1. Choose a cryptocurrency wallet: Before you can begin purchasing and trading cryptocurrencies, you’ll need to select a cryptocurrency wallet. A cryptocurrency wallet is either a digital wallet hardware (like a USB drive) or a software application that stores your public and private keys and interacts with various blockchain to enable you to send, receive and store cryptocurrencies like Bitcoin, Ethereum, Litecoin and more.
2. Choose the cryptocurrency you want to purchase: You can purchase multiple different cryptocurrencies, so you’ll need to decide which one you’d like to buy.
3. Select an exchange: Once you have chosen the cryptocurrency you’d like to buy, you’ll need to select an exchange that offers that currency. Many exchanges offer multiple cryptocurrencies for sale.
4. Register for the selected exchange: Once you’ve chosen an exchange, you’ll need to register for an account. This usually requires basic information such as your name, email, address, and bank account details.
5. Place an order: You can place an order on an exchange by selecting the currency pair you want to buy/sell and then specifying the amount of the currency you’d like to purchase.
6. Pay for the order: When your order is filled, the funds will be withdrawn and you’ll have the cryptocurrency deposited into your wallet. At this point, you can transfer it to another wallet or use it to make purchases.