Cryptocurrency Bitcoin price
Before you jump in, get educated on the ins and outs of this fast-growing industry. For example, you should be able to explain the value of blockchain technology and decentralization to friends and family. If you're interested in bitcoin, you should know why concepts like cryptographic hashes and mining are important to its function. How to cryptocurrency If you intend to use your crypto for NFT purposes, a software (hot) wallet like MetaMask might be your best choice. To get started with MetaMask, read our how-to guide. Here we break down how to get started with the software, how to fund it, and how to connect to popular NFT marketplaces.
Once you have a basic understanding of crypto, setting up a self-custodial wallet is the first step to buying your first Bitcoin or alt-coin. A cryptocurrency wallet holds your private and public keys, which allow you to interact with various blockchains to send, receive, and manage your crypto. It’s important to understand that a wallet does not actually store any crypto, but it records transactions related to your crypto. By creating a new wallet, you are generating unique addresses for each coin that no one else in the world will have, giving you a way to send or receive crypto. Check out all of the available wallet options on our platform. 1. Understand what you’re investing in In the last five years alone, the market cap on cryptocurrencies has risen by more than 10,000 percent—an unprecedented leap in the history of investing. Knowing that cryptos are volatile isn’t supposed to stop you from investing in them; it’s supposed to prevent you from mistaking a sudden spike in the market for a sure thing. Instead of pouring your money into every new token that experiences a bump, look for tokens with a long history of appreciating in value.