Bitcoin (BTC) has been reigning as the top-performing asset for a 10-year period in the past few years. The most notable one was in 2021 when it reached its all-time high price of $68,789.63 on November 10, 2021, a massive leap from its peak price of $29.6 in 2011.
And since the crypto market has been slowly picking up the past few weeks, many people find BTC and other cryptocurrencies more attractive nowadays. Having said that, if you're interested in buying crypto, whether as a potential long-term investment, an asset for trading, or an alternative payment method, this how to buy cryptocurrency article can help.
Disclaimer: Not financial advice
What Is Cryptocurrency?
Cryptocurrency, or crypto, is a digital asset that you can use as an investment option or payment method. It operates using blockchain technology and uses cryptography for security. Unlike cash, such as the U.S. dollar or euro, cryptocurrencies are usually decentralised, meaning they’re not controlled by any government or central authority.
The value of crypto is determined by market supply and demand, which can be influenced by various factors.
Where Can I Buy Cryptocurrency?
You can buy crypto through various means, including crypto payment apps, crypto exchanges, crypto automated teller machines (ATMs), and more. One good option is the Ka. Web App, a crypto payment platform and wallet. It has integrated the Web3 financial infrastructure Ramp, so you can quickly buy crypto using your credit/debit card, or a wire transfer.
How to Sign Up on the Ka. Web App
A prerequisite of buying crypto is having a digital wallet where you can store your assets, so we’ve laid out a step-by-step guide on how you can sign up for a Ka. Web App account below.
- Go to https://my.ka.app/signup
- Select your country.
- Enter your email address.
- Click the verification link sent to your email.
- Set a PIN code.
- Enter your name and date of birth.
- Click continue and your account is ready!
How to Buy Crypto on the Ka. Web App
To buy crypto on the Ka Web App, you can either make a payment using your credit/debit card or opt for a bank transfer. Here's the process:
- Go to https://my.ka.app/login to access your account.
- Once you’re on the home screen, click the “Buy” icon.
- Select the crypto you want to purchase (e.g., BTC).
- Select the currency you want to use for payment (e.g., euros)
- Click “Proceed.”
- Choose your payment method via Ramp. Your options include instant bank transfer, manual bank transfer (up to two business days), or using a credit/debit card.
- Enter the required information (i.e., your card details).
- Confirm the purchase with your PIN code.
- View your transaction summary and wait for the crypto to reflect in your wallet.
Buying crypto on the Ka. Web App is easy, whether you will use your card or do a wire transfer. The Ka.app team is also working on making the Ka. Cash Beta available on the web app, which will allow users from the European Economic Area (EEA) to buy crypto with euros using their personal crypto IBAN. Watch out for our progress updates for more details.
How much do you need to start buying crypto?
Unlike traditional investments like real estate or stocks, you don't need vast amounts of money to participate in the crypto market. The amount you need when starting is remarkably flexible, thanks to factors like divisibility, diverse pricing, and reasonable exchange requirements.
You can start your crypto journey by buying a fraction of a specific coin or token. For instance, even if 1 BTC costs around $30,000 (at the time of writing), you can still buy just $100 worth of BTC or even less. It’s good to note though that some platforms have minimum purchase requirements or trading fees, so be sure to conduct thorough research in choosing a platform that aligns with your budget and needs.
How do I start buying crypto?
You can start buying crypto by first setting up a digital wallet. This is where you’ll store your coins or tokens. After that, you have to choose the platform you will use, whether an exchange, a payment app, a crypto ATM, an OTC desk, or any other means. Then, you have to follow the process of your chosen method, and you’re good to go.
What is the best way to buy crypto on the Ka. Web App?
The best way to buy crypto is through the method you’re most comfortable with, whether that’s using your debit/credit card or through a bank transfer.