Beginner Crypto Lesson 01 – Getting Started In Cryptocurrency

Beginner Crypto Lesson 01 – Getting Started In Cryptocurrency

Beginner Lessons Series Exchanges \ Wallets General Information
April 17, 2021 by DanCurranJr
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Here we go! The Tutorials Begin. The Beginner Lessons Series is designed to get you from knowing nothing to buying crypto and making informed choices to keep your investments safe. So . . . . Your mom heard about BTC, you told your co-worker about what you were doing and they want in. You support them
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Here we go! The Tutorials Begin.

The Beginner Lessons Series is designed to get you from knowing nothing to buying crypto and making informed choices to keep your investments safe.

So . . . .

Your mom heard about BTC, you told your co-worker about what you were doing and they want in. You support them getting involved but find explaining everything from scratch exhausting?

Send them a link to Coin Tutor and we will take care of it.

Away We Go!

Lesson 1 – Welcome Newbies, Glad to Have You – The Adventure Begins!

Let’s start at the beginning – Step one, you need a way to buy crypto.

You need to create an account at an Exchange.  This will let you buy crypto from the bank of your choice. (“Exchange” Cash for Crypto)

Exchanges will list multiple coins that you can purchase. The main coins like BitCoin (BTC), Etheruem (ETH), LiteCoin (LTC), Ripple (XRP), etc. will be on almost every exchange.

More esoteric coins or less mainstream coins will only be available on other exchanges. I will get into that later, but for now, here’s what the average person needs to get started:

  • Register for and set up a BlockFi account, this will be important later because of Interest Rates: Sign Up Here.
  • Also, get on the mailing list for a Voyager Account – it pays higher interest rates but there is a waiting list.
  • And then get on the waiting list for the BlockFi Credit Card, there is a waiting list so get in line,
    • I will show you how to earn an interest rate on the coins you own later, so for now – Register Here

There are a lot of other exchanges around the world that may be country-dependent. I will address this in future postings. Not in the US? Please leave a comment below, I look forward to hearing from non-American cryptonauts!

I purposely don’t mention Coinbase or Binance because of the strategy I am going to layout concerning interest rates. But of course, the choice is yours!

Once you have your BlockFi / Voyager accounts registered go through the instructions to get verified and connect your bank account.  Now you have an account, and a way to buy crypto!

Next lesson – depositing cash, buying your first coins, and getting a secure wallet that is not on an exchange.

Lesson 02 is now Available!

Helpful? Useful? Enlightening?

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