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Tips For People New To The World Of Cryptocurrency – Points To Note

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If you’re new to crypto, there are some set of rules and guidelines that you need to know about. Because crypto can seem like an intimidating industry to get started with, we want to make sure you have the best possible chance at success by sharing this guide on everything you need to know before diving into crypto investing. If you are planning to invest in Bitcoin, here’s why People Prefer Bitcoin.

What is cryptocurrency?

Cryptocurrency is popularly known as a digital currency that processes digital transactions securely using cryptography. Cryptocurrencies are decentralized, meaning they operate without any central authority or bank. Bitcoin is known to be the first ever invented crypto currency in the world that was founded in 2009, with a combined market cap of over $200 billion USD.

How do you store your coins?

One of the first things you’ll need to do when starting out with cryptocurrency is figure out how you’re going to store them. The most common way, which we’ll get into in more detail below, is by using an online wallet. When it comes to talking about an online wallet, it is mainly known as a digital currency wallet that stores the public and private keys that can be used to receive or spend the cryptocurrency. 

These wallets are usually hosted by companies on their own servers. This means that they are not owned by users themselves but instead rely on security measures provided by the host company.

Where can I spend my crypto cash?

You can spend your crypto cash on anything from a cup of coffee at Starbucks, to a taxi in Dubai. You can also use crypto-cash to purchase gift cards at places like Amazon or Nike. There are even some restaurants that accept cryptocurrency as payment. A few examples of these are PizzaForCoins, which accepts Bitcoin, Ethereum, Litecoin, Monero, and Dash for pizza orders; Beyond the Bun is happy to take Dogecoin payments; and you can buy burgers with Bitcoin at Burger Bear.

How safe is cryptocurrency?

The idea of investing in cryptocurrency is enticing. After all, it’s the world’s first decentralized digital currency, with a limited supply that seems to keep going up in value. But it also can be intimidating, even if you have a general understanding of how it works. You may not have time or expertise to do your own research into which digital currency is the right one for you, but there are some things you should know before deciding anything.

Is it too late to invest in crypto?

It’s never too late! If you’re new to investing in cryptocurrency, the best time is now. There are a lot of reasons why it’s a good idea: 

  1. No one knows exactly how Cryptocurrency will play out in the financial investment market, but there’s no doubt that the financial investors will never find B
  2. When it comes to investing in Bitcoins, you can choose to invest small amounts of money if you don’t have that much financial capacity. There’s no need to spend thousands of dollars or even hundreds of dollars in case you are planning to buy some Bitcoin, Ethereum or other forms of cryptocurrencies. 
  3. Cryptocurrencies are extremely volatile in nature, the financial investors have seen their fair share of ups and downs over the last few years. 
  4. New coins are being created all the time. Some people might see that as a bad thing because it dilutes their crypto investments, but others see it as an opportunity to make money from trading coins with low market caps on exchanges like Binance or Poloniex.
  5. Crypto was made for YOU (not just billionaires). These currencies were designed so anyone could use them- not just rich people with millions of dollars in their bank account looking to diversify their portfolio into something risky enough to get them excited about life again.



There is a lot of information about cryptocurrency out there, so you should always do your research before making any investments. If you are new to crypto, this blog post was designed to give you the basics of what crypto is, how it works, why it matters and how it can help the world.