1. Understand the Basics
Before investing, you must understand key concepts:
Bitcoin (BTC): The original cryptocurrency, digital store of value.
Ethereum (ETH): Smart contract platform, the foundation for many other cryptos.
Altcoins: Cryptos alternative to BTC (e.g. Solana, Cardano, Avalanche).
Stablecoins: Cryptocurrencies linked to the dollar (USDT, USDC), used to avoid volatility.
Blockchain: Technology that allows cryptocurrencies to exist securely.
Recommended action: Watch 1 or 2 introductory videos on YouTube about Bitcoin and Ethereum to solidify concepts.
2. Choose Secure Platforms
To get started, you need an account on a reliable exchange. The safest and most popular are:
Binance (more comprehensive)
Kraken (more regulated)
Coinbase (more user-friendly for beginners)
Recommended action: Create an account, verify your identity (KYC), and enable two-factor authentication (2FA).
3. Choose a Simple Strategy: DCA
To minimize risk, use Dollar Cost Averaging (DCA):
You invest a fixed amount (for example, $50) each week or month, regardless of the price.
This strategy reduces the impact of volatility.
Recommendation: Start with BTC and ETH. Example: 70% BTC and 30% ETH.
4. Use a Secure Wallet
After buying, it is not advisable to leave your cryptos on the exchange for too long.
Hot wallets (good for beginners): Trust Wallet, MetaMask.
Cold wallets (maximum security): Ledger, Trezor.
Recommended action: Start with a hot wallet to familiarize yourself, then consider buying a cold wallet if you exceed $500 in crypto.
5. Establish Investment Rules
Only invest what you are willing to lose.
Do not get carried away by trends or social media.
Avoid selling out of panic (HODL = hold long term).
Keep a record of your purchases.
6. Learn Constantly
Dedicate 30 minutes a week to learning about:
New projects (CoinMarketCap or CoinGecko).
Market news (CryptoPanic, CoinTelegraph).
Educational videos (Andrei Jikh, CryptoCasey, etc.).
7. Security and Best Practices
Never share your private keys.
Be suspicious of promises of 'guaranteed profits'.
Check twice before sending funds.
