Buy vs Convert Cryptocurrencies: What's the Difference? 💰🔄

Buy cryptocurrencies 🛒

When you buy cryptocurrencies, you exchange regular money (like euros 💶 or dollars 💵) for cryptocurrencies (for example, Bitcoin 💎 or Ethereum ⚡️). This requires a bank transfer or the use of your card, and you will go through an exchange platform. This process can be longer ⏳, with additional fees (like bank or platform fees) 💳.

Convert cryptocurrencies 🔄

When you convert, it is a direct exchange between two cryptocurrencies 🌐. For example, you can exchange Bitcoin 🪙 for Ethereum ⚙️, without going through traditional currency. Conversions are often faster ⚡️, and fees are usually lower, especially on decentralized platforms 🏗️.

Summary

• Buy = 💵 → 💎 (Fiat → Crypto)

• Convert = 🪙 → ⚡️ (Crypto → Crypto)

Buying takes longer and incurs additional fees, while converting is faster and often cheaper 🚀.