Cryptocurrencies are an exciting new technology that will disrupt many things you didn’t even think about. Despite the fact it is an awesome new technology, it’s very hard for beginner to get the foot in the door without getting scammed. This is the main reason for this ultimate beginner guide for crypto.
Cryptocurrencies are the safest, fastest and transparence asset in the World. But because of their security, you always have to keep them very save. Every error ist inevitable and may lost in your funds. This page will help you discover the wonderful crypto world without getting tricked and avoid beginner mistakes! The use of this step-by-step guide is to minimize the risk and maximize your knowledge.
You will learn how protect your computer, buy crypto on a recommend exchange and store your coins safely.
1Before you properly dive into the matter of cryptocurrencies, you should have understood the basic concept of Blockchain. Also regarding the security of your assets and your computer. To make it easier for you to get started, I put together my favorite lecture, which are also available as audiobooks. If you already know the basic concept, I recommend the Bitcoin and Ethereum whitepaper for further reading. There is also a cryptocurrency wiki where all your questions are answered.
2The majority of all viruses and malware is transferred to the PC while surfing. A powerful browser, whose job it is to prevent this, is ideal. Brave has the focus on privacy with integrated blocker against ads and trackers. He also has a Tor integration for maximum anonymity on the Internet. While you surf, you can decide for yourself if you want to see ads and get a corresponding payment or block everything. You can also spend your earned cryptocurrencies directly to publishers of sites to support them (such as us * wink *).
3There are thousands of crypto exchanges on the internet, but few are nearly trustworthy. Keeping track of the black sheep is hard, but dont worry we help you. Two of the biggest crypto exchanges maybe you’ve already heard of are Coinbase and Binance. These are serious, safe and suitable for beginners. You can buy directly by bank transfer or credit card and get crypto currencies.
4„Not your Keys, not your Coins“ – That sums it up very well. There are many ways to store your Crypto but the safest is a cold storage like Ledger Nano. If you don’t have one it is also possible to store your coins on a software Wallet wich you can install on your devices. But keep in mind that ist not that save. If you got hacked, your assets may all be lost. We would recommend a hardware wallet for your assets.
5Besides the argument crypto ist he safest asset in the world and a good investment, it is also easy to spend. This credit cards are coming with an online wallet or App where you can temporarily store crypto assets you want to spend. They will be converted into fiat money during the payment process.
6If you already read the basics about crypto and blockchain there are other great books I would recommend to increase your knowledge. The must read is “The Bitcoin Standard” by Saifedean Ammous and “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas Antonopoulos which, starting from monetary theory to digital money, looks at all facets of the new digitized human being and puts them into a context with assets. I can fully recommend these books for every advanced reader.