Buy real cryptocurrencies
A special feature of cryptocurrencies is the so-called blockchain technology. Put very simply, it works like an electronic cash book in which all transactions are recorded. This cash book is not in a central location; every krypto user has a copy of this cash book on his computer.
If anyone, anywhere in the world, pays or trades in Bitcoin, this is immediately written into all copies of the cash book. This eliminates the purpose of a bank or a central bank that processes payments in conventional currencies such as euros and dollars. Since the bank, i.e. the intermediary, is no longer involved in this foreign exchange transaction, the transaction can be carried out completely anonymously – you can find out more about this in our crypto lexicon. In the Buying Bitcoin guide, you can also read how you can easily buy the popular cryptocurrency.
If anonymous use is also important to you as an investor, then you should actually physically own Bitcoin, Ethereum and Co. There are different ways to buy the individual cryptocurrencies as digital coins or files, but owning a wallet is always a basic requirement. A wallet is comparable to an electronic purse or a checking account in your pocket. This allows you to send and receive cryptos, i.e. make transfers.
How you use a wallet and where you can get it from differs from digital currency to digital currency. Buying real bitcoins is also different from buying real Ripple, for example. In the individual guides you will find all the information you need specifically for your crypto investment: