A lot of folks are starting to show an interest in crypto currencies. Though this is a good thing, but there are some pitfalls beginners fall into. These mistakes are rather common and can end up costing beginners a few thousand dollars worth of cryptocurrency if they are not careful. With the following pitfalls in mind, we have listed out 4 simple steps to buy Bitcoin, alt coins and how to store them securely.
Bitcoin is the "Base currency" in the crypto world. To start buying cryptos, buy bitcoin first by converting U.S. Dollars to bitcoin.
"Wallets" provide safe storage for your cryptocurrencies. Some wallets store only bitcoin. Other wallets store multiple cryptos
"Exchanges" allow you to use bitcoin to buy 100s of other cryptos. Simply transfer bitcoin from your wallets to the exchanges. Some exchanges have wallets, but they're less secure than wallet-only services
Various wallets allow you to safely store your cryptos off the exchanges, which can be vulnerable to hacks.
