How To Invest In Cryptocurrency For Beginners

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Cryptocurrency

If you decided to become a crypto investor, but have no idea where to start, this article will help you. We will discuss things to pay attention to when picking a crypto asset and the best platforms for trading cryptocurrency for beginners.

Choosing A Crypto To Buy

Searching for a crypto project to invest in, check the following criteria:

  1. The essence of the project: what value does it have, what problem does it solve?
  2. The availability of coins (tokens) on major crypto platforms.
  3. The liquidity of the asset.
  4. The project’s social media and updates.
  5. The project’s backers and early investors.
  6. The price fluctuations: how did the asset’s rate change, and what affected it?

Once you analyse the project by these parameters, it will become clear to you whether it is worth investing in it or not.

You can visit Coinmarketcap or any major crypto exchange to check cryptocurrency prices live. Rates are changing dynamically and rapidly, and it gives a lot of earning opportunities for traders.

Cryptocurrency Trade For Beginners

If you are a beginner and have not got any crypto coins, here is how you can get them. Pick one of the popular crypto exchanges. We recommend the following services:

  • WhiteBIT
  • Coinbase
  • Kraken.

These crypto platforms are easy to handle on the first try. They all belong to a centralised type of exchange, which means they share the responsibility for users’ funds and are motivated to provide the highest security level of cryptocurrency trading for beginners and experienced traders.

To buy crypto, you can use your bank card. For that purpose, create an account on one of the mentioned platforms, pass KYC, deposit your account with your card and click the “Trade” button. Pick the asset you wish to purchase and proceed with the transaction, paying the fee. The before-mentioned services provide a full set of trading tools, so you can start from the easiest swap operations and move on to more complex instruments.

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