If you came to this article it was because you are interested in the universe of cryptocurrencies, and possibly you already know something about Bitcoin or Ethereum, or have heard about stablecoins or blockchain technology that enables all these developments.
But there are always doubts. Will it be better to start with Bitcoin? Or with stablecoins? What, in short, is the best way to enter this market? Before continuing, reflect a little on why you want to enter this new economy: to make money, to test technology, to preserve value, to transfer it abroad more quickly and economically…
The important thing is that you identify your case, and that you do nothing because a friend, a family member or someone from your work did it. It is essential that you make decisions based on analyzing your own needs and possibilities. What you need to start buying cryptocurrencies
The first step you already gave: to know the crypto world and the existence of its market. If you want to expand your knowledge, you can review the Guides that we publish in this same Launchpad, a site that we recommend you explore thoroughly so as not to stop learning new things.
A common question is whether you need to buy an entire bitcoin. Well, no: Bitcoin operates to up to 8 decimal places, so you can get fractions and pay them in pesos without having to shell out so much money as to buy an entire BTC. Keep in mind that each way of trading cryptocurrencies has its particularity and its difficulty.
One of the simplest and safest that we can recommend is through a platform like Ripio, where you will be able to operate with bitcoins and other cryptocurrencies directly in pesos and from Argentina. You just need to create and activate your account.
As you learn more about the field, and gain confidence, you will come across hundreds of different cryptocurrencies, each with its own characteristics. To start, it is advisable to operate with the most famous and valuable, the pioneer Bitcoin. Although you should always keep in mind that its price varies permanently, and in the short term you could lose part of your value, as well as multiply it. An alternative is to opt for less volatile cryptocurrencies: stablecoins such as DAI or USD Coin, for example.
How to operate with the greatest safety
Just as in any market or business that involves financial assets, in this universe it is very common for there to be tricksters and hackers eager to find their next victim.
The first thing to keep in mind is that there is no such thing as easy money. Miraculous promises of big profits, guaranteed by “financial market geniuses,” tend to be scams. Remember: even the most conservative investments do not guarantee a return. Don’t believe in miraculous promises.
But, even dodging scammers, you also need to protect your digital assets and tech devices. There are many safety precautions that you can take on the platforms where you operate, such as Gravel.
In other words, information is everything. Some first steps you should take are to research ways to protect your keys, access your cryptocurrency wallet from secure devices, and use private internet networks and never public networks to operate. Are you ready to start trading?
So that you can check if you are already alert to start your internship in the crypto world, we invite you to ask yourself these questions.
- Am I aware that I’m not going to get rich in a month?
- Do I have the information to identify if the platform where I am going to operate is serious and suitable?
- Does that platform meet my needs? Is your operation within reach of my level of knowledge?
- Do I have a secure way to access that platform?
- Do I already know which digital asset I want to buy and why?
With all that fresh information and decisions made, it’s time to sign up for the platform of your choice. In Ripio, the creation of new accounts is very simple, and in these articles we take out all the doubts of how to do it.
Once you’ve registered, most platforms ask you for an identity validation process, but don’t chase yourself: it’s just some data to ensure that you’re who you declare yourself to be.
Once you have activated or validated your account, you will be able to fund your wallet with deposits in fiat currency and start buying cryptocurrencies.
Yes, we are insistent, but do not forget: the best way to operate in the crypto world is to be clear about the reasons and permanently analyze the information about the platforms, currencies and conditions.
To begin with, with this article you already have a good overview of what care to take to enter the world of cryptocurrencies.
If you have any questions, please contact us.