How Can A Beginner Invest In Cryptocurrency?
If you are a beginner, enchanted with heavy earnings and profits you can get by the trade of cryptocurrency, but not sure how to begin the trade, we have come up with a step by step guide for you. Firstly it is very important to understand that cryptocurrency market is just like a teenager who is volatile but unpredictable too. You cannot afford to flow with emotions while playing in this pool. You have to be informed, updated and disciplined as you kick-start the career in cryptocurrency market.
Now coming back to the original question – “How to invest in cryptocurrency?”
Step 1: for investment in cryptocurrency or in other words in order to buy crypto coins such as Bitcoins, Ethereum, Ripple or any other Altcoin you need to approach a seller. This seller can be any other trader in the market or an exchange where you can get crypto coins in exchange for fiat money or any other crypto coins already present with you.
The best and safest place to buy crypto coins are cryptocurrency exchanges such as Coinbase, Bitstamp, Krakane and Gatehub. Coinbase is one of the most popular US-based crypto coin exchanges offering a plethora of crypto coins and high liquidity to day traders and investors.
Step 2: Now next step is to buy a safe and secured digital wallet where you can keep your crypto coins. If you buy a hardware wallet then it is connected to your traditional bank account and all the transactions are carried from there only. In case of software wallet, you will need to download an app and you can manage your purchase and sell from your smartphone. These digital wallets are safe, encrypted, and also gives you the freedom to move and trade in all the exchanges.
Check the list of the crypto exchange platforms list.