Most people I talk about cryptocurrencies, blockchain projects find it interesting and usefull.
They just don't know how to start.
Here’s a simple step-by-step guide to start.
1. Get a crypto wallet.
- Download a crypto wallet from AppStore or PlayStore. There's plenty out their. I use Trust Wallet.
- Start the wallet on your mobile phone and follow the steps. It's straightforward.
Tips:
- Keep your private key PRIVATE
- Write your recovery phase in a piece of paper and lock it in a secure place.
- Think about these two as if they were your key and code to open your house door.
- The public key is your wallet address that you can give to anyone to send you money. No one can’t take a penny with that key.
⚠ Confused about the tips? Don’t panic, you’ll get it when you start Trust wallet app and create your wallet in first place.
2. Find a place to buy and sell crypto coins
- Create an exchange account to convert from/ to EUR/USD or other conventional coins to/from crypto copins. I use Coinbase.
- Select the fiat currency of your choice and do a deposit. You’ll see your Coinbase account information and to transfer.
- Make a small transfer (usually 1€ is enough) from your traditional bank to your exchange account previously created.
- With this step you link the two accounts, which makes the next deposits and withdraws easier.
- Now you can transfer bigger amounts to your exchange account by some crypto coin (ETH, BTC, LTC, etc) and then withdraw to your personal account.
That’s it. You’ll became a crypto addict. Welcome to the age of digital decentralized money. 💪 Nuno Caeiro
