Get Started With Crypto

Whether you’re interested in using cryptocurrencies as a payment method, sending money to family or friends abroad, or investing in them, it’s important to learn the basics. We break down how cryptocurrency works, highlight essential crypto security tips, and help you understand the risks involved.

Get Started with Crypto is notoriously volatile, meaning that their price can rise or fall by a significant margin in a matter of minutes. This volatility can be scary for new investors, so we’ll discuss some basic strategies that can help you ride the waves and manage risk.

Get Started with Crypto: A Beginner’s Guide to Digital Assets

A key innovation behind cryptocurrencies is blockchain ledger technology. This system creates public databases that track transactions and can’t be tampered with once a block of information is added. It’s a fundamental technology that has many potential applications.

To invest in cryptocurrencies, you’ll need to register with a reputable cryptocurrency exchange. These sites function like online stock brokerages but specialize in digital assets. eToro, Coinbase, and Kraken are some of the most popular.

Once you’ve registered, you’ll need a cryptocurrency wallet to store your investment. There are several different types, but the most secure are known as cold wallets, which encrypt your private keys and store them offline. Another option is a paper wallet, which prints your public and private keys on a piece of paper to add an extra layer of security.

Successful investing is about having a strategy, and crypto can be no exception. You can adopt a long-term holding approach (known as “HODLing”) or take a more active trading approach, but either way it’s important to stay informed and stay connected to the crypto community.