What Else About Crypto?
So you are here because you have decided you want to know more and engage more with cryptocurrencies. Please keep in mind that you need to educate yourself and be positive that you want to invest before you invest. You need to understand the risk that it brings along. Just like any other investments, know where you put your money into. Also remember that the prices of cryptocurrencies are very volatile. ***PAY YOUR TAXES***
The first thing you will want to do is research the top cryptocurrencies and the top altcoins. When I say research I mean research, like where is the official website behind the cryptocurrency? Who are the developers and the team and are they accredited? What is the total Market cap of the specific coin you would like to invest in? Do you see potential growth? How does that specific cryptocurrency use and implement blockchain usage? Are Investors actuallys investing in this coin or are you catching a coin earlier than others? Is the coin minable? Do you want to "Mine" Or just "Hold" or "Trade" this specific coin?
These are all questions that you must keep in mind when you are doing your research on cryptocurrencies. I will provide accredited price charts/graphs. Once you have decided the specific coin you would like to invest in or purchase these are the suggestions provided by Crypto Info.
Price Charts/Graphs
Note that most of these exchanges and cryptocurrency services have a KYC (Know Your Customer) policy and require you to have a valid ID and or Driver license. For the most part if you live in the U.S you will most likely need to have an active bank account to purchase certain coins. If you do not have a bank card or a bank account you can easily order a card and get setup with paypal.
Now that you have your active bank account ready to go you want to set up a cryptocurrency wallet and link your bank account. Remember that you might need a valid ID as these legal exchanges comply with the KYC (Know Your Customer) & Anti-Money Laundering laws. Here are a few of the top accredited & legit exchanges.
DO RESEARCH BEFORE USING ANYTHING
Bisq is as P2P(Peer2Peer) Exchange Network that does not require an account to be created. (Computer Software Download)
ShapeShift Is a cryptocurrency exchange site that does not require and account but this website/app is only for swapping coins for one another (Crypto for Crypto)
There you have it the rundown on cryptocurrency incase you are still a little bit confused here are the recaps on the steps. Also remember to find out local laws and tax regulations on cryptocurrency as some parts of the world they are completely banned.
Find out local laws and regulations
Research coins and ICO's your interested in
Find coins with potential growth
Find a reliable and most benificial exchange for your investment
Create and account if needed Or download software
Buy Bitcoin!
If you want anything other than bitcoin it's always best if you purchase other cryptos with bitcoin
Decide what type of wallet you will store your funds in
Rinse and Repeat. Know when to Cash out and proceed cautiously
