You can buy cryptocurrency through an exchange, an app, a website, or a cryptocurrency ATM. Some people earn cryptocurrency through a complex process called “mining,” which requires advanced computer equipment to solve highly complicated math puzzles. DeFi Made Simple Since social media plays a large role in the crypto space, a company’s overall social sentiment, positive or negative, can aid your research. A majority of reputable cryptocurrency projects have X (Formerly Twitter), Reddit, and Discord channels that they manage regularly. Look at how they’re engaging with their followers and see if they’re being helpful in their comments. However, an engaging social presence can also be misleading and does not always indicate a reputable company.
The spread is the difference between the buy and sell prices quoted for a cryptocurrency. Like many financial markets, when you open a position on a cryptocurrency market, you’ll be presented with two prices. If you want to open a long position, you trade at the buy price, which is slightly above the market price. If you want to open a short position, you trade at the sell price – slightly below the market price. We’re sorry, we are currently experiencing some issues, please try again later. Once your Bitcoin deposit has been confirmed, go to the "Sell Crypto" page on CoinCola and select "USD" as the currency you want to receive. You can filter your search for local buyers by payment method, user rating, and more.