Another way to get crypto is through what is known as a decentralized exchange. These are largely automated, blockchain-based programs that allow users to swap certain kinds of cryptocurrency for one another. While these can have lower transaction costs, they also require more technical expertise. And if you don't already have cryptocurrency, your options are limited. Fast Withdrawals Once you confirm the order, it will appear in the Orders tab of your app. As soon as the market price reaches the price you’ve specified, the order will be filled. You can also cancel a limit order at any time before it’s executed, by clicking on the red X icon next to it in the Orders tab.
When buying through these exchanges, it’s best to use a cold wallet to store the information they would need to transact with the crypto – namely the public and private keys. We recommend they choose a crypto hardware wallet for the purchase, which is the safest way to secure cryptos so no one can hack it and steal it. If the amount you are investing in crypto is small, it’s probably fine to leave your digital assets on the exchange in a hot wallet. Best for the number of cryptocurrencies The private key is best kept offline, meaning you shouldn’t write it in a file on your computer. The best practice is to write it down on a piece of paper or keep it on a flash drive that’s disconnected from the internet.