What the heck is crypto?
Have you made the jump yet? Are you in the world of cryptocurrency yet? If not, before jumping in you should have a general understanding of what cryptocurrency is. This can give you a definite edge when trading etc. The best way to learn this is to start small and read. Invest $50 and watch the market and see what it does
This market is extremely volatile and un-regulated which means it can be gamed easily by big investors. Risk is real in the world of crypto. It will take some education and knowledge to understand and learn. BUT, if you are smart and have an investment strategy you will succeed.
The other risk to be aware of is hackers. They are out there and they exist. The safest way to store your currency is via a hardware wallet such as a ledger. The only downside to this is the way you have to transfer coins to trade. It can be difficult if you are trying to get into a trade quickly.
After you have decided to jump in there are a few things you need to do.
- Sign up for Coinbase – This is how you will get USD into coins.
- Sign up for an exchange – You will need to sign up for some so you can make trades. We recommend binance or bittrex.
Remember trading is all about minimizing your losses and maximizing your gains.