Cryptocurrencies are fascinating, helpful, and profitable – but complicated. New people hear about cryptocurrencies daily, but the topic seems too difficult to comprehend for many.
What do you want from crypto? Why are you getting involved? Are you interested in technology?
Do you intend to be a crypto enthusiast, an investor, or a trader? Let these questions bouncing around in your head. Find genuine answers to them.
Map out a plan for your future actions and intentions. When you’re done, research what you need to do to achieve your goals.
Understand wallets. You need to be familiar with wallets and exchanges. Wallets are digital software used to store cryptocurrencies. Each wallet is unique and possesses distinct features. Some wallets are more secure than others.
The most secure wallets are hardware such as Ledger, which gives you complete control of your private keys. You can keep large amounts of coins in them. Electrum and MyCelium are suitable for keeping little cash.
While investing directly in cryptocurrency may be the most popular way, traders have other ways to get into the crypto game, some more directly than others. These include:
- Crypto futures: Futures are another way to wager on the price swings in Bitcoin, and futures allow you to use the power of leverage to generate massive returns (or losses). Futures are a fast-moving market and exacerbate the already volatile moves in crypto.
- Crypto funds: A few crypto funds (such as the Grayscale Bitcoin Trust) also exist that allow you to wager on the price swings in Bitcoin, Ethereum, and a few other altcoins. So they can be an easy way to buy crypto through a fund-like product.
- Crypto exchange or broker stocks: Buying stock in a company poised to profit on the rise of cryptocurrency regardless of the winner could be an exciting option, too. And that’s the potential in an exchange such as Coinbase or a broker such as Robinhood, which derives a considerable chunk of its revenues from crypto trading.
- Blockchain ETFs: A blockchain ETF allows you to invest in companies that may profit from the emergence of blockchain technology. The top blockchain ETFs expose you to some of the keys publicly traded companies in the space. But it’s important to note that these companies often do much more than crypto-related business, meaning your exposure to cryptocurrency is diluted, reducing your potential upside and downside.
Each method varies in riskiness and exposure to cryptocurrency, so you’ll want to understand precisely what you’re buying and whether it fits your needs.
CatCoin; is one of the safest places to get started; it provides the lowest risk compared to other sites. Catcoin is a community project designed to be a safe space for everyone, focusing on supporting people new to blockchain technology and crypto assets.
The team of CatCoin is open and maintains regular AMAs on Twitter and Telegram to ensure that all community members have a platform to be heard.
The project is also keen to give back to the world; as such, we became the founding sponsor of the Cats for Vets charity and will continue to support Cat based charities as the project grow.
The mission of CatCoin is to spread our love and support to all cats and kittens around the globe and ensure a bright future for them. They help by growing catcoin popularity then funds will be donated to organizations for cats and kittens’ Healthcare. (the magic cycle: Love of cats grows the catcoin project and increases in popularity, investors gain more capital catcoin donations help cats and kittens in need).