If you are new to the world of cryptocurrencies, it is important to understand the basics
Here are some steps and tips to get started safely:
1. Understand what cryptocurrencies are
Cryptocurrencies are digital currencies that use blockchain technology to ensure their security. The most well-known is Bitcoin, but there are thousands of others (Ethereum, Litecoin, etc.).
Before investing, it is essential to understand how they work. The blockchain is a decentralized and secure ledger where all transactions are recorded transparently.
2. Choose an exchange platform
To buy, sell or exchange cryptocurrencies, you will need an exchange platform (often called an exchange). Here are some popular platforms for beginners:
Coinbase: Easy to use, it is ideal for beginners.
Binance: More complex, but with lower fees and a wider offer.
Kraken: Well established, reliable, and offers good security.
Platforms allow you to convert your local currency (euros, dollars, etc.) into cryptocurrency.
3. Secure your assets
Cryptocurrencies are stored in digital wallets (wallets). There are two types of wallets:
Online wallet: On exchanges or services like MetaMask.
Hardware wallet: A physical device (like a Ledger or Trezor) that is more secure because it is not permanently connected to the Internet.
It is highly recommended to use a hardware wallet if you plan to store your cryptocurrencies for the long term, as it protects your funds from hacks.
4. Choose which cryptocurrency to buy
There are thousands of cryptocurrencies, but to start, you can focus on the most well-known and established ones:
Bitcoin (BTC): The first and largest cryptocurrency.
Ethereum (ETH): Known for its smart contracts and decentralized platform.
Binance Coin (BNB): Used on the Binance platform.
That said, it’s important not to invest all of your capital in a single cryptocurrency, as the market can be volatile. A prudent approach is to diversify your investments.