Thoughts that “it would be nice to buy cryptocurrencies” come at different times and with different motivation. Someone wants to use Bitcoin as a “bank” for personal savings, someone is looking for trading adventures and fast money and someone Interested in the “completely new experience” and the opportunity to have a piece, albeit digital but the future. Especially for such searching, a few tips for courageous, but still inexperienced readers are made on what to do before buying cryptocurrency, what to look for in the buying process and what to do with Bitcoin tumbler?
Take care of your wallet
You need to store the purchased cryptocurrency somewhere. There are a lot of ways and options, but first you need to know about two options, a light and heavy wallet. If you are going to buy a “souvenir” amount of currency, the safety of which you will not have nightmares, then a light wallet available directly from your phone is a great option. It is best to choose a proven solution with a good rating and reviews. First of all, make sure before the final choice that the wallet allows you to transfer your account / wallet to another device, and the course for entering / withdrawing currency suits you.
If you have a significant amount on your hands that has accumulated over several years and you want to transfer it into digital coins, then take the time to read the instructions and make room on your hard drive for installing a full wallet for the selected cryptocurrency. This is the most secure option, because in fact you download all your coins to your PC where they are stored and regularly connected to the server for checking. And it is strongly advice not to keep coins on the exchanges. If that’s where you are going to buy it, cryptobirds are most often the victims of hacker attacks. And in the top of the most unreliable places for your coins, any exchange would take first place.
Conclusion: Do not buy Bitcoin at the moment of its “take-off”
Hearing from a friend or from your favorite Crypto journal, that Bitcoin has set a new growth record, do not rush to register a wallet faster and look for an exchange office. After a sharp rise, any cryptocurrency is either experiencing a correction, or a rather strong fall. But in any case, the chance that you will have time to run into the rushing train is always less than the chance that the idea will end in failure and disappointment. It is much more reasonable to wait for the moment of decline of your chosen currency and buy it at the lowest price.
45 year-old Gastroenterologist Luigi Roten from Terrace Bay, loves 4 wheeling, business and crafts. Discovers the charm in visiting destinations across the world, recently only returning from Cidade Velha.