If you want to invest in cryptocurrency, this guide should help you do it in the best way. We explain how to get started, with the choice of platform and the strategy to adopt, which cryptos to turn to and how to buy cryptocurrencies easily.
Step by step, you will discover the steps to follow to invest in cryptocurrencies in 2022, minimizing the (very real) risks and placing your money on the most promising virtual currencies.
To properly approach the world of cryptocurrencies, which may seem complex at first, it is better to be accompanied. This involves choosing the most reliable crypto platform, on which you will open a free account to trade safely. Step 1: Choosing the right crypto trading platform
The first thing to do, when you plan to invest in cryptocurrency, is to find the platform that will help you do it safely, and preferably in an easy way. To get started, it is wise to choose a renowned cryptocurrency platform that can accompany you.
You will then be able to trade (buy or sell) cryptocurrency, via these reliable intermediaries. Some offer you directly to buy Tokens (crypto tokens) that you will hold, others bet on CFD trading which consists of betting on positive or negative price developments to make money.
These cryptocurrency brokers do not all offer similar services and if you are a beginner, you are invited to opt for a platform that simplifies things. With this in mind, Etoro is perfectly suited. This platform has made it its mission to popularize crypto trading and as we mention in our review on Etoro, its mission is rather successful. Step 2: Open an account
Once the platform is chosen, you will only have to open your trading account. It’s free, and you’ll just have to enter the requested information, which is usually the following: last name, first name, nickname, email address and password.
Subsequently, you will be asked to certify your majority, as trading is prohibited to minors, and potentially to pay a minimum deposit to start trading. Step 3: Learn how to buy and sell crypto
You are ready to invest in cryptocurrency… at least theoretically. If you have never done this, it is highly recommended to practice a little before investing real money and there is a very good solution to do this: the Demo Trading Account.
This is a trader account simulation, with which you will be able to invest in cryptocurrency with a virtual amount. For example, on Etoro, you have $10,000 to invest as you see fit, to verify that your strategy is working or that your investments are sound. Step 4: Place your crypto orders
Once you master your subject, all you have to do is place orders, i.e. buy/sell crypto. To do this, choose the cryptocurrency you are interested in and type its name or code in the search bar (Ex: BTC for Bitcoin). You will arrive on the page about it and you will only have to indicate the amount or number of units you want to acquire (or sell).
Depending on the nature of the trade (direct or CFD), you may have to adjust certain parameters before validating the trade. Once the trade is concluded, in case of purchase, your cryptocurrencies will be stored in a crypto wallet, either online or on an external device according to your choice.
Note that if you trade cfds, you will need to master leverage and take the necessary precautions to minimize the risks involved.
As you can see, there is nothing very complicated. But before following these steps, we recommend that you compare cryptocurrency trading platforms to find the one that suits you best. Here is our selection! Which platform to choose to invest in cryptocurrency?
There are several ways to get cryptocurrency (sale of property with payment in crypto, direct purchase, CFD trading, etc.) and more and more financial institutions are offering to invest in cryptocurrency. So that you do not waste time skimming all the available offers, we have identified for you 6 reliable and secure platforms.
Etoro is a recognized crypto platform, used by more than 11 million individuals on the planet. It has the certifications and regulations in force to practice, and currently offers to trade in CFDs no less than 50 cryptos. There is therefore choice and the neo-trader to invest in several virtual currencies to balance his portfolio.
Where Etoro stands out from its competitors is with its social trading functions. The site offers its users various possibilities to trade by taking inspiration or reproducing identically the financial operations carried out for expert traders. Those who are just starting out will be able to copy effective strategies without having to fumble for too long.
We can salute the very simple interface to approach, the presence of a free demo account to make your hand quietly before investing, as well as the many training tools, guides and tutorials available on the platform.
To invest in cryptocurrency simply, Etoro is the most affordable platform.
- Well-thought-out and easy-to-use interface
- Wide choice of crypto to trade
- A free demo account
- Social trading features
- Low fees and commissions
- Withdrawal fees and inactivity fees
- Some incomplete analysis tools for expert traders
Binance is a well-known and widely used crypto platform in the world and it has its own cryptocurrency: the Binance Coin (BNB), which is currently the 3rd cryptocurrency in terms of market capitalization.
The site offers a very wide choice of virtual currencies, with more than 100 cryptos to trade. Enough to satisfy all those who want to invest in cryptocurrency by varying investments. It is a solution that makes it possible to bet on the positive growth of various cryptos, compensating for the potential declines in value of some by the growth in value of others.
It is a reliable platform, used by more than 15 million people worldwide. It specializes in crypto investments and therefore does not allow trading other financial products.
- Specialized in cryptocurrencies
- Its own token: the BNB (Binance Coin)
- Guides and tutorials to get started correctly
- No deposit fees
- Fairly low commissions
- No demo account
- Inability to trade other financial products
Coinbase has been an active platform in the cryptocurrency market for over 10 years. It is also one of the most used at the moment, with its certifications and the ability to trade 12 of the most popular cryptocurrencies.
It is accessible in more than 100 countries, offers good tools to train when taking your first steps in the crypto world and facilitates transactions by accepting several means of payment.
Despite some fees a little higher than elsewhere, Coinbase offers security and ease of use that will easily appeal to novice traders as well as those who are already familiar with crypto trading.
- More than 10 years of experience in the crypto market
- Security guarantees and global certifications
- Usable in more than 100 countries
- A clear interface
- Well-thought-out training tools to get started
- Reduced number of cryptocurrencies
- Sometimes high fees on certain transactions
Kraken stands out from the competition, offering cryptocurrencies that are not necessarily found elsewhere. For those who want to invest in a cryptocurrency that has not yet hatched, but seems to show interesting signs of growth, this is an opportunity to watch.
Launched in 2011, Kraken offers many analysis tools, as well as customer service available every day at any time. A good point, to which is added the minimum deposit of only 1 dollar to start on Kraken.