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Although digital assets have been around for over a decade, many investors still find the crypto market overwhelming. However, contrary to popular belief, getting started with a first-time crypto investment is fairly simple.
This guide explains how investors can venture into the space of cryptocurrencies. We also share some handy tips on how to get into cryptocurrency safely while minimizing the overall risks.
Here are some useful tips to follow when trying to get into the crypto space as a beginner:
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For complete beginners, we have prepared an extensive guide on what is cryptocurrency - explaining how digital tokens work and how they are different from other assets such as stocks and commodities.
When Googling 'how to get into crypto', investors are likely to be bombarded with thousands of search results. There are virtually hundreds of articles on the likes of 'next cryptocurrency to explode' and 'how to get rich with crypto'.
For some investors, the high risks might be too much to handle. That being said, there are also ways to deal with risk when investing in cryptocurrencies.
With this in mind, let us dive right into 10 tips that investors can use to get into the crypto market in a risk-averse manner.
As of writing, the most popular cryptocurrencies, Bitcoin and Ethereum, are trading at around $16,000 and $1,200, respectively. Hence, the first thing that might occur to new investors is that major cryptocurrencies are expensive.
However, that isn't the full picture. Investors need not buy well-established, large-cap cryptocurrencies to make money.
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