To embark on your altcoin buying journey, the first step is selecting a reliable cryptocurrency exchange that supports USD transactions. Consider factors like fees, security, and user experience before making your choice. Some popular platforms include:
- Coinbase – Known for it’s user-friendly interface.
- Binance - Offers a vast selection of altcoins.
- Krakens – Noted for its strong security measures.
Once you’ve chosen an exchange, create an account by providing the necessary information and verifying your identity. After that, you’ll need to fund your account with USD. This can often be done through various methods such as bank transfers or credit/debit cards. Here’s a fast overview of the funding options:
| Funding Method | Processing Time | Fees |
|---|---|---|
| Bank Transfer | 1-3 business days | Varies by bank |
| Credit/Debit Card | Instant | 2-5% |
| PayPal | Instant | Varies |