Investing in cryptocurrency is not unlike investing in stocks, it is even easier to invest in cryptocurrency because the entry threshold is very low, unlike the stock market
Introduction
You already know from the article What to start with for a Crypto newbie #2. What is ICO, IDO, INO, IGO and others, you can invest into project before you go to exchange, but what to do, if you don’t want or you don’t get into such projects?
And here comes to the aid of good old-fashioned investing, but the problem is that newbies only know about BTC,ETH and meme coins, while there are about 20.000 different coins on the market, in different networks and with different purposes and how to choose coins and where to find them we will solve in this article
What does a beginner need to know before starting to invest in cryptocurrency?
First you need to know the basics of the crypto market
Crypto market works 24/7
The rate of all cryptocurrencies mainly depends on Bitcoin
Investing is a high risk, but cryptocurrency investments have an even bigger risk: the rates of some cryptocurrencies can easily go up by hundreds of percents in one day and fall to zero in next to no time
Not all assets have high liquidity
Not all assets are available on the same exchange (You will need to be flexible here)
Fundamentals of investing in cryptocurrencies
The most important thing you need to start investing is
An account at one of the CEX exchanges
Or a wallet to access the DEX-exchanges
For beginners I advise to have an account on one of the CEX-exchanges
Continued article in 2 days…
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https://www.binance.info/ru/activity/referral-entry/CPA?ref=CPA_004YH1H8A4
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