This guide is for you if you haven’t tried dipping your toe into the crypto sphere, but you are seriously thinking about it. There are over 1600 cryptocurrencies today, but Bitcoin is the most popular one so much so that most people believe Cryptocurrency is synonymous with Bitcoin. So is cryptocurrency money or an investment: well, you could say it’s a bit of everything.
The following tips will help you enjoy the journey that is buying cryptocurrencies. For the purpose of this guide, we shall use Bitcoin as an example.
You don’t have to buy cryptocurrencies in whole numbers. If, for instance, you wanted to buy an entire Bitcoin today, it will cost you over $11,000, which is a lot of money. Just like Bitcoin, most cryptocurrencies are divisible. Think about investing in terms of fractions. Most people will begin by investing $100 into Bitcoin. In cryptocurrencies, “don’t invest more money than you can afford to lose.”
Open a Cryptocurrency Exchange Account
There are different ways to buy cryptocurrencies; you can buy them offline or online. In this guide, we shall consider how to buy Cryptocurrency from a crypto exchange. Like you must sign up at a stock company for them to buy stocks, you must open an account with a cryptocurrency exchange to be able to buy cryptos.