Buying cryptocurrency involves acquiring ownership of a purely digital asset that uses blockchain technology to track and record transactions. It is an extremely volatile asset, and should be considered only by advanced investors with a high risk tolerance and a significant amount of extra money to invest. Discover more

To buy crypto, you will need to register with a platform that supports the purchase of cryptocurrencies (typically a crypto exchange, traditional broker or payment app). Once registered, you will need to fund your account with cash or another supported method. Then you will need to navigate to the trading terminal and select your currency of choice. You will then need to confirm your order and any associated fees before finalizing the transaction.

Bitcoin Wallet UK: How to Store Your Crypto Safely

Once your purchase is complete, the cryptocurrency you just bought will be available in your wallet. Some exchanges provide what is called a hosted wallet, where the company holds your coins in an online storage system. Other services offer what is known as a cold wallet, which you own and control, to store your assets.

Many of these platforms allow you to set up recurring purchases that will automatically buy your chosen crypto when the price hits the target price. This is known as dollar-cost averaging and can help you diversify your portfolio over time. Some platforms may also provide additional features like market research, news and alerts to help you make informed investment decisions. Be sure to evaluate any platform before making a purchase, as some are more trustworthy than others.