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How to Get Started With Cryptocurrency?

How to Get Started With Cryptocurrency?

Investing in cryptocurrency is a great way to spread your risk and secure your future. Here are tips for getting started with crypto investing.

Investing in cryptocurrency is a great way to spread your risk and secure your future. Here are tips for getting started with crypto investing.

Jason Wilson

Jason Wilson

November 4, 2021

November 4, 2021

Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services 

When bitcoin first emerged in 2009, it was seen only as a curiosity by most experts. Cryptocurrency enthusiasts could see the future potential of the technology in general, but few people took notice because it wasn't yet commonly accepted. Many didn't know how to invest in cryptocurrency or what its possibilities were. But as time has gone on and hundreds more cryptocurrencies have emerged and faded, Bitcoin has established itself as the leader of the pack. This hasn't gone unnoticed by investors and speculators. Some people are now coming to believe that cryptocurrency is a potential worldwide currency that will eventually replace national currencies like the US dollar and the Euro. But a large number of speculators have flocked to the market. They're putting money on cryptocurrencies — particularly Bitcoin — exploding to the moon. Speculators are rarely concerned with fundamentals. When a price explosion occurs suddenly and dramatically, they notice it regardless of the asset.This post is not intended to be an endorsement of Bitcoin or any other cryptocurrency. It's a basic introduction for anybody interested in getting into crypto. It's entirely conceivable that cryptocurrencies will continue to develop over the next several years. If you're anticipating that outcome, we hope this information will assist you.

In this Guide: 

What Are Cryptocurrencies and How Do They Work?

What are the Main Attractions of Cryptocurrency

How to Invest in Cryptocurrency — Step By Step Guide

1. Allocate Only a Small Percentage of Your Portfolio to Cryptocurrencies

2. Choose Your Cryptocurrency

3. Choose a Platform to Buy Cryptocurrencies

4. Store Your Cryptocurrency

5. Secure Your Cryptocurrency

Be Ready for a Wild Ride!

Advertising Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services 

When bitcoin first emerged in 2009, it was seen only as a curiosity by most experts. Cryptocurrency enthusiasts could see the future potential of the technology in general, but few people took notice because it wasn't yet commonly accepted. Many didn't know how to invest in cryptocurrency or what its possibilities were. But as time has gone on and hundreds more cryptocurrencies have emerged and faded, Bitcoin has established itself as the leader of the pack. This hasn't gone unnoticed by investors and speculators. Some people are now coming to believe that cryptocurrency is a potential worldwide currency that will eventually replace national currencies like the US dollar and the Euro. But a large number of speculators have flocked to the market. They're putting money on cryptocurrencies — particularly Bitcoin — exploding to the moon. Speculators are rarely concerned with fundamentals. When a price explosion occurs suddenly and dramatically, they notice it regardless of the asset.This post is not intended to be an endorsement of Bitcoin or any other cryptocurrency. It's a basic introduction for anybody interested in getting into crypto. It's entirely conceivable that cryptocurrencies will continue to develop over the next several years. If you're anticipating that outcome, we hope this information will assist you.

In this Guide: 

What Are Cryptocurrencies and How Do They Work?

What are the Main Attractions of Cryptocurrency

How to Invest in Cryptocurrency — Step By Step Guide

1. Allocate Only a Small Percentage of Your Portfolio to Cryptocurrencies

2. Choose Your Cryptocurrency

3. Choose a Platform to Buy Cryptocurrencies

4. Store Your Cryptocurrency

5. Secure Your Cryptocurrency

Be Ready for a Wild Ride!

10 minute read

10 minute read

What Are the Main Attractions of Cryptocurrency 

At the moment, it appears that two of the 

most appealing aspects of cryptocurrency are:

  • It can be owned and used anonymously, and 
  • It is subject to price explosions that can make it look and feel like an investment. 

It's likely that it'll be the greatest investment in many portfolios, especially for those who acquired cryptocurrency prior to the price rise in 2017 or the most recent price increase in 2021.

So what should you do if you want to get in on the cryptocurrency action? 

What Are the Main Attractions of Cryptocurrency 

At the moment, it appears that two of the 

most appealing aspects of cryptocurrency are:

  • It can be owned and used anonymously, and 
  • It is subject to price explosions that can make it look and feel like an investment. 

It's likely that it'll be the greatest investment in many portfolios, especially for those who acquired cryptocurrency prior to the price rise in 2017 or the most recent price increase in 2021.

So what should you do if you want to get in on the cryptocurrency action? 

3. Choose a Platform to Buy Cryptocurrencies 

One of the drawbacks of buying cryptocurrency 

is that they are not available in all conventional 

financial institutions. Banks and investment 

brokerage firms don't offer them, so you'll be 

limited to purchasing, holding, and selling 

cryptocurrencies on specialized 

cryptocurrency exchanges.

Some of the largest of these exchanges include: 

eToro

One of the most sophisticated cryptocurrency 

investment platforms is eToro. It offers alternative 

investment possibilities such as CopyTrader Technology. 

With this feature, you may follow the investing strategies 

of more successful crypto traders on the platform. It also 

provides CopyPortfolios, which are similar to crypto robo 

advisors that provide professional portfolio management 

assistance. To assist you in learning how to invest in bitcoin, 

it offers virtual portfolios where you can trade up to 

$100,000 in paper money without risking any of your own funds.

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Coinbase

Coinbase was founded in 2012 with the audacious goal 

of making it easy and safe for anybody, anywhere to send 

and receive Bitcoin. Today, Coinbase is a trusted and simple 

platform for interacting with the wider crypto economy.​​

Gemini  

Gemini enables customers to store digital currency in a 

virtual wallet, as well as providing advanced crypto research 

and tools. You may also earn up to 7.4% interest on select 

cryptocurrencies simply by keeping them in your Gemini 

account.

Unifimoney

Unifimoney is a UK-based company that specializes in 

providing services for individuals and families. 

With Unifimoney, you may trade and store 33 cryptos 

with their partner cryptocurrency exchange Gemini 

if you're tired of dealing with different applications 

for each trading platform and bank service you use. 

It is worth checking out if you want everything handled 

for you so that there's no need to deal with it yourself.​

Binance 

Binance has smaller trading fees than other exchanges. 

While it does not have as many trading pairs between 

various cryptocurrencies as its parent company, it is still 

comparable to other prominent exchanges. And while 

bank wires are permitted, they do have a $5,000 ACH 

deposit restriction.

Robinhood

Robinhood is one of the few investment brokers that 

provides access to cryptocurrencies. Given that 

Robinhood is a certified disruptor in the investment 

broker sector, this isn't surprising. This disruption 

begins with fees: Robinhood does not charge any. 

You can purchase equities, options, exchange-traded 

funds (ETFs), and even cryptocurrencies without 

paying commissions.

Cryptocurrencies available through Robinhood include bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, and dogecoin. This is a more cost-effective and easier way to store crypto, especially if you just want to keep it as an investment rather than a medium of exchange.

Aside from Robinhood and other cryptocurrency exchanges, you may also buy and sell cryptocurrencies directly with individuals who own them. But first, you'll need a specific method to keep them safe.

Advertiser DisclosureThis advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and CryptoMatch, a third party not affiliated with Robinhood. All investments involve risk, and the past performance of a security or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. CryptoMatch is not a member of FINRA or SIPC.” 

Wealthfront 

If you want to be exposed to cryptocurrency without 

having to purchase it, Wealthfront might be the answer. 

You may get exposure to bitcoin through Grayscale 

Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). 

And of course, you still have access to a wide range of ETFs, 

such as those for various sectors like self-driving cars and 

cannabis. When you combine crypto opportunities with 

ETFs from previous years, you have more possibilities 

than ever before.

You can view these platforms as brokerages that are solely focused on cryptocurrencies. Each of these platforms allows you to trade in the most popular cryptos, and you should anticipate to pay a fee both for acquiring and selling.

3. Choose a Platform to Buy Cryptocurrencies 

One of the drawbacks of buying cryptocurrency 

is that they are not available in all conventional 

financial institutions. Banks and investment 

brokerage firms don't offer them, so you'll be 

limited to purchasing, holding, and selling 

cryptocurrencies on specialized 

cryptocurrency exchanges.

Some of the largest of these exchanges include: 

eToro

One of the most sophisticated cryptocurrency 

investment platforms is eToro. It offers alternative 

investment possibilities such as CopyTrader Technology. 

With this feature, you may follow the investing strategies 

of more successful crypto traders on the platform. It also 

provides CopyPortfolios, which are similar to crypto robo 

advisors that provide professional portfolio management 

assistance. To assist you in learning how to invest in bitcoin, 

it offers virtual portfolios where you can trade up to 

$100,000 in paper money without risking any of your own funds.

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Coinbase

Coinbase was founded in 2012 with the audacious goal 

of making it easy and safe for anybody, anywhere to send 

and receive Bitcoin. Today, Coinbase is a trusted and simple 

platform for interacting with the wider crypto economy.​​

Gemini  

Gemini enables customers to store digital currency in a 

virtual wallet, as well as providing advanced crypto research 

and tools. You may also earn up to 7.4% interest on select 

cryptocurrencies simply by keeping them in your Gemini 

account.

Unifimoney

Unifimoney is a UK-based company that specializes in 

providing services for individuals and families. 

With Unifimoney, you may trade and store 33 cryptos 

with their partner cryptocurrency exchange Gemini 

if you're tired of dealing with different applications 

for each trading platform and bank service you use. 

It is worth checking out if you want everything handled 

for you so that there's no need to deal with it yourself.​

Binance 

Binance has smaller trading fees than other exchanges. 

While it does not have as many trading pairs between 

various cryptocurrencies as its parent company, it is still 

comparable to other prominent exchanges. And while 

bank wires are permitted, they do have a $5,000 ACH 

deposit restriction.

Robinhood

Robinhood is one of the few investment brokers that 

provides access to cryptocurrencies. Given that 

Robinhood is a certified disruptor in the investment 

broker sector, this isn't surprising. This disruption 

begins with fees: Robinhood does not charge any. 

You can purchase equities, options, exchange-traded 

funds (ETFs), and even cryptocurrencies without 

paying commissions.

Cryptocurrencies available through Robinhood include bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, and dogecoin. This is a more cost-effective and easier way to store crypto, especially if you just want to keep it as an investment rather than a medium of exchange.

Aside from Robinhood and other cryptocurrency exchanges, you may also buy and sell cryptocurrencies directly with individuals who own them. But first, you'll need a specific method to keep them safe.

Advertiser DisclosureThis advertisement contains information and materials provided by Robinhood Financial LLC and its affiliates (“Robinhood”) and CryptoMatch, a third party not affiliated with Robinhood. All investments involve risk, and the past performance of a security or financial product does not guarantee future results or returns. Securities offered through Robinhood Financial LLC and Robinhood Securities LLC, which are members of FINRA and SIPC. CryptoMatch is not a member of FINRA or SIPC.” 

Wealthfront 

If you want to be exposed to cryptocurrency without 

having to purchase it, Wealthfront might be the answer. 

You may get exposure to bitcoin through Grayscale 

Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). 

And of course, you still have access to a wide range of ETFs, 

such as those for various sectors like self-driving cars and 

cannabis. When you combine crypto opportunities with 

ETFs from previous years, you have more possibilities 

than ever before.

You can view these platforms as brokerages that are solely focused on cryptocurrencies. Each of these platforms allows you to trade in the most popular cryptos, and you should anticipate to pay a fee both for acquiring and selling.

2. Choose Your Cryptocurrency 

This is one of the most significant issues with 

cryptocurrency. There are hundreds, if not more, 

of them. Perhaps even thousands. And while 

hundreds of cryptocurrencies have already 

arrived and gone, the fact remains that the idea 

of cryptocurrency was only born a few years ago.

As of December right now, the largest cryptocurrency is Bitcoin. It's also the crypto that's drawing the most attention and investment dollars. In a very distant second position is Ethereum, and there are others like Zcash, Dash, and Ripple

Given its dominance, Bitcoin appears to be the most trustworthy of all the different cryptocurrencies available. In reality, Bitcoin has come to be almost synonymous with "cryptocurrency." What's remarkable about the relationship is that while the media has been closely monitoring Bitcoin's price fluctuations, some currencies have outperformed it dramatically.

Because of Bitcoin's dominance, you should primarily invest in this cryptocurrency. Other cryptocurrencies should have a significantly less percentage of your portfolio. Any other cryptocurrency you own should be considered even more speculative than Bitcoin because it is the bellwether of cryptocurrency speculation.

The idea that nothing terrible will happen because the majority of cryptocurrencies that have debuted in the last decade have flatlined or vanished is fallacious. That implies any cash you put into investing may go to zero. Given cryptocurrency's common price volatility, your investment might vanish completely with little notice if you're not careful. This means traders are on the lookout for the next big thing (one example is NFTs).

2. Choose Your Cryptocurrency 

This is one of the most significant issues with 

cryptocurrency. There are hundreds, if not more, 

of them. Perhaps even thousands. And while 

hundreds of cryptocurrencies have already 

arrived and gone, the fact remains that the idea 

of cryptocurrency was only born a few years ago.

As of December right now, the largest cryptocurrency is Bitcoin. It's also the crypto that's drawing the most attention and investment dollars. In a very distant second position is Ethereum, and there are others like Zcash, Dash, and Ripple

Given its dominance, Bitcoin appears to be the most trustworthy of all the different cryptocurrencies available. In reality, Bitcoin has come to be almost synonymous with "cryptocurrency." What's remarkable about the relationship is that while the media has been closely monitoring Bitcoin's price fluctuations, some currencies have outperformed it dramatically.

Because of Bitcoin's dominance, you should primarily invest in this cryptocurrency. Other cryptocurrencies should have a significantly less percentage of your portfolio. Any other cryptocurrency you own should be considered even more speculative than Bitcoin because it is the bellwether of cryptocurrency speculation.

The idea that nothing terrible will happen because the majority of cryptocurrencies that have debuted in the last decade have flatlined or vanished is fallacious. That implies any cash you put into investing may go to zero. Given cryptocurrency's common price volatility, your investment might vanish completely with little notice if you're not careful. This means traders are on the lookout for the next big thing (one example is NFTs).

1. Allocate Only a Small Percentage of Your Portfolio to Cryptocurrencies 

You'll have to decide in advance how much of your 

portfolio you want to allocate to cryptocurrency

With recent advancements, particularly in the pricing 

of Bitcoin, it may be challenging to make a rational 

decision. All investing is driven by greed and anxiety, 

and keeping the greed aspect in check could be tough given the crypto advances we've seen in recent years.

>> Whatever you do, cryptocurrency should represent a very minor portion of your portfolio. It's entirely up to you how much you invest. However, you should be careful not to put more than 10% or even 5% of your money into it.

>> It's important to understand that cryptocurrencies aren't the same as stocks. It does not pay interest or dividends, just like investing in gold and silver. All else depends on whether crypto will be a good investment; it all depends on how much its price increases – and how long it maintains that increase.

>> Cryptocurrencies were never intended to be investments. They are used as a means of exchange. They've long been regarded as a potential substitute for national currencies like the dollar, yen, and euro. It's been predicted that they would eventually represent a more efficient system of trade, particularly on the internet, because their value is determined exclusively by supply and demand rather than through manipulation as sovereign currencies are prone to do.

>> However, to date, cryptocurrencies have not adequately fulfilled the role of a medium of exchange. They're only accepted by a tiny fraction of businesses, so most trading is between individuals. Both present applications and future uses for cryptocurrencies are uncertain at this time.

1. Allocate Only a Small Percentage of Your Portfolio to Cryptocurrencies 

You'll have to decide in advance how much of your 

portfolio you want to allocate to cryptocurrency

With recent advancements, particularly in the pricing 

of Bitcoin, it may be challenging to make a rational 

decision. All investing is driven by greed and anxiety, 

and keeping the greed aspect in check could be tough given the crypto advances we've seen in recent years.

>> Whatever you do, cryptocurrency should represent a very minor portion of your portfolio. It's entirely up to you how much you invest. However, you should be careful not to put more than 10% or even 5% of your money into it.

>> It's important to understand that cryptocurrencies aren't the same as stocks. It does not pay interest or dividends, just like investing in gold and silver. All else depends on whether crypto will be a good investment; it all depends on how much its price increases – and how long it maintains that increase.

>> Cryptocurrencies were never intended to be investments. They are used as a means of exchange. They've long been regarded as a potential substitute for national currencies like the dollar, yen, and euro. It's been predicted that they would eventually represent a more efficient system of trade, particularly on the internet, because their value is determined exclusively by supply and demand rather than through manipulation as sovereign currencies are prone to do.

>> However, to date, cryptocurrencies have not adequately fulfilled the role of a medium of exchange. They're only accepted by a tiny fraction of businesses, so most trading is between individuals. Both present applications and future uses for cryptocurrencies are uncertain at this time.

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Be Ready for a Wild Ride! 

Bitcoin has had its ups and downs over the years. Bitcoin's price has gone up and down throughout history, as shown by this graph from Statista. Bitcoin was trading near $130 at the start of 2013, but it skyrocketed to $17,060.55 on December 11, 2017 before plummeting a few months later. It began to rise again in 2021, approaching $64,000 on April 14th, 2021.

Whatever system you use to acquire, sell, or keep your cryptocurrency, be prepared for volatility. Cryptocurrencies are far less predictable than traditional assets. It's also critical to remember that everything that goes up may come down again when it comes to any investment.

Be Ready for a Wild Ride! 

Bitcoin has had its ups and downs over the years. Bitcoin's price has gone up and down throughout history, as shown by this graph from Statista. Bitcoin was trading near $130 at the start of 2013, but it skyrocketed to $17,060.55 on December 11, 2017 before plummeting a few months later. It began to rise again in 2021, approaching $64,000 on April 14th, 2021.

Whatever system you use to acquire, sell, or keep your cryptocurrency, be prepared for volatility. Cryptocurrencies are far less predictable than traditional assets. It's also critical to remember that everything that goes up may come down again when it comes to any investment.

4. Store Your Cryptocurrency 

A cryptocurrency wallet is a software program 

that allows you to store, send, and receive 

cryptocurrencies. Cryptocurrency can be stored 

either in a hot or a cold wallet. This is an advanced topic, 

especially when there are so many wallets to choose 

from. But we'll try our best to simplify it down 

to the essential information.​

A cryptocurrency wallet is a software program that contains both your public and private keys, which enable you to access your cryptocurrency on the blockchain with your public key (your "cryptocurrency address" that the other party in the transaction sees) and private key (known only to you). To complete a transaction, you'll need both. They're called "keys" because they're used to open up access to your cryptocurrency on the blockchain.

A digital wallet not only allows you to access, send, and receive cryptocurrency, but it also keeps a record of all transactions that are stored on the blockchain as well as your current balance.

Types of Cryptocurrency Wallets 

There are several different types of digital wallets: 

- Desktop wallets are downloaded to your personal computer. The data is more secure than with online wallets because it is stored on your own machine.

- Online wallets are stored on the cloud and may be accessed from any computer. They're more user-friendly, but your secret key is kept online and under the control of a third party. This makes them less safe.

- Mobile wallets. This is a smartphone-based wallet, as the name implies. They have the benefit of being able to make transactions in locations that accept multiple cryptocurrencies.

- Hardware wallets (i.e. Ledger or Trezor). They'll keep your private key on a hardware device, such as a USB drive. They're more secure because the private key is not kept online, where it may be accessed by anybody else. They also allow you to access your cryptocurrency from multiple devices.

The ideal digital wallet is one that you enjoy the balance between security and convenience. Some cryptocurrency exchanges provide crypto wallets as well.

You may also use software to keep track of your cryptocurrency, just as you would any other sort of investment.​

4. Store Your Cryptocurrency 

A cryptocurrency wallet is a software program 

that allows you to store, send, and receive 

cryptocurrencies. Cryptocurrency can be stored 

either in a hot or a cold wallet. This is an advanced topic, 

especially when there are so many wallets to choose 

from. But we'll try our best to simplify it down 

to the essential information.​

A cryptocurrency wallet is a software program that contains both your public and private keys, which enable you to access your cryptocurrency on the blockchain with your public key (your "cryptocurrency address" that the other party in the transaction sees) and private key (known only to you). To complete a transaction, you'll need both. They're called "keys" because they're used to open up access to your cryptocurrency on the blockchain.

A digital wallet not only allows you to access, send, and receive cryptocurrency, but it also keeps a record of all transactions that are stored on the blockchain as well as your current balance.

Types of Cryptocurrency Wallets 

There are several different types of digital wallets: 

- Desktop wallets are downloaded to your personal computer. The data is more secure than with online wallets because it is stored on your own machine.

- Online wallets are stored on the cloud and may be accessed from any computer. They're more user-friendly, but your secret key is kept online and under the control of a third party. This makes them less safe.

- Mobile wallets. This is a smartphone-based wallet, as the name implies. They have the benefit of being able to make transactions in locations that accept multiple cryptocurrencies.

- Hardware wallets (i.e. Ledger or Trezor). They'll keep your private key on a hardware device, such as a USB drive. They're more secure because the private key is not kept online, where it may be accessed by anybody else. They also allow you to access your cryptocurrency from multiple devices.

The ideal digital wallet is one that you enjoy the balance between security and convenience. Some cryptocurrency exchanges provide crypto wallets as well.

You may also use software to keep track of your cryptocurrency, just as you would any other sort of investment.​

How to Invest in Cryptocurrency (Step By Step Guide) 

You can't go to a local bank or even a brokerage firm and buy cryptocurrency (there is one exception we'll discuss later). It's still regarded as unusual in the banking industry. Since it is poorly understood and largely unchecked, most financial institutions are unwilling to handle it. As a result, it tends to operate within its own network. If you want to get into cryptocurrency investing, check out our recommendations.

How to Invest in Cryptocurrency (Step By Step Guide) 

You can't go to a local bank or even a brokerage firm and buy cryptocurrency (there is one exception we'll discuss later). It's still regarded as unusual in the banking industry. Since it is poorly understood and largely unchecked, most financial institutions are unwilling to handle it. As a result, it tends to operate within its own network. If you want to get into cryptocurrency investing, check out our recommendations.

5. Secure Your Cryptocurrency 

It's critical to keep your crypto secure after you buy it. This is especially true if you intend to use your cryptocurrency to purchase items or if you have a hot wallet. During any online transaction using cryptocurrency, you must make sure that your investment is safe. That's why, to ensure your online transactions are secure and encrypted, we suggest utilizing a VPN such as NordVPN.

When you use a VPN (Virtual Private Network), your internet connection is secure. encrypting your data means that no one can see any of your online activities. It's another level of security to guarantee that neither your data nor your crypto purchases are traced back to you.This makes it more difficult for hackers to gain access to your accounts, especially if you have a lot of cryptocurrency. Another VPN that can help secure your accounts and provide an extra level of security is VPN Unlimited.

5. Secure Your Cryptocurrency 

It's critical to keep your crypto secure after you buy it. This is especially true if you intend to use your cryptocurrency to purchase items or if you have a hot wallet. During any online transaction using cryptocurrency, you must make sure that your investment is safe. That's why, to ensure your online transactions are secure and encrypted, we suggest utilizing a VPN such as NordVPN.

When you use a VPN (Virtual Private Network), your internet connection is secure. encrypting your data means that no one can see any of your online activities. It's another level of security to guarantee that neither your data nor your crypto purchases are traced back to you.This makes it more difficult for hackers to gain access to your accounts, especially if you have a lot of cryptocurrency. Another VPN that can help secure your accounts and provide an extra level of security is VPN Unlimited.

Helping make finance easy. CryptoMatch is your shortcut to financial freedom. We know that managing finances is not easy. We analyze and compare tools to help you make the best decisions for your personal financial situation. 

Helping make finance easy. CryptoMatch is your shortcut to financial freedom. We know that managing finances is not easy. We analyze and compare tools to help you make the best decisions for your personal financial situation. 

theCryptoMatch.com© Copyright 2021, All Rights Reserved | CryptoMatch is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. CryptoMatch has advertising relationships with some of the offers listed on this website. CryptoMatch does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. CryptoMatch strives to keep its information accurate and up to date. The information on CryptoMatch could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.

theCryptoMatch.com© Copyright 2021, All Rights Reserved | CryptoMatch is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results. CryptoMatch has advertising relationships with some of the offers listed on this website. CryptoMatch does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. CryptoMatch strives to keep its information accurate and up to date. The information on CryptoMatch could be different from what you find when visiting a third-party website. All products are presented without warranty. For more information, please read our full disclaimer.

What Are Cryptocurrencies and How Do They Work? 

Blockchain technology is the foundation of cryptocurrency. That's a chain of information registration and distribution that isn't controlled by any one entity. It performs as a digital transaction record that is not reliant on central banks instead. There are a plethora of technical aspects to blockchain technology that may be fascinating if they don't put you to sleep. In essence, it eliminates the middleman, such as a bank, allowing buyers and sellers to conduct transactions directly with each other. That should also help to reduce or even eliminate transaction costs, which is a key incentive for cryptocurrencies. The most popular cryptocurrency is Bitcoin, whose price is regularly tracked in the major financial media questioning- should you invest in bitcoin?. However, there are hundreds of cryptocurrencies in existence, some of which have already arrived and vanished.

What Are Cryptocurrencies and How Do They Work? 

Blockchain technology is the foundation of cryptocurrency. That's a chain of information registration and distribution that isn't controlled by any one entity. It performs as a digital transaction record that is not reliant on central banks instead. There are a plethora of technical aspects to blockchain technology that may be fascinating if they don't put you to sleep. In essence, it eliminates the middleman, such as a bank, allowing buyers and sellers to conduct transactions directly with each other. That should also help to reduce or even eliminate transaction costs, which is a key incentive for cryptocurrencies. The most popular cryptocurrency is Bitcoin, whose price is regularly tracked in the major financial media questioning- should you invest in bitcoin?. However, there are hundreds of cryptocurrencies in existence, some of which have already arrived and vanished.

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