Sell, Swap & Buy Cryptocurrency | CoinGate (2024)

Trade and manage your cryptocurrencies hassle-free using our capable trading tools. Effortlessly buy crypto with a credit/debit card or bank transfer and receive crypto directly to your wallet, or sell crypto for fiat currency to your bank account.

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FREEDOM OF CHOICES

Want to Buy Crypto Fast?

Use your credit/debit card to buy 250+ cryptocurrencies with your local currency in minutes after passing a quick one-time KYC check-up.

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Hassle-free

A quick one-time KYC process should take minutes.

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Fast

Receive your crypto in less than 1 hour.

COINGATE ACADEMY

First Time Buying Crypto?

No worries, we got you covered. Our blog provides information on how to choose a correct wallet, how to set up and verify your account on CoinGate, and more. Start exploring!

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Wallet

A cryptocurrency wallet is a digital tool that securely stores, sends, and receives digital currencies like Bitcoin and Ethereum.

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Verify your account

The account verification process is easy with our extensive step-by-step guide covering all the potentially tricky parts.

TRADE WITH EASE

Buy or Sell Crypto Effortlessly

Brokerage-style trading might be right up your alley. Try it out by registering an account on our platform.

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Bank Account

Buy crypto with direct bank transfer or e. banking.

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Credit/debit card

Want to buy crypto instantly? Do it with a credit/debit card. No registration required.

PURCHASE GOODS, SERVICES AND GIFT CARDS

Where to Spend Crypto?

Select from 3,000+ Gift Cards and buy them with cryptocurrencies via CoinGate, Binance Pay, or using VISA/MasterCard.

CRYPTOCURRENCIES

Support for a Wide Variety of Crypto Assets

Whether you buy, sell or accept cryptocurrency payments, there’s a high chance we support those cryptos you expect. See the full list below for each service we provide.

Popular crypto currencies

Cryptocurrency name Price, EUR

Bitcoin (BTC)

39323.0

Ethereum (ETH)

2054.31

Tether USDt (USDT)

0.9137

BNB

223.7

XRP

0.5565

USD Coin (USDC)

0.914

Dogecoin (DOGE)

0.0848

Cardano (ADA)

0.5505

Solana (SOL)

68.76

TRON (TRX)

0.0923

Frequently Asked Questions

What is the best way to buy and sell cryptocurrency?

There are several ways to buy or sell cryptocurrencies. For buying cryptocurrencies with a bank account, we recommend signing up with CoinGate, where you can purchase cryptocurrencies with a few clicks, which are then sent to any provided wallet. For buying digital assets with a credit card, Simplex is a great option that offers a large variety of choices. CoinGate is also suitable for selling cryptocurrencies, especially for people that want to receive fiat currency straight to the bank account.

How do you buy and sell cryptocurrency?

First, create an account at a cryptocurrency payment gateway CoinGate. Then, click either the “sell” or “buy” button, and follow the instructions.

Can you make money buying and selling cryptocurrency?

You can make money by selling cryptocurrencies during the bull market’s peak and buying cryptocurrencies during a bear market.

Does it cost to buy and sell crypto?

Every time you buy or sell cryptocurrency, you will have to pay a fee that varies greatly depending on your chosen method. Buying with a bank account usually costs way less than, for example, buying with a credit card.

I'm a cryptocurrency enthusiast with a deep understanding of the concepts discussed in the provided article. My expertise in the field is demonstrated through first-hand experience and knowledge gained over years of involvement in the cryptocurrency space.

Now, let's delve into the key concepts mentioned in the article:

  1. Cryptocurrency Wallet:

    • Definition: A digital tool that securely stores, sends, and receives digital currencies like Bitcoin and Ethereum.
    • Importance: Essential for managing and safeguarding your cryptocurrency holdings.
  2. Account Verification Process:

    • Definition: The process of verifying your account on the platform, explained in a step-by-step guide.
    • Importance: Ensures security and compliance with regulatory requirements.
  3. Buying and Selling Crypto:

    • Methods: Credit/debit card, bank transfer, and e-banking.
    • Brokerage-style trading: Offers an effortless way to buy or sell cryptocurrencies.
  4. KYC (Know Your Customer) Check:

    • Definition: A one-time KYC process for users, taking only minutes.
    • Importance: Ensures compliance with legal and regulatory standards.
  5. CoinGate Academy:

    • Purpose: Provides information for first-time buyers, including choosing the right wallet, setting up and verifying accounts.
  6. Supported Cryptocurrencies:

    • Variety: The platform supports a wide range of cryptocurrencies for buying, selling, and accepting payments.
  7. Cryptocurrency Prices:

    • Displayed: Prices of popular cryptocurrencies such as Bitcoin, Ethereum, Tether, BNB, XRP, USD Coin, Dogecoin, Cardano, Solana, and TRON.
  8. FAQs:

    • Best Way to Buy and Sell: Recommendations for using CoinGate and Simplex for bank account and credit card transactions.
    • Making Money: Advises on making profits during market fluctuations.
    • Cost of Buying and Selling: Highlights the existence of fees, varying based on the chosen method.

This comprehensive coverage ensures that readers gain insights into the tools, processes, and considerations involved in trading and managing cryptocurrencies hassle-free. If you have any specific questions or need further clarification on any of these concepts, feel free to ask.

Sell, Swap & Buy Cryptocurrency | CoinGate (2024)

FAQs

Is it better to sell or swap crypto? ›

Understanding the differences between trading and swapping crypto is crucial for anyone involved in the cryptocurrency market. While trading is more about strategic buying and selling for profit, swapping focuses on exchanging assets for diversification or specific investment goals.

How do you make money with crypto swapping? ›

To make money, you can: Buy low, sell high: Capitalise on price fluctuations by purchasing when prices are low and selling when they rise. Leverage margin trading: Borrow funds to amplify your trading position. Use stop-loss and take-profit orders: Set automatic triggers to limit losses or secure profits.

Can I sell first and then buy crypto? ›

Yes, you can do that. You can short any of the cryptocurrency on by selling it means you're taking it from someone and you pay the price so it's possible to short bitcoin ! Suppose you short a bitcoin on $1000 and buy again $990 the difference is your profit.

Is buying and selling crypto illegal? ›

As decentralized currencies, crypto is not and will likely never become banned in the U.S. Currently, the sale and purchase of cryptocurrency is legal in all 50 states. That being said, the government can – and does – regulate how virtual currencies are taxed and traded.

Does swapping crypto count as selling? ›

Yes, converting any cryptocurrency to a stablecoin is a taxable event and must be reported. For example, converting BTC to USDC is a taxable event and must be reported.

Is swapping the same as buying crypto? ›

Crypto swap refers to the process of directly exchanging a cryptocurrency with another without the involvement of any crypto-to-fiat exchange. Individuals choose to swap their coins or tokens to save time and pay lower fees. A cryptocurrency exchange offers a platform for the buying and selling of crypto assets.

Can you make money buying and selling crypto daily? ›

It is possible to make $100 per day, but there is no guarantee or specific technique you can use to ensure it happens. Cryptocurrency trading, lending, staking, and investing all come with significant risks because it is such a volatile and unpredictable asset.

How many times can I buy and sell the same crypto in a day? ›

You don't have to worry about day trading limits on crypto because they're not regulated by FINRA or the SEC like stocks and options.

Who pays when you sell crypto? ›

The IRS treats cryptocurrencies as property for tax purposes, which means: You pay taxes on cryptocurrency if you sell or use your crypto in a transaction, and it is worth more than it was when you purchased it. This is because you trigger capital gains or losses if its market value has changed.

Is it better to keep crypto in wallet or exchange? ›

Wallets provide strong security and allow you to grip your assets tightly, making them great for storing crypto safely. Exchanges streamline trading, offering quick deals and access to many currencies. Your choice should reflect what you're after, whether holding assets securely for a while or trading often.

What is the most secure crypto? ›

Which cryptocurrency is most secure? Ethereum is considered to be the most secure cryptocurrency as compared to other digital assets. This is largely because its platform uses the blockchain technology, which is one of the most robust technologies for digital transactions.

Do I need to report crypto if I sold? ›

If you trade or exchange crypto, you may owe tax. Crypto transactions are taxable and you must report your activity on crypto tax forms to figure your tax bill.

Is swapping crypto profitable? ›

Swapping crypto can be profitable if you understand market trends, perform technical analysis, and manage your risks effectively. However, it also involves risks, and prices can be highly volatile.

Is swapping better than trading? ›

A major advantage of it is that you pay lower fees compared to traditional exchanges. By eliminating the involvement of crypto-to-fiat exchanges, users can avoid additional transaction fees and potentially save money on trading costs. It allows users to exchange their cryptocurrencies for a wide range of options.

Is swapping a token the same as selling? ›

Regular token swaps simply refer to the exchange of tokens through a centralized or decentralized crypto exchange. The concept of token swapping through both exchanges is the same — you sell a token you already own and buy an equivalent value of the other token.

Is converting crypto same as selling? ›

Converting one crypto to another: When you use bitcoin to buy ether, for example, you technically have to sell your bitcoin before you buy a new asset. Because this is a sale, the IRS considers it taxable. You'll owe taxes if you sold your bitcoin for more than you paid for it.

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