Did you know that about 10% of people currently invest in cryptocurrency? The market is also blowing up faster than ever before. So fast, in fact, that many experts believe that crypto may be the future of money.
If you’re looking to start trading crypto, there are a few things that you’ll need to keep in mind. Read on for three of the top crypto tips to remember before investing in 2022.
Invest (and Invest ASAP)
You can spend Bitcoin and other cryptocurrencies online extremely easily assuming that you have a digital eWallet. Many people also are spending Bitcoin in stores since tons of major retailers are increasingly accepting it. Those that don’t also often take Bitcoin debit cards like Visa and Mastercard offer.
However, our biggest crypto tip is that you shouldn’t spend it all. Save some- its value increases over time.
The crypto market is growing by a projected 13.8% yearly (at least between now and 2025). That means that if you invested $1000 today, you would make $138 in a single year. You would have more than doubled your profits in 10 years.
You then can sell this crypto back and get the excess fiat currency. You can get so much cash for having done nothing but wait.
Know Where to Buy and Sell Crypto
There are a few ways that you can start buying crypto:
- Online exchanges, where you are paired with an anonymous seller that automatically gives you Bitcoin in exchange for cash
- Peer-to-Peer exchanges/direct exchanges, where you know who you’re buying crypto from and therefore can make a more informed exchange
- Mining, which isn’t really a form of buying crypto so much as earning it by sealing off transactions on the blockchain ledger for an aware
- Bitcoin ATMs that let you buy Bitcoin in person at your local grocery store, convenience shop, or bank as you would use a regular ATM
Understanding all of these ways to access cryptocurrency helps you to make a more informed decision.
Generally, those exchanging in Bitcoin find the ATM kiosks to be the most secure and convenient method of crypto access. However, if you’re looking at accessing any crypto other than Bitcoin, you’ll need to buy it online.
Learn About Non-Bitcoin Cryptocurrencies
Many people’s knowledge of cryptocurrency starts and ends with Bitcoin. However, since there are over 12,000 different digital currencies on the market, it’s important that you at least understand that you can branch out.
Learn how to buy Graph, Etherium, and other types of digital assets. This makes the process of buying and selling crypto much more diverse. You will have nearly limitless options.
Beyond the Top 3 Crypto Tips
While investing in cryptocurrency might sound like a daunting task, it’s well worth it. Now that you know the best crypto tips to get you started with trading cryptocurrency, it’s time to get more information about the technology used to keep crypto transactions secure.
Check out the “tech” tab on our home page to learn more about computers, the blockchain, and beyond!
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