More and more people want to buy bitcoins themselves, to trade in them or to keep them in the hope that they will be worth more in the coming time. FreedomNode?s guide guides you in these matters. You cannot buy cryptocurrencies such as bitcoin and ethereum at a bank, such as dollars and British pounds. This may change in the future, but at the moment you can only buy bitcoins on a cryptocurrency exchange. A cryptocurrency exchange is a website and / or app where you can buy, sell and exchange cryptocurrencies such as bitcoin, ethereum, ripple and litecoin against other cryptocurrencies or traditional currencies such as dollars and euros. From FreedomNode?s guide you will get all the supports and suggestions regarding all these. Under the influence of the rapidly growing popularity of cryptocurrencies, there is not only a proliferation of crypto coins but also on cryptocurrency exchanges. Check The Best Cryptocurrency Exchanges and what to look out for for more information. Suppose you decided to create an account at cryptocurrency exchange Coinbase , one of the largest crypt exchanges in the world, and now want to buy your first bitcoins there. At Coinbase you can buy and sell Bitcoin, Ethereum and Litecoin via both a website and an app (iOS & Android). You create an account on Coinbase (free) and verify your ID and telephone number. This is necessary to be able to make deposits and withdrawals with Coinbase through your bank.