Yesterday, we talked about the What and Why of Cryptocurrency.
Today, I’ll be talking about How To Invest in Cryptocurrency
So Hang with me, I’m about to get pretty techy here
To buy Cryptocurrency, you’ll need something called a digital wallet-usually in an app that can hold your currency.
Before you have a digital wallet, you’ll need to create an account on a crypto exchange.
An exchange is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies & stable coins (USD, NGN, USDT, BUSD).
Some of the Top Cryptocurrency exchanges are:
1. Binance
2. Coin base
3. Kraken
4. Gemini
NOTE that CryptoHood highly recommends BINANCE as the best crypto exchange to buy and sell your crypto coins.
After creating an account, you can transfer/deposit real money from your bank account, although consequent upon the Federal Government ban from bank processing crypto-related transactions, you can buy through P2P. That's a topic for another day.
HOW MUCH IS NEEDED TO INVEST IN CRYPTOCURRENCY?
As with any new investment, it is important to do your research on cryptocurrency to understand all of the risks involved.
Or,
You could sit down with a well-experienced investor, one who understands how the crypto market works; what moves prices up and down, who cares about protecting your hard-earned money.
More so, one who is willing to help you invest, trade, right, and groom you with a one-on-one guide.
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