First Day In Crypto
- wewatson
- Apr 17, 2024
- 1 min read
Updated: Jun 5, 2024
We recognize that diving into the world of cryptocurrency can feel overwhelming at first. That's why we've laid out a step-by-step guide to help you navigate your first crypto transaction with confidence. Whether you're buying, selling, or trading, our easy-to-follow process will walk you through each step, ensuring a smooth and successful experience in the exciting world of crypto.
The first thing you need to do if you want to enter the crypto space is find a platform to watch and track your investments. We've linked 3 very common ones down below. On these platforms you can track all cryptocurrencies, create portfolios, watch list, and much more.
Once you have a way to track your crypto investments, you're ready to make your first purchase. Depending what country you're from, you will have to see what exchanges are allowed in your country. Below we link 3 things – CoinMarketCap and CoinGecko Exchanges ranked by volume, and an example of how Canadians can get money in crypto.
Now that you have made your first crypto purchase, consider buying a Cold Wallet. A Cold Wallet is an offline wallet where you control your crypto keys. The wallet is only online when you're making transactions, making it nearly impossible to hack. Another reason you should get your crypto off exchanges is just in case exchanges collapse like FTX. *None of these wallets below are recommendations, they are only examples.
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