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Still, there are some speculators who attempt to buy low and sell high on more obscure cryptocurrencies. Photo credit: Exchanges make money by charging fees for conducting transactions, but there are other websites you can visit to interact directly with other users who are looking to sell cryptocurrencies. You can have either a software wallet or a hardware wallet. You can use them to purchase Bitcoin and send it to your wallet. If you sign up for a Coinbase account, you automatically receive a Coinbase software wallet. There are several different exchanges to choose from, with the most popular being Coinbase, GDAx and Bitfinex. Others focus on privacy, like Monero and ZCash. The most popular place to purchase cryptocurrency are cryptocurrency exchanges. There are all different kinds of altcoins. Software wallets are necessary to enable active trading, as they make accessing your currency much easier. These exchanges allow you purchase currencies like Bitcoin and Ethereum with a debit card. The hope is to get rich quick by getting in early on the next Bitcoin. The cryptocurrency fervor is undoubtedly more subdued than it was in, say, In simple terms, you need a place to buy it and a place to put it. If the cryptocurrency market had to be described in just one word, it would be volatile. Think of a software wallet like a checking account, whereas the hardware wallet is more like your savings account. Regardless of what currency you invest in, the common denominator is volatility. This makes it a much riskier investment, as many investors and speculators have learned the hard way.
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The cryptocurrency fervor is undoubtedly more subdued than it was in, say, There are several different exchanges to choose from, with the most popular being Coinbase, GDAx and Bitfinex. But that may change in the future. You can have either a software wallet or a hardware wallet. Hardware wallets are physical devices — they look a bit like USB drives — and they are more secure than software ones. Most people only have interest in holding on to Bitcoin or another popular currency, Ethereum. The most popular place to purchase cryptocurrency are cryptocurrency exchanges. Photo credit: If you sign up for a Coinbase account, you automatically receive a Coinbase software wallet.