For the past two months, I’ve been investing in cryptocurrencies. One of the biggest learning curves, in my opinion, has been how to purchase cryptocurrency. I’ve run across some people that will gladly sell you bitcoin for a fee of 20%. You may be lucky enough to live near a bitcoin ATM. Even those ATM’s get an average of 7%. You also have some places that artificially inflate the value of bitcoin by hundreds of dollars.
Though my research, I’ve found that Coinbase is the service I like the best. They are a solid company which sells cryptocurrency at fair market value. They have an intuitive interface both on their website and with their phone app. Their fees are reasonably priced. One of the complaints I have is that a purchase using ACH takes longer than I feel it should at 7 or 8 days. Using a credit/debit card is instant, but has a lower weekly limit. While I may not like the constraints, these are safeguards in trying to prevent money laundering.
At the time of this writing, you are able to buy Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) through them. Here is a video on how to sign up and purchase cryptocurrencies at Coinbase.