Step-by-step algorithm for the first investment in cryptocurrencies

Cryptocurrencies are becoming popular all over the world. They are used to store value, an investment asset, a means of payment, for charity. The wider the scope, the more people want to join an industry with such enviable prospects.

 

SmartMixer cryptocurrency mixers specialists tell you where to start and how to buy a cryptocurrency for euros and dollars.

 

The first time is the hardest.

 

Graphs of cryptocurrency rates for long-term investments need to be studied on segments not of one day or month but on more extended periods. We can say that today Bitcoin is worth more than it was worth five years ago. And five years ago it cost more than ten years ago.

 

Investing in cryptocurrencies is helpful if you want to multiply your capital several times without much effort. However, some measures still have to be made:

  • learn the basics of blockchain technology and find out what cryptocurrencies are. You must understand what you are investing in;
  • learn to analyze charts and the dependence of the course on various events in the media space. Select peak ups or downs on yearly charts and try to find news about those events that happened just before the price jump;
  • choose your criteria for choosing a crypto wallet — ease of use, maximum security, multicurrency, functionality, connection on devices with different operating systems;
  • determine an investment strategy - time-tested and market-tested coins (Bitcoin, Ethereum, Monero) or promising new ones (Solana, Uniswap, Near);
  • choose a reliable crypto exchange.

After completing these tasks, invest in the selected coin. For example, you can buy bitcoin through Privat when you receive your salary and make a rule to repeat this every month.

 

How to buy cryptocurrency in Europe

 

There are two options: for cash offline or from a bank card online. Buying for cash is suitable for investing large sums. If we are talking about small regular investments, online purchase is an easier way. For her, you do not need to go anywhere, meet with anyone, but fill out an application on the site and pay for it with a card. After processing the application and receiving funds from the exchanger account, coins will be sent to you.

 

When purchasing cryptocurrencies with a card, take into account the bank commission for transferring funds and follow the bank's transaction limits. Good luck with your future investments!

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