How To Buy Crypto: 5 Cryptocurrency Tips That Could Actually Make You Money Within Weeks

Cryptocurrency tips: How to buy cryptoSo you want to make money in Crypto huh? Heard it’s the new goldrush huh?? Awesome… well I have some cryptocurrency tips that are going give you a much better chance than if you went it alone.

Before we get into it though, I want you to see something.

In this video, you’re going to learn how an eccentric multi-millionaire cracked the crypto code and is now raking in the BIG BUCKS. Crazy video, so make sure you watch it.

Ok ready? Let’s do this…

Half a decade ago, if you walked down the street, stopped a person at random, and asked them if they knew any cryptocurrency, you would probably be met with stunned silence. Take the same scenario today and you will be met with the word ‘Bitcoin’.

Today, cryptocurrencies have turned out to be a household phenomenon after several individuals became millionaires overnight. However, was it an overnight success?

The purpose of this page is simple; to break down, all intricacies about cryptocurrency for you to best understand the phenomenon of digital currency. Thereafter with the information obtained, you will be able to make a better investment strategy to either buy into the current cryptocurrency trend or not to.

How to buy Cryptocurrencies without being a mathematician or a rainman super genius

What I’m going to show you is a popular service which is being used by thousands of people right now. It’s called Coinbase and they make the whole process of buying and selling crypto SUPER SIMPLE.

Coinbase

These guys make it super easy to buy. Use them.

Step 1 – Create your account

Create your account at coinbase.com or download the coinbase app for your phone. Coinbase is a popular digital exchange platform that is not only easy to use but also widely trusted.

Agree to the terms and conditions that are presented in the declaimer. Soon after you will be welcome with charts on the trending movement of the various cryptocurrencies.

Step 2 – Setup payment info

Now that you have an account, you will need to add a means of purchases. This is done by clicking the ‘Buy/sell’ button on the website or tap the ‘buy’ tab on the app.

By doing this, you can connect your coinbase account to a bank account for the purposes of a large buy or sale of assets in this case cryptocurrencies that may take up to 5 days to process. Additionally, the process allows you to link your account to a credit or debit card for instant small investments.

Step 3 – Select how much

With that all done, click or tap the buy button again. You will be presented with a variety of cryptocurrencies that are available for sale. Select the amount of money (US Dollars) you are willing to spend.

The program will show you its equivalent in either Bitcoin or any other cryptocurrency you are ready to buy in addition to the coinbase transaction fee.

Step 4 – Place your first transaction

After you have decided on the amount of money as well as the cryptocurrency of your choice, confirm the transaction by clicking or tapping the buy button to complete the purchase process. For first time clients, you may get a verification call from your bank to confirm the purchase.

4 Simple Steps on how to buy Cryptocurrencies WITHOUT Coinbase

In the instance you would wish to buy Ripple or one of the new cryptocurrencies, you will have to select another purchasing option other than coinbase. One of the most popular alternatives is Kraken.

This platform supports Bitcoin as well as Ether in consort with the smaller currencies such as Ripple or Stellar. It should be taken into account that using Kraken is not as straightforward as using coinbase.

Kraken

If you don’t like Coinbase, then use these guys.

Step 1 – Setup an account/get verified

Visit the Kraken website at kraken.com and set up an account. Once you are active click on ‘Account’ and select the ‘Get verified’ option. Here you will have to provide your details such as name, phone number, as well as address (select Tier 2).

You are may perhaps be required to provide a legal government-issued ID as proof of residence (Tier 3) to withdraw cash from a sale of assets, depending on the locations of your bank and self.

Step 2 – Deposit funds

After you have an active account in your name, you will be required to deposit funds used in transactions. To do this, you will have to go to ‘Account’ and click on the ‘funding’ button. With this, you will be allowed to deposit funds. From this point, you will be obligated to follow the instructions provided to initiate a wire transfer from your selected bank account.

Step 3 – Buy your chosen Crypto

After transferring funds into the account, you are now ready to buy. Click on ‘Account’, followed by ‘Trade’, and finally ‘New Order’. From here, you will pick the desired cryptocurrency as well as the government-backed currency (Dollar, Pound, Yen or any option provided) that you feel best suits your buying need.

The purchase process is completed by selecting ‘Buy’ on the drop down in the top right corner. In the instance, you are interested in buying smaller currencies such as Ripple, the purchasing option also allows you the use of Bitcoins as the desired currency.

Step 4 – Confirm the transaction

Finally, select the amount of cryptocurrency you wish to purchase and hit the green button to confirm the transaction and you are done. Similar to coinbase in case you are a purchasing for the first time you will receive a call from your bank to verify the transaction.

5 cryptocurrency tips you need to know about BEFORE you buy anything [TAKE NOTE]

Similar shares trading on the stock market floor buying and selling Cryptocurrency comes with the opportunity to make profits and losses. The price of Bitcoin has been on the decline.

#1 Always follow up on Crypto News

Currently, the news has not been very good for bitcoin traders, as prices have steadily been dropping. However, just like share trading, the shift in prices when dealing with cryptocurrency comes from market forces that are reported in the news.

For instance, the prices of Monero went from $40 to $150 per coin over a few days after it was listed on Bithumb. The most recommended websites to visit to keep up to date with Crypto News are CryptoCoinNews.com and PivX.

#2 Always try to take part in rallies as early as possible

One thing about trading in cryptocurrency is that to this date, both rallies and slumps don’t happen overnight or as reactive as shares. In that case, when you spot a rally, be quick to find out some news about it and buy in early.

For example, when Litecoin was part of the first lightening network transaction, its price went from $40 to $90; however, on the first day, it only rose by $10. It took a few days for it to reach its peak at $90.

In this case, you ought to buy early and sell after a few days recommended time is four days in reference to the news and price change on a daily basis.

#3 Always trade according to your capital

When trading on cryptocurrencies always compare assets. For instance if a coin increases its value by 10% that’s a significant surge; however, if you invested only $100 your returns are only $10, which is not much of desired profit.

Therefore, always make a purchase that is bound to give you a good windfall in case the coin rallies even at a small margin.

#4 Ladder your crypto assets

It is recommended that as an investor in cryptocurrency to always execute incremental buys or sell orders instead of bulk orders. This allows you to avoid big losses as well as additional gains during rallies in an unpredictable environment.

#5 Automate your investing strategy

Cryptocurrency trading is a full time Global venture; the market by no means goes on recess. In that case, it is recommended you use limit orders or if possible trading bots (APIS).

The 5 most popular cryptocurrencies and WHY people are snapping them up FAST!

Chances are you’ve heard of some of these coins, if you haven’t then I really have no idea what you’ve been doing with your life. Yes they are popular, but that doesn’t necessarily mean that they are going to blow up in the future any further. But anyway, here they are…

Bitcoin

The big daddy that started it all!

Bitcoin

Bitcoin was the first cryptocurrency in history. It had a market capitalization of 1.5 billion in 2008, today the value is 137 billion after reaching an all-time high of 290 billion on 27, December 2017.

This cryptocurrency was developed about a decade ago in late 2008 as a revolutionary electronic cash system employs a peer-to-peer network to avert double spending.

Bitcoin’s success in 2017 made it one of the most profitable investment venture in history and saw a massive interest in cryptocurrencies.

Litecoin

Developed by Charlie Lee in 2011, Litecoin has always been considered as ‘a silver to bitcoin’ gold’. Litecoin’s market capitalization as of 28 April 2011 was about 74 million.

Today the same value is placed at 8.5 billion USD. The Litecoin shares an assortment of similarities with the Bitcoin such as its existence in a decentralized open-source global payment network.

It should be noted that any consumer-based computer could decode ‘scrypt’ thus offering a quicker transaction confirmation procedure.

Ripple (XRP)

Launched in 2012 Ripple is the brainchild of Ryan Fugger, Chris Larsen, and Jed McCaleb. Once crudely described as “a cross between Western Union and a currency exchange, without the hefty fees” by the New York Times, Ripple is a real-time universal payment network that provides its users with low-cost global disbursements.

The popularity of Ripple has seen it grow from a market capitalization of $1.26 billion in 2012 to $95.45 billion as of 2017.

Ethereum (ETH)

First presented in 2015 by Vitalik Buterin, Ethereum is very much not like the litecoin or bitcoin as it exists as a decentralized software.

Imagine this, the two aforementioned cryptocurrencies are the money in your bank, the Ethereum is like a stock in the trading floor, yes it has a digital money value, yes it verifies accounts and transactions, but its existence is in a different form. Ethereum is based on forming a decentralized trading platform and not just a currency.

Monero (XMR)

Menero share a majority of similarities with Bitcoin and Litecoin; however, it has become popular because of its difference in form of Anonymity. With this cryptocurrency, though the particulars of all transaction are recorded on a public ledger individuals in person remain untraceable. Thus making it a hit in the dark web.

The most common crypto questions that you might have

Now, you’re most likely going to have some very common questions about crypto, that’s understandable. I’ve taken the most common below that people have, but if you have any you can’t see, then leave a comment below and I’ll do my best to answer it for you.

What is cryptocurrency?

A cryptocurrency is an Internet-based asset developed as a medium of exchange by using cryptography in authenticating its transactions, validate the assignment of Assets, as well as control its value. In simpler terms, a cryptocurrency is an alternative form of money known as a digital currency.

The idea of a cryptocurrency was first presented in the 1990s. However, it never caught on as the use of the internet was only limited to a particular class of individuals.

After the turn of the century, the internet became the new big thing and the digital money narrative became a reality. The first form of digital currency system to ever be developed was Bitcoin.

What is the best cryptocurrency to invest in (2018)?

The best cryptocurrency to invest in is one that indicated the best Performance transition from 2017 2018. Additionally there is a constant need to conduct a current market valuation.

Making an average on the trading always allows you to know the trend on how a crypto is performing from the market watch Neo, Iota (MIOTA) and Cardano (Ada). Neo performance in 2017 as of beginning of trading was estimated at +83,570% and this year a similar trend is expected by the end of the year.

IOTA (NIOTA) performance in 2017 as of the beginning of trading June was +525% a similar trend is expected by the end of the year.

Finally, Cardano performance in 2017 as of the beginning of trading in October was +3,296% a similar trend is expected by the end of the year. Additionally as of the end of January trading month NEO trading trend had reached -3.11% the third lowest decline trend in the market.

Can I really make money in crypto?

You can make money in crypto trading, there are tons of success stories that claim so. However, some of these success stories feel and are scams where individuals are interested in dumping their coins before further slumps or ploys to get individuals to subscribe to cloud mining services.

Other than stories, it is possible to make money by trading crypto both on a short and long-term basis.

On the short term, always try to buy while a coin is in a slump and sell while on a rally. This allows you to make money despite market trends such as the constant declining value of the Bitcoin.

The examples of Monero and Litecoin above serve as good examples of good short-term investments. On the long term, you can buy a crypto knowing that it will increase in value after a long time.

For example, individuals who invested in Bitcoins in 2012 while the market prices were $10 made high profits after sales when the MtGox got hacked when prices were $300 per coin. Nevertheless, for those who stuck to their coins longer had a chance to sell them at $19,700 by December 2017.

How many cryptocurrencies are there?

Bitcoin may be the most popular cryptocurrency known today but there are a number of cryptocurrencies in circulation. Today, there are 53 types of cryptocurrencies active in the market:

Bitcoin, Emercoin, Auroracoin, NEM, Litecoin, Feathercoin, BlackCoin, Petro, Namecoin, Gridcoin, Burstcoin, Cardano, SwiftCoin, Omni, Dash, Electroneum, Bytecoin, Primecoin, NEO, TRON, Peercoin, Ripple, MazaCoin, Sirin Labs, Dogecoin, Nxt, Monero, EOS.IO, Ubiq, Bitcoin Cash, Komodo, Zclassic, Zcash, UtopianFuture, Tether, PotCoin, Synereo AMP, Titcoin, Verge, Stellar, Vertcoin, Ether or “Ethereum”, Ethereum Classic, IOTA, Sia, SixEleven, Decred, Waves Platform, Lisk, Zcash, Zclassic, Komodo and Bitcoin Cash.

Conclusion: Here’s what to do next… and more importantly – HOW to make money

With everything above and the information provided it is clear that the cryptocurrencies are here to stay; consequently, though most of them are on a downward trend the market is finding an equilibrium after the 2017 boob

As an investor the evidence speaks volumes cryptocurrencies are a profitable venture and will most likely be the future of money for everyone.

Still confused about Crypto? Watch this video and it will all make sense. My cryptocurrency tips are only the beginning dude.