Everyone has heard of Bitcoin and many of you may have heard of Ethereum. What you may not know is that to make a lot of money at either one of these you have to start with a lot of money. Elon Musk bought into Bitcoin but he had millions of dollars. I did buy some Ethereum but only a small amount. It will grow over time but I won't make a lot on it. Ethereum's price today is over $2,300 US dollars.
A few other cryptos that I like that are much less expensive are ChainLink, Cardano, Algorand, XRP and VeChain. Others that I am interested in but don't have are Holo, Polymath, Litecoin, and Polkadot. Be aware that XRP is really hot right now, the price is has been going up quickly and it is predicted to be bigger than Bitcoin some day, HOWEVER, the US SEC is sueing the parent company Ripple and so there is more risk than some of the others. That said, I have more XRP than any of the others. The worst case scenario is that I lose some money on XRP but make it up with ChainLink, Algorand and VeChain.
Your next step (if you so choose) is to go to YouTube and put in the search bar the crypto that you want to learn about. Watch several videos on each one. My feeling is that yes I am choosing ultimately with my intuition and knowingness but I want to learn about each crypto that I am investing in.
Start with one small purchase so that you can practice how to buy and move it to your wallet. Most of the exchanges have tutorials. Look under support or knowledge base for info on how to..... Or look it up on YouTube.
Please use your own knowingness when buying crypto. I am not an expert. This is ONLY the sharing of my experience.
Getting ready to buy Crypto
Step one is to make sure that you are using a secure email and preferably one just for your crypto and crypto banking. I am using Protonmail which is based in Switzerland. It is very secure compared to gmail, hotmail, etc. They do have a free plan. https://protonmail.com/
Step two is to decide how you want to pay for your crypto. When you purchase crypto through an exchange you will need to pay for it with either a bank transfer or a debit/credit card. Bank transfers are usually free but they can take a long time. Usually using a debit/credit card is about 3.5 to 4% but you will have immediate access to your crypto. (See Crypto.com below, free debit/credit card transactions for the first 30 days.) I suggest you get a checking or savings account that you will use only for crypto and banking. Having a checking account makes it easy to purchase your crypto starting out with a debit card. You can also use a credit card. You will need to check with your bank to make sure they don't have an issue with crypto. I started out with Ally bank which is online only but had issues right from the start. I found that my small local bank was much easier to work with and they did not have a problem with crypto. If you want to use an online only bank I understand that Chime bank is very crypto friendly. I don't know if Chime has debit or credit cards. Be aware of transaction fees! Each exchange will be different.
This is the time to start researching what you want to buy. I did a lot of research on YouTube and found several cryptocurrencies that I like. I wanted crypto that would make me money but I also wanted crypto that resonated with me. I am staying away from Bitcoin and going for less expensive crypto that has good potential. I currently have ChainLink (LINK), Cardano (ADA), VeChain (VET), Algorand (ALGO) and XRP (XRP). I am also interested in Harmony (ONE), Theta (THETA) and Holo (HOT). I have a small amount of Ethereum but be aware that if you use it to trade, transaction fees with ETH are VERY high.
YouTube channels to get you started:
Crypto Dad: Rex Kneisley - YouTube Easy tutorials on how to get set up.
CoinBureau: Coin Bureau - YouTube In depth info on various cryptocurrencies.
Step three is to get a crypto wallet. A wallet is a way to keep your crypto safe. There are a variety of wallets that can be used both online, on your computer or cell phone, and hardware wallets which are totally offline. I went with a desktop wallet called Exodus. I also have MyEtherWallet for crypto that is not compatible with Exodus. (You will need to check if your wallet is compatible with the crypto you are buying.) It is safer to keep your crypto keys in your wallet than to store them on an exchange which can be hacked. This means that you and only you have the password (keys) to your crypto. If you lose the keys you lose the crypto.
Step four is to sign up with an exchange.
Please remember that I am ONLY sharing my experiences and it is up to you to do your own research and use your knowingness!
Hello and Welcome to my Crypto Blog. As many of you know, I have been involved with Crimson Circle for the past 20 years through many ups and downs on our journey to recognize the master within.
For most of my adult life I allowed my aspect of lack to dominate my life. It started with my dad who always said that we would have to work HARD for money. I know that there were also many past life aspects holding me back. On top of that I always hated working for others but was not financially successful in any business of my own.
Several months ago, Adamus invited us to invest in cryptocurrency and the stock market. At that time I briefly investigated both and although I was interested in crypto it just seemed way too overwhelming. I was in a space where I did NOT want to use my mind so I let it go. A few weeks ago, I got the urge to look at crypto again and everything clicked! I feel that there has been a real shift in my abundance consciousness.
I learned in my first 2 weeks of getting started in crypto that there are a lot of details to getting set up and ready to make your first cryto purchase. It was not always easy and so to make it easier for you I am going to post a step by step guide - how I did it - for you. Let me say though that I am NOT an expert in crypto and that you absolutely need to follow your own knowingness in your own crypto journey.
Finally let me say that I never knew that making money could be so much FUN!! I hope you feel the same way and that I can help make your beginning a little smoother.
Much love to all of you,