• 07948 570815
  • This email address is being protected from spambots. You need JavaScript enabled to view it.

Advertisement
Bitcoin Exchange CEX.IO

Powered by Investing.com

Tech Bull UK Shop

Guide to getting into Cryptocurrency?

Guide to getting into Cryptocurrency?

If you have spent any time buying and selling stock over the last few years, then you will have at least one friend who won’t shut up about why it’s either exactly the right time to be getting into cryptocurrencies.

The ongoing mainstreaming of crypto means that more and more people are investing in it, but if you have yet to dip your toe in, the whole world of it can seem a little intimidating. However, its growing popularity means that it’s easier than ever to get started. Here are a few tips to help you get on your way.

Find An Exchange With A Good Reputation

Before you buy any cryptocurrency, you need to pick the right exchange to buy from. Now, as we mentioned, this is a market that is getting more and more popular and there are no end of exchanges making big promises. But if you’re just getting started, then the most important thing is your security and your peace of mind. Do your research and pick one with good reviews and a good reputation. It may set you back more cash, but it’s worth it.

aleksi raisa DCCt1CQT8Os unsplashAlso see: Thirty per cent of UK investors feel they have “missed the boat” for Bitcoin

Be Patient With Your Planning

Of course, your research shouldn’t begin and end with the exchange. Cryptocurrencies have a tendency towards to volatility, and things can be pretty damn hectic out there. As a result, you won’t be short on options flying at you and spur of the moment decisions can give you a huge boost or can sink you fast. So, do your legwork, don’t rush any big decisions, but be prepared to stay agile. A diverse portfolio is a good way to offset any sudden downturns, but you should also be prepared to ride out any stormy weather.

Advertisement

Look For Opportunities

It should really go without saying, but given how hectic this market is, you should always keep an eye out for any low-risk ways to make a bit of extra coin. No one is going to hand you a big virtual bag of Bitcoin, but there are ways to get Bitcoin for free. There are competitions and games you can play, sign-up and referral bonuses are a handy way to garner some coins, or you can always exchange your skills for some freelance Bitcoin. Traders of Crypto have put together guides for beginners as well as seasoned traders to help them give their wallet a boost.

Think About Crypto Storage

If you’re going to be trading cryptocurrency then you are going to need a virtual wallet. There are plenty of options available that help you keep track of your coins as well as giving you easy access for any trading or purchases. However, it will also be worth setting up what’s known as a cold wallet for added security, something like a USB or external device which you can unplug and store offline to protect against any security issues on your main device.

Advertisement
Bitcoin Exchange CEX.IO


Advertisement
eToro wallet

AdvertisementIT Security Centre UK

Newsletter Subscribe

Advertisement

More Cryptocurrency Articles

More Tech Bull Articles

© {2019} Tech Bull UK. All Rights Reserved. Powered by Tech Bull UK