How to start up with cryptocurrency- Must Know

Hey Hi! You may be interested in cryptocurrency investment. But everyone should know the basics about cryptocurrency before Investing in crypto coins.

I am going to teach you how to start up with cryptocurrency. (even without investment) But first of all you should know, where to store your coins.

Table of content:

#1 crypto wallets

Online wallet.
Best digital wallets

#2 Are cryptos legal?

Crypto Legal India?
About other countries

#3 Should I invest in cryptocurrency?

#4 What are the best ways to earn crypto?

Faucet sites

Ad networks (a-ads.com)

Url-shorteners

Affiliate network

Mining

#5 Best cryptocurrency to earn

Some coins you should earn

#6 How to secure your wallet

1.Don’t use public WIFI
2.Secure your device with a password
3.Install only Authorised applications/software.
4.Your antivirus
5.Don’t reuse your password

6. Use 2FA verification

#Overview of this post
#conclusion

#1 crypto wallets

Crypto wallets are the place where you save/store your cryptocurrency. If you earn your money, you have to save it in your bank account.

Just like the bank, there are crypto-wallets. Each wallet has a unique wallet address. So you can send and receive crypto coins using it.

This is the place where you can store and secure your cryptos from hackers.

There are many types of wallets in cryptos.

Anyhow, each of them has its own positive and negative points. There are software wallets, hardware wallets, paper wallets.

Online wallet.

Online wallets are one type of software wallet. The most popular and easy setup is online hosted wallets. These types of wallets are stored in a secure server.

These types of wallets are accessible by your browser and the account password. These types of wallets could be the best choice.

Anyhow, the website will have the key to your wallet. So, you have to do some research on the wallet provider.

Best digital wallets

If you ask me, I will suggest these two wallet providers save your cryptocurrency:

Coin base.com- It has a secure way to log in with your account each time using two step-verification. And also, it could be the best option for trading your cryptocurrency. It also has good portfolio providence.

Blockchain.com- It is the most secure and trusted wallet to secure your cryptocurrency. It also has the two step-verification to make sure that you are the owner of the wallet. It also allows you to trade, Buy and Sell your cryptos.

I will suggest you use Blockchain. Because it has mostly all features and allows you to trade with security. Still, Coinbase is also the best choice as it also has all the features and trading options.

Read More: How to secure your bitcoin/cryptos

#2 Are cryptos legal?

Crypto Legal India?

In India, It was not illegal but, it was not regulated by the Indian government. Most sources say that RBI Planned to make the Cryptos (bitcoin) a legal concept due to it becoming an important role in finance. And there are no restrictions for using bitcoins. So, you can Buy/sell trade your bitcoin and other cryptocurrencies.

About other countries

Well, I believe this is the beginning of the legal process for Bitcoins and other cryptocurrencies. And in future, it may become legal in all countries.

Nearly five countries legalized bitcoin trading. So, this is the beginning of legalizing cryptocurrency everywhere.

#3 Should I invest in cryptocurrency?

This question is a curious and also important one.

Cryptocurrency is a high potential investment for future earnings, but still, it is too risky.

Because, if you invest your money on cryptos and if the coin price goes deep down, and your investment is just like Buying a 1st class ticket in the titanic ship.

That’s why I don’t suggest anyone invest their money in cryptocurrency. But instead of buying, you can earn it.

My suggestion

Investing in crypto is a good option. But, there are only a few coins that are the best and trusted to invest your money.

Such as:

Bitcoin, Litecoin, Ethereum and more

Anyhow, I do not invest my money online in anything. If you still want to invest in crypto, there are more experts online who will teach you about investing in cryptos.

#4 What are the best ways to earn crypto?

You know what, earning is the best way to get cryptocurrency without loss. Investing is a good option but Earning is a very good option. Okay! Here are some options to earn free crypto. Mostly Bitcoin.

Faucet sites

Faucet websites pay cryptocurrency for visiting their websites, you need to work a little hard to make a fair amount of cryptos.

Ad networks (a-ads.com)

This is an easy way to make cryptocurrency (bitcoin). You can use crypto ad networks as an alternative to Adsense.

Just paste the code into your site and start earning. You can choose everything in the ad type. This website will allow you to start instantly without verification.

Url-shorteners

These are the normal Url-shorteners that will pay you with bitcoins. This is good news too.

Affiliate network

You can even do affiliate marketing to earn free crypto(Bitcoins). They will also pay you with bitcoins.

These are the best options to earn bitcoins.

Mining

And there is an easy and effective method that helps cryptos to enter into the system. Which is called Mining.

Mining is a process that solves the equation of cryptography and provides crypto coins.

But, you can make a lot of cryptocurrencies using this method, But still, you need powerful GPU’s. So, I only suggest you mine with powerful Hardware.

#5 Best cryptocurrency to earn

There is no confirmation on this. Because, If you buy gold, you can assure that the gold price will increase in the future.

But, if you buy a cryptocurrency, you have no assurance that it will be increased in the future. So, you don’t know, right?

Anyhow, some coins have great expectations for the future.

Some coins you should earn

Bitcoin
Ethereum
Litecoin
Binance coin
Stellar Lumens

These coins have great future expectations and are still worth earning. If you begin to learn crypto, you’ll begin to understand it.

#6 How to secure your wallet

secure your crypto wallet from the hackers

Securing your crypto is easy, but securing your wallets may have some gaps, where the hackers could enter.

Here are some methods to secure your online digital wallets.

1.Don’t use public WIFI

Using Public wifi may be a trick of the hacker to get the password of all your social accounts. This may risk your digital wallet in danger.

2.Secure your device with a password

Try to use a biometric password for more security. This may keep your pc and the password of your digital wallet safe.

3.Install only authorised applications/software.

Don’t ever install an unknown source of software or cracked freeware software. This is just like “Selling your Id and Password for a single free software.”

4.Your antivirus

Do not allow any exclusion in antivirus. This may get your Pc into real danger. And your wallet may be cleaned up well.

Always update it and don’t change any unwanted settings.

5.Don’t reuse your password

Don’t reuse your wallet/account password on any other website.

For example:

If you use any password in a crypto wallet, don’t use it in your email accounts.

6.Use 2FA verification

Try to use 2 Factor Authentication in your digital wallets by activating SMS code verification and email code verification at each time of login.

And you need to enter your password every time.

Read More: How to secure your bitcoin/crypto

#Overview of this post

Online wallets are the best option to secure and trade your coins.
Cryptocurrencies are not illegal in India. It was not only regulated.
I suggest you not invest money in cryptos, But to earn.
Faucet, ad networks, URL shorteners, affiliate marketing and Mining is the best options to earn crypto coins.
Secure your wallet from hackers by using the Above methods.

#Conclusion

If you want to earn real money from crypto, you need to trade it. But, trading cryptos could give you great loss.

If you want to learn to trade, many online traders make youtube videos and post articles.

Anyhow, I didn’t ever trade. Be well on your cryptos online.

I believe, This article may help you out. Comment below about this article.

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See You Bye!

Thank you Notes:

Thanks to all the sources in online, For help me to write this Article. Comments are turned on so you can comment your thoughts too.

How to start up with cryptocurrency- Must Know | Crypto Lover Way