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Exciting that you are ready to get started! Before we move onto crypto, there are a few things you need to know that should help you on your crypto journey. We call this foundation knowledge, and this includes understanding:
- What is Money
- What is Blockchain
- What is Cryptocurrency
Like with any investment, it’s really important to do your research and have a solid understanding of cryptocurrency, so we’re glad you’re here. Crypto fanatics will love to tell you about all the advantages of crypto and the media usually focuses on the negatives. We’re here to help provide clarity on the real pros and cons of cryptocurrency and why we believe it’s here to stay.
The exchanges we list and recommend are the most trusted in the crypto space and have the vast majority of the more established cryptocoins available to buy quickly and safely.
You’ll have already seen Bitcoin in the news, you might have heard of Ethereum too but there are many other fantastic projects worth looking into. Have a read through the information we’ve put together and decide what you think is the best fit for you and remember it’s good to diversify your portfolio.
There are multiple ways to buy cryptocurrencies, from peer-to-peer, exchanges and brokers. At Crypto Coach we like to keep things simple, as such we recommend using exchanges to buy your crypto. It’s really easy to buy cryptocurrency online with a simple card payment or bank transfer via crypto exchanges, like Coinbase, Kraken and many more. The exchanges we list operate globally, are regulated and quickly allow you to use GBP, EUR, USD and many more traditional fiat currencies to buy the cryptocurrency of your choice.
Storing your cryptocoins securely is one of the most important areas within the crypto space. There are many options available to keep your investment safe, you’ll need to decide what’s right for you. We would always recommend what’s known as cold storage/hard wallets, as only you hold the keys to your digital safe. One of our favourites is Ledger, although there are plenty more to choose from so see what is best for you.
Now you’ve started your crypto journey, go learn how to use your crypto. We have put together some handy helpful guides on how to send and receive crypto, where you can use it and how to track it. Go explore and keep developing you crypto knowledge!