Investing in cryptocurrency is a risky venture under any circumstances, and it’s especially so if you have no idea how to research and analyze cryptos. But, with the right crypto research tools, you can gather the information you need to make an informed investment decision.
Here is a step by step guide to help you navigate your way around cryptocurrencies.
From securing your crypto, buying crypto, best exchanges, secure wallets.
Step One
Password protection and security
The first and most important step.
People have lost roughly $140 billion in Bitcoin because they forgot their passwords or got locked out of accounts, and would-be millionaires are struggling to access their wallets.
One of the first things we recommend to all CTI members is a good password protection system.
Depending on how you have set up your Bitcoin wallet, you will likely need a password as part of its security. A good password is long and random. Some passwords need to be memorable, while other passwords can be conveniently stored in a password manager.
The most important thing you need to do to keep your Bitcoin safe is to never lose your 12 secret words. Back them up in several locations and OFFLINE.
As you start to work more online and in the crypto world, you will find yourself going crazy trying to remember all your user names and passwords. Or worse, you will use a simple password for everything which leaves you incredibly vulnerable.
Some things to keep in mind about passwords.
If you apply the rules above, you will be more secure online than 99% of the people out there.
The best way to handle passwords is to use a trusted application.
KeePass
CTI highly recommends KeePass as a starting point. You can find this at the well known and trusted Source Forge Site.
KeePass is 100% free shareware and open source
Open Source means that all the code is out in the open for anyone to see. This protects you against proprietary software with hidden ‘backdoors’ that can steal your passwords.
LastPass
Once you are comfortable with Keepass, consider getting LastPass as a backup and a convenience tool.
LastPass is an online password manager that automatically fills in saved logins and forms with the click of a button.
Once you save a password in LastPass, you’ll always have it when you need it; logging in is fast and easy.
How to Setup KeePass (Video)
How to Setup LastPass (Video)
Use Keepass to record all your passwords, welcome emails, important numbers, PINS, and notes. It is easy to search too.
Use Lastpass for efficiency, convenience, and as a backup, AFTER you have input passwords into Keepass.
We suggest that you carry on using the system that have now until you are comfortable with the new way of doing things.
It is important that you backup your KeePass information just in case your device is lost, stolen, or broken.
We hope that helps you get your passwords secure.
Step Two
Wallets
If you plan on buying, trading, or using bitcoin or any cryptocurrency, a wallet is a necessity.
CTI recommends using a decentralized crypto wallet as it provides users with increased security and control over their funds.
A decentralized crypto wallet is one that is owned by the user, is not managed by any third party, and does not require personal information in order to access and use the funds. Decentralized wallets offer more security as the user is the sole owner of the funds and no third party can access or control them.
A centralized crypto wallet is one that is owned and managed by a third party, such as an online service provider or a company. These wallets typically require users to submit personal information and create accounts in order to store and access their funds.
Best for Desktop
Exodus is a Decentralized wallet
Send, receive, and exchange Bitcoin and 200+ cryptocurrencies with ease on the world’s leading Desktop, Mobile, and Hardware crypto wallets.
One of Exodus’s most popular features is the ability to swap between a growing number of cryptocurrencies.
Exodus currently allows for swaps between over 150 different cryptocurrencies.
This wallet is great for beginners just getting into the crypto space with its simplicity.
Exodus Wallet (desktop tutorial) (Video)
Step Three
Buying and Selling Crypto
Now that you have a wallet, and it is secure, now its time to buy some Cryptocurrency.
Crypto.com
This cryptocurrency exchange is a good fit for:
Anyone who wants to spend, trade, store, and save cryptocurrencies, especially Crypto.com’s utility token, Cronos. This all-inclusive exchange lets you buy, sell, and trade a good range of cryptocurrencies at affordable rates.
Because we are on the World Wide Web, we have people from all over the globe looking to buy and sell Cryptocurrency. So here are a couple of great sites where you can find exchanges around the world to buy and sell your crypto.
Buy Bitcoin Worldwide
Buy Bitcoin Worldwide is the most comprehensive resource for finding Bitcoin exchanges and buying bitcoin from around the world. and is where beginners and enthusiasts alike can find expert, practical advice on all things Bitcoin and Crypto.
Bitrawr
Bitrawr is another useful Bitcoin resource for finding the best exchanges, trusted wallets, nearest ATMs, efficient mining equipment, and more all in one site.
Crypto Debit Cards
Ultimo
Platinum
Visa Debit Card
The card that lets you unlock the value of your crypto assets and keep their upside potential.
Step Four
Now that you are ready to dive in, check out our exclusive member content.