Some few steps i learnt while trying to learn crypto on my own.
While trying to learn more about crypto i had to search some few things online to be able to be able to know more about the crypto world.
Here are some of my few researchs
Step 1: */Educate Yourself and Learn more basics of blockchain, and how cryptocurrencies work,
Such things include stuffs like ,
(, wallets, private keys, exchanges)
Next step was to try and carry out some few
Research on major coins
This coins include
, BTC, ETH) and some few others
I was yet to Understand what market volatility and risks means , especially things like scams or hacks.on peoples wallet addresses and accounts
Step 2: Choose a Crypto ExchangeSign up for a reputable exchange like Coinbase, Binance, Kraken, or KuCoin.
Then i had to Check for availability in my country to know the ones that are supported currencies.
i had to see things like ,
Complete KYC (Know Your Customer) verification, which required my ID and proof of address.
My next step in
/Step 3: was to Set Up a WalletUse, i used a hot wallet (e.g., MetaMask, Trust Wallet) for easy access and learnt that cold wallet (e.g., Ledger, Trezor) are used to secure, offline storage.
Helps Secure your private keys or seed phrase/
Another step was
Step4: were one get to Fund the Account and Buy CryptoDeposit fiat (e.g., USD, EUR) via bank transfer, credit card, or other method like p2p.
Start with a small amount (e.g., $50–$100) to test the waters.Buy a stable coin (e.g., USDT, USDC) or directly purchase BTC, ETH, or other coins. For trading, use limit/market orders to control prices.
Then the last step here,
Step 5: was to Develop a Strategy like Investing,and Holding coins for long-term (HODL), diversifying across established projects (e.g., 60% BTC, 30% ETH, 10% altcoins).Trading: then Learn technical analysis (e.g., candlestick charts, you can still follow market trends.then Start with low-risk trades and avoid leverage until you gain experience.
Then Use tools like TradingView or follow X accounts of analysts for insights.
> Nedu`sblog<
Note that in
Trading
You are Buying and selling cryptocurrencies on exchanges to profit from price fluctuations, which often involving strategies like day trading or long-term holding.Investing:
Holding cryptocurrencies like Bitcoin or Ethereum as a long-term store of value, betting on their future appreciation.
Try to check out things like ,
DeFi Participation
Engaging in a control
finance activities, such as lending, borrowing, or earning interest through platforms like Uniswap or Aave
NFT Collecting
Purchasing, trading, or creating non-fungible tokens, often tied to digital art, gaming, or virtual assets.Mining/Staking:
/Validating/
transactions on blockchain networks to earn rewards, either by mining (e.g., Bitcoin) or staking (e.g., Ethereum)
I hope this helps other crypto traders to experience and learn too
