How do I exchange fiat currency to cryptocurrency?

You can purchase cryptocurrency with fiat currency through a variety of methods. Commonly used methods include purchasing through a broker or through an exchange. Brokers often provide the simplest route for individuals to purchase cryptocurrency, as they are regulated by the government and considered more trustworthy than a traditional exchange. If you would like to purchase directly from an exchange, you will need to create an account and verify your identity before you can begin trading. Both options typically require you to set up a wallet, where you can store your purchased cryptocurrency.