You'll need two things to start investing in cryptocurrency:
1) An exchange
An exchange is where you convert your national currency, like the US dollar, into cryptocurrency. Think of it like the stock exchange. At the New York Stock Exchange, cash is converted into stocks (shares of ownership in various publicly-owned corporations).
2) A wallet
A wallet is where you store the cryptocurrency you’ve purchased with your national currency.
- A hardware wallet is a physical storage device created for holding crypto for the long term. Think of it as a vault. While a hardware wallet is highly secure, it is not the best solution for people who are active traders, because it can take hours or even days to retrieve crypto from them.
While these are just the very basic first steps, Elite Crypto Consulting is here to help you get started in cryptocurrency with the exchange, wallet, and cryptocurrencies that are right for you. Let us show you how to trade while managing risk. We offer personal coaching and portfolio management. To help you navigate the world of cryptocurrencies, call the experts at Elite Crypto Consulting today at 1(800) 385-0131. To learn more about the services we offer, visit https://www.elitecryptoconsulting.com.