The cryptocurrency market exploded in 2017, with bitcoin leading the pack and gaining all the headlines in the mainstream media. However, now everyone has got a handle on the market a little bit more, it is now the smaller altcoins that are beginning to drive consumers attention. Ripple is currently the third largest cryptocurrency and last year it grew over 36,000%! That is the return that is turning heads.
Investment in the crypto space is sky rocketing and more and more is going on these smaller altcoins. People aren’t worried about the risk, all they can see is that enormous growth.
Actually buying these altcoins now appears to be most peoples biggest challenge. Understanding how to open a wallet and buy one currency before then exchanging it for a smaller currency often goes straight over first time investors heads. That is where exchanges and mediums like CryptoGo are beginning to make a name for themselves. They will do the whole process for their clients, and this even includes buying coins during an ICO, angel investing at its core.
CryptoGo Review: the Easiest Way to Buy Bitcoin, With No Minimum Deposit!
- No Transaction Limits
- Buy 200+ coins
- Personal Account Manager
Buy Any Cryptocurrency at CryptoGo
CryptoGo can access any cryptocurrency. They will search all exchanges to buy a cryptocurrency for you. This also includes brand new coins during their initial coin offering. The procedure to buying during an ICO can be convoluted and often will change for each coin, for this reason CryptoGo has received increased traffic to their site because people are happy to pay the small fees to avoid all the hassle.
To get started, simply go to their website. You will have several options to choose from, but we would recommend either selecting the ‘Coins’ or the ‘ICOs’ tab on the top menu. Obviously which one will depend on which you would rather invest in.
You will then be taken to the correct page where you can choose from a huge array of coins or ICOs. Click the coin you wish to buy.
You will then be taken to a payment page that has a unique slider that will seamlessly help you decide how much you want to invest.
You will then be required to choose between two payment methods, either card payment or wire transfer. Not all exchanges offer card payments, which again is a plus for CryptoGo. One thing you should be mindful of however, is that banks are banning the purchase of cryptocurrencies with credit cards, so depending on who you bank with you may need to use your debit card.
You will then be taken to a page to either fill in your bank details or a page that will inform you about the procedure going forward if you wish to pay by bank transfer.
As with all exchanges you will need to verify your identity, this is for anti-money laundering purposes. With CryptoGo you will be contacted by your account manager and required to send over a copy of a valid ID (passport or drivers license) and a proof of address (utility bill, bank statement or tenancy agreement, all must be dated within the last 3 months).
To receive your cryptocurrency, you will need to provide a wallet address. CryptoGo do not provide onsite wallet services however they will help you open an external one if you have never done it before. The process is very easy.
As CryptoGo acts more of a medium than an exchange, they do not store your cryptocurrencies on the platform, which technically means that your coins cannot be stolen from CryptoGo. They only store their own coins and the majority are in cold storage, so they are as secure as they can be.
The risk is during the transaction, which almost never has fraudulent issues. Once the coins are in your wallet, it is the responsibility of you and your wallet provider for their security. We would always recommend using a wallet with 2-factor authentication.
CryptoGo as an Investment Portal
As we’ve highlighted one of CryptoGo’s biggest positive is the amount of coins you can invest in, however it also has two other selling points we have barely touched on.
- There is no cap on the amount of cryptocurrency you can buy. This attracts high-end clients that are looking to invest on behalf of institutions or private investors.
- The personal account managers make your life very easy, they simply do everything for you and are there to be a point of reference. They’re highly trained and knowledgeable about the crypto market, which keeps clients going back.
All in all, we feel CryptoGo is an excellent platform that can serve both experienced and newbie traders / investors. For more information, do check out their website.