New to crypto, my research begins

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Maybe I’m late to the game but I started looking at crypto this week and see what it would take to start buying some. It’s an interesting world. If feels like current crypto users thinks it’s on the brink of going mainstream until you start looking what it takes to buy and hold it.

There’s lots of information but for the common person just wanting to get started it seems full of risk, fraud, and complexity.

First you need to decide if your in it for an investment or for currency. If it’s just investing it in, Robinhood or SoFi might work for you. But if you want to own and hold your crypto like cash it’s much more complex.

You need a “wallet” to hold the money. But there’s risk if you lose the device that holds your wallet.

https://en.bitcoin.it/wiki/Storing_bitcoins

If your looking for which wallet to use here’s a few options.

https://bitcoin.org/en/choose-your-wallet

https://bitpay.com/

https://electrum.org/

Once you have a wallet you need to decide were to purchase your crypto from. Below is a list I’ve started collecting. I haven’t signed up with any yet.

https://www.binance.com/en

https://crypto.com/

https://cash.app/

https://www.investvoyager.com/

https://blockfi.com/

https://www.kraken.com/

https://www.gemini.com/

round silver and gold coins
Photo by David McBee on Pexels.com

With all the reading I’ve done the one thing I know I learned is to take it slow and understand what your doing. There are a lot of hidden fees involved in the entire process. Reading the reddit forums there are LOTS of people looking to rip others off, so be careful.

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