How to get started with cryptocurrency, Coinbase, Bitcoin and Ethereum

If you want to get into crypto, here are five things to get started. If all you want to do is invest in Bitcoin, skip to step 3 and then jump to my referrals to get started right away.

Step 1 – Do Your Homework And Learn The Lingo (See additional Resources below)

Step 2 – Don't listen to me, a podcast, or read an article and decide to buy some random cryptocurrency you think is going to be the next big thing. You need to do your homework before you invest. Believing someone talking up a project, a token, or an alt-coin without doing your own research is foolish. Never trust anyone pushing a project; often, they have some benefit from others buying in.

Step 3 – Decide where you are going to keep your investment - digital wallet(s) - an exchange - stake it... (I do all three, but personal ownership through a cold wallet is the safest.)

Step 4 – Identify the token(s) you want and then learn how to buy them. The two most common places are exchange or a decentralized finance protocol that is used to exchange cryptocurrencies. If you are buying crypto on Robinhood or PayPal, you aren't actually buying crypto; you are buying exposure to crypto. If you don't have the keys, or in other words, if you can't transfer the crypto off the platform into a personal wallet, you don't own it.

Step 5 – Don't invest more than you are willing to lose.

REFERRALS

Coinbase: The most trustworthy exchange of cryptocurrencies in the world and the largest in the US. Learn how to trade and use it here.

Strike App: Use this link for a referral to an easy-to-use app that allows you to buy and sell Bitcoin using the lightning network, faster and cheaper transactions, and a great pay-to-use Bitcoin to pay for things and receive payments. Please use my link so I can receive the referral bonus; thanks. I also have a Roth IRA retirement account with I Trust Capital that allows me to buy, sell, and trade crypto, Gold, and Silver with zero tax on gains. If you use my referral link, I get $200.

Decentralized digital currency exchange (DEX): Safer in some ways than using a centralized exchange, DEXs allow peer-to-peer transactions that can provide cheaper transactions, greater privacy, and security as there is no use of a third party. This is for people who are a little more savvy or have put in the time to do their homework. I would suggest Uniswap, but there are several options, including Curve, 1Inich, PancakeSwap, Balancer, SushiSwap, and many more.

Additional Resources:

Find whatever resources you want here: Cryptositeslist.com/
30 Must-Know Cryptocurrency Terms For Dummies Cryptopotato.com/basic-crypto-terms/
"Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network." Blockchain overview
See what the transaction fees are currently (Gas fees) Ethgasstation.info/
Most people go to learn basics about almost any coin: Coingecko.com/en/exchanges

The best Explanation of Bitcoin I have ever heard:

YouTube channels I follow:

Altcoin Daily: Youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw (Best daily update and crypto news)

Lark Davis: Youtube.com/watch?v=EPhA99FPLM0 (Good regular news updates and greater market analysis )

Digital asset News: Youtube.com/@DigitalAssetNews (Good regular crypto news updates)

Chico Crypto: Youtube.com/channel/UCHop-jpf-huVT1IYw79ymPw (Great in-depth analysis and research) Update: No longer creates new content, but there is a lot you can learn from searching past content.

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