Cryptocurrency Starter Guide

Cryptocurrency Starter Guide

19 januari 2021 by Cieber

You want to start with Crypto but don’t know where to begin? This guide will help you take your first steps in the Cryptocurrency world. Note: We do not provide financial advice. Don’t invest what you can’t afford to lose3

What’s a Cryptocurrency?
A cryptocurrency is just like a digital form of cash. You can use it to pay friends for your share of the bar tab, buy that new pair of socks you’ve been eyeing up, or book flights and hotels for your next holiday. Because cryptocurrency is digital, it can also be sent to friends and family anywhere in the world. Bitcoin is the most popular cryptocurrency

Where can I gather more information about Cryptocurrencies?
You can start with Coinmarketcap. CoinMarketCap is a cryptocurrency industry utility that aggregates and reports recently-traded prices for hundreds of cryptocurrencies traded on hundreds of platforms around the world. For each currency it reports the total value of the outstanding currency (the “market capitalization”), its total trading volume and its rank by trading volume over the past month and the past 24 hours.

Where can I buy my first Cryptocurrency?
We advise to use the following exchanges:
Bitvavo (especially for EU customers)
Binance (Biggest exchange by trading volume)
Coinbase (Easiest to use, but high fees)

Where can I store my Cryptocurrencies?
We advise to buy a wallet like Ledger or Trezor. If you keep your cryptocurrencies at an exchange, and the exchange goes dark, you lose all your cryptocurrencies. When you have your own wallet, it’s your responsibility to keep your money safe. Nobody can access is without the private keys you own.

This blog will be continuously updated with more information

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