4.
Take the following steps:
- Decide what you want to invest in. The first step to take is to decide what cryptocurrencies to invest in. Since there are more than thousand of them, making a decision on which one to buy is crucial.
- Set aside some money for investment. Everything requires planning and goal setting. So, the second step to take is to decide how much you would like to invest in crypto assets either weekly or monthly. Keep aside the amount you wish to invest and watch out for the right time to invest it.
- Sign up for a cryptocurrency wallet. You’ll need a wallet address with which to request and receive the coins you will buy. There are different types of wallets such as Bitcoin wallet, Ethereum wallet, etc.
- Join an exchange. Now that you have signed up for a cryptocurrency wallet, you still have to join an exchange because this is where you will be trading. There are a lot of exchanges, like HitBTC, Bitfinex, Bittrex, Coinbase, BitstamP, etc.
- Purchase your cryptocoins. After creating an account at an exchange, it’s time to start buying. If you have no idea how to do this, get in touch with the support team and they will be glad to guide you.
- Move your coins to offline hardware storage. An offline hardware storage will help you store the coins off the internet servers where they are protected from hacking.
Please note that investing in crypto assets is risky. You should conduct your own research when making a decision.
*The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.