Let’s get to the point: buying crypto isn’t rocket science, even if it occasionally seems like you’re trying to read hieroglyphics. You don’t have to be a financial expert or wear a tinfoil hat to get into digital currency. This is your plan, free of confusing financial terms and strange suggestions to wear a suit and tie. Click here for more information!
Choose a platform first. This is the digital market where deals happen. There are a lot of websites and apps that let you trade ordinary money for crypto. Some are showy, some are simple, and some are in between. Check out the costs, security features, and which coins you can get. Look them up online and see what real people have to say about them. Not every platform is fair.
Are you ready to open an account? You will need to give some personal information, including your name, email address, and sometimes a selfie with your ID. Yes, it’s annoying, but it’s vital to keep troublemakers away. After you confirm your payment method, it’s time to link it. Some people choose bank transfers for peace of mind, while others swear by cards for speed. It’s up to you! Keep in mind that using a credit card to get money may cost you cash advance fees. The fine print is your new best friend.
Stop for a second before you go all in. The ups and downs of crypto may change happiness to sorrow in an instant. You should only give away money you can afford to lose. If you can’t sleep because equities are down a dime, you might not like how crypto changes its mind.
You have money. The next step is to choose the proper coin. What about Bitcoin? Of course, it’s the biggest one of them all. But maybe Ethereum or another lesser-known hopeful catches your eye. Find out more about their life, read the headlines, and see how much drama you can handle. Don’t believe the crazy promises that people make on Twitter.
Type in how much you wish to buy after you chose. If you can’t scoop up a complete coin, don’t worry—you can still get slivers. Before you click “Buy,” be sure everything is correct. It’s harder to get rid of mistakes here than spilled drink.
You did it! You are now a crypto owner! What do I do now? Choose whether to keep your new item on the platform or move it to a safer place. It is easy to save in an exchange wallet, but it is not safe. Hacks happen. A hardware wallet is like putting cash under your mattress, except it’s less likely to catch fire. If you want greater control, think about getting one.
Make sure no one knows your private keys. If you lose these, your coins will go away forever into the digital sunset. It can be easy to buy crypto. The hard part is staying calm when the ride gets crazy. Digital money don’t come with seat belts, so get ready for the ride and enjoy it.