How to Buy Crypto Without Going Crazy (or Losing Your Wallet)

Forget all the sophisticated talk—getting your first crypto is easier than people say it is. You don’t have to be a Wall Street genius or spend all day in the basement coding on six screens. Let’s make this easy. Learn more information here!

First, pick a store to buy from. You have a lot of apps and websites to choose from that will change cash into bitcoin. Some are fast, while others feel like dial-up. They all have their own eccentricities, like various fees, currency, and guarantees of security. Don’t just toss a coin. Look at reviews to learn what real people like or don’t like about the service, and be on the lookout for hidden fees.

Next, you need to open your account. You should be okay with giving out some personal information, such your name, email address, and sometimes a “wanted poster” style selfie of you holding your ID. This is how trades keep problems at bay, even though it can be a little annoying. After you get beyond that digital obstacle, you’ll attach something that holds your money, such a bank account or card. Some people like the fast thrill of cards, while others use bank transfers to prevent surprise fees. Before you click, read the terms.

Before you put all your money in, slow down. Cryptocurrency moves more than your favorite ride at the amusement park. Put money away that you won’t cry over if it disappears overnight. If seeing stocks go down makes you sick, be careful here.

You can now buy. First, choose the coin. Bitcoin is at the top, but don’t forget about the new coins. Every coin has its own personality and mood. Look through the headlines to see if there is any controversy or buzz going on. Then consider about how much volatility you can handle. If someone online says it would make you a millionaire overnight, get out of there.

You don’t have to pay the whole price of the coin. Take whatever part fits your budget. Check the amount three times. Typos are bad. Press “Buy” when it seems good.

You now possess crypto. Congratulations! The next thing you need to do is find a place to store it. It’s easy to leave it in your exchange account, but it’s not foolproof; a big hack may wipe it away. Put your coins in a hardware wallet for extra safety, just like you would put your valuables in a digital lockbox at home. Just don’t lose the keys; no one will be able to help you if you do.

Keep those private keys safe like a secret. If you lose them, you’ll never get your coins back. It’s not too hard to buy crypto, but you need to be on your toes because the prices can change quickly and there are security issues. There are no shoulder straps here. Hold hold tight and try to have fun.