STEPS TO GET INTO CRYPTO MARKET
Learning about crypto
market is the one of the easiest way to get rich if you are patient and you
have managed to invest into a coin that is more likely to have a bright future
crypto currency trading
is no longer for the rich even the poor people now days can get into crypto
world with just a few bucks, in order to enter in this thrilling world of
digital asset, here are the simple steps in order to get you started
1.
GET THE KNOWLEDGE ABOUT CRYPTOCURRENCY
You must learn a concept
of crypto currency, at least you must have the idea of what is it you are going
to do once you invest in crypto world, learn how the trade can be done by the
investors, how to manage loss, what are the most important coin in the market,
which one you should invest into
2.
CHOOSE THE BEST PLATFORM
There are lot of platform
where you can invest and trade your crypto currency but you must look those
which are the best and convenient to use, get familiar with the platform before
you can put your money in it, there are lot of platform now days but some of
them include Binance, coinbase, bybit, kraken, superEx and so on
Click one of the platform if you wish to join BINANCE, BYBIT OR SUPEREX
3.
REGISTER AND VERIFY YOUR ACCOUNT
Once you sign up to the
platform, then you will be asked to verify your identity this is just a normal
process for any crypto platform that you want to join, once you are verified, you
can choose to set 2F authentication for the securing of your account then you
are ready to go
4.
DEPOSIT SOME CASH
Now after verification
you will need to deposit some money into your account, now days a lot of
platform accept even small amount of money to begin with like $10 this should
be affordance to anyone
5.
SELECT YOUR FIRST CRYPTO
With the money you have
in your account you can now choose which currency would you like to buy, and here
is how things work, you buy a currency when its price is low then you hold it,
once the price of the currency goes up then you sell it
For example, you can buy 0.00935491
BNB for 2 USDT or USD then you hold that BNB after a while or a day or a week
it goes up now 2 USDT may be equal to 0.0120309 now you just sell your BNB to
get back USDT
The most populate crypto
coin are bitcoin(BTC), etherium(ET), binance coin
(BNB), doge coin(DOG), Solana (SOL) and many more
6.
LEARN TO MANAGE THE RISK
One of the most important
thing once you get into any business is learning how to manage the risk, you
must try your best level to avoid the risk hence don’t invest your money into
to the coin that you don’t know or you are not familiar with
7.
LEARN AND GROW
Continue to get more
experience through trading, learning from others there are lot of tutorial on
YouTube that teach about cryptocurrency, follow some market news, join social
groups, familiarize yourself more and more about cryptocurrency
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