🔥 Navigating the cryptocurrency world can be more confusing than the New York subway system, but fortunately there are some easy ways to get your feet wet and start investing in crypto.
One of the biggest misconceptions about Bitcoin is that you have to spend $10,000 to buy a whole Bitcoin. You absolutely do not. You can buy as low as fractions of a penny!
Here are 3 easy ways to get started in the wild wacky world of cryptocurrency:
- Coinbase - Coinbase is one of the easiest exchanges to buy and sell Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. The first step is to sign up for an account at Coinbase. It’s easier than opening up a bank account online. Use this affiliate link to sign up and you’ll get $10 worth of bitcoin free if you spend at least $100. Booya!
Next you need to add a payment method. You can use a credit/debit card, wire transfer or you can link directly to a bank account.
And the last step is to buy some cryptocurrency, after you DYOR (Do your own research.) Once your account is setup, you can invest away.
- GBTC - GBTC is the stock symbol for the Bitcoin Investment Trust. A trust acts like a stock you own shares of the company that owns Bitcoin. It’s a cheap, easy way to get started into cryptocurrency. Keep in mind, you don’t actually own any Bitcoin. You own shares of the company, like a stock. 1 share of GBTC is worth roughly 1/100th of a Bitcoin.
- Robinhood - Robinhood works like Coinbase, but it doesn’t charge any fees to trade. Their trading platform isn’t live just yet, but you can sign up and get notified when it’s active. Robinhood’s site says “Cryptocurrency trading coming in February.” So hopefully that now means March. 🤑
As with any investment, there are risks. And the crypto world is inherently very volatile. Like your moody roommate, you don’t know if it’s going up or down, but that’s also what makes it so exciting. It’s important to remember only invest what you can afford to lose. Don’t put your life savings into crypto. Ever.
*NEW MONEY content is to help educate and get women excited about investing. However, we are not financial experts. All content is for informational and entertainment purposes.