Thinking about diving into crypto? That's cool. Let's get rid of the discussion about the "mysterious future of finance" first. Crypto won’t grant you three wishes. Think of buying crypto like riding a bike—it’s tricky at first, but fun once you learn.
Let's talk about wallets before you hit "buy." https://www.tradu.com/my/buy-crypto/
No, not the leather one in your back pocket. Think of them as digital strongboxes. What are hot wallets? Always on. Hackers love them like mosquitoes love ankles. What are cold wallets? They're like stashing cash under your bed. Cold storage is safer, but lose the key and it’s gone forever—no reset button.
Next up are the exchanges: Binance, Coinbase, and Kraken. Sound like mythical beasts, right? Each has its own vibe and coin variety. Coinbase is easy for beginners to use. Binance? It’s packed with options, but feels like the wild west. Kraken is the choice for security buffs. And remember, you’re not locked in. Feeling sketchy about your exchange? Move.
Let's talk about payment. Payments? Bank, card, or Apple Pay—take your pick. Get ready to show some ID. They’re not searching for aliens, just making sure you’re human. Fees multiply quicker than lost socks—so check the details.
What coin should you get? Bitcoin still rules, but Ethereum’s no slouch. Want something more unusual? You can get into Solana or even Dogecoin, but be careful because some coins are memes first and investments second. Don’t go all-in on crypto. Mix things up and maybe even store some cash under your mattress like the old days.
Have you heard of FOMO? Yeah, it’s real. No joke. Tweets about crypto go up and down quickly, and prices go up and down even faster. See a price rise and think, “Should I jump in?” No, maybe not. Sometimes the best thing to do is to wait, take a breath, do some more study, and not buy into the hype. There will always be another chance in the markets.
Keep your passwords secret—like your grandma’s best cookie recipe. Using two-factor? Gold star for you. Otherwise, it’s time to step it up.
You don’t need to be a genius to get into crypto. Riding the Bitcoin coaster needs guts, smarts, and a sense of humor. Don't forget that it's your ride. Hold on to the handlebars and stay balanced. And maybe in a year or two, you can look back and chuckle at the mistakes you made when you were just starting out and realize how far you've come.