How to get into cryptocurrency in 2024

Cryptocurrency is on the rise this year and will continue to do so as ETF's from the "internet money" as it once used to be called more mainstream. With its popularity its great to understand the basics of investing into the risky asset, the risks it poses and to process to invest into it.

What is crypto?

Cryptocurrency is essentially a digital asset designed to work as a medium of exchange that uses cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets. It operates independently of a central authority, such as a bank.

What are the different core types of cryptocurrency?

There are many different types of cryptocurrencies, but some of the most popular ones include Bitcoin, Ethereum, Ripple (XRP), Litecoin, and Bitcoin Cash

Important things to note before investing

a) Take the time to understand how cryptocurrency works, the different types of cryptocurrencies available, and how the market operates.

b) Decide whether you are investing in cryptocurrency for the long term or looking for short-term gains.

How to buy crypto

Buying cryptocurrency is a relatively straightforward process,

1) Choose a reputable exchange (you can use revuto or crypto.com)

2) Create an account

3) Transfer your coins to a secure wallet

NOTE: this information is for informational purposes only. Be sure to do your research, understand the risks involved, and only invest what you can afford to lose.