)”.)
When on the Ethereum page, click the ‘Market’ tab.
You’ll then see a list of exchanges that you can buy ETH on. If you choose to buy ETH, all you’d do is select an exchange from CoinMarketCap’s list, sign up and buy ETH.