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
624
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
R0d35313856c9f89372d6852e7b1597db

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?

Please consider making a small donation to CoinTutor.org. Any little bit helps the articles keep coming and the forums running. Pick a coin below, donate, and Thank You!

  • Bitcoin
  • Ethereum
  • Tether
  • Cardano
  • Xrp
  • Polkadot
  • Litecoin
  • Dogecoin
  • Usdcoin
  • Monero
Scan to Donate Bitcoin to 3GW2f1Du91uQFpVULZP4fwcLLTnfjUHDSY

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0x18b4388E6CE05b65F7Afd2a175ab9Da20324404D

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Tether to 0x38D0d0039A238dE4e38FBf6dd53Aa81fdD90884E

Donate Tether to this address

Scan the QR code or copy the address below into your wallet to send some Tether

Scan to Donate Cardano to addr1qy3qmcf2dg4u0wytq3u33s8j8kzat60hsyrvmgftsvkhu73zphsj563tc7ugkprerrq0y0v96h5l0qgxeksjhqed0eaqq43up2

Donate Cardano to this address

Scan the QR code or copy the address below into your wallet to send some Cardano

Scan to Donate Xrp to rEbQS57RrYczvd16tLCrFrXfGufeyBUWQ

Donate Xrp to this address

Scan the QR code or copy the address below into your wallet to send some Xrp

Scan to Donate Polkadot to rEbQS57RrYczvd16tLCrFrXfGufeyBUWQ

Donate Polkadot to this address

Scan the QR code or copy the address below into your wallet to send some Polkadot

Scan to Donate Litecoin to M8u4f6LL9APeLH5MAupK7geefMaBT7Pko6

Donate Litecoin to this address

Scan the QR code or copy the address below into your wallet to send some Litecoin

Scan to Donate Dogecoin to DAuyfeoKBtNhsjKmyvDtg1ANXvhXZpYHGE

Donate Dogecoin to this address

Scan the QR code or copy the address below into your wallet to send some Dogecoin

Scan to Donate Usdcoin to 0x38D0d0039A238dE4e38FBf6dd53Aa81fdD90884E

Donate Usdcoin to this address

Scan the QR code or copy the address below into your wallet to send some Usdcoin

Scan to Donate Monero to 489Qx82MSwFAhRgXGoU9NrV3baCPB5vbm22EUkSizTSULcxqZ5ayisg5hWLYZegUxXJ6yuhCFGjxxaf1rQ4R67wuKh2Ykui

Donate Monero to this address

Scan the QR code or copy the address below into your wallet to send some Monero

2 Comments

Leave a Reply to jesseharsh Cancel reply