steps

Getting into Crypto...One step at a time!

By LAUnlimited | LAUnlimited | 24 Nov 2021


GETTING INTO CRYPTO

 

Taking the first step into an unfamiliar realm means getting outside the comfort zone.

 

And CRYPTO was that for me!  And maybe you feel the same way....

 

It was all so confusing Defi, Altcoins, Smart Contracts, Staking, Tokens, Proof of Work, Proof this that and the other thing.  A Ledger A Wallet. The Keys!

It was overwhelming then and still can be today.

So let's take one step at a time.  Staking, it's a Crypto Savings Account that pays higher interest rates than banks do.

banner

  • Pick an Exchange Platform. I like Coinbase. It's easy to join. You can Learn and Earn! Sign up here > COINBASE
  • Get right to the Learn and Earn Section.
    • Most of the crash courses are 3-4 minutes with a short quiz. $$$.
  • Determine the amount and the coin you want to Stake.
    • Currently, on Coinbase you can stake DAI, TEZOS, ALGORAND, and COSMOS.
    • Read the Whitepapers.
    • Review Websites.
    • Pick and Save.
  • Key things to know.                                                                                                          
    • There is a transaction fee for each buy, sell or trade.
    • There is a minimum balance requirement for each coin.
    • If you earn over $600 in Staking rewards 1099-MISC will be issued.
    • After the purchase of the aforementioned coins.
      • Go to Profile>Settings>Financial Services.  Toggle to earn your rewards.

 

Cryptocurrency is swiftly becoming the new norm --- don't get left behind.

                                                                                                                                                                                                       10c3224d0553ece2cefd5a16567dd3e4862ec6cb723cdcc172e00089a62bbf18.jpg

COINBASE

 

 


This article contains affiliate links. If you click on a link in this article, I may earn a small commission at no extra cost to you.

Investment Disclaimer:

I am not a registered investor, legal, or tax advisor or a broker/dealer and all opinions expressed by me are from my research for educational purposes only.
This post expresses my own opinion about cryptocurrencies mentioned herein and is not an offer to buy or sell or solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.

How do you rate this article?

1


LAUnlimited
LAUnlimited

Crypto Nerd ~ NFT researcher


LAUnlimited
LAUnlimited

Never Stop Learning, Creating, Researching and Believing!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.