Natu, “What is Crypto”? “What should I Invest In”? (Updated 2018)
I had the privilege of jumping on the bandwagon when the bandwagon was more stealthy, or less mainstream. When Bitcoin reached $10,000 USD, I have been swarmed with requests for additional information.
A few caveats to the public before we get started:
This is not financial advice; you are responsible for your own money.
All my resources are to be seen as research and conjecture. I do not claim having done any of it with my personal assets or money in the past or present.
With that…
Step 0
Understand what crypto and blockchain is. If you invest in something, you must do due diligence and at least know what you’re getting yourself into. Click here for a piece that takes you through what cryptocurrencies, blockchain, and bitcoin are all about.
Step 1 Buy Cryptos.
1a) First thing to do is to get crypto wallets.
- Get an Ethereum wallet here: myetherwallet.com
- Get a Bitcoin wallet here: blockchain.com
Wallets are how you fill yourself with cryptos. Read this (click here) and understand how to safely keep them. There are many wallets, and each crypto has it’s own. Do your own due diligence in choosing the best for your needs.
1b) Buy Cryptos.
In Canada, Quadriga is the best way to buy cryptos (great balance of fees and service).
Click here to get a Quadriga account (referral code), the best way to buy cryptocurrencies (in Canada).
Now that your cryptos are purchased, you can either send them to your wallets for safe keeping, or you can trade them. It is good practice to not keep the majority of your cryptos on trades long term because you don’t have control over them. Keeping them in your wallet is the best.
If you have a significant amount, consider hardware wallets like the Nano Ledger or the Trezor.
1c) Trade Cryptos.
Trades are how you buy and sell cryptos if you would like to switch. They can operate like a stock market that never closes. There are many trades, but Binance is one of the largest trades.
Click here to get a Binance account (referral code), one of the best places to trade cryptocurrencies.
Step 2
Join my email list where I push out exclusive cryptocurrency advice on the latest market trends (as well as a business kit):
Step 3
Read this great article that teaches about the basics of investing, including dollar/cost averaging: https://medium.com/sci-ventures-blog/the-best-way-to-answer-should-i-invest-in-bitcoin-c07a5956620d
Step 4
Read my first primer on initial coin offerings, another potential way of investing in crypto: https://freestartupkits.com/my-first-ico-investment-was-an-8x-win-1a36eeb28386
Then read the follow up on how to actually partake and cash out: https://freestartupkits.com/how-to-invest-and-cash-out-of-initial-coin-offerings-icos-erc20-tokens-197ff36c8e6f
Step 5
Want to create your own Cryptocurrency smart contracts? Maybe build your own token? Read this!
Any questions (after reading these)? Shoot them my way!
Author: Natu Myers
(Website: Natumyers.com) (eBook: NatuBook.com)
