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Simplest way to begin investing in crypto
Posted on 3/22/21 at 9:45 pm
Posted on 3/22/21 at 9:45 pm
I am sure this has been posted numerous times but I don’t know how to find a simple answer without wading through tons of posts, but what is the simplest safest way to start investing in crypto?
17
Posted on 3/22/21 at 9:47 pm to Magiklaw
square's cash app for bitcoin is simple
Posted on 3/22/21 at 9:47 pm to Magiklaw
Cash App or Coinbase
Posted on 3/22/21 at 9:50 pm to Magiklaw
quote:
I am sure this has been posted numerous times but I don’t know how to find a simple answer without wading through tons of posts
This type of effort makes for the perfect crypto investor.
You just need to read twitter and reddit and buy whatever everyone else is buying. It is that simple.
Welcome aboard!
Posted on 3/22/21 at 10:14 pm to Magiklaw
Coinbase
Posted on 3/22/21 at 10:39 pm to Magiklaw
Posted on 3/23/21 at 12:16 am to Magiklaw
I have the perfect app for you. If you want, I can send you my referral code and you and you get some free money if you invest $100. What’s your email address? I can send you to details.
Posted on 3/23/21 at 12:19 am to Magiklaw
Coinbase is a borderline scam. Fees are ridiculous. Coinbase pro, however, is legit. Fees are about 1/4 the price. But... you must first create a coinbase account to join coinbase pro. Then transfer 100% of your funds to pro. (This process takes a while, I think it was 7-10 days for me personally)
Long story short, watch the fees on the original Coinbase platform, they’re the reason $COIN will be going public at a $68B valuation in a few weeks.
Long story short, watch the fees on the original Coinbase platform, they’re the reason $COIN will be going public at a $68B valuation in a few weeks.
This post was edited on 3/23/21 at 12:21 am
Posted on 3/23/21 at 7:18 am to Magiklaw
Voyager app - it's simple to use and you earn interest on a lot of coins.
Posted on 3/23/21 at 8:14 am to Magiklaw
(no message)
This post was edited on 12/21/21 at 1:23 pm
Posted on 3/23/21 at 8:27 am to XanderCrews
Voyager over coinbase
Posted on 3/23/21 at 8:33 am to TigerChamp2009
Voyager is the best.
Posted on 3/23/21 at 10:03 am to Magiklaw
If you don't actually have to have crypto you can just buy a crypto ETF index that "mirrors" a portfolio of cryptos. I own BLOK through vanguard so I would say that is the "simplest" way to begin investing in crypto.
Posted on 3/23/21 at 10:06 am to LSUDbrous90
quote:
I own BLOK through vanguard so I would say that is the "simplest" way to begin investing in crypto.
I own BLOK as well, but that's not an actual crypto ETF...it's a blockchain ETF that does mostly mirror the movement of Bitcoin. If you want to get into a fund that actually has underlying Bitcoin as the main asset, GBTC is the way to go. Just make sure the premium isn't too high (like it is/was on OBTC...a lesson I learned the hard way).
This post was edited on 3/23/21 at 10:06 am
Posted on 3/24/21 at 7:40 am to tenderfoot tigah
Wonder why they left out cb pro and kucoin on that list?
Posted on 3/24/21 at 9:22 am to 21JumpStreet
quote:You know why
Wonder why they left out cb pro and kucoin on that list?
Posted on 3/24/21 at 9:25 am to nickpalmer
quote:Sounds like you ought to be selling some good soap with it. Or a protein drink
Your third monetization strategy is called affiliate marketing. Affiliate marketing is when you refer people to the developer of an app and the developer pays you a commission for referring customers to them. This is a great way for an individual to get started in the app industry and is also a great way to earn extra revenue from existing businesses through affiliate marketing.
Posted on 3/24/21 at 4:16 pm to Magiklaw
I just set up a Voyager account. When ya'll are buying BTC, or any other coin, are ya'll immediately moving it to a hardware wallet or are there any protections on having it sit in my Voyager account?
Posted on 3/25/21 at 12:39 am to DukeSilver
quote:
When ya'll are buying BTC, or any other coin, are ya'll immediately moving it to a hardware wallet or are there any protections on having it sit in my Voyager account?
Interested in this answer. What are the positives of letting it sit in a wallet compared to a Voyager account besides security reasons?
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