Get started with cryptocurrencies

Step by step guide for Bitcoin & cryptocurrencies

003-one

Decide which cryptocurrency

Decide which cryptocurrency you are interested in ‘investing’ in. There are plenty more than Bitcoin and Ethereum, so it’s important to research and decide which one you want to buy as step 1. Bitcoin review here and Ethereum review here

004-two

Find the right crypto exchange

When you have decided to buy Example cryptocurrency, you need to figure out where you can buy it. The absolute most common way to buy cryptocurrencies is through an exchange. Some exchanges lets their users trade Fiat (what is Fiat) to crypto straight away, but definitely not all. So sometimes you need to use a service/exchange like Coinbase, Localbitcoin, etc to buy Bitcoin, Ethereum, Litecoin, etc and then send them to the exchange that trades Example crypto.
Use our exchange review and comparison tool to find the right exchange for you!

005-three

Safely store you cryptocurrencies

Great start with buying yourself some Example cryptocurrency. But now you need to store it somewhere safe so no one can steal it from you. Remember in the world of cryptocurrencies you are your own bank. And therefore you need to make sure that you keep your crypto somewhere safe. A good hardware wallet is the way to go. Find out which hardware wallet that might suit your needs and crypto using our wallet reviewal and comparison tool.

006-four

Don't forget taxes

In most countries around the world we have to pay taxes on our crypto trades and purchases.  What is common is that you need to pay taxes on any capital gains made from a trade. For example if you bought 1 Bitcoin for $4000 dollars and later on sold it for $6000, then you need to pay taxes on that $2000 gains.

So if you’ve made a lot of trades it gets difficult to compile them at correct prices and dates, we know. So thats’ why we put together this guide on how taxes for crypto works here

007-five

See your cryptocurrencies value increase

Great work getting your cryptocurrencies stored safely using a hardware wallet. Now if you’re not planning to spend your Bitcoin, Ethereums or other cryptocurrencies at some merchant, then you can just safely keep it at that wallet. And over time you can wait and see if the price of your Example cryptocurrency will increased in value over coming months. But if you are thinking about spending your Bitcoins or other cryptocurrencies you can do so today using a cryptocurrency debit card. They work like any other debit card and could be used at most places that accept cards as they are often a normal Mastercard or Visa card.

Have a look at our debit card comparisons here.

Good luck!

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