Buying Crypto Simply and Affordably – Everything you should know
Cryptocurrency is steadily becoming a familiar concept for Georgian users, with numerous digital assets entering the market daily. These assets often catch the interest of those looking to invest in crypto, based on the project's potential.
It's possible that a cryptocurrency holds significant potential, prompting you to consider an early investment, especially if it's not available on Cryptal. In this blog, we'll guide you on purchasing any desired cryptocurrency in the simplest and, most importantly, cost-effective manner, minimizing fees and additional expenses.
Additionally, we'll illustrate how Cryptal can serve as a bridge, connecting you to other crypto exchanges and facilitating the purchase of coins, even if the desired cryptocurrency is not currently listed on Cryptal.
What is Bridge in Crypto World?
When it comes to purchasing cryptocurrencies, the market offers a plethora of alternatives and platforms, both local and international, providing users with opportunities to acquire coins and tokens. Each crypto exchange presents its unique advantages, catering to users based on their preferences and requirements, whether it pertains to the buying process, fiat currency deposits or withdrawals, and more.
Within the expansive realm of cryptocurrency, the diversity of trading platforms is only surpassed by the multitude of cryptocurrencies available. Given that no single exchange hosts all cryptocurrencies on its platform, users may find themselves registering and trading on multiple exchanges, even if they prefer the functionality of one over another.
Enter the concept of a bridge, a familiar concept for crypto enthusiasts. If a particular crypto exchange is convenient or offers favorable commissions, but does not list the desired cryptocurrency, the concept of a bridge becomes invaluable.
To simplify, envision residing on the 6th floor of a 10-story building. You prefer the comfort, speed, and ease of the elevator to reach your floor. Although there's a staircase that leads to the 6th floor, it comes at a higher cost. Cryptal plays a similar role—it acts as a bridge, connecting you to other crypto exchanges.
Why endure additional fees or complicate the trading process due to a less-familiar exchange hosting the desired cryptocurrency? Cryptal serves as your elevator, effortlessly connecting you to other platforms, ensuring a smooth journey to your destination without unnecessary costs.
Why and how you can use Cryptal as a Bridge?
While Cryptal encompasses many popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, there might be a digital asset with substantial potential that isn't currently featured. You may come across such a crypto on platforms like Binance or Coinbase, where a myriad of cryptos based on different blockchains and networks exist, but navigation can be challenging, especially for beginners.
New, promising cryptocurrencies often emerge on decentralized exchanges (DEXs), such as those on Binance, where fiat currencies cannot be used, and assets are exchanged solely with cryptocurrencies. DEX exchanges can be the ideal place to discover new digital assets, making the use of a bridge the most efficient way to acquire crypto on such platforms.
Enter Cryptal, the Georgian crypto exchange poised to guide you through the expansive world of cryptocurrencies, facilitating the purchase of desired digital assets effortlessly and without additional fees. With one of the lowest fee structures globally, Cryptal provides cost-effective solutions for both buying and selling crypto, as well as importing and withdrawing fiat currencies.
But how do you use Cryptal as a bridge to connect to other crypto exchanges? Let's consider a scenario where you want to purchase the cryptocurrency Jupiter (JUP), not available on Cryptal but found on Binance.
- Topping up Balance on Cryptal:
Using Georgian bank cards from Bank of Georgia or TBC Bank, you can easily fund your Cryptal balance in TOGEL, TOUSD, or TOEUR, equivalent to GEL, USD, and EUR, automatically converted on the platform.
- Buying Crypto on Cryptal:
Utilize the full balance to purchase cryptocurrency, such as the stable crypto USDT. The Convert function in your crypto wallet ensures instant reflection within seconds, making it accessible even for beginners.
- Cryptal as a Bridge to Binance:
Transfer the purchased USDT from Cryptal to your USDT wallet on Binance. Cryptal offers minimal withdrawal fees, like a mere 1 USDT or 1 dollar to transfer USDT to Binance.
- Binance: Exchange USDT into Jupiter:
Once the cryptocurrency is in your Binance wallet, exchange USDT for Jupiter, and you become the proud owner of your desired asset, all facilitated by Cryptal with minimal financial expenses.
What if you want to Withdraw you Cryptocurrency?
Once you've exchanged the Jupiter token on your Binance account back to USDT or any other cryptocurrency available on Cryptal, you can seamlessly transfer the exchanged coin to Cryptal. Here, you have the flexibility to sell it and exchange it for your desired fiat asset—be it GEL, USD, or EUR.
To convert the fiat asset into tangible funds, you have a straightforward process:
- Withdraw to Bank Cards: With just a few clicks, you can transfer the exchanged fiat asset to your bank cards. The operation incurs a minimal fee:
- TBC Bank: 1 TOGEL (1 GEL)
- Bank of Georgia: 1.2 TOGEL (1.2 GEL)
- Interest-Free USD Withdrawals: For withdrawing TOUSD (dollars) through bank transfer, Cryptal ensures it's completely interest-free. The exact amount you withdraw is credited to your bank account.
- TOEUR Withdrawals with a Minimal Commission: In the case of TOEUR, the withdrawal commission is only 1%. For example, cashing out 100 euros would incur a commission of 1 euro.
For more detailed information about limits and fees, you can easily refer to the comprehensive details available on the Cryptal website.
What are the benefits of using Cryptal?
• Effortless Top-up of Balance:
In the realm of finances, ease of asset management is paramount, whether dealing with fiat currency or cryptocurrency. For acquiring cryptocurrencies, fiat currencies play a crucial role. Topping up your balance on Cryptal is a hassle-free process. With just a few clicks, you can conveniently use the bank cards of Georgia and TBC Bank. The same simplicity applies to withdrawals, ensuring your assets are swiftly and easily reflected on your card, devoid of vague and complicated procedures.
• Low Fees for Maximum Value:
As highlighted, Cryptal stands out among Georgian and international alternatives with its remarkably low fees. This means that a significant majority of the funds you withdraw or deposit will remain in your wallet. The philosophy of low fees extends to both the buying and selling of cryptocurrencies, as well as the importing and withdrawing of fiat currencies (cashing out) and transferring assets elsewhere.
• Seamless Crypto Transactions:
Cryptal offers a user-friendly environment for both seasoned traders and beginners. Buying and selling crypto is a breeze with Cryptal's Convert feature. Specify the desired cryptocurrency and amount, click buy or sell, and voila! The transaction is swiftly completed in a matter of seconds, eliminating waiting times and unnecessary procedures.
• Responsive Support Team:
Should you encounter any hurdles during your crypto transactions or navigating the platform, or if you simply have a question, the Cryptal support team is available at all times. You can expect comprehensive and competent assistance from the officials. Cryptal's support team operates with flexibility and customer-oriented structure, ensuring no question goes unanswered.