What will be cryptocurrency collectors called?

Really, what? Collectors of coins are called numismatists. Collecting banknotes is called bonistics. And those who are keen on collecting cryptocurrencies may be called cryptocoinists.

Now there are already about 1,550 kinds of cryptocoins and tokens. Among them are rarities, and those tokens that are practically not in demand today. And there are still interesting types, released in limited edition because the creators of the project fled with the money of investors. By the way, a month ago 1600 coins were on the list. About 50 crypto-currencies have disappeared, leaving a trace on only some sites or screenshots.

Of course, cryptocoins are not exactly coins. They have no obverse, no reverse, no edge. And it’s difficult to “show them off”. A set of figures in a multi-currency wallet will not be appreciated by anyone. But when did it stop collectors?

One of the Russian bloggers-numismatists wrote that giving in to the excitement around bitcoin, he found a coin on the Chinese site at a price less than a dollar apiece. He ordered two bitcoins, one for himself and one for his cat. While the parcel was underway, he was very worried, seeing how the rate falls. When the parcel with coins came, the cat was displeased that bitcoins were not real.

Pay attention to cryptomoney! All coins have names and an abbreviation, they also have their own graphic representation. They differ in purpose and number of fractional units, in hash functions and consensus algorithm. Their protocols have beautiful names. They have many differences and unique properties.

Resources for exchanging cryptocurrencies exist and function for a long time or a long time there exist and function. No black market. No fakes and copies. It’s impossible in the blockchain.

If I managed to interest you, then you most likely want to know where and how to buy cryptocurrency in Canada. Below you’ll see ICO Pulse recommendations on this matter.

How to buy cryptocurrency in Canada

At the very beginning of the path, there is only one way to buy cryptocurrency – for real money. For a beginner, a non-cash option is preferable. But cash cannot be discounted.

For the first purchase, choose one of the top-level cryptocurrencies. These include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Monero, Dash, Ripple and some others. They are the most popular and you can easily exchange them for the coin you are interested in.

Multicurrency wallet

Before buying it is necessary to have a wallet, where the purchased cryptocurrency will be delivered and stored. In terms of using a large number of types of cryptocurrency, the mobile version of the Coinomi wallet is very suitable.

To its merits integration with the cryptoexchange can be added. That is, you can exchange one coin for another directly in your application. It is convenient, safe and profitable.

ATMs for sale of cryptocurrency

Cash can be used for buying a cryptocurrency through ATM or on exchanges. The nearest to you can be found on the map with the help of the resource CoinATMRadar.com.

There is nothing complicated in this method, just follow the instructions – and you will become the owner of the cryptocurrency.

State to exchange online

These resources include sites where you can buy cryptocurrency for fiat money or for another cryptocurrency.

As fiat money cash, wire transfers and electronic payment systems like PayPal.

The most popular and reliable is Peer-to-Peer service – Localbitcoins.net. Admittedly, mostly bitcoins are sold there. But this coin is number 1 in the cryptoworld and for it, you can buy any of the existing cryptocurrencies. Now there is an opportunity to buy also Ethereum, Litecoin, Monero, Dash, Ripple on this site.

It is good for many reasons. First, it allows you to find a seller near you.

Second, here you can use for payment cash, bank transfer or electronic payment system.

Third, the platform uses a transit account to ensure transactions. Cryptocurrency is kept there until the seller receives fiat. As soon as this happens and is confirmed, the coins are sent to the other party. If the seller did not receive the money, the transaction is canceled and all coins are returned to the owner.

Fourth – there is a system of seller ratings based on the success of their transactions. The buyer can choose a reliable partner to minimize risks. In addition to this, Localbitcoins introduces a verification system for permanent sellers, which will provide customers with additional protection.

Cryptocurrency brokers

Another way to buy cryptocurrency is to use a special brokerage platform. For example, CryptoGo.com.

CryptoGo is available from anywhere in the world (although there may be restrictions in some of the US states).

On this resource, you can buy a large variety of cryptocurrencies for all kinds of fiat money. The minimum purchase amount is $ 1, the maximum amount is not limited.

The interface CryptoGo is easy to use, it fully complies with the informal Internet standard ELI5 (Explain Like I’m 5). Thanks to this, you will not get confused and make mistakes. You do not need to learn anything, unlike on the websites of cryptoexchanges. Just choose the desired coin. The resource will show how much you need to pay.

Since CryptoGo is integrated with large exchanges, the platform has liquidity reserves, which are used to quickly execute orders.
To purchase cryptocurrency, you can use wire transfers, your credit or debit card, electronic payment systems, such as PayPal.

The process of registration and verification on CryptoGo is quite simple, unlike other exchanges. The resource assigns a personal manager to everyone who creates an account on their platform. The manager is helping the client around the clock.

Among the disadvantages of CryptoGo, the lack of a mobile application and the inability to buy cryptocurrency for cryptonyms can be called.

But this resource is not the only one and you can choose another one, for example, BuyVirtualCurrency.co.uk or Bitpanda.com. There are also others.

Cryptoexchanges

These sites are designed to sell or buy cryptocurrency. Many of them are universal and give the opportunity to make transactions in both crypto-fiat, and crypto-crypto pairs. But there are some that do not allow the use of fiat money.

Exchanges are created to organize cryptotrading in a similar way to operations on traditional exchanges (stock, commodity, currency etc.). Therefore, they have a complex system for checking new customers and an interface that is not easily understandable for beginners. Cryptocurrency purchase at such a resource is not simple at all and is far from ELI5. Such sites include Coinbase, Bitfinex, Kraken and others.

Some of these exchanges provide an opportunity to simply buy a cryptocurrency. So does the platform Cex.io.

In the list on the exchange, there are only 8 cryptocurrencies available. But these are the most popular ones, which can easily be changed to any other coin.

Just choose how many desired coins you want to buy and click Buy.

Summary

In Cryptocollecting as well as in numismatics, there are certain specifics. But there are some common features. These include the acquisition. To get either a coin or a token, you need to buy or exchange it.

And you know for sure how it is done with real coins, and I’ve told you a bit about the crypto-currencies above.

To summarize, I remind you that first of all you have to install an application on your smartphone or computer, which is called a multi-currency wallet.

Then you can start shopping. To do this, in the beginning, you will have to use fiat money in any form. Choose one of the sites described in the article and follow the instructions.

Good luck in collecting!