Blockchain-born assets were initially conceived as a means of giving the “mortals” – regular people a means of conducting transactions freely on a peer-to-peer basis without the involvement of all kinds of intermediaries, like services or even the authorities. The immutable nature of the underlying blockchain ensured that transparency and security were guaranteed for every user, while the clear-cut nature of interface commands allowed anyone to access the digital assets stored on their wallets. The wallets themselves acted as access points, giving users a single point of reference when it came to receiving or transferring assets. More importantly, e-assets were intended as a means of payment that could be valid as tender for everyday products and services. Naturally, such a method of value transfer would have become extremely convenient for both average users and merchants who could avoid paying high commissions on acquiring to banks and other services. But ‘would’ is the keyword here.
In order to create a decentralized payment network and an entire ecosystem of transactions for the people by the people, as the original Bitcoin White Paper had stated, it turned out that a huge amount of money was necessary. And where there’s money involved there’s profiteering and speculation along with racketeering, fraud and even crime. As unfortunate as it may be, but the cryptocurrency market did not become known as a space where the average Joe could buy or sell their offering for digital assets free of oversight on the part of the authorities or the involvement of intermediaries. Instead, it became better known for fraud and scams. Eventually, the vast sums of money paid for e-assets were diverted to the needs of various blockchain project founders, dissolving in fiat and thrusting the entire decentralized gizmo industry into turmoil.
How to Acquire Cryptocurrency
There can be hardly anything difficult about buying a cryptocurrency of choice. All one needs to do is conduct some research and select an exchange that would suit their liking. Luckily, such exchanges are numerous and allow users to connect any number of fiat payment gateways. Note fiat payment gateways, since it is impossible to conceive this space without fiat. Why? Because e-assets themselves can be construed as worthless outside of the blockchain and the trading arena as instruments of speculation.
In order to buy some cryptocurrency, all that would be needed is to connect a bank card and start depositing funds into the exchange wallet they have chosen. Once the deposit is made, the next step is to redirect to a trading venue of an exchange to select the assets they wish to buy and the amount. Luckily, the abundance of choice is staggering and users will find it extremely enticing to buy all of the kinds they encounter. The choice of coins and tokens is truly broad, but few of them deserve attention. In order to retain the value of the acquired assets and maybe even watch them grow, one has to conduct some serious research and discover the potential of the myriad e-assets roaming the digital space out there.
Key Takeaways
Few things are easier than acquiring cryptocurrencies. All one has to do is connect a bank card to some digital platform and select the e-asset of choice. However, the ensuing actions of the user will determine whether the acquisition was a good investment or not.
