How to get started with cryptocurrency

I will start by giving you a little background information on what cryptocurrency is about.

Cryptocurrency is not an actual coin, but a digital currency, an alternative form of payment. It uses encryptions to secure transactions as well as to control the creation of new units.

Because cryptocurrency is just like a digital form of cash, it can be sent to friends and received anywhere in the world. 

Unlike traditional online payment gateways like (PayPal or banks) which hold your money for you and help to transfer it on your behalf when you want to spend it. In cryptocurrencies, there isn't an intermediary or an organization. You and thousands of others can act as your banks – no middlemen required!

To use cryptocurrency, you don't need to sign up for a website with an email address and password. There is a wide variety of apps you can download onto your smartphone to begin sending and receiving within minutes.

 

Let's get you started.

I will share some learning tips that will help you gain deeper knowledge about cryptocurrency as crypto is both difficult and volatile. The intense interest in cryptocurrency has resulted in a large number of scams and frauds, so you need to be careful.

 

Blockchain 101

Firstly, I'd highly recommend you start by finding out what lies below the fabrics of crypto.  Enroll for this free course with Melanie Swan on udemy. Understand the basics and potential applications of blockchain technology.

 

The Binance Academy.

Binance has some awesome articles that at least touch the surface enough to be of real help when getting started on your crypto journey.

Visit—to extend your learning.

When you now have a basic idea of what crypto is, start by getting into stable coins first (e.g USDT).  These are coins tied to some real-world value like the dollar or gold. They aren't volatile, and you can still get pretty good interest rates with them.

After watching the markets for some time and getting a feel of how the market behaves and what drives prices, you could start to invest in non-stable coins like ( $BTC, $ETH, and $BNB). 

Cryptocurrency is both difficult and volatile. A long-term investment strategy is a much smarter idea for the average investor than short-term trading strategies.

The value of cryptocurrencies changes continuously so the journey you take will always be different than that of other people.

It is more beneficial to buy some cryptocurrency at a low price and hold onto it until it rises in value while your investments appreciate over time. I always recommend people to Buy, hold, sell and make a profit.

Don't be left out Start now Cryptocurrencies like Bitcoin have opened our eyes to a world of endless possibilities.