Investing in cryptocurrency: find out how and get started now

Learn everything you need to start investing in cryptocurrency now.

Investing in cryptocurrency is a market that combines technology and innovation and is attracting people who are looking to diversify their finances in a smart way. It also allows them to explore new opportunities in an increasingly digital and connected environment. 

With a high growth potential, investing in this segment means entering a dynamic universe full of possibilities. It’s for these and other reasons that we’ve put together a guide to help you stay on top of this universe full of opportunities. Let’s go!

What are cryptocurrency?

Cryptocurrencies are digital currencies that operate in a decentralized way, i.e. without depending on banks or governments. They offer global accessibility, allowing you to send and receive money from anywhere in the world. In addition, they are protected by blockchain and sold within an exchange, which makes transactions more secure.

Another advantage is that cryptos represent an opportunity for growth, since currencies like Bitcoin have already appreciated by more than 1,000% in just a few years. However, as it is a new and decentralized market, knowledge is essential to invest wisely.

What is an exchange?

An exchange is a digital platform where you can buy, sell and trade the various types of cryptocurrencies currently available. It works like a stock exchange, but focused on digital assets. 

Exchanges connect buyers and sellers, allowing transactions to be carried out safely and efficiently. There are two main types: centralized exchanges, which are managed by a broker and intermediate the purchase for the client.

Decentralized exchanges, on the other hand, work directly with the blockchain, i.e. without intermediaries. In addition to trading cryptos, many exchanges also offer services such as digital wallets and analysis tools for investors. This way, you can start investing in cryptocurrency in a safer way.

Learn about the crypto world

An excellent way to start getting familiar with market tools is by watching content and exploring educational materials. It’s important to understand the fundamentals of Bitcoin and Ethereum, which are the main currencies. Knowing their history and how they came about will help you understand which market you want to enter.

In addition, subscribing to reliable newsletters, such as those by Messari, Lyn Alden or Caleb Fronza, can help you keep up with market analysis and perspectives. For more technical learning, BitLab Academy offers complete courses on crypto.

Understand how to investing in cryptocurrency

To get started, research the right ones and choose the one you think is most reliable for your operations. Create your account and complete the identity verification required by most platforms. Then add funds via bank transfer, credit card or another accepted method. 

Before investing, research the currency, its function, history and potential. In addition, diversifying your portfolio is a great strategy to ensure better returns and avoid losses. In other words, don’t just buy one type of crypto, buy several types, of different values.

Then transfer the assets to a secure digital wallet in a hot wallet, such as MetaMask, or cold wallet. Basically, these types of wallets are intended to protect your customers from online attacks by hackers. They are therefore essential for ensuring the security of your transactions.

The main crypto brokers

Coinbase is known for having a user-friendly interface, perfect for beginners, with a simple and intuitive interface. It supports more than 150 popular cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), ensuring a wide range of assets. It also offers high security, including offline storage of assets and insurance against hacks.

Kraken, for its part, stands out for its competitive rates, which are especially attractive for those who trade large volumes. The platform has advanced options such as staking, futures and margin trading, ideal for experienced investors. With 24/7 customer support and a strong security record, it is a reliable choice for transactions.

Other popular options include Binance.US, with low fees and advanced tools, and Gemini, which combines strict regulation and a premium interface. eToro stands out for its social trading, allowing you to copy strategies from experienced investors, as well as integrating cryptocurrencies, stocks and ETFs on a single platform.

Learn about the main cryptocurrency investments

A great way to get started is by investing in cryptocurrency that are already established on the market, such as Bitcoin and Ethereum.The buy and hold strategy is one of the most common and aims to hold assets such as Bitcoin and Ethereum for the long term. It stands out for its simplicity and is ideal for those seeking appreciation with less constant monitoring.

Another option is to take advantage of short-term fluctuations by day trading or swing trading. These strategies allow you to make quick trades, with daily or week-long operations. Both offer high liquidity and are suitable for investors who follow the market closely.

Alternative investments, such as staking and decentralized finance (DeFi), are also growing in popularity. Staking makes it possible to generate passive income by supporting blockchain networks with assets such as Cardano. DeFi projects and NFTs offer innovation, variety and new opportunities in the digital world.

Uncover about the main cryptocurrency

Finally, the main cryptocurrencies on the market stand out for their popularity, usefulness and innovation. Bitcoin (BTC) is the pioneer and remains the most recognized, widely used as a store of value. Ethereum (ETH) is the benchmark for smart contracts, enabling the development of decentralized applications.

Other highlights include Binance Coin (BNB), used on the Binance platform and in DeFi projects, and Cardano (ADA), known for its focus on sustainability and efficiency. Solana (SOL) is also gaining attention for its fast transactions and low fees, while Ripple (XRP) is widely used in global payment systems.

In addition to these, Polkadot (DOT) offers interconnection between blockchains, and Litecoin (LTC) is recognized for its speed and low costs. Stablecoins like Tether (USDT) and USD Coin (USDC) are popular for maintaining a stable value, tied to a fiat currency, such as the dollar or the euro. These cryptos show the diversity and functionality of the market.

With this guide, you can start exploring the world of cryptocurrency investments and achieve your financial freedom. In this way, we hope you can build your wealth more easily. See you next time!