How to start with Crypto?
So far, you've learned all the basics you need to start your journey in crypto. Now is the time to get started!
Introduction
Now that you’ve learned the basics of cryptocurrencies, the next step is to take action and start buying your first tokens. Anyone who wants to know how to invest in cryptocurrencies needs to understand, first of all, that this is a risky trade. Just like investing in stocks, the digital currency market is volatile and can experience high price fluctuations. Therefore, it is not a recommended type of investment for investors with a conservative profile.
How to start trading?
1. Create an Account on Gate.io
Simply put, the first step is to create an account on the Gate.io exchange. It’s quick and simple and 1-2-3. After the account is created here, we highly recommend you to protect your account with 2FA and additional security measures. Since you’re dealing with your own money, it’s important that you feel safe, and we provide the perfect structure for that.
2. Make your first deposit
The next step is to transfer money to your account and start trading. Gate.io allows multiple deposit methods and accepts dozens of Fiat currencies to start with.
3. Study the market and the cryptocurrencies available
Before investing in any asset, you should always make sure that you understand what you’re putting your money into, and that’s why we created the Gate Learn section. There, you can find not only courses like this one, but also articles about 300+ topics. Spend some time browsing this section, because we’re sure that it’s always going to be handy for your decision-making process.
4. Place your first order on the platform
Once you’re on the platform, you can trade among 10,000+ trading pairs and buy over 1,400 different cryptocurrencies. Gate.io offers the widest variety of cryptocurrencies to trade amongst all competitors and has one of the smallest trading fees on the market. Take a look at the article below and start trading now!
Risks of cryptocurrencies
High volatility in prices is common in digital currencies like Bitcoin. This mostly happens because cryptocurrency is at its early development stages and, therefore, there is so much room for speculation in the market. But once you clearly evaluate the pros and cons, it’s time to operate.
Pros and Cons of cryptocurrencies
Pros:
It is an alternative to traditional payment methods and provides users with anonymous and secure transactions.
Transactions are encrypted and secure, making it difficult for hackers to access user funds.
Low transaction fees compared to traditional payment methods.
Decentralized, meaning they are not subject to government regulations or central banks.
Markets run 7 / 24 and are available from any country.
Cons:
Markets are volatile and can lose value quickly.
Your holdings are not backed by any asset or government, making them a risky investment.
Difficult to understand and use, making them inaccessible to many people.
Transactions are irreversible, meaning that if a transaction is made in error, it cannot be reversed.
There are no currency rate regulators
Conclusion
Crypto is risky and does have high volatility. As with any other investment, you have no guarantee that you’ll earn profits. If you’re willing to take the risk, study, and learn so you can create an investment strategy, then start investing. This is a growing sector and it’s at its early stages, so there is a lot for it to mature and a lot of knowledge to be gained. We’ll be there with you on this journey!
Highlight
Now that you already know the basics of crypto, it’s time for you to start trading. Create an account on Gate.io, do your first deposit, and buy your first token!
In our Gate Learn section, we cover dozens of tokens for you to have a clear understanding of what you’re investing in.
Keep in mind that investing in cryptocurrencies is a risky and volatile investment and price variations are usually higher than the ones you encounter in other markets, such as stocks and bonds.
Related Articles
Bài học 1:What is Cryptocurrency?
Bài học 2:What is a Blockchain?
Bài học 3:What is Bitcoin ?
Bài học 4:What are the main types of cryptocurrencies?
Bài học 5:What are the main crypto innovations?
Bài học 6:How to start with Crypto?
How to start with Crypto?
So far, you've learned all the basics you need to start your journey in crypto. Now is the time to get started!
Introduction
Now that you’ve learned the basics of cryptocurrencies, the next step is to take action and start buying your first tokens. Anyone who wants to know how to invest in cryptocurrencies needs to understand, first of all, that this is a risky trade. Just like investing in stocks, the digital currency market is volatile and can experience high price fluctuations. Therefore, it is not a recommended type of investment for investors with a conservative profile.
How to start trading?
1. Create an Account on Gate.io
Simply put, the first step is to create an account on the Gate.io exchange. It’s quick and simple and 1-2-3. After the account is created here, we highly recommend you to protect your account with 2FA and additional security measures. Since you’re dealing with your own money, it’s important that you feel safe, and we provide the perfect structure for that.
2. Make your first deposit
The next step is to transfer money to your account and start trading. Gate.io allows multiple deposit methods and accepts dozens of Fiat currencies to start with.
3. Study the market and the cryptocurrencies available
Before investing in any asset, you should always make sure that you understand what you’re putting your money into, and that’s why we created the Gate Learn section. There, you can find not only courses like this one, but also articles about 300+ topics. Spend some time browsing this section, because we’re sure that it’s always going to be handy for your decision-making process.
4. Place your first order on the platform
Once you’re on the platform, you can trade among 10,000+ trading pairs and buy over 1,400 different cryptocurrencies. Gate.io offers the widest variety of cryptocurrencies to trade amongst all competitors and has one of the smallest trading fees on the market. Take a look at the article below and start trading now!
Risks of cryptocurrencies
High volatility in prices is common in digital currencies like Bitcoin. This mostly happens because cryptocurrency is at its early development stages and, therefore, there is so much room for speculation in the market. But once you clearly evaluate the pros and cons, it’s time to operate.
Pros and Cons of cryptocurrencies
Pros:
It is an alternative to traditional payment methods and provides users with anonymous and secure transactions.
Transactions are encrypted and secure, making it difficult for hackers to access user funds.
Low transaction fees compared to traditional payment methods.
Decentralized, meaning they are not subject to government regulations or central banks.
Markets run 7 / 24 and are available from any country.
Cons:
Markets are volatile and can lose value quickly.
Your holdings are not backed by any asset or government, making them a risky investment.
Difficult to understand and use, making them inaccessible to many people.
Transactions are irreversible, meaning that if a transaction is made in error, it cannot be reversed.
There are no currency rate regulators
Conclusion
Crypto is risky and does have high volatility. As with any other investment, you have no guarantee that you’ll earn profits. If you’re willing to take the risk, study, and learn so you can create an investment strategy, then start investing. This is a growing sector and it’s at its early stages, so there is a lot for it to mature and a lot of knowledge to be gained. We’ll be there with you on this journey!
Highlight
Now that you already know the basics of crypto, it’s time for you to start trading. Create an account on Gate.io, do your first deposit, and buy your first token!
In our Gate Learn section, we cover dozens of tokens for you to have a clear understanding of what you’re investing in.
Keep in mind that investing in cryptocurrencies is a risky and volatile investment and price variations are usually higher than the ones you encounter in other markets, such as stocks and bonds.
Related Articles