what are the processes one needs to take to invest in crytocurrencies?

[Good-Person]

I have heard a lot of stories about people who invested in crypto curriencies turn millionaires over night.
Since I am a novice, I would be glad if people could share some knowledge here. Thanks

First of all, trading or investing in cryptocurrencies is not a get rich quick scheme. People who became millionaires by investing in cryptocurrencies did not become millionaires overnight. It took them almost 10 years to become millionaires. People who invested in Bitcoin in 2010 became millionaires in 2020.

 

[tyrim88]

Cryptocurrency investment is a modern day investment scheme and there’s little or no theoretical analysis on the scheme. However, it’s best advised to carry out a personal analysis on the cryptocurrencies. Having done this, you can proceed to opening an account on any cryptocurrency exchange platform and start trading and investing

One of the reason why it is very advisable to carry out thorough research on the the right crypto to invest in,is because some coin do not really have a good prospect of growth.

 

[Adecyptii]

Crypto trading and investment seems to be the best way of making money online,even though its risky because it requires someone to have knowledge and skill about it,one has to engage himself in online class or training about crypto before he start crypto trading which will make him to earn money.

 

[Dagm1]

The procedures to get started with cryptocurrencies are not difficult at all; all you need to do is get a crypto currency wallet and make sure it's a trustworthy wallet, such as blockchain, before you begin your transactions.

 

[eLdavis]

The procedures to get started with cryptocurrencies are not difficult at all; all you need to do is get a crypto currency wallet and make sure it's a trustworthy wallet, such as blockchain, before you begin your transactions.

From your experience so far with crypto currency and crypto wallet, which would you consider as the most trust worthy wallet?

 

[greenie]

According to my own point of view cryptocurrency is a good business to invest, once you buy you wait for sometime for it to appreciate then you sell back and you get your profit but if you want to make millions in cryptocurrency then you must invest large sum of money because the higher you invest the higher profit you get.

 

[Sotherefore]

Well I don't really understand what you want, but I believe the thing you really have to do is to check out some of these things on YouTube because YouTube have all the information you need on how to start crypto currency as a newbie.

 

[Kaffyfolla]

These are the processes to be taken in by Cryptocurrency

• First create an account on a centralized exchange (see above)
• Create a hot wallet (ie. ...
• Be sure to physically write down your secret passphrase on paper and keep it safe!
• Transfer crypto from the wallet on your centralized exchange to your hot wallet

 

[Sincerem]

You just needs to have an account in trusted platforms that stores cryptocurrency or exchanges for buying cryptocurrency. Sometimes you just have to carry out research In the type of cryptocurrency you have in mind to really check the problem they have been able to solve in the cryptospace.

 

[greenie]

Cryptocurrency investment is a modern day investment scheme and there’s little or no theoretical analysis on the scheme. However, it’s best advised to carry out a personal analysis on the cryptocurrencies. Having done this, you can proceed to opening an account on any cryptocurrency exchange platform and start trading and investing