New to Crypto? Here’s How You Can Get Started!
At first, it appeared that cryptography was something that few people were interested in. However, when everyone’s curiosity got the best of them, and with a plethora of study and guidance available online, we’ve learned that it’s a valuable asset that will and can benefit just about anyone.
What is Crypto?
First and foremost, what is cryptocurrency?
Cryptocurrency is a digital asset. It is a type of payment that can be exchanged online for products and services, and it allows you to send traditional, non-crypto currency money — digitally!
We’re quite sure we don’t need to mention anything, but Bitcoin was the first crypto, created by a mysterious entity known only as Satoshi Nakamoto. Since then, a number of cryptos have been developed. As of December 2021, a few popular ones are Ethereum (ETH), Binance Coin (BNB), and Tether (USDT), among thousands of others.
How to Invest in Cryptocurrency?
There are various ways to begin your crypto investment journey. There are always chances for those just starting out, whether they want help managing their investments or want to study the nitty-gritty and “be your own bank.”
When it comes to investing in cryptocurrency, we can’t emphasize enough how crucial it is to understand what you’re getting yourself into! Cryptocurrencies are notorious for their volatility. Please read, research, and ensure that you are financially comfortable before investing.
For New Investors
For individuals who are just getting started, deciding what to invest in is just as important as deciding how and where to invest. Bitcoin is the oldest and most secure cryptocurrency. Bitcoin was the first and still has the greatest market capitalization of any coin, approaching $1 trillion as of December 2021. It is currently selling at roughly $47,000 per coin, and like all cryptocurrencies, the price fluctuates dramatically in both directions, despite being one of the most reliable and sought-after cryptos.
Another thing to keep in mind while investing in cryptocurrency is that you should never give out your private key or recovery phrase, which you create when you open a wallet. Crypto wallets are used to store digital assets, and some of them also allow you to buy, trade, and transfer cryptocurrency. So be cautious, and don’t put your trust in anyone!
When it comes to the topic of how and where to start, the simplest approach to acquiring cryptocurrency is through a secure and reputable platform that will provide you with the best returns on your investment. For that, we recommend making a wise investment with UniFarm.
UniFarm is a one-of-a-kind staking solution where the best projects in DeFi space come together to provide value to investors. UniFarm allows you to stake one token but earn multiple high-value tokens, so in addition to a great APY, your returns are automatically diversified as well.
You can find the complete staking guide here. Happy staking!