Being that we live in the age of FOMO, it’s only natural that you might be wondering how to start in crypto. We certainly can’t blame you, whereas all signs are pointing to a future of digital, decentralised currency. For instance, have you heard about intimate, the new crypto established by Australia’s own Reuben Coppa? It will make purchasing adult content safer and swifter than ever before, taking all of the lag or inconvenience associated with third party processing off the table entirely. The future’s looking bright, indeed.
We sat down with Coppa and asked him about getting starting in crypto. His first piece of advice was to check out the original bitcoin whitepaper document, which lays out all the original intentions behind the decentralised, peer-to-peer payment system. He also suggested taking baby steps at first, i.e. making small, incremental purchases of bitcoin or altcoins before throwing down a major investment. Be sure to check out the video to hear Coppa’s full take. Suffice to say, the man is one supremely informed individual when it comes to crypto!
Here are the basics. In order to buy or sell cryptocurrency, you’ll need a wallet, i.e. a personal account that allows you to store and exchange your stash. When obtaining a wallet, you’ll be given a public key for sending crypto, and a private key for accessing your account. Wallets come in various forms (online, software, hardware, etc), each form ranging in terms of security and accessibility. Online wallets are probably the easiest to obtain, but also the riskiest to use. For your convenience, we’ve listed out some of the best bitcoin and crypto wallets in a previous article–check it out to get started on the right foot. As you’ll see, many online exchanges come with built-in wallets.
Once you have your wallet, you can either find a crypto broker or visit numerous exchanges to purchase crypto directly. Worth noting is that most, but not all, exchanges require ID verification in order to either purchase crypto or withdraw funds. Additionally, if you live in Australia, be sure to read our articles on how to buy cryptocurrency and bitcoin in Australia, and the best bitcoin and crypto exchanges in Australia, whereas not all exchanges are created equal. As you’ll soon discover, buying and selling bitcoin and other crypto is not only easy, but quite fun.
So to summarise…
Steps to Start Investing in Cryptocurrency
- Obtain a crypto wallet.
- Visit a crypto broker or reputable exchange.
- Link your bank account and purchase bitcoin or altcoins.
- Store your bitcoin in your wallet.
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