This week's episode gives 7 steps to safely get into cryptocurrency investing.
7 Steps to Safely get into Crypto
1. Educate yourself about the cryptocurrency space and get a familiarity with the way these markets work, be sure to have set specific goals and time horizons in place, and realize that this IS NOT and SHOULD NOT be viewed as a get rich quick scheme. Investing involves risk of losing ALL of your CAPITAL but this risk can be mitigated through strategic risk management.
2. Order your cold storage wallet for your crypto. I prefer the Ledger Nano X. Always get your cold storage wallet directly from the manufacturer and NOT from eBay or other reseller. *NEVER LEAVE LARGE AMOUNTS OF FUNDS ON EXCHANGES. NOT YOUR KEYS. NOT YOUR CRYTO.*
3. Open an account with Crypto.Com Signup Link - https://platinum.crypto.com/r/ eqme9aewvn The app is very user friendly, fees are low, crypto is easy to get on and off of the app, debit card works as an off ramp for your crypto as well.
4. Open an account with Gemini Signup Link: https://gemini.com/share/ek7dya2e and find at least 2 other exchanges that you have accounts with. You don’t have to fund them all. Use only one in conjunction with the crypto.com app as an off ramp if needed. The other exchange accounts are for you to have in the future when the market heats up and exchanges aren’t able to handle to volume you always want to have alternatives to convert your crypto to fiat if and when you need to
5. Fund the account of the exchange that you wish to use on a consistent basis and DCA in accordance with the plan that works for your goals.
6. REPEAT STEP 1. Do Your Own Research is a never ending task. Even if you’re not buying and selling coins consistently you should always keep abreast of the current market goings on. The crypto space moves quickly and be first to act on solid projects will do wonderfully positive things for your portfolio.
7. Make your first crypto currency purchase. And move the coins to your cold storage d repeat until you reach your Moon…..
======== ESSENTIAL CRYPTO RESOURCES ========
♦ Recommended SIMPLEST Option to Buy Bitcoin/Ethereum:
Coinbase Signup Link - Receive $10 of FREE BITCOIN when you use this
link to sign up for Coinbase and invest $100 - https://www.coinbase.com/join/ii_6eo
♦ Recommended SIMPLEST Option to Buy Bitcoin/Ethereum with a Debit
Card:
Crypto.Com Signup Link - https://platinum.crypto.com/r/eqme9aewvn
♦ Recommended Alternate Option to Buy Bitcoin/Ethereum:
Gemini Signup Link: https://gemini.com/share/ek7dya2e
♦ Recommended Exchanges to Buy Altcoins:
Binance Signup Link: https://www.binance.com/en/register?ref=28277010
Kucoin Signup link: https://www.kucoin.com/ucenter/signup?
rcode=2MMP4bg&lang=en_US
======== SOCIAL MEDIA LINKS ========
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======== DONATIONS ========
♥ BTC - bc1q4s6fac2y8xwr5h7jgtl5sef7hh4e980h0005hq
♥ ETH - 0x0335E53F3fB5c6A5fDF46AbdF5E9ced0772EF9AC
DISCLAIMER: 2Rich 2Miss/Your Southern Voice/richardhawks2 is not a financial advisor. This is not financial advice. Everything said in this video is the sole opinion of those who appear in it. The statements in this video are not investment or trading advice. This video is intended solely for educational and/or entertainment purposes only. Always do your own research before investing. Trading cryptocurrencies is extremely risky. Do not trade on any exchange that prohibits trading from your geographical region. Never invest more than you can afford to lose. 2Rich 2Miss/Your Southern Voice/richardhawks2 is not responsible for your losses or gains as a result of buying, selling, or trading cryptocurrencies. This video, description and/or comments may contain affiliate links. By utilizing any of the these links you are helping to support the channel as we do receive a commission.
Thank you for your support!
How to Simply & Safely get started in Crypto Currencies
1. Educate yourself about the cryptocurrency space and get a familiarity with the way these markets work, be sure to have set specific goals and time horizons in place, and realize that this IS NOT and SHOULD NOT be viewed as a get rich quick scheme. Investing involves risk of losing ALL of your CAPITAL but this risk can be mitigated through strategic risk management.
2. Order your cold storage wallet for your crypto. I prefer the Ledger Nano X. Always get your cold storage wallet directly from the manufacturer and NOT from eBay or other reseller. *NEVER LEAVE LARGE AMOUNTS OF FUNDS ON EXCHANGES. NOT YOUR KEYS. NOT YOUR CRYTO.*
3. Open an account with Crypto.Com Signup Link - https://platinum.crypto.com/r/ eqme9aewvn The app is very user friendly, fees are low, crypto is easy to get on and off of the app, debit card works as an off ramp for your crypto as well.
4. Open an account with Gemini Signup Link: https://gemini.com/share/ek7dya2e and find at least 2 other exchanges that you have accounts with. You don’t have to fund them all. Use only one in conjunction with the crypto.com app as an off ramp if needed. The other exchange accounts are for you to have in the future when the market heats up and exchanges aren’t able to handle to volume you always want to have alternatives to convert your crypto to fiat if and when you need to
5. Fund the account of the exchange that you wish to use on a consistent basis and DCA in accordance with the plan that works for your goals.
6. REPEAT STEP 1. Do Your Own Research is a never ending task. Even if you’re not buying and selling coins consistently you should always keep abreast of the current market goings on. The crypto space moves quickly and be first to act on solid projects will do wonderfully positive things for your portfolio.
7. Make your first crypto currency purchase. And move the coins to your cold storage and repeat until you reach your Moon…..