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Feb 21 2021 03:45pm
hi im new on crypto money and i wanted to invest in but i dont know how it works for now and need help to what to buy and what to not buy ...

If you guys can help me its going to be great thank you and hope an answer :thumbsup:
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Feb 21 2021 05:52pm
Where do you live? This matters, especially if you are in the US as we are a bit more regulated here.

Cryptocurrency is purchased on an exchange using fiat (us dollars, etc). Popular exchanges would be Coinbase, Gemini, Kraken, Webull, and many more. You deposit funds to the exchange and can then buy a cryptocurrency of your choice, whether it be Bitcoin, Ethereum, or many of the countless others.

When you buy a crypto currency on an exchange, its stored there, you don't physically control it. You can move currency from an exchange to a wallet (software or hardware) and then have control over it. This is useful if the exchange ever got hacked, went down, went insolvent, or the government stepped in with some shady dealings. Not critical at first but a must know if you plan to be in this space.

I would start by learning what cryptocurrency (and also cryptology) is, why it can benefit society, the risks involved, the use case of a particular coin you are thinking of investing in.

I would also recommend reading the Bitcoin whitepaper after you get your feet wet. It gives you an idea of why it exists, which you can then apply to other cryptocurrencies and read their whitepapers.

There is a lot to learn, but you have to start somewhere. I don't want to flood you with too much. Watch a few YouTube videos on what a crypto currency is, what is Bitcoin, what is decentralization, and go down the rabbit hole.

E: I won't tell you what to buy as that is very subjective. Do research and learn what is useful to the world and why, my money is on those. For every good coin there are many shit ones.

This post was edited by jlhromeo on Feb 21 2021 05:53pm
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Feb 21 2021 06:03pm
Quote (jlhromeo @ Feb 21 2021 06:52pm)
Where do you live? This matters, especially if you are in the US as we are a bit more regulated here.

Cryptocurrency is purchased on an exchange using fiat (us dollars, etc). Popular exchanges would be Coinbase, Gemini, Kraken, Webull, and many more. You deposit funds to the exchange and can then buy a cryptocurrency of your choice, whether it be Bitcoin, Ethereum, or many of the countless others.

When you buy a crypto currency on an exchange, its stored there, you don't physically control it. You can move currency from an exchange to a wallet (software or hardware) and then have control over it. This is useful if the exchange ever got hacked, went down, went insolvent, or the government stepped in with some shady dealings. Not critical at first but a must know if you plan to be in this space.

I would start by learning what cryptocurrency (and also cryptology) is, why it can benefit society, the risks involved, the use case of a particular coin you are thinking of investing in.

I would also recommend reading the Bitcoin whitepaper after you get your feet wet. It gives you an idea of why it exists, which you can then apply to other cryptocurrencies and read their whitepapers.

There is a lot to learn, but you have to start somewhere. I don't want to flood you with too much. Watch a few YouTube videos on what a crypto currency is, what is Bitcoin, what is decentralization, and go down the rabbit hole.

E: I won't tell you what to buy as that is very subjective. Do research and learn what is useful to the world and why, my money is on those. For every good coin there are many shit ones.


thank you for your post and all the info and recomandation you give me its very interesting .

i will do some research like you suggest but im in quebec canada so i dont know if im good like you said its more ez on us but i will giive it a try .
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Posts: 51,592
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Feb 21 2021 06:41pm
Quote (Ebah15 @ Feb 21 2021 07:03pm)
thank you for your post and all the info and recomandation you give me its very interesting .

i will do some research like you suggest but im in quebec canada so i dont know if im good like you said its more ez on us but i will giive it a try .


Canada has access to Binance, Bitbuy, Coinberry, Coinbase, Kraken, and many others. Things are not as regulated as in the US.
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