Investing in Cryptocurrency is gaining rampant popularity across the world, especially with the skyrocketing profits that people are experiencing with investments. However, people aren’t being logical about the same. For the most part, people are investing in Bitcoin because some people have gained tremendous profits from it. However, this is where most people are going wrong. You can be good and lucky with your bet on tennis but investing in cryptocurrency requires proper knowledge.

Here, we will be walking you through some of the most common practices you need to follow as a beginner when it comes to investing in cryptocurrency.

Be Assertive of How Much You Want to Invest

When it comes to any form of investment, you need to decide how much of your investment portfolio you want to dedicate to cryptocurrency. Try and make sure that the amount is limited to a small percentage and you don’t end up blowing all your money on crypto because the first rule to investments is diversification. If you don’t diversify your investment profile, you are going to end up regretting the investment in the long run.

Investing in Cryptocurrency

Research about the Cryptocurrency

Before you begin your investing journey on cryptocurrency, you must research the type you want to invest in. Sometimes, people follow the herd and end up investing in something everyone else is. While you might end up witnessing substantial profits, in the beginning, the issue arises when you are blindsided. So, research the crypto market, and only then should you move ahead with the choice that works the best for you.

Choose a Reliable Platform

Another factor worth considering when investing in crypto is the platform you invest it on. Some platforms are known across the world and there are a few new ones that are a complete waste of time. You want to invest via platforms that are transparent about the investment process and can reap profitable results in the process.

Beginner's Guide to Investing in Cryptocurrency 1

Store the Currency

While you are purchasing the item, ensure that you keep a check on the storing process. Most of the cryptocurrencies are stored in the cryptocurrency wallet. However, the topic of storage is quite complicated and can leave you questioning a lot of things. So, try

and ask a professional about the same. The purpose of a wallet is to help you store the cryptocurrency and later access it on the blockchain with the public key.

Secure Everything

The reason why you need to keep a check on the market is that like stocks, even this one goes up and down. So, it isn’t even a question that you need to pull out the money whenever you need to. The last thing you want to do is end up making an investment that all goes down the drain because you didn’t secure the money on time.

Cryptocurrency is quite tricky if you don’t follow the rules. Your primary objective is to ensure that you educate yourself about the currency, the investment

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin37,821 0.81 % 1.12 % 10.79 %
Ethereum2,574.0 1.46 % 3.19 % 18.71 %
Tether1.000 0.37 % 0.04 % 0.26 %
Binance Coin384.11 1.59 % 0.24 % 18.58 %
USD Coin1.000 0.11 % 0.25 % 0.08 %
Cardano1.090 0.72 % 2.41 % 25.98 %
Solana96.91 1.46 % 1.18 % 31.58 %
XRP0.6272 0.95 % 2.05 % 16.66 %
Terra61.34 3.27 % 6.91 % 23.82 %
Polkadot18.63 1.79 % 1.73 % 25.84 %

bitcoin
Bitcoin (BTC) $ 37,763.00
ethereum
Ethereum (ETH) $ 2,570.14
tether
Tether (USDT) $ 0.995446
binance-coin
Binance Coin (BNB) $ 384.24
usd-coin
USD Coin (USDC) $ 0.996719
cardano
Cardano (ADA) $ 1.08
solana
Solana (SOL) $ 96.75
xrp
XRP (XRP) $ 0.625373
terra-luna
Terra (LUNA) $ 61.54
polkadot
Polkadot (DOT) $ 18.54