๐คซ The Truth About Crypto ๐คซ
Your friends might have told you that crypto is simple and all you do is buy and see those mad gain roll in. I hate to break the news but crypto is like the Wild West with hackers, scams and dodgy exchanges everywhere. Making gains in crypto is one thing, keeping them is a different beast entirely. If you get that crypto stolen there is no bank to ring up to reverse that transaction. Also, be prepared for crazy volatility up and down. If you cannot handle swings of 30%+ in a day then crypto is honestly not for you. Also, you should know that the price of a crypto is largely irrelevant. It is not as simple as saying that Bitcoin costs $40,000 and this random altcoin is just a few cents, therefore, it must be way cheaper. A better way to measure relative value is market cap.
โ How To Get Ready To Buy โ
The biggest mistake most crypto newbies make is to jump into crypto and buy it as fast as possible. If you donโt have everything setup to store those coins securely you are frankly asking for trouble. Check out my video to find out my five steps you need to take to help ensure you can store that crypto safely. Once you have done that, you can get onto the very important business of buying your first cryptocurrencies.
๐ Best Way To Buy Crypto ๐
Honestly, the most important factor when it comes to how to buy crypto is going to be what country you are based in. After all, there are different rules and regulations in different nations and no legit exchange simply accepts users from every country in the world. For those based in Europe or countries like the UK, Canada, Singapore or Switzerland, the easiest way Iโve found to buy crypto with a bank account is by using Swissborg. I take you through all the steps to do that in my video! ๐บ๐ธ Buy Crypto In The US ๐บ๐ธ The government hasnโt made things easy for my friends in the US. However, I would suggest that anyone living across the pond checks out Binance US and CoinBase Pro as top options to buy crypto.
๐ฅ Where To Buy Hot Altcoins? ๐ฅ
Most crypto newcomers donโt know that you can use the likes of CoinGecko and Coinmarketcap to find out exactly which exchanges you can get that hot altcoin you have had your eye on. I show you exactly how to do that in my video. So be sure to check that out!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
๐ Disclaimer ๐
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
