How to buy Cryptocurrency in 3 easy steps with Cryptomate

There are many cryptocurrencies available to purchase instantly on Cryptomate for GBP, but which one is right for you? While we can not directly advise you on which coin will moon or which won’t we can give you some helpful tips to decide which is the right one for you. Each cryptocurrency is unique and generally has a specific purpose, whether it be a currency such as Bitcoin, privacy based like Monero etc.

While Cryptomate strives to only list coins and projects that we believe have value and a great team behind them, we would suggest thoroughly researching yourself before you make any decision. There are plenty of cryptocurrency comparison websites available online that will help you choose which one is right for you.

Every coin available on Cryptomate has a range of wallets available to choose from. There are many ways to store your cryptocurrency, including: Desktop wallets, web wallets, hardware wallets and paper wallets. Each method of storing your coins has its own advantages and disadvantages. For example web wallets are easy to use but security is diminished by the fact you do not control your own private keys. Desktop and mobile wallets are secure and easy to use but without a backup seed phrase your could lose coins due to hardware failure etc.

When deciding which wallet you would like to use, remember to always check the coin’s official wallets page to find which are approved and have been deemed safe. Each coin will have a wallets page (E.g. https://bitcoin.org/en/choose-your-wallet) which will give you a wide variety of options to choose from. Once you have a wallet and have generated a wallet address, it is now time to place your first order.

We at Cryptomate have tried our best to make buying Cryptocurrency in the UK the easiest process possible, all you need is a UK bank account, an email and wallet address. Visit our homepage to view which coins are available to buy, once you decided click on the logo or 'Buy' button and you will be taken to the page where you can place your order. At the top of the form you will be given a price quote per coin (e.g. 1.5 GBP per 1 XRP) which will tell you how many coins you will receive for your GBP. Below this you are asked for your wallet address, please always copy and paste this information from your wallet provider and triple check it is correct, if you provide a wallet address that you don't control there is no way to recover the coins sent there. Below that is an input box for your email address, this must be a legitimate address owned by yourself, as a confirmation code will be sent to this address to proceed with your order. Order updates will also be sent here, like when your order is complete and a blockchain transaction ID is given etc. Below the email input is GBP input where you can enter the amount of pounds you would like to purchase, for non-verified customers the maximum purchase amount per order is £200 but this can be risen to £1,000 if you get yourself verified. Next is your first and last name, remember to use your real name as if the payment comes from a different name your order will be delayed and most likely refunded.

On the next page you will be presented with all the details of your order - this is where you can confirm that the correct wallet address, name and email address was provided on the previous page. At this point you will need to check your email as we will have sent a confirmation code to confirm that your email address is valid and correct. This code will be 32 alphanumeric characters that you can copy and paste in to the input below your details. Once your happy that the details are correct and the code has been inputted, click on 'Click here to confirm your order' to go to the next step.

Next you will be presented with a 15 minute countdown page while your order is made available to our trusted vendors, once your order has been accepted by a vendor your page will make a "ding" sound to indicate that it has been taken. On the off-chance that your order isn't accepted within 15 minutes you will be taken to a page suggesting you get verified, as high risk score orders are generally not taken by any of our vendors. Once your order is accepted you will automatically be given payment details on your screen. This will include the name, account number and sort code of the vendors UK bank account as well as a reference code. At this point you will need to access your online banking via web or mobile app and make your payment to the vendor. Please ensure you send the correct amount of GBP to the account/sort code provided and remember to include the reference otherwise your order will be delayed. Once you have made your payment click on the 'Confirm payment has been sent' button which will then inform the vendor that the payment has been made. You will be then taken to a confirmation page. That's all that's required from you, if the payment has arrived in the vendors bank he will then send your cryptocurrency to your wallet within 15 minutes but normally much quicker.

To see what the process mentioned above looks like in practice take a look at the gif image below, each step of the process is shown visually and of course if you have any issues or questions get in touch with our support staff are always available to help.