8

How to invest in cryptocurrencies (for beginners)

how to invest in cryptocurrencies1. INTRODUCTION

Do you want to invest in cryptocurrencies and don’t know how? In this article I will show you the easiest, fastest and most reliable places to buy your first cryptos!

Let’s do it! 🙂

 

2. HOW TO INVEST IN CRYPTOCURRENCIES (for beginners)

2.1. Easiest way: buy cryptocoins directly with a debit/credit card, Paypal or a wire transfer

Coinbase (most famous platform): the easiest, fastest and most reliable place to buy Bitcoin, Bitcoin Cash, Litecoin and Ethereum. (*) If you register using this link you will recieve 10 $ (8 €) for a purchase of 100 $ or more (or the equivalent in your local currency)! And me too! 😀

 

2.2. How to buy less-known cryptocurrencies

  1. Open an account on Binance (one of the biggest and well-known trading platforms with a enormous varity of different cryptos).
  2. Buy Bitcoin on Coinbase and send them to Binance.
  3. Once you have your bitcoins on Binance or Bittrex, you just need to exchange them for other cryptos in their market. 🙂

 

These would be the main steps to follow, but I will be adding more specific information with links in the future. Meanwhile, if you have a doubt, just leave a comment and I will try to help you out!

 

3. THINGS TO TAKE IN ACCOUNT

  1. Most of this big companies/platforms are going to ask you to verify your identity with your passport, driver’s licence and other proofs of residence. Why? To avoid money laundering. Cryptocurrency movements are difficult to track and verifying the identity of buyers and sellers they avoid this problem.
  2. DON’T invest what you are not willing to lose. Investments in cryptocurrencies are volatile.

 

4. INTERESTING RESOURCES!

  • Coinmarketcap.com: to follow the coin market. (*) I warn you now that you are going to be cheking this all day long. 😂
  • Coin Stats: Free app where you can add your own investments to know the total value of your portafolio in real time. You can also follow the whole market here and yes, you will be checking this all day long too.

 

5. ANY DOUBTS?

I think this is it for now! I will be updating the info and if you have a doubt, just leave a comment! 😉

See you soon cryptoinvestors!

 

RELATED POSTS:

 

Javier

PhD in Education. From Spain. Living everywhere. Passionate about learning and sharing. Welcome to Learner Trip!

8 Comments

  1. i don’t know how to move the funds i placed in my coinbase app to the Biance app.

    • Hey Sam! Let me help you. 🙂

      1) You need to copy your BTC deposit address on BINANCE (Funds > BTC > Copy address). The address will look like this: 1N47VJbiJ8HMdKhtq5BAH4uxLTPWvdYvdy

      2) Once copied, you go to Coinbase > “Accounts” > “BTC” > “Send BTC” and you paste your BINANCE deposit address there.

      And that’s it! You just need to wait 5-10 minutes for the transaction to process. 😉

    • Hey KG Arnold! Welcome to the Learner Trip!

      I’ve been doing this for a few months now, but full time pretty much.

      I’ve being reading, researching, trading and trying platforms and wallets all over the cryptoworld to gather as much information as I’ve been able to (and I keep learning).

      So if you want to start investing in cryptocoins, or you have any doubt, here I am! 🙂

    • I’m glad you found it useful! Thanks for you comment! 😉

Leave a Reply

Your email address will not be published. Required fields are marked *