Buying, storing, and transferring cryptocurrencies is still a more complex task compared to the traditional payment systems most people are used to.

In this article, we will explain some key things you should know before choosing a cryptocurrency purchasing platform, along with our personal recommendations.

⚠️ This article is intended for informational and guidance purposes only. It does not constitute financial advice, and we do not take responsibility for any potential losses or damages resulting from the use of this information.

If you are new to cryptocurrencies and/or are unsure which cryptocurrency you should use for your purchases, please visit our article "Which cryptocurrency should I use?" before continuing.

One of the advantages of buying with cryptocurrencies is the possibility of making transactions anonymously and privately, since neither the buyer’s nor the seller’s personal information is required. However, nowadays and for legal reasons, many platforms that allow you to buy and store cryptocurrencies require customers to complete an identity verification process, also known as KYC (Know Your Customer).

Just like opening a traditional bank account, KYC is a secure and regulated process that uses your official documents and photos or videos to verify your identity and ensure it is truly you opening the account.

We understand that this process can be uncomfortable for some people, especially those who value privacy or are just starting out with cryptocurrencies.

While it is possible to buy cryptocurrencies on some platforms without KYC, we do not recommend this for inexperienced users, as the purchase process can become more complicated, and many of these platforms use decentralized dispute solutions that may be more vulnerable to scams.

If identity verification is not an option for you and you accept the potential risks, we recommend reading our article on where to buy cryptocurrencies without KYC.

If you are comfortable with KYC and prefer the added security, please continue reading.

The following platforms allow you to buy, store, and transfer cryptocurrencies similarly to a traditional bank account. Please note that all of them require some form of KYC.

The cryptocurrencies you purchase will remain in your account until you decide to transfer or sell them.

• Supports a wide range of cryptocurrencies.

• Buy cryptocurrencies directly with a debit or credit card.

• Requires extensive KYC and some waiting time before you can access all platform features including purchase.

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• Supports a wide range of cryptocurrencies.

• Buy cryptocurrencies directly with a debit or credit card in some regions.

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• Supports:

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Solana (SOL)

  • TON

  • USDT

  • USDC

  • Monero (XMR)

• Buy cryptocurrencies directly with a debit or credit card in some regions.

• Buy cryptocurrencies via peer-to-peer with multiple payment methods.

• Supports:

  • USDC

  • USDT

  • PYUSD

  • DAI

• Buy cryptocurrencies directly with a debit or credit card in some regions.

• Buy cryptocurrencies via peer-to-peer with multiple payment methods.

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Rewarble is a platform where you can redeem Rewarble gift card codes and use the credited balance for a wide variety of services, including payments to crypto wallets.

• Here, you do not buy, store, or transfer cryptocurrencies directly.

• You purchase a gift card from any authorized distributor using a debit/credit card or other payment methods.

  • Redeem the code and use the balance on the "Buy Crypto" page (Only available after login).

  • Specify the amount and the wallet address, and you’re done.

• Supports:

  • Litecoin (LTC)

  • Dogecoin (DOGE)

  • Tron (TRX)

  • And more.

For additional information, please visit our article about Rewarble.

Buying, storing, and transferring cryptocurrencies has a learning curve that may seem difficult at first. However, after your first successful payment, the next ones will be even easier.