Instructions for beginners on how to buy cryptocurrency in various ways right now and where to start


Today the editorial staff of will tell you how to buy cryptocurrency for a beginner. There are many ways, some of them are very simple and really suitable for beginners, others are more often used by experienced users. One way or another, first of all, we advise any user to think about choosing a wallet where the cryptocurrency will be stored. The wallet is needed in order to receive the address of the deposit of coins. It is recommended to store cryptocurrencies in a secure wallet under your own control, and not on third-party sites.

What cryptocurrency to buy for a beginner

At the moment, there is a transition to the altcoin season on the crypto market. This means that after the rapid growth of Bitcoin, this cryptocurrency has stabilized somewhat, and instead of it, other coins show a strong upward trend. CEO Andrey Podolyan compares this period to the crypto boom of 2017 – “whatever you buy, grows.” However, this does not mean that you need to invest rashly, since growth may end at the most unexpected moment, and a fall will follow.

What other promising coins are identified by experts:

✅   Ethereum (ETH)

✅   Trust Token Wallet (TWT)

✅   Beefy Finance (BIFI)

✅   Litentry (LIT)

✅   Litecoin (LTC)

✅   Bitcoin Cash (BCH)

✅   Monero (XMR)

✅   Dash (DASH)

✅   Monero (XMR)

✅   Zcash (ZEC)

✅   Polkadot (DOT)

✅   Cosmos (ATOM)

The last four assets are supported by blockchain platforms and are now being rated as a serious threat to Ethereum. As for Ethereum itself, opinions are controversial – perhaps the coin will continue to grow for some time, but most likely it is already at its peak.

In addition, experts (in particular, UTEX analyst Fedor Anashenkov) advise paying attention to DeFi tokens of projects like Maker (MKR), Uniswap (UNI), Compound (COMP). However, these assets are at the same time high-risk, so only a part of the investment portfolio needs to be allocated to them.

How a beginner can buy cryptocurrency

1. Cryptocurrency exchangers

This is perhaps the most obvious option from the existing ones – the service allows you to quickly buy coins using a card or electronic wallet without creating unnecessary accounts and without confirming your identity.

Instructions for buying cryptocurrency through the exchanger:

  1. Find a reliable exchanger with a good reputation using BestChange, KursExpert or other monitoring.
  2. Create an account if you plan to continue using the service.
  3. Indicate which currency you want to give and which one to receive.
  4. Enter the card / wallet number from which you will pay for the application.
  5. Enter your cryptocurrency wallet address.
  6. Create an application. The exchanger will provide you with the details to which funds should be transferred, as well as set a time limit during which this should be done.
  7. Make a payment strictly from the previously specified card / EPS to the issued details.
  8. Click the “Paid” button or similar
  9. Wait for the cryptocurrency to be transferred back to you. The status of the application is monitored in the personal account, and letters can also be received by e-mail about the status of the application.

Examples: Prostocash, 60cek, Xchange,, MChange, Enter Change, Kursov24

2. Cryptocurrency exchanges

It is somewhat more difficult for a newcomer to buy a cryptocurrency on the exchange, but these platforms allow in the future to use assets for trading, to buy and sell them at any time based on the market situation.


  1. If the site requires it, then go through account verification. Recently, this requirement has been encountered very often, which is associated with increased control by regulators and the fight against money laundering / terrorist financing (exchanges without mandatory verification).
  2. Top up an exchange account with fiat funds (rubles, dollars, hryvnias, etc.). Payment methods are individual for different exchanges, but Visa / Mastercard are almost always supported.
  3. Buy the required cryptocurrency, which will be credited to the account instantly after the exchange.
  4. Withdraw the cryptocurrency to your wallet if you do not plan to make trading operations with it in the near future. Storing on an exchange is unsafe, even if we are talking about the sites with the best reputation.

Examples: Binance,, Huobi, EXMO, FTX

3. Payment systems

Working with electronic payment systems (EPS) is another convenient way for a beginner to buy some popular cryptocurrencies (BTC, ETH, etc.), including for rubles. They, as a rule, do not provide a large selection of cryptocurrencies, but they allow you to instantly and at no extra cost to exchange assets.

Instructions on how to buy a newbie cryptocurrency through EPS:

  1. Register in the payment system, if necessary, confirm the account.
  2. Add assets to the account. There are usually many fiat payment methods supported, including cards.
  3. Go to the conversion section and instantly exchange fiat for the desired cryptocurrency. In addition, for example, Payeer EPS also provides an exchange option through a cryptocurrency exchange. And AdvCash allows you to link an account with an account on the Binance exchange and purchase cryptocurrency and credit it directly to an exchange account through a payment gateway.

Examples: Payeer, AdvCash, Capitalist

4. p2p exchangers

This type of exchange allows a beginner to buy cryptocurrency by almost any payment method and without the participation of intermediaries – that is, with minimal costs and a high level of security. You will transfer fiat money directly to the seller without crediting it to the exchange account.

Instructions on how to buy cryptocurrency for a beginner through a p2p exchanger:

  1. Create an account and go to the section called “Buy”. It contains all currently active ads from users who want to sell their coins.
  2. Select a suitable offer using filters and paying attention to the number of successful seller’s transactions. In order not to wait, choose those who are online now and have the lowest average response time.
  3. Go to the deal page and create a request.
  4. Transfer fiat to the seller’s details, which he will write to you in the chat.
  5. Press the button confirming that you have made the payment.
  6. Wait for the cryptocurrency transfer from the seller.

Examples: Binance P2P, Bitpapa, LocalCryptos, Paxful, Cryptolocator

5. Wallets

Services for storing cryptocurrencies can also be suitable for their purchase by beginners. The main thing is to choose a wallet that will combine reliability, security and support for the desired purchase methods.


  1. Install the wallet on a computer, laptop or mobile device – there are application options for all platforms, in addition, there are wallets that work from the browser without installation.
  2. Go to the section usually called “Buy Cryptocurrency”.
  3. Choose a purchase method – for example, a bank card.
  4. Enter the amount you want. The wallet will automatically recalculate how much it will be in the selected cryptocurrency.
  5. Go to the website of the payment provider and confirm the operation.

Examples: Trustee Wallet, Trust Wallet, FreeWallet

6. Telegram bots

Telegram bots are ideal for beginners who actively use the messenger and do not want to register at various sites. They can be supplied by exchangers or p2p-exchangers, and depending on this, the order of exchange is slightly different.


  1. Add the contact of the desired bot to Telegram. Since there are a lot of attackers, it is best to copy the bot’s address on the site that supports it.
  2. Launch the bot, select the “Buy” function, or specify the payment direction.
  3. Explore offers and courses, express your agreement to the terms.
  4. Pay for the created application, receive the purchased cryptocurrency

Examples:: @BZ_CHANGE_BOT; @Chatex_bot, @BitpapaExpressBot

7. Crypto ATMs

Finally, a beginner can buy their first cryptocurrency directly with cash or from a card through a device such as an ATM (ATM for cryptocurrency). In large cities in most countries, you can find such devices, usually they are located in large shopping centers or other busy places. To find the nearest cryptomat, you can use the card, but in advance you should take into account that there are quite a few such devices.

Buying cryptocurrency through a cryptocurrency ATM is straightforward if you follow the instructions on the screen carefully. You will need to select the desired crypt (only the most popular options are supported), specify your wallet address and deposit the amount. Be sure to take a receipt.

Cryptocurrency storage

A little about which cryptocurrency wallet to choose for a beginner in order to secure their coins.

I must say that wallets are non-custodial and custodian – the former allow you to personally keep the keys to your savings, while the latter offer to trust them in this matter. Although the second option for beginners is usually simpler and clearer, we would recommend staying with the first option, especially if you are buying a large amount. You may need to spend a little time understanding the work, but you will protect the assets.

In addition, services are classified according to other parameters: they can be mobile, desktop (downloaded to the device), online (work from a browser), hardware (physical device), paper (keys printed on a sheet). Hardware wallets provide maximum security, but are less convenient for everyday transactions, with software wallets the opposite is true. It is best to combine both options depending on the situation. Examples of hardware wallets are Trezor, Ledger. Examples of software non-custodial services are Exodus, Trustee Wallet, Edge, Coinomi, Atomic.

Taxation of cryptocurrencies

According to the new law “On Digital Assets“, which entered into force in the Russian Federation on January 1, 2021, owners of digital assets are required to report to the Federal Tax Service on crypto transactions if their volume is above a certain level. It is instructed to report the ownership of cryptocurrencies no later than April 30, 2022. Declarations must be provided by all persons whose annual transactions with cryptographic coins exceed 600 thousand rubles. At the same time, the same tax is applied to the cryptocurrency as to the income of individuals, that is, 13% (or 15%, if exceeding 5 million rubles per year).

Conditions may vary in other jurisdictions. So, in the Republic of Belarus, cryptocurrency is not taxed until 2022.

Video about taxes on cryptocurrencies and mining in Russia:


From all of the above, we can conclude that it is not at all necessary to be a professional or to understand IT technologies to buy a cryptocurrency. It is enough to act carefully and take into account the nuances of operations with cryptocurrencies and their storage. Today in this industry there is a clear desire to expand the circle of users, so each service provides detailed instructions and reference materials that will help even a beginner navigate.

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