We created an in-depth guide for crypto rookies in which you’ll learn how to buy cryptocurrency from some of the best crypto exchanges. You’ll also find out what is the best cryptocurrency to buy right now, as well as when is the best time to start investing in cryptocurrency.

With that in mind, let’s review the steps of purchasing cryptocurrency, an overview of the best exchanges, and a few coins to consider.

How to Buy Cryptocurrency for Beginners — A Comprehensive Guide

Here’s how to buy cryptocurrencies, step-by-step.

Choose the Right Crypto Exchange

The first step when buying cryptocurrency is to choose a suitable crypto exchange. A beginner-friendly exchange needs to offer an intuitive interface and a variety of supported coins. Here’s a list of some of the best crypto exchanges.


how to buy cryptocurrency with mexc

MEXC is a centralized exchange that supports over 2,000 cryptocurrencies and more than 2,350 trading pairs. This beginner-friendly platform offers an intuitive interface that allows easy navigation. Beginners can also use its demo trading feature, which enables them to learn different trading strategies without investing money.

MEXC is the best place to buy crypto due to its large daily trading volume of up to $58 billion. In addition to that, this platform offers a special newbie course called Learn & Earn Program, which contains interactive lessons and quizzes.


how to buy cryptocurrency with okx

OKX is a centralized exchange that supports over 320 crypto assets, 500 trading pairs, and more than 40 blockchains. This platform is tailored for both beginners and advanced traders. Its design combines an intuitive interface with customizable layouts and advanced charting tools.

The easiest way to buy cryptocurrency on OKX is through its trading bots that come in pre-created modes. On top of that, the OKX wallet will enable its users to access NFT marketplaces, dApp protocols, and cross-chain DEXs. And finally, OKX offers multiple yield-earning options, making it a go-to platform for beginners.


how to buy cryptocurrency with binance

If you’re looking for the cheapest way to buy crypto, Binance should be your first choice. Binance is one of the largest centralized exchanges that’s available in the US. It supports over 150 digital assets and trading pairs. Moreover, this platform offers features and trading tools tailored for all types of investors, from beginners to professionals.

On that note, its users can switch from a beginner-friendly interface to an advanced trading interface. This platform also offers some of the lowest trading fees and multiple fiat options for both deposits and withdrawals.

Create an Account

Now that you know where to buy cryptocurrency, it’s time to learn how to do it. We’ll use MEXC as an example to show you how to buy cryptocurrency on crypto exchanges.

First, you need to create an account. To do that, go to MEXC’s official website and tap the Sign Up button. You can register using your email address or mobile phone number. Make sure to create a strong password.

Next, you need to complete the KYC process by providing valid identity proof, i.e., your ID, passport, or driving license. You’ll also need to verify your email address or mobile number. Once you create an account on MEXC, the safest way to buy cryptocurrency is to enter your profile, tap the Security button, and follow the necessary steps.

Make a Deposit

Are you wondering how to buy crypto with low fees? You can make a deposit via credit/debit card (VISA, Master Card), P2P/OTC, or blockchain transfer. If you make a deposit with a credit/debit card, you’ll need to enter the card details and select the amount you wish to purchase. Once you conclude the transaction, the funds will be transferred into your wallet within 30 minutes.

If you buy crypto via the P2P/OTC method, you’ll have to pass the KYC process and add your bank account details. For blockchain transfers, you’ll need to go to your MEXC Wallet and choose the blockchain you wish to use to make a deposit. Enter your wallet address and MEMO to conclude the transaction.

Pick the Cryptocurrency to Buy

Now that you know how to buy cryptocurrency from MEXC, you’re probably wondering which one to choose. First of all, opt for coins that have large market caps since they’re less volatile. Secondly, buy tokens with real-world use cases. And finally, pick a crypto project with a growing ecosystem. Here’s a list of the most suitable crypto coins for beginners.


bitcoin logo

The best way to buy crypto is to choose a prominent project with a large market cap that’s widely used, such as Bitcoin. BTC is a suitable choice for beginners due to its high liquidity. This digital asset is traded around the clock, meaning it has an abundance of buyers and sellers. Moreover, its market cap stands at $1.32T, which makes it more stable than altcoins with lower market caps. 

Furthermore, BTC has a capped supply of 21 million. This makes it immune to inflation. This also means that its value is more likely to increase over time. In fact, crypto analysts believe that by the end of 2024, its ATH will reach the $90,000 mark.


The second-best way to buy cryptocurrency is to choose a coin with multiple utility, such as Ethereum. After Bitcoin, Ethereum has the largest network in the crypto market. This means that you’ll be able to use it to receive payments, create DAOs, build DeFi apps, mint and trade NFTs, and create smart contracts and dApps.

Crypto projects with multiple real-world use cases and extensive ecosystems tend to have greater growth potential. As of 2024, ETH’s ecosystem hosts over 4,000 dApps and more than 53 million smart contracts. Likewise, ethereum uses a PoS consensus mechanism, which makes it more sustainable than BTC. As its network grows, so will its value.


dogeverse logo

Dogeverse is the most promising new cryptocurrency to buy in 2024. This dog-based meme coin runs on six different blockchains, which offers greater flexibility to investors. On top of that, you’ll be able to buy 1 $DOGEVERSE token for $0.00031 during its crypto presale.

However, once this token gets listed on crypto exchanges, its price could reach a potential high of $0.000506. The $DOGEVERSE token predictions indicate it could trade between $0.0050 and $0.0090 by the end of 2025, which makes it a good long-term investment for beginners.

Moreover, this is a user-centric project that has large community support. Early investors can also stake their tokens for annual returns that currently stand at 53%.

Store Your Digital Assets

Once you buy your preferred crypto coins, you’ll need to store them in one of the top crypto wallets. Crypto wallets will also allow you to send and receive digital assets. You can store your crypto in custodial and non-custodial wallets. The former are more suitable for beginners since your private keys will be kept by crypto exchanges.

You can also store your coins in hot or cold wallets. Hot wallets are connected to the internet, while the same is not the case with the best cold wallets. Namely, these wallets are physical devices that work offline, which makes them more secure than hot wallets.

When to Buy Cryptocurrency

Is buying crypto easy? Yes, if you know when’s the right time to invest. That said, the best time to buy crypto is during the afternoon when the price of BTC usually drops. BTC’s value is most often at the lowest on Fridays. This means that the most ideal days for buying BTC are Saturday and Sunday. On the other hand, if you want to buy altcoins, you should do it on Monday. Why? Because most altcoins tend to trade the lowest at the beginning of the week. The most ideal months to buy crypto are April and November.

Major Crypto Events

Another factor you need to consider is major crypto events, such as Bitcoin halving. According to statistics, 60 days after each halving event, the price of BTC jumps by about 16%. This means that by June, the price of BTC could rise significantly. Each time the price of BTC goes up, the same happens with altcoins.

In short, the ideal time to buy cryptocurrencies is before major crypto events.

Market Sentiments

Crypto beginners also need to follow market sentiments, to estimate when is the best time to buy crypto. On that note, the crypto market can have bearish and bullish sentiment. Bear sentiment refers to a 20% drop in the value of cryptocurrencies that lasts for a long period. How to buy cryptocurrency during the bear market? You can use the buy-the-dip trading strategy. This means that you should buy while the price is low, to profit when the price returns to its previous highs.

On the other hand, a bullish market represents a period during which cryptocurrency prices grow by at least 20%. Novice traders can earn profits during bullish sentiment by selling their digital assets.

Fear and Greed Index

And finally, to determine when is the best time to buy and when to sell your investments, pay attention to the crypto fear and greed index. This tool will help you determine whether cryptocurrencies trade above or below their presumed value. When the market is in the greed phase, it means that most investors prefer to buy crypto. When the market is in the fear phase, it means that most traders sell their digital assets.

If the market is in the fear phase, altcoins trade at their lowest value, making them suitable for buying.

Keep in mind that the crypto market is very volatile and that we can only speculate how altcoins will perform in the future. This is why you should never invest more than you can afford to lose.


Now that you know how to buy cryptocurrency and which exchanges offer the best conditions for beginners, choose coins that have the most potential for growth, such as BTC, ETH, and Dogeverse. Before that, create a custodian wallet in which you’ll store your crypto assets. Finally, keep an eye on crypto trends to determine the ideal time to buy crypto.


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