If you are new to cryptocurrency and would like to purchase your first few cryptocurrencies and don’t know where to start, then you have come to the right place.
Exchanges can be very confusing to a lot of people, although the draw is that you can trade lots of different coins for very low fees.
There are other applications and exchanges out there that are very user friendly but cost a fortune in fees.
So is there a middle-ground between the confusing exchanges and high fees? Yes, there is.
AAX is a cryptocurrency exchange that is powered by the London Stock Exchange Technology – Millennium Exchange. Making it extremely reliable and doesn’t suffer brownouts etc. not mentioning any names here…
The exchange has excellent trading volume and liquidity and the spread between buy and sell orders is very tight indeed.
If you are new to this space and just want to purchase cryptocurrency and FAST, AAX is your place.
The Fast Buy service that AAX offers is so streamlined if you can purchase something from Amazon, you will be more than capable of buying your first cryptocurrencies.
There are over 30 local currencies GBP, USD, EURO etc. that you can use to buy over 20+ cryptocurrencies.
Make sure to select your local currency to see what cryptocurrencies are available for your local currency.
This next point, I cannot stress enough. More often than not when everyone in the market is doing very well, some of the big exchanges can suffer very annoying and frustrating downtime.
What happens if you want to send your ETH from your hardware wallet to an exchange and before you do, you are met with an email saying “Temporary pause deposit and withdrawal”.
This is no good to anyone, you MUST and I will say it again for the folks at the back MUST have another exchange you can go to.
Now, if you have been listening you will know who can offer you reliability in these situations. Yes, AAX. 10 points to you.
When you are powered by LSEG technology, you can count on it being reliable.
Back to Fast Buy service – The first step you will need to take is to sign up to AAX.
You can do this by clicking this LINK or scanning the QR code with any smartphone camera below.
Signing up through this link will seriously support blocmates – so thank you for doing that.
You will need –
A government-issued ID (passport, driving license or ID card)
Recent utility bill (can be PDF)
Pen and Paper
Card to buy crypto.
Once you are signed up, go to the home screen. When I say the next part couldn’t be easier, I mean it.
Across the top, there is a drop-down button that says Buy Crypto. Select Fast Buy.
Enter the amount you wish to purchase in your local currency in this case GBP.
Choose Coinify as the payment gateway.
Hit place order. Be sure to check the fees here so there are no sudden surprises.
You will now be taken to this screen where you can fulfil the purchase and finally become a crypto-holder.
Hit BUY NOW.
If this is your first transaction you will be asked to fill in your details. This is so Coinify the payment network knows who you are.
Confirm your email address in your inbox.
Select Credit or Debit card and then you will have the chance to review your transaction.
Accept if you agree and pay.
There you go you now own cryptocurrency. This will probably take around 30 mins to enter your AAX wallet which is automatically set up for you.
To view this head back to the home screen and select the wallet dropdown.
Click spot account and once it has arrived, you will be able to see your crypto balance.
Easy! All done in less than 5 minutes.
If you would like to sign up to AAX just scan the QR code with your camera below or click THIS LINK.
If you need a hand let us know and we will be more than happy to take you through setting up an account. Join our Telegram channel and/or Patreon to book a one-to-one.
Want access to my portfolio?
We have a Patreon page which is the price of a pint per month. It lets you know what we are buying and selling and when. It also has full access to my portfolio. You won’t get this access anywhere else.
We also have a live Early Retirement Index on there. A list of coins we believe will perform excellently over the next few years.
You can join HERE
If you liked this article and want to learn more, we offer one-to-one support online to help you set up and get involved in the cryptocurrency space. Hit the ‘Book Today button’ at the top of this page to get started.
Alternatively, you can follow our group on Telegram for our side thoughts on the market. – @blocmates on Telegram.